Starcore (TSX: SAM) and KCA Begin Environmental Rehabilitation Project in El Oro, Mexico

2 min read | June 17, 2024 03:48 AM EDT | By Team Kalkine Media

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Starcore (TSX: SAM) and KCA Begin Environmental Rehabilitation Project in El Oro, Mexico — Image source: Company update

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Starcore International Mines Ltd. (TSX: SAM) continues its commitment to environmental stewardship with the commencement of drilling activities at the El Oro Mine Tailings in El Oro, Mexico. Together with Xali Gold Corporation and Kappes, Cassiday & Associates (KCA), Starcore aims to rehabilitate and reclaim this significant site, as announced in its recent update.

The El Oro Mine Tailings, located on land owned by the Municipality of El Oro and adjacent to developed areas, have long been recognized as an environmental risk. However, they also represent a valuable resource, containing approximately 1.27 million tonnes with a grade of 2.94 grams per tonne gold and 75.12 grams per tonne silver, as outlined in the 2014 43-101 Resource Study. These tailings, yielding a 3.85 grams per tonne gold equivalent, hold promise for substantial recovery.

KCA's preliminary work has shown promising results, achieving over 75% recovery of gold and silver from composite samples. Nevertheless, further investigation is crucial to validate the uniformity of mineralogy throughout the tailings. The ongoing drilling program aims to provide comprehensive samples for analysis, ensuring accurate assessment before proceeding with full-scale rehabilitation efforts.

The collaboration between Starcore, Xali Gold, and KCA underscores a shared commitment to sustainable development and environmental remediation. Through a Memorandum of Understanding (MOU), Starcore and KCA are poised to establish a joint venture, pending several conditions. These include KCA's acquisition of a 100% interest in Xali Gold's El Oro Tailings Project and satisfactory agreements with the municipality of El Oro.

Upon successful completion of these prerequisites, the MOU will transition into a formal Joint Venture (JV) agreement. Starcore will assume the role of operator within the JV, leveraging KCA's specialized expertise to oversee the environmental rehabilitation project effectively.

The remediation of the El Oro Mine Tailings not only mitigates environmental risks but also releases a substantial area of land for future development initiatives within El Oro, recognized as one of Mexico's esteemed "Pueblo Magico" locales. This initiative aligns with broader regional goals of sustainable growth and community enhancement, providing economic opportunities while safeguarding natural resources.

"We are excited to collaborate with KCA and Xali Gold on this transformative project," expressed a spokesperson from Starcore. "Our combined efforts aim not only to restore the environmental integrity of El Oro but also to create a positive impact on the community and regional development."

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