Megastar Receives Exploration Program Update on its SEDEX Zinc-Lead-Silver Property in British Columbia

- July 14th, 2010

Megastar Development Corporation (TSX VENTURE:MDV)(FRANKFURT:M5Q) announced an update of exploration on its 100% owned SEDEX Zinc-Lead-Silver Property by the optionee and J/V partner Rio Grande Mining Corp. (TSX VENTURE:RGV).

Megastar Development Corporation (TSX VENTURE:MDV)(FRANKFURT:M5Q) announced an update of exploration on its 100% owned SEDEX Zinc-Lead-Silver Property by the optionee and J/V partner Rio Grande Mining Corp. (TSX VENTURE:RGV).

The press release is quoted as saying:

By expending $2 million on exploration, Rio Grande can earn up to a 60% interest in this property. Located approximately 420 km north-northwest of Prince George in North-eastern British Columbia, the Kwad South, New Quad, West Quad and Akie-Sika North claim blocks which are part of 11 segregated grouping of claims located within prolific Kechika basin, were subjected to an airborne magnetic survey conducted from March 23 to April 1 in 2010. The survey was flown by MPX Geophysics Ltd. of Markham, Ontario.

Click here to access the entire press release

Click here to access Megastar Development Corporate Site

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