Madoro Metals Corp.

Megastar Development Corp. 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 [...]

Megastar Development Corp. announces that it has amended the option agreements whereby the Company may acquire a 100% undivided interest in the Rama de Oro, Magdalena and Yautepec projects, located in the state of Oaxaca, Mexico, by extending the due dates for the exploration expenditures on each Project. The Rama de Oro expenditure commitment of US $350,000 was extended from May 9, 2020 to May 9, 2022 and the Magdalena [...]

Megastar Development Corp. is pleased to announce that it has closed a non-brokered private placement financing in the amount of $926,800. Under the terms of the Placement, Megastar has issued 11,585,000 units at a price of $0.08 per unit. Each Unit comprises one common share in the capital of the Company and one-half of one non-transferable share purchase warrant. Each whole warrant will allow the holder to purchase an [...]

Megastar Development Corp. wishes to report that it has amended the option agreement dated April 5, 2017 with DeepRock Minerals Inc. whereas DeepRock may purchase a 50% interest in Megastar's wholly-owned Ralleau Property in Quebec. The parties have extended the due date on the final cash payment from April 5, 2020 to December 31, 2020. In consideration of the extension, DeepRock has agreed to issue Megastar an additional [...]

Megastar Development Corp. is pleased to report that the first exploration results from preliminary work at its Magdalena Project have identified characteristics of a significant epithermal system including gold mineralization locally exceeding 3.00 grams per tonne. The Project lies in the central portion of the Oaxaca Au-Ag polymetallic epithermal belt in the Sierra Madre del Sur, Mexico, 20 kilometers east-northeast of [...]

Megastar Development Corp. is pleased to announce that it has entered into an option agreement with Gunpoint Exploration Ltd. and Gunpoint's subsidiary, Minera CJ Gold, whereas the Megastar, through its wholly-owned subsidiary, Minera Mazateca, may acquire a 100% interest in the Cerro Minas mineral concession having a surface area of 899 hectares, located in the state of Oaxaca, Mexico . "Given the extremely exciting [...]

Megastar Development Corp. an early stage mineral exploration company focused on its properties in Oaxaca, is pleased to announce recently received sample results from a second period of reconnaissance fieldwork at its Yautepec Project in Oaxaca state. 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 [...]

Megastar Development Corp. an early stage mineral exploration company focused on its properties in Oaxaca, is pleased to announce that Robert Archer has joined its Board of Directors. Mr. Archer has more than 35 years' experience in the mining industry, working throughout North and South America. After having spent 15 years with major mining companies, Mr. Archer moved to the junior mining sector where he held several [...]

Megastar Development Corp. an early stage mineral exploration company focused on its recently optioned properties in Oaxaca, Mexico, is pleased to announce that it has closed on a financing in the amount of $672,600 by way of non-brokered private placement. Under the terms of the placement, Megastar has issued 11,210,000 units at a price of $0.06 per unit. Each unit is comprised of one common share of the Company and one [...]

Vancouver, BC - Megastar Development Corp. is pleased to announce that further to signing the three option agreements to acquire a 100% undivided interest in the Rama de Oro, Magdalena and Yautepec projects , located in the state of Oaxaca, Mexico , the Company has proceeded with the closing of these transactions with the owner of the Projects, Minera Zalamera S.A. de C.V. . As such, as contemplated by the Option [...]