Starcore International Mines Announces Successful In-Plant Test Results for Carbonaceous Ore Treatment at San Martin Mine
Vancouver, British Columbia – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”), is thrilled to share the latest developments from its flagship San Martin mine and processing plant in Queretaro, Mexico. The company recently announced the successful completion of in-plant tests on the Carbon-in-Pulp (CIL) circuit, designed to treat carbonaceous ore.
What is Carbonaceous Ore, and Why is it Significant?
Carbonaceous ore, also known as refractory ore, is a type of mineral deposit that contains significant amounts of organic carbon. This carbon can interfere with the standard gold extraction process, making it more challenging and expensive to extract the precious metal. Starcore’s new CIL circuit is designed to address this issue and improve the overall efficiency and profitability of the San Martin mine.
Test Results and Next Steps
Starcore’s in-plant tests on the CIL circuit proved successful, achieving gold recoveries of 85-90% for the carbonaceous ore. These results are a promising sign that the new circuit will significantly improve the mine’s overall gold production. The Company plans to continue optimizing the circuit and aims to have the new process fully operational by the end of 2025.
Impact on Shareholders
The successful test results of Starcore’s CIL circuit could lead to increased investor confidence in the Company. With improved gold recovery rates and greater operational efficiency, Starcore’s profitability is expected to grow. This, in turn, could lead to potential share price appreciation.
Impact on the Mining Industry
The successful implementation of the CIL circuit at Starcore’s San Martin mine could set a precedent for other mining companies dealing with carbonaceous ore. The ability to effectively extract gold from such ore types could lead to increased production and profitability for the entire mining industry.
Conclusion
Starcore International Mines’ successful in-plant test results for the CIL circuit treating carbonaceous ore at its San Martin mine is an exciting development for the Company and the mining industry as a whole. With gold recoveries of 85-90%, Starcore is well on its way to improving operational efficiency and profitability. Shareholders stand to benefit from these improvements, while the mining industry could see a wave of innovation and growth as a result.
- Starcore International Mines Ltd. (TSX: SAM) has announced the successful completion of in-plant tests on the Carbon-in-Pulp (CIL) circuit at its flagship San Martin mine in Mexico.
- The CIL circuit is designed to treat carbonaceous ore, which can interfere with standard gold extraction processes and increase costs.
- The tests achieved gold recoveries of 85-90%, a significant improvement over previous methods.
- Starcore plans to optimize the circuit and aims to have it fully operational by the end of 2025.
- Successful implementation of the CIL circuit could lead to increased investor confidence in Starcore and potential share price appreciation.
- It could also set a precedent for other mining companies dealing with carbonaceous ore, leading to increased production and profitability for the industry.