Astra Exploration Inc. issues updates on precious-metals exploration and public-company disclosures, with recurring developments tied to the La Manchuria Gold and Silver Project in Santa Cruz, Argentina. Coverage centers on drilling campaigns, gold and silver assay results, vein-system extensions, geophysical targeting and zone-level exploration at areas such as the Main Zone, East and West Feeder structures, Basalto Zone and Eastern Zone.
The company describes itself as building a portfolio of projects in Latin American mining jurisdictions and has disclosed an option to acquire a 90% interest in La Manchuria. Other recurring updates include capital-structure matters, governance items, operating and financial results, and participation in mining-sector investor events.
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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Astra Exploration Inc. has signed a definitive purchase agreement with Sociedad Quimica y Minera de Chile S.A. to acquire a 20% interest in the Pampa Paciencia project, located in Northern Chile. This acquisition will grant Astra full control, allowing it to own 100% of the property. The transaction involves issuing 1,455,208 common shares valued at $174,625 based on a closing price of $0.12 per share. The agreement is subject to TSX Venture Exchange approval, and the shares will have a four-month hold period.
Astra Exploration (OTCQB:ATEPF) has announced positive results from its Phase II drilling program at the Pampa Paciencia gold-silver project in Chile. The drilling, which included 3,976 metres across 15 holes, revealed an intersection of 9 metres averaging 4.5 g/t gold equivalent. The project is strategically located near major mines, enhancing its prospectivity. The drilling has confirmed three mineralized shoots, with significant depth potential, particularly in the Paciencia Oeste vein. These findings suggest a robust opportunity for further mineral discovery in the region.
Astra Exploration announced positive results from its Phase II drilling program at the Pampa Paciencia gold-silver project in Northern Chile. Highlights include PPRC-22-45, which intersected 4.5 g/t gold equivalent (AuEq) over 9.0 meters, and PPRC-22-49, with 3.17 g/t AuEq over 3.0 meters. The drilling confirmed the presence of a large, mineralized epithermal system and identified three high-grade mineralized shoots. The program encompassed 3,976 meters of drilling across 15 holes, with significant potential for further mineralization extending over two kilometers.
Astra Exploration (OTCQB:ATEPF) has completed its Phase II drilling program at the Pampa Paciencia gold-silver project in northern Chile, spanning 3,840 hectares. Located near major mines, this program involved 3,976 meters of drilling with all 15 holes intersecting quartz veins at target depths. Notably, the continuity of the Paciencia Vein System was confirmed, with a new vein, Tormenta, intersected. Share prices are currently trading at $0.20.
Astra Exploration Inc. (TSX-V: ASTR, OTCQB: ATEPF) has completed 3,976 meters of RC drilling at its Pampa Paciencia Project in Northern Chile. All 15 drill holes intersected quartz veins near target depths. The Phase II program has increased the vein strike length from 1.4 to 2.1 kilometers, confirming continuity at depths of up to 100 meters. Notably, the new Tormenta Vein was discovered during this phase, with significant intervals of 6 and 28 meters downhole. The drilling program was completed on time with an estimated cost of CAD$200 per meter.
Astra Exploration Inc. has announced promising drill results from its Pampa Paciencia gold-silver project in Chile, where the first 11 of 30 completed holes revealed significant mineralization. Highlights include 14.48 g/t gold and 39.7 g/t silver over 3 meters in hole PPRC-22-12. The project's exploration has demonstrated continuity of mineralization, with veins intercepted in 29 of 30 holes drilled. Completion costs for the program totaled approximately C$650,000, showcasing a cost-effective exploration strategy. Additional assay results from remaining drill holes are expected in May 2022.