Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Astra Exploration Inc ( (TSE:ASTR) ) just unveiled an update.
Astra Exploration reported strong initial assay results from the first six diamond drill holes of its Phase II program at the La Manchuria gold and silver project in Argentina, including standout intercepts of 1,286 g/t silver and 9.0 g/t gold over 3.1 metres in hole LMD-121 and 16.4 g/t gold and 81 g/t silver over 1.4 metres in hole LMD-118. The company says the drilling confirms high-grade mineralization in the northwest extension of the West Feeder Zone and, notably, identifies high-grade veins within andesitic sills that were previously considered barren, expanding the potential host rocks and underscoring that the system remains open along strike, at depth and across new structures, with assays pending for 19 more holes and additional drilling and geophysical work planned for 2026.
The latest results indicate that La Manchuria’s mineralized footprint is growing beyond earlier interpretations, as all six reported holes intersected significant gold and or silver intervals at shallow to moderate depths. By demonstrating both the fertility of the system and new high-grade targets in previously overlooked rock units, Astra strengthens the case for a larger high-grade resource potential on the property, while the fully funded continuation of Phase II drilling and upcoming geophysical surveys aim to refine targets and support further resource growth for stakeholders.
More about Astra Exploration Inc
Astra Exploration Inc. is a mineral exploration company focused on gold and silver projects, with its flagship La Manchuria project located in Santa Cruz, Argentina. Listed on the TSX-V, OTCQB and FSE, the company targets high-grade precious metal systems with near-surface potential that can be expanded along strike and at depth.
Average Trading Volume: 189,816
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$57.88M
See more insights into ASTR stock on TipRanks’ Stock Analysis page.