VANCOUVER, BRITISH COLUMBIA, Feb 29, 2016 (Marketwired via COMTEX) — Starcore International Mines Ltd. (SAM) ("Starcore" or the "Company") announces that its Altiplano Plant located in Matehuala, Mexico, commenced commercial production as of February 15, 2016, pouring its first dore bar, weighing in at 21.131 kg.
"The Plant is open for business," said Robert Eadie, President of the Company. "This is a huge milestone for us in Mexico. With Altiplano's leaching process, we are able to offer the local miners more flexible financing options compared to what is currently being made available to them by smelters and international traders. We see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders."
The dore bar will be shipped to a refinery and the results will be forthcoming.
Located within a historic mining district in an area that is home to numerous medium-sized mining operations, the Altiplano Plant is a newly designed facility that has the best equipment and operations team to offer an accessible leaching process to miners and concentrate producers.
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. Starcore is a public reporting issuer on the TSX. Starcore is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. Starcore has interests in properties located in Mexico, Canada and the United States. For more information concerning Starcore, see documents filed under its profile on SEDAR, or visit its website atwww.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Robert Eadie, President & Chief Executive Officer
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT: Starcore International Mines Ltd. Evan Eadie Investor Relations (416) 640-1936 or Toll Free: 1-866-602-4935www.starcore.com
SOURCE: Starcore International Mines Ltd.