Mr. Robert Eadie reports
STARCORE LAUNCHES WORK PROGRAM ON COTE D'IVOIRE PROJECT
Starcore International Mines Ltd. has provided an update on the initial work undertaken at its Kimoukro gold project located in the West African country of Ivory Coast.
The initial visit to the Kimoukro project by Starcore's exploration team aimed to verify the ground conditions and improve the map of existing mineworks to refine Starcore's exploration program and strategy for the project. The reconnaissance confirmed the presence of at least 11 main veins (0.5 to two metres thick), object of artisanal exploitation. New evidences of mineralization have been found in the southeast part of the permit. Over all, the vein system is recognized over a 1.5-kilometre-wide corridor, striking from outside of the eastern border of the permit to the Bandama river. The permit for the west side of the river covers an area that is largely unexplored.
Mineralization at Kimoukro occurs mainly in northwest-trending sheeted quartz, which cross-cuts granodirite, microdiorite and volcanoclastic metasediments. Fresh chip rock samples were collected from few accessible shafts and assayed with hand-held XRF returning seven to 22 grams per tonne gold. One quartz vein sample crossing granodiorite returned an average value of 155 g/t Au. The showing and new findings enlarged the existing anomaly zone from surficial soil samples.
Samples from termite nests were collected in the part of the permit covered by alluvial deposits and sent for assay at the MSA labs in Yamassoukro, the capital of Ivory Coast. Assays were returned with no significant values.
The artisanal mining activity within the Kimoukro permit remains fairly intense in the middle-north area, where about 80 people are washing soil and working veins on granitic rocks. A large settlement of artisanal miners is located at the eastern border of the permit and includes milling and washing facilities, other than trenches and shafts, to mine mineralized veins.
The next phase of exploration at Kimoukro will include the following:
- Geophysical survey to start as soon as possible:
- Prepare lines: 44 lines, 100 metres spaced and total length of 52 kilometres;
- Induced polarization/resistivity survey;
- Ground magnetic survey;
- Preparation of access road and camp;
- Transport of equipment to Kimoukro; build the camp facility;
- Auger drilling (3,000-metre initial phase); trenching (two phases: 600 m plus 1,000 m).
The initial program will be focused on geochemical sampling with auger drilling and trenching, with the geophysical survey being completed concurrently.
"We will commence building the camp and access road to be ready for drilling by mid-April so we can forge ahead and get as much work as we can before the rainy season," said Robert Eadie, chief executive officer of Starcore.
Qualified person
The scientific and technical disclosure in this news release has been supervised and approved by Dr. Riccardo Aque, PhD, Eurogeol, a qualified person as that term is defined in National Instrument 43-101. He is independent of the company.
About Starcore International Mines Ltd.
Starcore is engaged in precious metal production with focus and experience in Mexico. While this base of producing assets is complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally, with its project in Ivory Coast. The company is a leader in corporate social responsibility and advocates value-driven decisions that will increase long-term shareholder value.
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