Nearest CityOacaxa City, 10 km (Combined Population ~ 350,000)
InfrastructureGood road access, modest topography, skilled labor nearby
UtilitiesWater and power access
LabourExperienced Mexican geologists and local technical labor
OwnershipOption to acquire 100%
The Project is hosted by caldera-related Tertiary volcanic rocks (e.g. El Aguila model) crosscut by hydrothermal veining inferred to be related to late- stage granitic magmatism locally exposed as dikes and underlying the adjacent ‘Nueve Puntos’ mountain. Similar intrusions are associated with a 43-101 inferred resource of 49.8 MT containing 0.5% Cu, 0.04% Mo, 0.22% Zn and 12.9 g/t Ag at the Cobre Grande skarn system, which lies 6km to the East along the same structural trend. Several rock samples assayed from the project contained anomalous values of gold, silver, arsenic, mercury, and antimony, suggesting that the present-day surface represents high structural levels of a precious metal system.
Megastar has completed a technical report (the “Report”) on the Rama de Oro project prepared in accordance with the requirements of National Instrument 43-101 (“NI 43-101”). The Report recommends a 2-phase exploration program: The first phase consisting of detailed geological mapping, rock- and soil-geochemical sampling, and an induced polarization- resistivity survey to define drill targets. A second phase, consisting of a 6-hole, 3,600-metre diamond-drilling program.
Stephen R. Maynard, M.S., C.P.G. Consulting Geologist, a qualified person in accordance with NI 43- 101, has reviewed and accepted the technical information in this news release.