Astra Exploration has reported significant drilling results from its La Manchuria Project, including a high-grade intersection of 199.3 g/t gold and 228 g/t silver. The first drilling phase also confirmed both the complexity of the vein system and further mineralization at depth. Astra is planning a fully-funded Phase II drill program with a treasury of approximately $2 million to continue exploring and expanding the site.
Astra Exploration Inc., based in Vancouver, has revealed exciting new drilling results from its La Manchuria Project, located in Argentina’s Deseado Massif region. The company’s first drill program has yielded impressive assays, including a remarkable intersection of 199.3 grams per tonne (g/t) gold and 228 g/t silver over 0.6 meters in hole LM-107A. Astra’s CEO, Brian Miller, noted that these results indicate a significantly larger and more complex vein system than previously recognized.
The Phase I drill program included a total of 11 diamond drill holes, amounting to 2,468 meters of drilling. Reported results come from seven drill holes focusing on their southeastern and northwestern extensions of the Main Zone, as well as the Eastern Zone. Notably, drill hole LM-112 demonstrated a broad intercept of 4.0 meters grading 7.57 g/t gold and 0.5 g/t silver, underlining the promise this project holds for discovering substantial mineral resources.
Miller emphasized that the drilling affirmed the company’s geological model and suggested mineralization extends deeper as well as in several directions. In addition to the high-grade vein discovered in LM-107A, significant gold and silver grades were also found in LM-113, which returned 1.3 meters grading 17.3 g/t gold and 61 g/t silver. These findings point towards impressive mineralization in the area and reveal the potential for further high-grade discoveries in the southeast of the Main Zone.
The Eastern Zone was also of interest during this drilling phase, with hole LMD-112 returning several new intervals of mineralization, indicating promising potential in this underexplored area. However, LMD-114 showed no significant assays, suggesting further drilling is necessary to fully define the mineralization limits.
These results have established a robust foundation for Astra’s ongoing exploration efforts. The company has announced its plans for a fully-funded Phase II drill campaign, aiming to extend the high-grade vein system and discover new parallel veins. The latest results confirmed that Astra is well-positioned with approximately $2 million in treasury to pursue further development at La Manchuria.
In addition to discussing immediate exploration plans, Astra shared details about their sampling procedures to maintain rigorous quality checks during the drilling process. Each drill sample was precisely prepared and analyzed to ensure the accuracy of the results, with results subject to thorough QAQC procedures.
As the mining sector continues to evolve, Astra Exploration maintains a solid footing in the industry, driven by its commitment to growing its portfolio across valuable Latin American jurisdictions. The La Manchuria gold-silver project stands out for its high-grade potential, while Astra further explores other projects such as its Cerro Bayo and Pampa Paciencia sites in Chile.
In conclusion, Astra Exploration’s recent drilling results from the La Manchuria Project not only highlight the presence of significant gold and silver grades but also indicate a larger, more complex vein system than previously thought. With future exploration planned and funding secured, Astra is on a promising path to expanding its mining efforts in Argentina and beyond.
Astra Exploration Inc. has shared remarkable results from its drilling program at the La Manchuria Project in Argentina, revealing high gold and silver grades. With initial findings showing a complex vein system and plans for a follow-up drilling phase, the company appears well-positioned for future exploration. The successful assays may indicate substantial mineral resources in a promising mining region, highlighting Astra’s commitment to growth in its portfolio of projects.
Original Source: www.juniorminingnetwork.com