Starcore International Mines Ltd’s (TSX: SAM) Board of Directors has approved a US$2 million exploration budget for its most prolific projects.
Firstly, Starcore has budgeted US$500,000 for El Creston, an advanced moly project located in Opodepe, Sonora Mexico, where Starcore will inject US$500,000 for studies to confirm the presence of a copper porphyry at depth.
The programme will include surveys, geophysical studies of magnetometry, and the development of new geological models from existing drillhole data.
Secondly, a budget of US$1 million has been allocated for the San Martin Mine concession with the following objectives:
a. To search for the extension of the San Martin Breccia in the southwest and eastern part of the mine
b. To confirm the geological potential of the north part of the concessions in the areas of Cerro Azul (North Area)
Lastly, the balance of the exploration budget of US$500,000 will be allocated towards new opportunities where Starcore has been invited to participate in potential joint ventures, such as the gold and silver project called California located in Durango, Mexico, a concession of 3, 211 hectares, which is part of the mineralisation trend of the San Dimas District.
For further information please visit: https://starcore.com/
