Astra Exploration Receives Drill Permit and Plans to Commence Drilling by April 1st at the La Manchuria Project, Deseado Massif, Argentina
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) ha ricevuto tutti i permessi necessari per avviare il suo primo programma di perforazione presso il Progetto La Manchuria nel Massiccio Deseado in Argentina. Il programma di perforazione di 2.500 metri, completamente finanziato, dovrebbe iniziare entro il 1° aprile 2025.
Il progetto mostra promettenti intercettazioni storiche ad alto grado, tra cui:
- 20,5 m con un grado di 10,4 g/t di oro e 810 g/t di argento
- 4,0 m con un grado di 26,3 g/t di oro e 3.156 g/t di argento
- 2,0 m con un grado di 52,6 g/t di oro e 3.274 g/t di argento
- 1,6 m con un grado di 257 g/t di oro e 4.237 g/t di argento
Il programma di perforazione mira a testare un nuovo modello geologico e ad espandere la mineralizzazione ad alto grado in aree precedentemente non perforate, sia lungo la vena che in parallelo a quelle conosciute. Il sistema si estende sotto una copertura superficiale a ovest e a sud nella Zona Principale, presentando un significativo potenziale di scoperta simile ad altri grandi depositi nella regione come Cerro Negro.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) ha recibido todos los permisos necesarios para iniciar su primer programa de perforación en el Proyecto La Manchuria en el Macizo Deseado de Argentina. Se espera que el programa de perforación de 2.500 metros, completamente financiado, comience antes del 1 de abril de 2025.
El proyecto muestra prometedoras intercepciones históricas de alta ley, incluyendo:
- 20,5 m con una ley de 10,4 g/t de oro y 810 g/t de plata
- 4,0 m con una ley de 26,3 g/t de oro y 3.156 g/t de plata
- 2,0 m con una ley de 52,6 g/t de oro y 3.274 g/t de plata
- 1,6 m con una ley de 257 g/t de oro y 4.237 g/t de plata
El programa de perforación tiene como objetivo probar un nuevo modelo geológico y expandir la mineralización de alta ley en áreas previamente no perforadas, tanto a lo largo de la veta como en paralelo a las conocidas. El sistema se extiende bajo una cobertura superficial hacia el oeste y el sur en la Zona Principal, presentando un significativo potencial de descubrimiento similar a otros grandes depósitos en la región como Cerro Negro.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF)는 아르헨티나의 데세아도 마시프에 있는 라 만추리아 프로젝트에서 첫 번째 시추 프로그램을 시작하기 위해 필요한 모든 허가를 받았습니다. 완전히 자금이 지원되는 2,500미터의 시추 프로그램은 2025년 4월 1일 이전에 시작될 것으로 예상됩니다.
이 프로젝트는 다음과 같은 유망한 역사적 고등급 인터셉트를 보여줍니다:
- 10.4 g/t 금과 810 g/t 은의 등급을 가진 20.5m
- 26.3 g/t 금과 3,156 g/t 은의 등급을 가진 4.0m
- 52.6 g/t 금과 3,274 g/t 은의 등급을 가진 2.0m
- 257 g/t 금과 4,237 g/t 은의 등급을 가진 1.6m
시추 프로그램은 새로운 지질 모델을 테스트하고 이전에 시추되지 않은 지역에서 고등급 광물화를 확장하는 것을 목표로 합니다. 이 시스템은 메인 존의 서쪽과 남쪽에서 얕은 덮개 아래로 확장되어 있으며, 세로 네그로와 같은 지역의 다른 대형 매장지와 유사한 중요한 발견 잠재력을 제공합니다.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) a reçu tous les permis nécessaires pour commencer son premier programme de forage au Projet La Manchuria dans le Massif Deseado en Argentine. Le programme de forage entièrement financé de 2 500 mètres devrait commencer d'ici le 1er avril 2025.
Le projet présente des intercepts historiques prometteurs de haute teneur, y compris:
- 20,5 m avec une teneur de 10,4 g/t d'or et 810 g/t d'argent
- 4,0 m avec une teneur de 26,3 g/t d'or et 3 156 g/t d'argent
- 2,0 m avec une teneur de 52,6 g/t d'or et 3 274 g/t d'argent
- 1,6 m avec une teneur de 257 g/t d'or et 4 237 g/t d'argent
Le programme de forage vise à tester un nouveau modèle géologique et à étendre la minéralisation de haute teneur dans des zones précédemment non forées, à la fois le long des veines et en parallèle avec celles connues. Le système s'étend sous une couverture superficielle vers l'ouest et le sud dans la Zone Principale, présentant un potentiel de découverte significatif similaire à d'autres grands gisements de la région comme Cerro Negro.
Astra Exploration (TSXV: ASTR) (OTCQB: ATEPF) hat alle erforderlichen Genehmigungen erhalten, um sein erstes Bohrprogramm im La Manchuria Projekt im Deseado Massif in Argentinien zu beginnen. Das vollständig finanzierte Bohrprogramm über 2.500 Meter soll bis zum 1. April 2025 starten.
Das Projekt zeigt vielversprechende historische Hochgradinterzeptoren, darunter:
- 20,5 m mit 10,4 g/t Gold und 810 g/t Silber
- 4,0 m mit 26,3 g/t Gold und 3.156 g/t Silber
- 2,0 m mit 52,6 g/t Gold und 3.274 g/t Silber
- 1,6 m mit 257 g/t Gold und 4.237 g/t Silber
Das Bohrprogramm zielt darauf ab, ein neues geologisches Modell zu testen und die Hochgradmineralisierung in zuvor unbohrten Bereichen sowohl entlang der Erzgänge als auch parallel zu bekannten Erzgängen zu erweitern. Das System erstreckt sich unter einer flachen Abdeckung nach Westen und Süden in der Hauptzone und bietet ein erhebliches Entdeckungs-potenzial, ähnlich wie bei anderen großen Lagerstätten in der Region wie Cerro Negro.
- Fully funded 2,500-metre drilling program
- Historical high-grade gold intercepts up to 257 g/t gold
- All required permits received for immediate drilling
- Similar geological characteristics to large regional deposits
- None.
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) (FSE: S3I) ("Astra" or the "Company"), is pleased to announce that it has received all required permits to commence its maiden drill program at the La Manchuria Project located in the Deseado Massif of Santa Cruz, Argentina.
The drilling permit was issued by the State Secretariat for Environmental Supervision and Control under the Ministry of Energy and Mining of the Province of Santa Cruz, Argentina.
Field crews were on site last week preparing for mobilization of the fully funded 2,500 metre drill program which the Company expects to commence by the first week in April.
Astra's CEO, Brian Miller commented:
"We are excited to get underway with our inaugural drill program at La Manchuria. This first program aims to test the new geological model and expand the high-grade mineralization into areas previously not drilled, both along strike and parallel to known veins. I believe Astra's business proposition has never been stronger with such an exciting target, a fully funded drilling program and tightly held share registry. Discovery success is the most rapid wealth creation phase of our industry, and we stand on that precipice with La Manchuria today."
The Company plans to provide additional news release updates in the coming weeks providing further details of the drill targets and geology.
Astra's in-country team led by Exploration Director, Diego Guido, who is a globally recognized low sulphidation epithermal (LSE) expert, believes the high-grade historic intercepts are open to expand at depth and along strike. These results include:
- 20.5m grading 10.4 grams per tonne (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
- 1.6m grading 257 g/t gold and 4,237 g/t silver
Reference: Updated Technical Report on The Mineral Resources of The La Manchuria Project, Santa Cruz Province, Argentina" with an effective date of February 28, 2019.
Shallow cover conceals the system to the west and south at the Main Zone and presents the opportunity to make a significant discovery. The extension of mineralization under cover is a common characteristic of the newest epithermal systems discovered in the Deseado Massif, including large deposits like Cerro Negro.
Qualified Person
The technical data and information as disclosed in this news release has been reviewed and approved by Darcy Marud, who is an Independent Director of Astra. Mr. Marud is a Practicing Member of the Association of Professional Geoscientists of Ontario and is a qualified person as defined under the terms of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About the Company
Astra Exploration Inc. is a precious metals exploration company based out of Vancouver, BC that is actively building a portfolio of high-quality projects in some of the most important mining jurisdictions in Latin America.
The La Manchuria gold-silver project in Santa Cruz, Argentina, over which Astra has an option to acquire
The
For further information please contact:
Brian Miller
Chief Executive Officer
Tel. 604.428.0939
Email: brian.miller@astra-exploration.com
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This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward- looking statements or information. These forward-looking statements or information may relate to the Company's business activities; exploration on the Company's properties; completion of the transactions contemplated by the Purchase Agreement; receipt of all required regulatory approvals; and marketing initiatives. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Such factors include, without limitation: development of the industry in which the Company operates; risks associated with the conduct of the Company's business activities; risks relating to reliance on the Company's management team and outside contractors; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; laws and regulations governing the industry in which the Company operates; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties; employee relations, labour unrest or unavailability; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and other risk factors disclosed in the Company's public disclosure documents available on the Company's profile at www.sedar.com. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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FAQ
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