Starcore produces 166 gold ounces in Q1, details process improvements at San Martin mine

Starcore International Mines (OTCPK:SHVLF [https://seekingalpha.com/symbol/SHVLF]) announced its first fiscal quarter production results [https://seekingalpha.com/pr/20203200-starcore-reports-first-quarter-production-results] from its San Martin Mine in Mexico, it produced 166 equivalent gold ounces from a milling of 5,370 tons of stockpiled ore grading 1.91 g/t of gold and 17.5 g/t of silver and with recoveries of 75% for gold and 65% for silver.

The company noted that gold and silver recoveries were lower than expected, due to a "preg-robbing" effect caused by clays, which the company is now working to resolve.

"The new CIL plant represents a great alternative to process ore that cannot be treated by cyanidation as is the case of the ore from the San Jose Mine," stated Salvador García, the Company's Chief Operating Officer.

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