Astra Exploration has released final Phase III drill assays from its La Manchuria gold-silver project, featuring high-grade intercepts at the Basalto and Eastern Zones. While one deep target missed due to andesite host rock, the company plans a major 10,000 to 20,000 metre drilling campaign starting in November to test five new regional targets.
Fredonia Mining has closed a $11.5 million bought deal financing, exceeding its initial $10 million target. The proceeds are intended for the exploration and advancement of the El Dorado Monserrat gold-silver project in Argentina.
Astra Exploration Inc. has reported high-grade gold and silver step-out drill results at the La Manchuria project in Argentina, with intercepts including 4.34 g/t Au and 3.12 g/t Au remaining open. The company has significantly expanded its claim area and plans a 10,000-20,000 metre follow-up program to test regional targets.
NewPeak Metals reported significant continuous mineralisation at its Las Opeñas Gold Project in Argentina, with hole LODH-027 returning 657 metres at 0.30 g/t AuEq. The company also recently secured A$3.5 million through a share placement to fund further exploration and resource estimation.
Challenger Gold has announced an accelerated roadmap for its Hualilán gold project in Argentina, targeting heap-leach production by early 2029. The plan includes detailed engineering by BBA Consultants, a 35,000m drilling program for resource growth, and leveraging Argentina's RIGI regime to attract capital.
AbraSilver Resource Corp. announced new assay results from its Phase VI exploration drill program at the Cerro Viejo target on its Diablillos project in Argentina. The drilling confirmed broad zones of shallow, oxide-hosted gold mineralization and deeper copper mineralization, highlighting new exploration potential. The company also provided an updated Mineral Resource Estimate as of April 30, 2026, which underpins a recently completed Definitive Feasibility Study.
Fredonia Mining Inc. announced a positive Preliminary Economic Assessment (PEA) for its El Dorado Monserrat (EDM) gold-silver project, projecting a post-tax NPV10 of US$1.49 billion and an IRR of 65%. The PEA is supported by an updated NI 43-101 compliant Mineral Resource Estimate, which includes 2.76 Moz AuEq in the Measured and Indicated categories and an additional 1.09 Moz AuEq Inferred. The project contemplates an open-pit, heap-leach operation with an average annual production of 146,000 oz AuEq over a 17+ year mine life, though the PEA relies materially on Inferred resources and no Mineral Reserves have been declared.
Astra Exploration Inc. reported high-grade drill results from its Phase III program at the La Manchuria project in Argentina, highlighted by an 80.54 g/t gold intercept in hole LMD-148. The results confirm both high-grade structural shoots and broad, shallow disseminated mineralization, supporting potential open-pit mining.
Sendero Resources has reported reconnaissance drilling results from its Peñas Negras Project in Argentina, confirming a porphyry-epithermal geological model. The program identified gold and silver mineralization, an extensive leached cap, and significant geochemical vectors including antimony.
Targa Exploration Corp. announced assay results for holes EZD0003 through EZD0008 at the El Zanjon gold-silver project in Argentina. However, the specific drill intercepts and grades were not included in the provided text.
