New Discoveries Reinforces District Potential at Joaquin

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Stock Unico Silver Ltd (USL.ASX)
Release Time 7 Nov 2025, 9:03 a.m.
Price Sensitive Yes
 New Discoveries Reinforces District Potential at Joaquin
Key Points
  • Infill drilling at La Morocha confirms high-grade silver mineralisation extends close to surface
  • Step-out drilling at La Negra SE extends mineralisation 200m to the southeast
  • Early follow-up drilling at La Morocha SE confirms a new discovery with strong silver-gold mineralisation
Full Summary

Unico Silver reports assay results for 21 drill holes (3587m) as part of an ongoing drill program at the Joaquin Project in Santa Cruz, Argentina. The results include exceptional high-grade silver-gold intercepts at three prospects - La Morocha, La Negra SE and La Morocha SE. Infill drilling at La Morocha has defined the up-dip projection of high-grade mineralisation, including 42.4m at 437gpt AgEq from 49.6m, with a standout intercept of 1.8m at 8,335gpt AgEq. At La Negra SE, step-out drilling has extended mineralisation a further 200m to the southeast, with hole JDD047-25 returning 34.7m at 110gpt AgEq. Infill holes at La Negra SE continue to intersect broad zones of silver-gold mineralisation close to surface, including 43m at 256gpt AgEq and 71m at 131gpt AgEq. Early follow-up drilling at La Morocha SE has also confirmed a new discovery, with strong mineralisation returned across multiple holes, including 20m at 160gpt AgEq. The results reinforce the district-scale potential of the Joaquin project, with multiple discoveries and shallow, high-grade intercepts defined across the project area.

Outlook

Unico is rapidly advancing the Company's PLUS 150 and BEYOND 300 development and exploration growth strategies at Joaquin, with a focus on regional exploration, new discoveries, and the delineation of high-confidence, pit-constrained, free-milling silver ounces.