Astra Exploration Inc. (TSXV: ASTR) is undertaking a non-brokered private placement for gross proceeds of up to C$1.0M.
The proceeds will be used for exploration activities on Astra’s flagship Pampa Paciencia project in Northern Chile and for general working capital.
The company is planning a trenching and mapping programme to commence in the coming weeks to confirm and define newly discovered epithermal veins. In Q4 of 2022, company geologists discovered approximately 2,000m of vein subcrop and surface float containing gold and silver with grades up to 5.33g/t gold equivalent.
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 15km from two major mines (Sierra Gorda and Spence) and about 5km 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 gravels and caliche but the vein float can be used to identify areas of high prospectivity.
For further information please visit: https://astra-exploration.com/