Starcore Begins Exploration at its Gold Project in Cote d'Ivoire

Core Viewpoint - Starcore International Mines Ltd. has commenced exploration activities on the Kimoukro permit in central Ivory Coast, focusing on gold mineralization in an area with significant artisanal mining activity [11][12]. Exploration Activities - The initial phase includes a 2000 m auger drilling program to investigate gold anomalies in saprolite and assess the continuity of known mineralized veins [6][11]. - A ground-magnetic survey will be conducted alongside an induced polarization (IP) geophysical survey, with a total of 50 line-kilometers planned [5][26]. - Trenching will be performed to test known higher gold anomaly zones, with an initial program consisting of 1500 m of trenches, 5 m deep [18][22]. Geological Context - The Kimoukro permit contains at least 11 gold-mineralized veins, with thicknesses ranging from 0.5 to 1.0 m and inferred strike lengths exceeding 150 m [2][3]. - The depth to rock in the area ranges from 2 to 20 m, averaging around 10 m, indicating potential for deeper exploration [3]. Historical Data and Analysis - Previous exploration by K Mining included IP surveys covering 0.9 km² and 1.3 km² in 2019 and 2021, respectively, which have been reprocessed for better interpretation [14]. - Soil geochemistry conducted between 2019 and 2022 highlighted over 65 hectares of soil anomaly greater than 50 ppb, although surface samples only reached depths of 0.5 m to 1 m [24]. Project Management - Starcore aims to complete all exploration activities before the heavy rain season, typically occurring in September [7]. - SAGAX Afrique sarlu has been retained to implement the IP and ground magnetic program, expected to be completed by the end of July 2024 [12].