Northwire Canada EditionTuesday, September 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Drill Results

Astra begins phase II drilling at La Manchuria

By The Northwire Desk — AI Analysis Oct 29, 2025 · 10:40 ASTR · 0.54 Astra Exploration Inc.
ASTR · Price

Executive Summary

  • Astra Exploration Inc. has commenced Phase II drilling at its La Manchuria gold and silver project in the Deseado Massif, Argentina, following the completion of Phase I in May 2025.
  • The Phase II program is fully financed with a treasury balance exceeding $7 million and targets approximately 10,000 metres of diamond drill hole (DDH) drilling.
  • Phase I results revealed a larger-than-expected vein system with significant near-surface gold and silver grades, supporting a geological model of a preserved epithermal system open in all directions.

Key Details

  • Drilling Program Scope: Approximately 10,000 metres of DDH drilling planned for Phase II.
  • Schedule:
    • 5,000 metres expected to be completed by December 2025.
    • Remaining 5,000 metres expected in Q1 2026.
  • Financial Status: The program is fully financed; the company holds a treasury balance of over $7 million.
  • Phase I Context:
    • Completed in May 2025.
    • Identified a much larger vein system than previously recognized.
    • Numerous intervals of significant gold and silver grades found near surface.
    • Mineralization confirmed open in all directions, indicating a preserved epithermal system partially concealed by post-mineral volcanics.
  • Geological Findings:
    • Detailed mapping identified low-temperature silica and vein fragments at surface within andesitic rocks and post-mineral breccias.
    • Favourable host rock units confirmed at depth, suggesting potential for a large, robust high-grade gold-silver epithermal system.
  • Project Location: La Manchuria project is located in Santa Cruz, Argentina, in the prolific Deseado Massif. Astra holds an option to acquire a 90% interest.

Notable Quotes

  • "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... 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 postmineral volcanics."
Read the original news release →

More from Astra Exploration Inc.

Aug 18, 2026 · 06:01

Astra reports a 2 m gold hit, while deep feeder tests in andesites fail to deliver results.

Drill Results Aug 18, 2026 · 06:00

Astra secures majority control at La Manchuria through an 80% earn-in following high-grade intercepts.

M&A / Property Jun 30, 2026 · 06:01

Astra Provides Exploration Update and Receives Independent Analyst Coverage from ATB Cormark Capital Markets

Drill Results May 06, 2026 · 06:01

Astra Exploration Commences Phase III Drilling with C$17M Treasury at La Manchuria

Production / Operations Apr 30, 2026 · 09:07

Astra Exploration Secures C$15M Funding to Advance High-Grade La Manchuria Drilling

Financings Apr 22, 2026 · 22:36

Financing Upside Secures Runway Amidst High-Grade Drilling Momentum

Financings