We are a growth-oriented producing mining company focused on continued mineral production and development at our San Martin Mine in Mexico, while aiming to identify, acquire, and develop additional high-quality gold and silver properties. Starcore has worked diligently to become a leader in the Mexican mining industry, and intends to remain a leader by combining an unwavering commitment to social and environmental stewardship with a proven mineral production and exploration model. With significant land holdings, totaling 12,992 hectares, San Martin maintains strong operating reserves in addition to providing excellent exploration potential.
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North Arrow Minerals Corporate Overview - May24, 2017narminerals
An overview of North Arrow Minerals' projects with a focus on the 100% owned Naujaat Project and Mel Diamond Projects. Other active projects touched upon include the Lac de Gras and Loki Projects in the Lac de Gras region, the Pikoo Project in SK, and the Hope Bay Oro Gold Project, on strike from the Doris Mine in NU.
North Arrow Minerals Corporate Overview - May24, 2017narminerals
An overview of North Arrow Minerals' projects with a focus on the 100% owned Naujaat Project and Mel Diamond Projects. Other active projects touched upon include the Lac de Gras and Loki Projects in the Lac de Gras region, the Pikoo Project in SK, and the Hope Bay Oro Gold Project, on strike from the Doris Mine in NU.
2. Disclaimer
The data contained herein is provided for information purposes only. Certain information has been compiled from sources
believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities.
Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause
actual results to differ materially. Such forward-looking statements include among other things, comments regarding mining and
milling operations, mineral resource statements and exploration program performance. They may also include statements with
respect to the Company's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should",
"will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases
are intended to identify forward-looking information.
Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and
political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or
processing problems, exploration programs and future results of exploration programs, future profitability and production, the
ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with
exploration activities, and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims
any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or
otherwise. The reader agrees to hold the Company and its subsidiaries, and their respective officers, employees and agents
harmless against any claims for damages or cost or any loss of any kind arising out of the access to or use of this presentation or
any information contained in or obtained through this presentation.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use
the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize
them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal
feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies.
United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be
converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral
Resource exists, or is economically or legally mineable.
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3. • We are growth-oriented
producing mining company
focused on the development of
the San Martin mine.
• Our goal is to increase
shareholder value and impact
the Mexican mining community
through strategic exploration
and sustainable business plans.
• The San Martin mine has been
successfully replacing reserves
for the past 20 years.
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StarcoreInternational
MinesLtd.
4. San Martin Mine
• The San Martin gold and silver mine
was acquired by Starcore in 2007
from Goldcorp (Mexico) for $26
million.
• It is located 50km east of
Queretaro City in the State of
Queretaro or 250km northwest of
Mexico City.
• 100% owned land package
contains 12,992 hectares
equivalent to 10km by 13km.
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5. Querétaro and San Martin
5
San Martin Project.
Queretaro Int. Airport.
Mexico City.
6. Three-Pillar Philosophy
In order to align our principles with actionable business approaches,
Starcore has identified three pillars which act as a cornerstone to how
we conduct business.
• Sustainability – In our community, our environment and our business
practices.
• Profitability – Cash flow growth and strengthening the balance sheet.
• Operational efficiency – Maintaining a strategic edge by allocating
capital effectively and efficiently.
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7. Corporate Social Responsibility
“Because we believe that we have a
responsibility beyond our commitment to
our shareholders, we are dedicated to
enriching the lives of the people of the
communities in which we operate.”
- Robert Eadie, C.E.O., President and
Director
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8. In the Community
Community Involvement Activities:
• Roofing of elementary school’s
bleacher, and maintenance of
the elementary school’s
frontage.
• Celebration of World Earth Day,
and Annual Summer Camp for
San Martin Community’s
Children - 90% of the children in
the summer camp are part of
miners’ families.
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9. Charity Day 2013 - Mexico
• Held charity event to provide
hospice with food and supplies
for children who have
undergone major surgery .
• Part of ‘post operation’ care
and support the community
that provides medical services
to people coming from the
poorest states such as
Guerrero, Oaxaca and
Michoacan
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11. Reforestation Plan:
• 90 trees were planted by
children of Starcore
employees.
• Nursery for plants of the region -
10,000 plants per year.
• Presa de Jales – We plant an
estimated 7,500 plants per year
from May to July on top of dry
tailings.
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Environmental Sensitivity
13. San Martin Deposit
• Mining began in 1993 at 300
tpd and current production
averages 842 tpd with a
capacity of 900 tpd.
• The mine has been
continuously producing for 20
years.
• The deposit is described as an
epithermal, probably low-sulphidation
precious metal
(Ag-Au) type within carbonate
hosted rocks.
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15. Fiscal Year Production 2014
• Production totalled 24,037 AuEq
Oz from 308,610 tonnes milled
averaging 2.55 g/t gold and 24.2
g/t silver
• Gold grade improved 8.5%
• Gold recovery improved 10.4%
• Production overall comparing to
the 2012-2013 fiscal year was 18%
higher
• Historic Production (1994 to July
31st 2013) of 550,000 oz. Au Eq.
from over 5 million tonnes.
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16. Replacing and Increasing
Reserves
• New Resource estimates increased 8% in tonnes and 12% in
Equivalent Gold Ounce all while mining 307,000 tonnes.
• The mine development team are replacing more than what they
mine on a year-to-year basis.
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17. Profitability
• For nine months ended April 30,
2014, the company reported
earnings from mining operations
of $7.4 million and net earnings
of $5.1 million*.
• This represents $0.03 income per
basic share**.
• Current cash and investments
approximately $10 million.***
***Please refer to the financial report for period ending April 30,
2014
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18. Operational Efficiency
The San Martin deposit is blessed
with some advantages that enable
it to profitably operate at grades
that other deposits could not:
• Location: Near to a large city
and tourist town providing a
safe transit corridor for
employees, contractors and
supply chain management.
• Low Training Costs: Central
Mexico has a history of mining
so, Starcore has access to
knowledgeable workers.
• Host Rock: The limestone of
San Martin is very soft; as a
result, enables very low drill and
steel costs of drilling, as well as
rapid blast cycles.
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19. Operational Efficiency
RESULTS FOR NINE MONTHS ENDED APRIL 30, 2014*:
• Cash costs were $833 USD per AuEq Oz.
• All-in sustaining costs, which includes sustaining capital expenditures,
exploration, reclamation, and corporate and administrative cost were
$1,066 USD.
• Ore grade for the quarter to 2.34 g/t and 22.9 g/t for gold and silver.
• Recovery averaged 86.3% and 51.4% for Au and Ag, respectively.
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*Please refer to the press release dated June 12, 2014*
20. Mine Development
• San Martin currently owns and
operates three diamond drill
rigs, that drill roughly 10,000m
annually.
• The Guadalupe Vein was
discovered in 2008.
Guadalupe is a parallel vein
structure to the San Martin
breccias.
• The SAM vein was discovered
in late 2009, in the 29 area.
• The San Martin footwall zone
was discovered in 2012, and
continues to be explored and
exploited.
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21. EXPLORATION
THE NEW FRONTIER
• We have gained increasing knowledge of the San Martin mineral
system.
• The San Martin mine occupies less than 8% of owned property -
virtually unexplored, since acquisition.
• The indicated mineral trend to the north/northwest remains open for
a potential 7kms further on our claims.
• There is potential for a parallel structure to the east.
• Deposit is open at depth – to date, geological experts have not
determined a depth limit for mineralization.
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28. TSX:SAM VFK:V4J
"Paying off the debt in an environment marked by economic strains, and
severe market deterioration is a tremendous achievement. What we have
accomplished is the sum of everyone's efforts, from our Board of Directors
and management, to our technical advisors and all of our employees at
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head office and the mine site.”