Welcome to our dedicated page for Astra Exploratio news (Ticker: ATEPF), a resource for investors and traders seeking the latest updates and insights on Astra Exploratio stock.
Astra Exploration Inc. (OTCQB: ATEPF) generates frequent news updates as it advances its precious metals exploration portfolio in Latin America. Company releases focus heavily on drilling and geological work at the La Manchuria gold-silver project in Santa Cruz, Argentina, along with updates on its 100% owned Pampa Paciencia and Cerro Bayo projects in northern Chile.
Recent news has highlighted Phase I and Phase II diamond drill programs at La Manchuria, including reports of high-grade gold and silver intercepts, extensions of the Main Zone and West Feeder veins, and the identification of additional zones such as the Eastern Zone and the Road Zone. Astra also reports on the development and use of a 3-D geophysical model, reprocessed resistivity data, and detailed mapping and sampling campaigns designed to refine its geological interpretation.
Investors following ATEPF news can expect updates on drill progress, assay results, and interpretations of vein continuity and mineralization trends. Corporate communications have also covered financing events, such as warrant exercises and private placements, that support exploration programs, as well as investor outreach through webinars, virtual conferences, and roadshows.
This news feed offers a centralized view of Astra’s exploration activities, technical milestones, and corporate developments. Readers interested in the evolution of the La Manchuria project and Astra’s broader gold-silver exploration strategy in Argentina and Chile may find it useful to review these updates regularly and compare successive drill and mapping results over time.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) has received all required permits to begin its maiden drill program at the La Manchuria Project in Argentina's Deseado Massif. The fully funded 2,500-metre drilling program is expected to commence by April 1st, 2025.
The project shows promising historical high-grade intercepts, including:
- 20.5m grading 10.4 g/t gold and 810 g/t silver
- 4.0m grading 26.3 g/t gold and 3,156 g/t silver
- 2.0m grading 52.6 g/t gold and 3,274 g/t silver
- 1.6m grading 257 g/t gold and 4,237 g/t silver
The drilling program aims to test a new geological model and expand high-grade mineralization in previously undrilled areas, both along strike and parallel to known veins. The system extends under shallow cover to the west and south at the Main Zone, presenting significant discovery potential similar to other large deposits in the region like Cerro Negro.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) has announced its participation in two major mining industry events in Toronto. The company will exhibit at the Metals Investor Forum from February 28 to March 1, 2025, where CEO Brian Miller will present at Jeff Clark's panel on March 1st at 12:20pm.
Additionally, Astra will participate in PDAC 2025 from March 2-5 at the Metro Toronto Convention Centre. The company will maintain presence at the Investors Exchange (Booth #2310) and Core Shack (Booth #3104A). Exploration Director Diego Guido will showcase high-grade gold and silver drill core samples from the La Manchuria Project in Argentina, where a fully-funded drill program is scheduled to begin next month.
PDAC, established in 1932, is now the world's premier mineral industry event, featuring over 1,100 exhibitors and 700 presenters, attracting approximately 27,000 attendees from more than 135 countries.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) has completed preparations for its March drill program at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina. The company conducted a 120 linear km detailed ground magnetic survey with surface mapping in January to finalize drill targets for the upcoming fully-funded 2,500-metre program.
Historic intercepts at the site have shown significant potential, including 20.5m grading 10.4 g/t gold and 810 g/t silver, 4.0m grading 26.3 g/t gold and 3,156 g/t silver, and 2.0m grading 52.6 g/t gold and 3,274 g/t silver. The company believes these high-grade zones represent the hydrothermal plumbing system and remain open for expansion.
The company has submitted an updated environmental impact report (IIA) and expects to receive its drill permit in February 2025. Additionally, Astra reminds shareholders of in-the-money warrants expiring on February 28, 2025, and announces its participation in upcoming industry conferences.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) held its Annual General Meeting on December 12, 2024, with 40.02% of shareholders participating, representing 33,656,970 of the total 84,091,108 issued shares. All presented matters were approved by shareholders.
The company also announced the issuance of 5,785,000 stock options to directors, officers, and consultants at a strike price of $0.13 per share. These options will expire on December 23, 2029, with a vesting schedule of one-third immediately, one-third after 18 months, and the final third after 36 months.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) has announced updates regarding its upcoming Annual General Meeting scheduled for December 12, 2024, at 10am Pacific Time. Due to the ongoing Canada Post strike, many shareholders have not received AGM meeting materials. The company has made all AGM materials, including proxy voting forms, available on their website.
Shareholders must submit signed proxy forms by December 10th at 10am Pacific Time. Online voting is available through Odyssey Trust. The announcement complies with CSA's Blanket Order 51-931, which provides temporary relief from proxy-related materials delivery requirements for annual meetings.
Michael Gentile has acquired 7,416,667 units of Astra Exploration Inc. through a private placement. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of one common share at $0.10 for one year. Following this acquisition, Gentile now owns 14,216,667 common shares and 4,708,333 warrants, increasing his ownership to 16.91% undiluted and 21.31% on a partially diluted basis. The warrants include provisions preventing ownership from exceeding 19.99% of total shares. Gentile indicates a long-term investment perspective with potential for future acquisitions or dispositions based on market conditions.
Astra Exploration has confirmed its decision to proceed with the option agreement for the Manchuria epithermal gold-silver Project in Santa Cruz, Argentina, following approvals from the royalty holder and provincial authorities. The agreement, dated July 8, 2024, grants Astra the exclusive option to acquire up to 90% interest in the project from Patagonia Gold Corp. Located in the Deseado Massif region, the project shows potential for a high-grade, multi-million-ounce precious metals deposit based on ongoing data review and drill core re-logging.
Astra Exploration announced a binding agreement to acquire up to a 90% interest in Patagonia Gold's Manchuria epithermal gold-silver project in Santa Cruz, Argentina. The project spans 5,600 hectares in the prolific Deseado Massif, known for its high-grade epithermal precious metal deposits. The site has historical drilling data showing bonanza-grade intersections and an existing resource of 53,900 indicated and 92,400 inferred gold equivalent ounces. Astra plans to invest up to USD $3M over four years with an option to extend, aiming to leverage the project's high-grade feeder zones and expand its resource base. The agreement includes detailed earn-in terms, with Astra having a 45-day due diligence period before finalizing the deal.
Astra Exploration (TSXV: ASTR, OTCQB: ATEPF) announced its participation in the 9th Current Trends in Mining Finance Conference hosted by the Society for Mining, Metallurgy and Exploration (SME) in New York from May 20-22, 2024. The conference will address key issues in sourcing, funding, and mining critical, strategic, industrial, and precious metals amid the industry's transition towards sustainable energy and electric vehicles. Brian Miller, Astra's CEO, will be a panelist discussing the challenges of bringing critical metals and minerals to market.
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