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Highlights
Starcore International Mines evaluates strategic options for El Creston molybdenum project
Project comprises multiple mineralised zones across a defined alteration trend
Asset was key part of acquisition from Creston Moly Corp and holds long-term exploration value
Precious metals and polymetallic exploration company Starcore International Mines (TSX:SAM) is assessing strategic alternatives for its molybdenum-focused El Creston Project in Mexico. The company, known for its gold and silver output from the San Martin mine, is now considering either a joint venture or sale of the El Creston property, a project acquired through the Creston Moly Corp transaction.
El Creston is located within the Basin and Range Province, a geologically rich region that spans northern Mexico and the southwestern United States. This zone is well-regarded for its hosting of porphyry copper and molybdenum systems, which include established producing operations and advanced exploration sites.
Exploration History and Key Mineralisation Zones
Starcore’s El Creston project hosts multiple defined mineralised zones. Historic mapping and subsurface imaging have identified a broad hydrothermal alteration corridor. This east-west trend spans several kilometres and encompasses known areas such as the El Creston Main Zone and Red Hill, which together define what is known as the Creston Deposit.
In addition to the primary deposit, the company’s geological teams have outlined additional zones — Alejandra, A-37, Red Hill West, Red Hill Deep, and West Copper — which are viewed as key areas of interest. These zones have shown indications of molybdenum, copper, and silver concentrations, making them relevant for future exploration or commercial development.
The majority of historic work has centred around resource delineation in the Creston Deposit, which achieved a completed Preliminary Economic Assessment prior to the project’s acquisition. This technical study positioned the asset as a cornerstone of the Creston Moly Corp portfolio at the time.
Leadership Hints at Asset Portfolio Changes
Company leadership has confirmed that the next twelve months may see movement around the project, with discussions underway around collaborative development or a full divestment. The El Creston site was the most advanced among three molybdenum assets added during the company’s expansion into base metals nearly a decade ago.
Starcore’s interest in restructuring or refocusing its asset portfolio aligns with broader efforts to refine its growth pipeline. The company continues to operate in multiple jurisdictions with a mix of producing and early-stage projects across Mexico, Canada, and West Africa.
Legacy Asset Holds Strategic Relevance
Since the acquisition, the El Creston asset has remained part of Starcore’s broader diversification strategy. While its current operational focus remains on precious metals, especially from its producing assets in Mexico, the company maintains flexibility around advancing base metals projects through partnerships or sale agreements.
