Madoro Metals Corp.

Madoro Metals Corp. is pleased to announce that it has formally filed with the Mexican Mines Department for three additional mining concessions abutting its Yautepec Project, in the State of Oaxaca, Mexico. "These new areas were identified through the systematic application of our exploration model," said David Jones, Exploration Manager and Director of Madoro. "Through carefully targeted exploration, Madoro has been [...]

Megastar Development Corp. is pleased to confirm the effective date for the name and symbol change, as announced on January 21, 2021. There have been no changes to the company's capital structure. Effective at the opening on Monday, March 29, 2021, the shares of the Company will commence trading on the TSX Venture Exchange under the name "Madoro Metals Corp.", and stock symbol "MDM". The Company has launched a new [...]

Megastar Development Corp. announces that its Board of Directors has approved a name change to Madoro Metals Corp., subject to approval from the TSX Venture Exchange. Management believes the new name better reflects the focus of the Company as a Mexican-centric explorer, pursuing opportunities around the Sierra Madre de Oaxaca for precious metals exploration. The Company is also pleased to announce that Brian Ostroff has [...]

Megastar Development Corp. announces the results of its 2020 Annual General Meeting of shareholders held on Wednesday, December 30, 2020. Shareholders approved all the resolutions detailed in the management information circular of the Company dated December 1, 2020, namely: Fixing the number of the Board of Directors at six and electing all of management's nominees, namely Dusan Berka, Robert Archer, Paul Smith, David [...]

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 [...]