In this company update, we are joined by Brian Miller, CEO of Astra Exploration (TSX.V: ASTR | OTCQB: ATEPF), to discuss the ongoing progress at the La Manchuria gold-silver project in Argentina. Following a strategic shift in focus last year, the company is currently executing a 10,000-meter Phase 2 drilling campaign designed to test the scale and depth of the system.
Key Discussion Points:
- Exploration Strategy and Program Allocation: Brian explains the allocation of the 10,000-meter program, highlighting the shift from near-surface “bulk tonnage” targets to the search for high-grade “feeder zones” at depth.
- High-Grade Assay Results: We review the February 10th results, which included intercepts such as 1,300 g/t silver and 9 g/t gold over 3.1 meters, confirming high-grade at the West Feeder zone.
- Comparisons to Cerro Negro: Brian draws parallels between the current evolution of La Manchuria and the famous Cerro Negro discovery, where the high-grade “Eureka” zone was discovered only after drilling beneath the initial near-surface resource.
- Financial Position and Next Steps: The company remains well-funded for its upcoming 5,000-meter program starting in March, with an all-in drilling cost of approximately $350 USD per meter.
Please email me any follow up questions for Brian – fleck@kereport.com.
Click here to visit the Astra Exploration website.
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