Astra Exploration to Participate at PDAC 2024 Conference in Toronto
Astra Exploration to Participate at PDAC 2024 Conference in Toronto
Vancouver, British Columbia – February 29, 2024 – Astra Exploration Inc. (TSX-V: ASTR,
OTCQB: ATEPF) (“Astra Exploration” or the “Company”) is pleased to announce that it
will be exhibiting at the Prospectors and Developers Association of Canada's 2024
Conference (“PDAC 2024” ) at the Metro Toronto Convention Centre from March 3 -6,
2024. Astra Exploration will be exhibiting in the Investors Exchange at Booth No.
2310.
The Company’s management welcomes shareholders and investors to visit the booth to
engage with Brian Miller, CEO, and Diego Guido, Exploration Director from Chile, for an
update on its activities in the active Paleocene region of northern Chile.
Astra's flagship project, the Pampa Paciencia, a large epithermal precious metals vein
system with porphyry copper potential, is strategically positioned just 15km from two
world-class copper mines - Sierra Gorda & Spence - in one of the most important mining
jurisdictions in the world. Located approximately 175km north of the El Peñón mine - the
largest known low -to-intermediate sulphidation deposit in Chile - the Pampa Paciencia
project has just received approval of its Environmental Impact Assessment (EIA).
“Securing the approved EIA is an important milestone for Astra which allows us to
extensively explore the gold -silver epithermal system and focus on expanding its size.
Importantly, Astra is now permitted to conduct geophysical surveys and drilling operations
on the entirety of the Paciencia District claim group, which hosts several kilometres of
untested epithermal vein targets and a large porphyry copper target. The permitting
process was concluded on sc hedule, and we are excited to proceed with further
geophysics and drilling as soon as possible.” Brian Miller, CEO.
The Company boasts strong cornerstone shareholders, a tight share structure and
attractive valuation. Including 24% ownership by Astra’s management, a small group of
cornerstone shareholders including Michael Gentile and Peter Marrone collectively own
almost 70% of Astra’s issued and outstanding shares.
The Company is currently focused on advancing the Pampa Paciencia project, and
growing its portfolio by adding highly-prospective projects.
For more information, please visit our website or view our latest Investor Presentation.
Brian Miller
Chief Executive Officer
Tel. 604.428.0939
Email: [email protected]
https://astra-exploration.com/
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 Agreement; 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 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 any other events affecting such statements and information other than
as required by applicable laws, rules and regulations.