6-K
STARCORE INTERNATIONAL MINES LTD. (SHVLF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2021
Commission File Number 000-50922
STARCORE INTERNATIONAL MINES LTD.
(Translation of registrant’s name into English)
Suite 750 – 580 Hornby Street, Vancouver, B.C., Canada V6C 3B6
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
EXHIBITS
| Exhibit No. | Description |
|---|---|
| 99.1 | News Release dated August 17, 2021. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
STARCORE INTERNATIONAL MINES LTD.
Date: August 17, 2021
By:
/s/ Gary Arca Gary Arca Chief Financial Officer
sam-ex991_6.htm
August 17, 2021TSX: SAM
Starcore Announces the Acquisition of the Teocuitla Claims next to the El Creston Project in Opodepe, Sonora State, Mexico.
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”) is pleased to announce the acquisition of 3087.7691 hectares of the Teocuitla claims from Minera Teocuitla SA de CV of Hermosillo, Sonora, Mexico.
The Teocuitla claims are located in Opodepe, Sonora, Mexico beside the El Creston Meztli 4 claim in the northwest part of Starcore’s 11,000 Ha property. The El Creston deposit is a well-known and defined Molybdenum deposit, but the property has never been explored for precious metals. The Company refers its readers to the “Preliminary Economic Assessment, El Creston Project, Opodepe, Sonora, Mexico” dated December 16, 2010 (“PEA”) prepared for Creston Moly Corp. and filed on SEDAR on December 20, 2010. The PEA provides information on El Creston that is historical and the Company cannot guarantee the accuracy of the data presented therein. The reader is cautioned not to place undue reliance on the historical data or its implications that have been derived from third-party sources. The PEA is referenced herein solely for historic context and background.
“We are extremely pleased to have made this acquisition and to be able to look at the El Creston Project in three different ways – one as a moly deposit; another as a property with gold showings; and thirdly, as a project with the potential for copper porphyry at depth,” commented Robert Eadie, CEO and a director of the Company. “The property offers exciting exploration potential in the friendly mining state of Sonora, Mexico”.
The Company conducted a six-month exploration plan which included more than 1600 samples taken in the outcrops of nine new discovered veins in the Teocuitla claims, with a focus on gold and silver orebodies. The initial results of the exploration program are outlined below:
Table 1: Assay Results of the samples taken from MEZTLI4 and TEOCUITLA Claims
| # Targets | Target | Claim | Recognized surface length (mt) | Economic length (mt) Surface | Economic width (mt) Surface | Au g/t | Ag g/t |
|---|---|---|---|---|---|---|---|
| 1 | Mana System | Meztli 4 | 2100 | 300 | 1.07 | 0.52 | 250 |
| 2 | Karla System NW | 1815 | 280 | 0.53 | 3.52 | 13 | |
| 3 | Karla System SW | 480 | 190 | 0.61 | 1.53 | 64 | |
| 4 | El Guerigo Breccia | 1800 | 110 | 0.98 | 0.11 | 162 | |
| 5 | San Gerónimo | Stockpile Samples | 0.40 | 214 | |||
| 6 | Midas Vein | New claims acquired | 580 | 190 | 0.73 | 0.09 | 147 |
| 7 | La Aurora - La Espinada Vein | Stockpile Samples | 0.21 | 241 | |||
| 8 | La Última | Old mining non visited | |||||
| 9 | El Oro | Other claim | 500 | 70 | 0.53 | 10.30 | 5 |
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail: investor@starcore.com website: www.starcore.com
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Table 2: New claims acquired
In addition to the new claims staked, the Company is working on a new geological model of the El Creston deposit, with the primary purpose of assessing the potential for a copper porphyry orebody at depth.
Readers are encouraged to visit our website at www.starcore.com for location photos, diagrams and plans of the geologic models and targets.
Starcore plans to continue exploration work on the newly acquired precious metals claims in addition to further defining the potential of the El Creston deposit. For future clarifications, the Company will define both claims as the Opodepe Project.
Qualified Person
Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Signed “Robert Eadie” Robert Eadie, President & Chief Executive Officer
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FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE Investor Relations Telephone: (604) 602-4935 x 203 Toll Free: 1-866-602-4935 Email: eeadie@starcore.com
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this press release.