Astra Completes Preparation for March Drill Program at the La Manchuria Project, Argentina
ASTRA EXPLORATION INC. (TSX-V: ASTR, OTCQB: ATEPF, FSE: S3I)
NEWS RELEASE
Astra Completes Preparation for March Drill Program at the La Manchuria
Project, Argentina
Vancouver, British Columbia – February 19, 2025 – Astra Exploration Inc. (TSX -V: ASTR,
OTCQB: ATEPF , FSE: S3I ) (“Astra” or the “Company”) is pleased to provide an update on
exploration activities at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina.
Astra’s CEO, Brian Miller commented:
“La Manchuria represents an incredibly rare opportunity for an exploration company. It has
evidence of extremely high gold and silver grades that we believe are the sources or ‘feeder
zones’ of the near-surface disseminated resources defined by the previous operators. The project
was identified by Astra’s in -country team in 202 3 and secured in 202 4 as Argentina’s
attractiveness to foreign investment increased. We are excited to test our new understanding of
the controls on high grade with the compan y’s maiden 2,500 metre program at La Manchuria in
March.”
Project Update
In January, field crews were mobilized to La Manchuria to conduct a 120 linear km detailed ground
magnetic survey with surface mapping to confirm the new geological model. This work is being
used to finalize drill targets for the fully-funded drill program, which is expected to commence in
March.
The company believes the high-grade historic intercepts (including 20.5m grading 10.4 grams per
tonne (g/t) gold and 810 g/t silver, 4.0m grading 26.3 g/t gold and 3,156 g/t silver and 2.0m grading
52.6 g/t gold and 3,274 g/t silver, as described in “ Updated Technical Report On The Mineral
Resources Of The La Manchuria Project, Santa Cruz Province, Argentina” with an effective date
of February 28, 2019 ) represent the hydrothermal plumbing system and are open to expand at
depth and along strike. These will be among other priority targets in the upcoming drill program.
Permitting is proceeding on schedule. The Company submitted an updated IIA (Informe de
Impacto Ambiental) in November 2024 and promptly received comments from the Mining
Secretary, requesting the updating of two required field studies. Th ose studies have been
completed and submitted to the Mining Secretary’s office, and the Company expects to receive
its drill permit this month.
Corporate Update
The Company would like to remind shareholders of the upcoming expiration of in-the-money (as
of market close on February 1 8) warrants which were issued in conjunction with the financing
closed on February 28, 2023 (see Astra news release dated March 2, 2023). The warrants will
expire on Friday, February 28, 2025, at 5pm Pacific Time. Warrant holders who wish to exercise
are asked to contact the company as soon as possible to ensure timely exercise. The Company
has received exercise notice from some of the warrant holders and is expecting more in the
coming days.
Astra will be attending the M etals Investor Forum (MIF) and Prospectors and Developers
Association of Canada (PDAC) conferences in March.
The MIF conference runs from February 28th – March 1st and CEO Brian Miller will be presenting
on Saturday, March 1st from 11:30-12:30 Eastern Time.
The Company will be exhibiting at the PDAC conference, March 2 nd - 5th, in the Investors
Exchange at booth number 2310. Astra has also been selected to exhibit in the Core Shack on
Sunday March 2nd and Monday 3rd in booth number 3104A. Exploration Director, Diego Guido,
will be displaying samples of the high-grade drill core from the La Manchuria project.
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. La Manchuria is a gold and silver deposit located in Santa Cruz,
Argentina, over which Astra has an option to acquire 90% interest. The Pampa Paciencia gold-
silver project is 100% owned by Astra and located in northern Chile.
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.
Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not
necessarily indicative of mineralization hosted on the Company’s properties.
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