Astra Exploration

Astra Exploration is drilling high-grade gold and silver projects in some of South America’s most prolific mining districts. 

A fully-funded drill program of 10,000m is underway at the La Manchuria project, located in the Deseado Massif of Santa Cruz, Argentina. La Manchuria hosts a system of extremely high-grade gold and silver veinlets at surface, which develop into thicker, more competent veins at depth. The sources or ‘feeder zones’ of these high grades remain undiscovered. Historical drilling has been limited to within 160m of surface, leaving multiple high-grade shoots open at depth and along strike. Astra geologists are targeting a >2Moz gold-equivalent deposit and interpret the system to have similarities with the world-class Cerro Negro low-sulphidation epithermal deposit ~150km to the north.

The Company owns 100% of the Pampa Paciencia District in northern Chile, located ~15km from the giant Sierra Gorda and Spence copper mines. Pampa Paciencia hosts a low-sulphidation epithermal system of very thick (10-15m true thickness) veins with three shoots of high-grade gold discovered to date, and several kilometers of untested epithermal vein targets. Pampa Paciencia has similarities to the nearby Faride epithermal deposit, and the world-class El Penon deposit ~175km to the south. The property also hosts a porphyry copper target with similarities to the nearby Sierra Gorda deposit.

Astra’s people are at the core of its value proposition. Its team consists of geologists credited with multiple Latin American epithermal discoveries including world-class deposits. Its exceptionally strong investor base includes Michael Gentile, Mason Resources, Peter Damouni, Fahad Al-Tamimi, Dundee-Goodman, Simon Marcotte, and Victor Cantore as major shareholders.