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Megastar Development Furthers Work on Its Epithermal Au-Ag Projects in Oaxaca, Mexico
VANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Megastar Development Corp. (" Megastar "...
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[{"type":"text","content":"Megastar Development Furthers Work on Its Epithermal Au-Ag Projects in Oaxaca, MexicoVANCOUVER, BC / ACCESSWIRE / September 30, 2020 / Megastar Development Corp. (\"Megastar\", or the \"Company\") (TSXV:MDV)(Frankfurt:M5QN)(OTC PINK:MSTXF) is pleased to report that after limited access to its properties as a result of the Covid-19 pandemic, its geologic team is back on the ground in Oaxaca following up on its encouraging initial exploration work since the reopening of the region. As well, the team is exploring additional prospective areas in the proximity on trend with the Company's existing projects in the Oaxaca epithermal Au-Ag belt. Preliminary work has revealed new areas of interest with favorable geologic features similar to those seen at its principal projects and at producing mines along the trend. Geochemical samples from these new areas have been collected and sent off for analysis.\"Our expansion into new areas has yielded several highly prospective geologic finds consistent with those seen in producing mine regions elsewhere along the emerging Au-Ag mineral belt,\" said David Jones, Exploration Manager and Director of Megastar. \"The systematic application of our exploration model continues to expand target areas within our existing projects and has guided us to previously unrecognized mineral districts with additional exploration potential.\"In tandem with community re-engagement at the Yautepec and Magdalena projects, Megastar has taken the opportunity to expand ongoing exploration work to the southern portion of its Yautepec project. Based on the Company's caldera structural model, and supported by previously announced results, Megastar had speculated on a potential southern extension to the known epithermal system. Recent start-up field work has proven this concept correct with the discovery of highly prospective ferruginous (iron-rich) carbonate sinters and fault-controlled quartz veining and breccias in discontinuous erosional windows under post-mineral volcanic rocks over areas of several hundreds of meters. Similar to the principal Yautepec sinter-vein complex (see prior NR's dated July 16, 2019 and August 22, 2019), these new areas represent the uppermost levels of a strong epithermal system with the potential for bonanza Au-Ag polymetallic grades fully preserved at depth. These finds add to the already cons...