InvestmentPitch Media Video discusses Astra Exploration
VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) — Astra Exploration (TSXV:ASTR) has released results from the first 11 of 30 drill holes completed at the Pampa Paciencia gold-silver project in northern Chile. The flagship 3,840 hectare low sulphidation epithermal gold-silver project is located in an active mining district within 15 kilometers of two major mines, Sierra Gorda and Spence, and 5 kilometers from the Faride mine, in the Antofagasta region in northern Chile.
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For more information, please watch the InvestmentPitch Media video which provides additional information on this news and the company, along with video commentary from Brian Miller, CEO. The video can be viewed at “InvestmentPitch” and on “Youtube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Astra” in the search field.
Astra completed property scale mapping and sampling, geophysical surveys and localized trenching and in doing so defined a vein boulder field over approximately 75% of the project area. The veins do not outcrop because the majority of the project area is underlain by a thin layer of gravels and caliches, but the vein float can be used to identify areas of high prospectivity.
Reverse circulation drilling has commenced on the veins in the five kilometer long North Zone interpreted vein corridor. A total of 2,981 meters were completed in thirty holes between February and March 2022, which primarily focused on defining the strike and depth continuity of the Paciencia vein system.
Three holes tested veins at depth in the central zone and two holes tested geophysical targets in the north zone. The 11 holes reported today targeted the Paciencia vein in this corridor over a strike length of 400 metres. All holes intersected the vein, with several intercepting a sub-parallel wall flare.
Eleven historic holes had already been drilled on the property and Astra geologists continued with the numbering system, with hole PPRC-22-12 being the first of the current holes. The historical drill holes were widely spaced, leaving significant strike and dip length to extend the historical drill intersections into larger bodies of mineralization.
These first results strongly support this interpretation with holes PPRC-22-12, PPRC-22-13 and PPRC22-14 extending the mineralization to the east where it remains open laterally and at depth.
Highlights include hole PPRC-22-12 with 14.48 g/t Au and 39.7 g/t Ag over 3m downhole, in a wider zone of 2.71 g/t Au and 10 .8 g/t Ag over 21 m downhole. Hole PPRC-22-13 with 3.28 g/t Au and 58.3 g/t Ag over 6 m downhole in a wider zone of 1.6 g/t Au and 21.3 g/t Ag over 22 m background. Hole PPRC-22-14, with 4.09 g/t Au and 45.22 g/t Ag over 4 m downhole in a wider zone of 1.39 g/t Au and 17.1 g/t Ag over 17m depth. Drill tests for the remaining 18 holes are expected before the end of May.
The shares, which began trading on the TSX Venture Exchange on Jan. 26, are currently trading at $0.23. For more information, visit the company’s website www.astra-exploration.comcontact Brian Miller, CEO, at 208-830-0869 or email [email protected]
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