Astra Exploration Commences Trenching Program at Pampa Paciencia and Announces Listing on the Frankfurt Stock Exchange
ASTRA EXPLORATION INC. (TSX-V: ASTR, OTCQB: ATEPF, FSE: S3I)
NEWS RELEASE
Astra Exploration Commences Trenching Program at Pampa Paciencia and Announces
Listing on the Frankfurt Stock Exchange
Vancouver, British Columbia – March 28th, 2023 – Astra Exploration Inc. (TSX-V: ASTR, OTCQB:
ATEPF, FSE: S3I) (“Astra” or the “Company”) is pleased to announce that trenching operations
have commenced at Pampa Paciencia, and Astra’s shares are now listed on the Frankfurt Stock
Exchange (FSE) under the symbol “S3I”.
CEO Brian Miller commented:
“Pampa Paciencia is a large district, with known high gold grades and wide veins that has hardly
been explored as evidenced by the discovery of the new western veins . This trenching program
will follow-up the new 2,000 metres of vein subcrop that we have identified in the west of the
Paciencia District in late 2022. Trenching will initially target an area with 5.33g/t AuEq and then
expand to add drill targets to the company’s inventory at Pampa Paciencia.
The Company mobilized equipment and personnel to the Impaciencia Oeste area of the Project
during the week of March 19th to confirm and define newly discovered epithermal veins. Ground
Penetrating Radar (GPR) will be used to determine the thickness of caliche sediment in various
areas of the project , and heavy equipment will be used to remove the caliche so that vein
dimensions can be determined and geochemistry sampled.
In Q4 of 2022, Company geologists discovered approximately 2,000 metres of vein subcrop (near-
surface veins covered by thin sedim ent layer) and surface float containing gold and silver with
grades up to 5.33 grams per tonne gold equivalent (AuEq = 80). This new discovery is located on
the western side of the project, approximately five kilometres west of the Phase I and II drill
programs. For more information see January 25, 2023 news release.
Frankfurt Stock Exchange Listing
The Frankfurt Stock Exchange (FSE) is one of the world's largest international trading centers for
securities. Operated by the Deutsche Boerse AG, FSE, is the largest of Germany's seven stock
exchanges, and is responsible for approximately 90 percent of al l securities traded in Germany.
The FSE facilitates advanced electronic trading, settlement and information systems and enables
cross-border trading for international investors.
About Pampa Paciencia
Pampa Paciencia is a 3,840 hectare road-access low sulphidation epithermal (“LSE”) gold-silver
project located within an active mining district less than 15 kilometres from two major mines
(Sierra Gorda and Spence) and about five kilometres from the Faride LSE mine.
Astra has completed drilling, mapping and sampling, geophysical surveys , and localized
trenching, at the Pampa Paciencia Project, and in doing so has defined a vein boulder (float) 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 grave ls and caliche but the vein float can be used to identify
areas of high prospectivity.
About the Company
Astra Exploration Inc. is an exploration company based out of Vancouver, BC. Astra is engaged
in the acquisition, exploration and development of epi thermal gold-silver properties in Chile and
is building a portfolio of high -quality projects. Astra’s current focus is the development of the
Pampa Paciencia Project.
Qualified Person
The technical data and information as disclosed in this news release has been reviewed and
approved by Darcy Marud. 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]
OR
Nikki McEachnie
Manager of Investor Relations, Marketing & Business Development
Tel: 416.209.4940
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
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.
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; completion of the
transactions contemplated by the Purchase Agre ement; receipt of all required regulatory
approvals; and marketing initiatives. 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 certai nty 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 factors 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 any other events affecting such statements and
information other than as required by applicable laws, rules and regulations.