Starcore International Mines (TSX:SAM) is focusing on upcoming work at the San Juan Nepomuceno Project where the group’s Mexican strategy now core to operations over the near to medium.
Referred to as the Tortilla Project, this asset has mining activity dating from 1557 and is located 150km from Santiago de Queretaro.
CEO Robert Eadie says the company has achieved its corporate targets through recent announcements spanning July.
“The future is unfolding quickly with incredible potential,” Eadie says.
“The company is focused on its strategic targets and is meeting the mark with precision. We will follow through with patience and clarity to deliver on our promise to increase shareholder value.”
Operations were originally conducted under Spanish control until 1870, named the El Doctor Mine, before British company O.J. Braniff resumed activities in the late 1800s.
As reported by Mining.com.au recently (14 July), the company recently entered a non-binding letter of intent to lease the project for a 10 year period, covering six mineral claims and two properties.
Since involving itself with the mining lease, the company backed itself with carbon-in-leach processing to recover minerals from the San Martin mine, while also issuing shares in EU Gold Mining to holders of Starcore for its spinout in Ivory Coast, West Africa.
Write to Maddison Elliott at Mining.com.au
Images: Starcore International Mines
