Astra Commences Phase II Drilling at La Manchuria Gold and Silver Project in the Deseado Massif, Argentina
ASTRA EXPLORATION INC. (TSX-V: ASTR, OTCQB: ATEPF, FSE: S3I)
NEWS RELEASE
Astra Commences Phase II Drilling at La Manchuria Gold and Silver Project
in the Deseado Massif, Argentina
Vancouver, British Columbia – October 29, 2025 – Astra Exploration Inc. (TSX-V: ASTR, OTCQB:
ATEPF, FSE: S3I ) (“Astra” or the “Company”) is pleased to announce that mobilization of
equipment for the Phase II drill program has taken place and drilling is underway at the La
Manchuria Gold and Silver Project in Santa Cruz, Argentina.
The program will follow up drill targets generated by the Phase I program completed in May of
this year and is expected to consist of approximately 10,000 metres of DDH drilling. The Company
expects to complete 5,000 metres by December, and another 5,000 metres in Q1 of 2026 . All
planned drilling is fully-funded, with a treasury balance of over C$7,000,000.
The Phase I drill program indicated that La Manchuria encompasses a much larger vein system
than previously recognized , with numerous intervals of significant gold and silver grades near
surface (see June 10 & 25, 2025 news releases). The Phase I results support Astra’s geological
model that mineralization is open in all directions, further indicating the presence of a preserved
epithermal system partially concealed by post-mineral volcanics.
Detailed mapping has revealed the presence of low temperature silica and vein fragments at
surface, which are contained in andesitic rocks and post-mineral breccias. Mapping also confirms
favorable host rock units at depth, adding potential for La Manchuria to host a large, robust high-
grade gold-silver epithermal system. The Company will be providing additional details about the
drill program in the coming weeks.
About the Company
Astra Exploration Inc. is a precious metals exploration company based out of Vancouver, BC that
is actively building a portfolio of high -quality projects in some of the most important mining
jurisdictions in Latin America.
The La Manchuria gold -silver project in Santa Cruz, Argentina , over which Astra has an
option to acquire 90% interest, is a high-grade gold and silver low sulphidation epithermal (LSE)
deposit located in the prolific Deseado Massif which hosts multiple world -class LSE precious
metals deposits including Cerro Vanguardia and Cerro Negro, Santa Cruz, Argentina.
The 100% owned Pampa Paciencia gold and silver project in northern Chile is located in the
Paleocene mineral province in proximity to such major operating mines as Spence and Sierra
Gorda. The project shares several important geological similarities to other Paleocene LSE gold-
silver deposits including Faride and El Peñón.
The 100% owned Cerro Bayo project in northern Chile is located in the Maricunga belt
approximately 20 km from the Refugio Mine. The project hosts a high sulphidation epithermal
(HSE) +/- porphyry gold system with similarities to the Salares Norte deposit to the north in the
same belt. The Maricunga belt is one of the most endowed regions in the world for gold and
copper deposits.
Qualified Person
The technical data and information as disclosed in this news release has been reviewed and
approved by Darcy Marud, who is an Independent Director of Astra . Mr. Marud is a Practicing
Member of the Association of Professional Geoscientists of Ontario and is a qualified person as
defined under the terms of National Instrument 43 -101 – Standards of Disclosure for Mineral
Projects.
For further information please contact:
Brian Miller
Chief Executive Officer
Tel. 604.428.0939
Email: [email protected]
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the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward -
looking statements or information. These forward-looking statements or information may relate
to the Company’s business activities; exploration on the Company’s properties including drilling at
the La Manchuria project. Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject to significant business,
economic, competitive, political and social risks, contingencies and uncertainties. Many factors,
both known and unknown, could cause results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied
by such forward-looking statements. Such factors include, without limitation: development of the
industry in which the Company operates; risks associated with the conduct of the Company's
business activities; risks relating to reliance on the Company's management team and outside
contractors; currency fluctuations; risks regarding the failure to generate sufficient cash flow from
operations; laws and regulations governing the industry in which the Company operates; the
ability of the communities in which the Company operates to manage and cope with the
implications of COVID-19; the economic and financial implications of COVID-19 to the Company;
operating or technical difficulties; employee relations, labour unrest or unavailability; stock market
volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders
of the Company; litigation risk; and other risk factors disclosed in the Company’s public disclosure
documents available on the Company’s profile at www.sedar.com. Readers are cautioned against
attributing undue certainty to forward-looking statements or forward-looking information. Although
the Company has attempted to identify important factors that could cause actual results to differ
materially, there may be other factor s that cause results not to be anticipated, estimated or
intended. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or a ny other events affecting such statements and information other than as
required by applicable laws, rules and regulations.