21:27:57 EDT Mon 03 Oct 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Astra Exploration begins phase II drilling at Pampa

2022-06-29 17:46 ET - News Release

Mr. Brian Miller reports

ASTRA EXPLORATION COMMENCES PHASE II DRILLING AT ITS PAMPA PACIENCIA PROJECT IN CHILE

Astra Exploration Inc. has commenced phase II drilling at its Pampa Paciencia project located in Northern Chile.

The phase II drill program will consist of up to 5,000 metres of reverse-circulation drilling and will primarily focus on expanding mineralization at depth and along strike in the two defined mineralized shoots located in the Paciencia vein system. Secondary targets will consist of other vein structures discovered with phase I drill program and newly interpreted vein structures from other geophysical targets, in particular those west-northwest, east-west to east-northest-striking magnetic lineaments related with low magnetic regional anomalies.

Brian Miller, chief executive officer of Astra, commented: "This is an exciting time for Astra shareholders as we further drill-test the recently defined zones of high-grade mineralization and simultaneously look to expand the potential of the district by drilling other vein structures. Exploration to date demonstrates that the LSE (low-sulphidation epithermal) system at Pampa Paciencia is large with thick, continuous vein structures and positive drill results have the ability to add significant value to Astra's market cap."

About Pampa Paciencia

Pampa Paciencia is a 3,840-hectare road-access low-sulphidation epithermal gold-silver project located within an active mining district less than 15 kilometres from two major mines (Sierra Gorda and Spence) and five kilometres from the Faride LSE mine.

Astra has completed property wide mapping and sampling, geophysical surveys and localized trenching, and in doing so has defined a vein boulder field over approximately 75 per cent of the project area. The veins do not outcrop as the majority of the project area is covered by a thin layer of gravels and caliche but the vein float can be used to identify areas of high prospectivity.

Drill results from the phase I program completed earlier this year defined gold mineralization in the Paciencia vein system, which is a thick LSE vein structure averaging 10 to 15 metres thickness over a strike length of approximately 1.4 kilometres. Exploration results continue to indicate a large LSE system under thin cover, with two known zones of gold mineralization near surface which are open along strike and at depth (see May 2 and May 25, 2022, press releases).

About Astra Exploration Inc.

Astra Exploration is an exploration company based in Vancouver. Astra is engaged in the acquisition, exploration and development of epithermal gold-silver properties in Chile and is building a portfolio of high-quality projects. Astra's current focus is the development of the Pampa Paciencia project.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.