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Starcore International Mines Ltd.
Summary
| Project: | San Martin | |
|---|---|---|
| Deposit: | San Martin | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 7/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-7-2018: Starcore International Mines Ltd. announces a Resource Estimation report for its San Martin deposit at the San Martin project. Updated mineral resource and ore reserve estimate at the project. In June 2018, Erme Enriquez was retained by Salvado | |
| Resources: | (Reserve, P+P): 1.651Mt @ 2.11g/t Au, 33g/t Au for 112Koz Au, 1.7Moz Ag contained at San Martin | |
| CP/QP: | [Resources]: Erme Enriquez (Independent) | |
| ABSTRACT: | In June 2018, Erme Enriquez was retained by Salvador Garcia, Chief Operations Officer (COO) for Starcore International Mines LTD (“SIM”), to perform an Updated Reserve and Resource Estimate in the San Martin Mine, in accordance with the reporting requirements of Canadian National Instrument 43 101 (“NI 43 101”) and Form 43-101F1. The Mineral Reserve update was performed by the San Martin´s mine personnel, all employees of SIM. SIM also provided the sections on geology, mining methods, project infrastructure, market studies and contracts, capital and operating costs, and economic analysis and a part of the conclusions and recommendations Erme Enriquez is a Qualified Person under NI 43-101 and have no affiliation with SIM except that of independent consultant/client relationships. Mr. Enriquez has been an employee of Minas Luismin, first owner of San Martín, and then of Wheaton River, for more than 21 years and he participated in the supervision of the exploration and exploitation of San Martin from 1993 to 2003. Mr. Enriquez was responsible for assembling all items of the technical report and for preparing the Mineral Resource Estimate. The effective date of this technical report is April 30, 2018. The San Martin mine is located 47 kilometres, in straight line, northeast of the Queretaro City, Queretaro State, on local road No.100 and about 250 kilometres NW of Mexico City, near the towns of Tequisquiapan and Ezequiel Montes. The San Martin mine underground mine has been in operation since 1993. | |
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