Starcore Reports Positive Test Results on Processing of Carbonaceous Ore

Core Insights - Starcore International Mines Ltd. has successfully conducted an in-plant test of the CIL circuit to treat carbonaceous ore at its San Martin mine, achieving over 80% recovery of gold and 63% recovery of silver from approximately 2000 tonnes of ore with a gold grade of 2.2 g/t and silver grade of 20.7 g/t [1][2] - The company plans to process 100 tonnes per day of carbonaceous ore, increasing to 180 tonnes per day, with further modifications allowing for full capacity processing of 800 tonnes per day by the end of 2025 [2][3] - The carbonaceous mineral resource at San Martin is reported to be 880 thousand tonnes, yielding a total of 77,461 ounces of gold equivalent, indicating significant potential for resource expansion [4][5] Company Developments - The engineering firm Kappes, Cassiday & Associates (KCA) is modifying the San Martin plant for continuous processing of carbonaceous ore, which is expected to significantly boost cash flow due to its higher gold content compared to oxide ore [2][3] - The geological department at San Martin is actively evaluating the carbonaceous ores, anticipating a substantial increase in both the tonnage and gold grade of the available resource [3][4] - Starcore International Mines is recognized for its commitment to Corporate Social Responsibility and aims to enhance long-term shareholder value through its operations and projects [6]