Business
Megastar acquires substantial land position in Gataga-Akie SEDEX zinc/lead/silver camp
Megastar acquires substantial land position in Gataga-Akie SEDEX zinc/lead/silver camp.
About this update from Madoro Metals Corp
[{"type":"text","content":"\n\n\n\n\nTSX-V: MDV\n\nVANCOUVER, Feb. 13 /CNW/ - Megastar Development Corp. (TSX-V: MDV) is\npleased to announce that it has entered into an option agreement to acquire\n100% interest in a total of 46 mineral claim units located in the Omineca\nMining Division, British Columbia, approximately 280 kilometres \nnorth-northwest of Mackenzie, B.C., Canada. These claims are situated in the\nemerging world class Gataga-Akie SEDEX zinc/lead/silver camp in the Omineca\nmining district of British Columbia, northeast of Williston Lake.\nThe claims under option cover 185 square kilometers and include\n5,630 meters of active zone in the favourable late Devonian Gunsteel shales\nthat host the recent new discovery by Mantle Resources Inc. (TSX-V:\nMTS)/Ecstall Mining Corp. (TSX-V: EAM) on Ecstall's Akie property. Several of\nthe Megastar's claim units are located in close proximity to the historical\nAkie deposit where recent drilling program by Mantle Resources discovered a\nsignificant new zone of thick, high-grade SEDEX-style zinc-lead mineralization\n- most recent drill hole results released over the past three months include\n17.93 m of 17.22% Zn (hole No. 1), 26.7 m of 11.95% Zn, 2.74% Pb (hole No. 2)\nand 19.2 m with 8.71% Zn, 1.83% Pb.\nThe Company's claims cover part of the highly prospective Gunsteel shale\nformation in the regionally extensive, world-class Kechika trough SEDEX zinc\nbasin of Northern British Columbia. The Kechika trough is geologically similar\nand comparable in size and economic potential, to the Red Dog basin of Alaska,\nwhere Teck-Cominco operates and controls the world's largest zinc/lead mine.\nThe two major Sedex zinc-lead deposits in the southern portion of the Kechika\ntrough are Ecstall's Akie and Teck-Cominco-Korea Zinc's Cirque, which lies\napproximately 18 kilometres north of Akie.\nThe newly acquired claims, dubbed the SEDEX Zinc Project, contain six\nknown mineral occurrences documented by the B.C. Geological Survey of which\nthe following four contain bedded barite as present on the Ecstall's Akie\ndiscovery. In addition, two have reported significant Zn and Pb values:\n\n 1. SIKA, AIKIE-SIKA - barite mineralization occurs at several\n localities and may have a possible strike length of 7 kilometres\n within the Road River Group turbidites and within the Upper\n Devonian shales of the Earn Group (G...