InvestmentPitch Media Video Discusses Astra Exploration’s Results from the Latest 18 of 30 Drill Holes Completed at the Pampa Paciencia Gold-Silver Project in Northern Chile, which Defined a 2nd Gold Zone along a 1.4 km Vein Structure
May 27 2022 - 5:00AM
Astra Exploration (TSXV:ASTR) has released results from the latest
18 of 30 drill holes completed at the Pampa Paciencia gold-silver
project in northern Chile, which defined a second gold zone along a
1.4 km vein structure. The flagship 3,840 hectare, road-accessible,
low sulphidation epithermal gold-silver project is located within
an active mining district less than 15 kilometers from 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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Astra has completed property wide mapping and
sampling, geophysical surveys, and localized trenching and in doing
so, has defined a vein boulder field over approximately 75% of the
project area. The veins do not outcrop as the majority of the
project area is covered by a thin layer of gravels and caliche but
the vein float can be used to identify areas of high
prospectivity.
A total of 2,981 metres of RC drilling were
completed in thirty holes between February and March 2022. Most
drilling focused on the 1.4 km long Paciencia Vein system located
in the North Zone, which is comprised of Paciencia Oeste,
Paciencia, and Paciencia Este.
These mostly concentrated on defining the strike
and depth continuity of the Paciencia Vein System in the North Zone
with three holes were drilled to test veins at depth in the Central
Zone and two holes tested geophysical targets in the North Zone.
Drilling at Geophysical targets 1 and 2 resulted in the discovery
of two blind veins. Two mineralized shoots are being defined at
Paciencia and Paciencia Oeste, where quartz texturing and
geochemistry indicate these two shoots could be higher elevations
of the mineralized precious metals horizon.
Both shoots are open along strike and at depth.
Hole PPRC-22-36 from the Paciencia Vein further extended one
mineralized shoot to the east while a second shoot is being defined
by shallow drilling at Paciencia Oeste. Drill holes at Paciencia
Oeste and Paciencia Este intercepted thick (10 - 20 metres true
thickness) vein structures, which occurred in shallow drill holes
approximately 15 to 25 metres below surface, with one hole reaching
75 metres below surface in Paciencia Oeste.
The shares, which began trading on the TSX Venture
Exchange on January 26th, are currently trading at $0.19. For more
information on the company, please visit the company’s website
www.astra-exploration.com, contact Brian Miller, CEO, at
604-428-0939 or by email brian.miller@astra-exploration.com.
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