MDV Megastar Development Corp

Megastar Development Corp. ("Megastar" or the "Company") (TSX
VENTURE:MDV)(FRANKFURT:M5Q) is pleased to announce that it has received the
final technical report on its 12,400 hectare Ralleau Copper-Zinc Project (the
"Property") from MRB & Associates of Val-d'Or, Quebec (the "MRB"). The Property
is located in Quebec, approximately 50 kilometres east of the town of
Lebel-sur-Quevillon, and about halfway between Val D'Or and Chibougamau. It is
easily accessible via a network of logging roads leading from Highway 113. MRB's
43-101 compliant report recommends a $1.75M program consisting of target
delineation and definition followed by a diamond drill program.


The Ralleau property is underlain by felsic and mafic volcanic rocks, which
comprise part of the Abitibi Greenstone belt. Elsewhere, the Abitibi belt is a
major host for volcanogenic massive sulphide (VMS) copper-zinc deposits as well
as gold, Ni-Cu, or PGE mineralization. Breakwater Resources' Langlois
zinc-copper mine is located in similar rocks about 15 kilometres to the
northwest and Metanor Resources' Barry gold deposit is located about 30
kilometres to the southeast.


In 2010, MRB carried out a program of reconnaissance geological mapping and
prospecting to follow up on a number of VTEM anomalies identified in a
property-wide airborne survey in 2008. The recent fieldwork confirmed the
presence of the wide zone of felsic rocks known as the Novellet Rhyolite
extending along almost the total length of the property. Whole rock geochemistry
identified rock samples from the Ralleau property as tholeiitic to transitional
calc-alkaline, indicating an island arc setting favourable for the development
of VMS deposits. Potential for VMS deposits is further supported by trace
element geochemistry of the volcanic rocks, which shows a relationship between
Na and Ca depletion, K-enrichment and copper-zinc mineralization.


The 2010 program identified a number of areas warranting further work, as follows:



1.  The Lac Sheilann area where felsic volcanic rocks exhibiting VMS-style
    hydrothermal alteration were found to occur along with semi-massive
    sulphides, sometimes anomalous in copper, and where historic diamond
    drilling has indicated wide, copper-bearing zones at depth;
2.  The Centre Zone where a number of historical pits are reported to have
    contained significant copper and zinc values, and
3.  Several other poorly exposed locations on the property where wide zones
    of shearing, alteration and/or quartz veining, in places accompanied by
    anomalous concentrations of sulphides, have suggested potential for gold
    mineralization. 



MRB have recommended continued work to evaluate the VMS and gold potential of
the property, beginning with a $550,000 Phase One program of detailed geological
mapping, ground EM and magnetic surveys and trenching in selected areas. A Phase
Two program consisting of 7,500m of diamond drilling to test targets defined in
Phase One is budgeted at $1.2 million.


Martin Bourgoin, P. Geo., technical advisor of the company, is the NI 43-101
Qualified Person responsible for the technical content of this news release.


ABOUT MEGASTAR DEVELOPMENT CORP.

Megastar Development Corp. is an emerging resource company engaged in the
acquisition, exploration and development of mineral properties in Canada.
Megastar owns gold and base metal properties in Quebec and British Columbia. For
further information, investors and shareholders are invited to visit the
Company's website at www.megastardevelopment.com or call the office at
604-683-6648.


ON BEHALF OF THE BOARD OF DIRECTORS

Dusan Berka, P. Eng., President & CEO

Statements made in this news release that are not historical facts are
"forward-looking statements", and readers are cautioned that any such statements
are not guarantees of future performance, and that actual developments or
results, may vary materially from those in these "forward-looking" statements.

Megastar Development (TSXV:MDV)
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Megastar Development (TSXV:MDV)
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부터 6월(6) 2023 으로 6월(6) 2024