|By Marketwired .||
|February 17, 2014 10:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/17/14 -- Starcore International Mines Ltd. (the "Company") (TSX:SAM) announces production results for the fiscal 2014 second quarter, ending January 31, 2014, at its San Martin Mine in Queretaro, Mexico. For the third consecutive fiscal quarter, the San Martin mine has produced more than 6,000 gold equivalent ounces.
During Q2, a total of 78,509 tonnes were milled at an average grade of 2.55 g/t gold and 21 g/t silver, resulting in the production of 6,028 gold equivalent ounces. This represents an increase in production of 21% from the same quarter in the previous year.
Mill recoveries averaged 86.8% for gold and 51.9% for silver. These recovery rates compare very favorably to Q2, 2013 when recoveries were 79.7% for gold and 55.2% for silver.
David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Robert Eadie, Executive Chairman, President & CEO
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
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