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Astra Exploration Inc ( (TSE:ASTR) ) has provided an announcement.
Astra Exploration reported a significant new discovery at its La Manchuria gold and silver project in Argentina, highlighted by a 6.3-metre intercept grading 837 g/t silver and 3.32 g/t gold in the Basalto Zone, including metre-scale intervals exceeding 1,000 g/t silver. The results show multiple mineralized zones across seven new drill holes, with high-grade mineralization near surface in a previously underexplored parallel vein system that materially expands the known vein field.
Management noted that structural data suggests the West, Central and East feeder zones within the Main Zone may converge at depth, reinforcing the potential for high-grade feeder systems that underpin the larger bulk disseminated resource. With assays still pending for 12 holes and funding in place for a further 5,000 metres of drilling supported by new geophysical surveys, Astra is poised to continue expanding the project’s footprint and refine targets that could enhance the project’s economic profile.
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 the Santa Cruz province of Argentina. The company targets low-sulphidation epithermal systems and is advancing bulk-tonnage disseminated deposits with potential high-grade feeder structures at relatively shallow depths.
Average Trading Volume: 185,655
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$65.53M
Find detailed analytics on ASTR stock on TipRanks’ Stock Analysis page.