Megastar Samples 308g Silver and 1.07g Gold Along 530-Meter Vein System at Yautepec
MEGASTAR DEVELOPMENT CORP.
#1450 - 789 W. Pender Street, Vancouver, BC, Canada V6C 1H2
Tel.: (604) 681-1568, Fax: (604) 681-8240
Toll Free: 1-877-377-6222
www.megastardevelopment.com
TSX-V: MDV Frankfurt: M5QN
Megastar Samples 308g Silver and 1.07g Gold Along 530-Meter Vein System at Yautepec
• New mining claim on open ground added to cover highly prospective geology
• Multiple outlying targets have seen only preliminary work
• Property lies within the known Oaxaca Au-Ag epithermal belt
Vancouver, BC, Canada, August 22, 2019 – Megastar Development Corp. (“Megastar”, or the “Company”) (TSX-
V: MDV; Frankfurt: M5QN), an early stage mineral exploration company focused on its properties in Oaxaca,
Mexico, is pleased to announce recently received sample results from a second period of reconnaissance
fieldwork at its Yautepec Project in Oaxaca state, Mexico.
A total of 162 samples were taken of prospective rock types, with a focus on high potential areas identified
during the first period of work as discussed in a prior news release dated July 16, 2019. Significant new results
include:
Yautepec Project: Significant 2nd period sample results (ALS Labs)
Element Maximum
value
Lithology of highest value Samples with
Significant values
Precious
metals
Ag 308 grams Quartz vein bounding silica sinter complex 11 > 10 grams
Au 1.07 grams Quartz vein bounding silica sinter complex 11 > 0.20 grams
Base
metals
Cu 99 ppm Sinter complex: silica-carbonate 12 > 50 ppm
Pb 464 ppm Quartz vein – brecciated 17 > 100 ppm
Zn 548 ppm Quartz vein bounding silica sinter complex 14 > 100 ppm
Mo 102 ppm Quartz vein – brecciated 3 > 50 ppm
Pathfinder
elements
As 9.26 % Felsic intrusion - brecciated 18 > 1000 ppm
Ba 3780 ppm Hydrothermal breccia 17 > 1000 ppm
Hg 29.5 ppm Sinter: silica – carbonate 18 > 1 ppm
Sb 307 ppm Sinter complex: breccia 8 > 100 ppm
Se 16.7 ppm Felsic intrusion - brecciated 30 > 2 ppm
Te 5.27 ppm Quartz vein bounding silica sinter complex 19 > 0.20 ppm
Tl 3.35 ppm Sinter complex: silica 10 > 1 ppm
David M. Jones, exploration manager and director of Megastar, says: “Our second round of sampling at
Yautepec has not only confirmed our first round of results but surpassed them, yielding silver values up to 308
grams and gold values to 1.07 grams in an historically undocumented quartz vein system of impressive length
with structural widths up to 7 meters, based on surface mapping to date. In tandem with the adjacent
mineralized hot springs complex (sinter), we have generated a series of high priority drill targets after only two
periods of fieldwork. This is a remarkable accomplishment for our small and highly motivated team, all of whom
have had significant exploration discoveries in their careers. The targets identified to date represent a small
portion of the greater Yautepec project; multiple outlying exploration targets await further work which could
potentially yield similar encouraging results.”
The majority of new samples were collected from a quartz vein system exposed along a 530-meter northwest-
southeast trend, and as well from an immediately adjacent fossil hot springs system (sinter), developed along
the same trend for 770 meters with widths up to 215 meters (~95,000 square meters minimum surface area).
These and prior results show that both the quartz vein system and sinter complex are mineralized and are
logically genetically related. The presence of sinter indicates that the full vertical extent of potential bonanza
style epithermal mineralization is conserved at depth, this inferred from the fact that most known systems of
this style are not well mineralized within 150 meters of documented ‘paleo’ surfaces (Sillitoe, 2015*). The
northwest-southeast structural trend of the quartz vein and sinter complex is similar to that of nearby producing
mines on the Oaxaca epithermal Au-Ag belt, such as Gold Resource Corp’s [NYSE: GORO] Arista-Switchback
mine, and Fortuna Silver Mines’ [TSX: FVI] San Jose mine.
*Sillitoe, R.H., Epithermal Paleosurfaces: Miner Deposita (2015) 50: 767-793
A new mining claim was recently filed on open ground based on highly prospective geology discovered during
the first period of work at Yautepec. Previously noted outlying target areas have yet to receive follow up
mapping and sampling, but remain a priority for further evaluation.
Company President & CEO, Dusan Berka added: “We are all very pleased and excited with what we have been
able to demonstrate to date. Success of this nature, so early into a program, is rare. Megastar will continue to
aggressively advance the work on its Oaxaca assets, and opportunistically add properties as we have done here.
With precious metal prices firming and interest coming back to the sector, we believe Megastar’s advancements
will be of interest to our shareholders and investors in general.”
The technical content of this news release has been reviewed and approved by Robert Johansing, M.Sc.,
Economic Geologist, and a Qualified Person pursuant to National Instrument 43-101.
ABOUT MEGASTAR DEVELOPMENT CORP.
Megastar Development Corp. is an emerging resource company engaged in the evaluation, acquisition and
exploration of mineral properties in Canada and Mexico. Megastar has an Option to acquire 100% interest in
three epithermal Au-Ag mineral properties in Oaxaca, Mexico. Megastar also owns 100% interest in Ralleau
mineral property in Urban Barry District, Lebel-Sur-Quévilion area of Quebec, currently under 50% Option to
DeepRock Minerals Exploration Inc. For further information, investors and shareholders are invited to visit the
Company’s website at www.megastardevelopment.com or call the office at 604-681-1568, or toll free at 1-877-
377-6222.
ON BEHALF OF THE BOARD OF DIRECTORS
”DUSAN BERKA”
Dusan Berka, P. Eng.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements:
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be
identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Compa ny cautions
readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business
prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those ind icated in the
forward-looking statements.