Welcome to our dedicated page for ASTRA EXPLORATION news (Ticker: ATEPF), a resource for investors and traders seeking the latest updates and insights on ASTRA EXPLORATION stock.
Astra Exploration Inc. (ATEPF) is an exploration company based in Vancouver, BC, focused on acquiring, exploring, and developing epithermal gold-silver properties in Chile. The company's operations include the definition of a drill-ready copper porphyry target, advancement of Environmental Impact Assessment for gold-silver targets, and studies confirming epithermal boiling zones. Astra has identified a new copper porphyry drill target at Dominador and quality gold-silver epithermal targets at Pampa Paciencia, positioning itself as a key player in the significant porphyry copper district in Chile.
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.
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.
FAQ
What is the current stock price of ASTRA EXPLORATION (ATEPF)?
What is the market cap of ASTRA EXPLORATION (ATEPF)?
What is Astra Exploration Inc. focused on?
What are some highlights of Astra's recent achievements?
What are the key projects of Astra Exploration Inc.?
Who is the CEO of Astra Exploration Inc.?
Where is Astra Exploration Inc. based?
What type of minerals does Astra Exploration Inc. focus on?
