High Grade Drill Results Extend Joaquin MRE
| Stock | Unico Silver Ltd (USL.ASX) |
|---|---|
| Release Time | 7 May 2026, 9:16 a.m. |
| Price Sensitive | Yes |
High Grade Drill Results Extend Joaquin MRE
- Exceptional Breccia Puntudo intercepts, including 11.25m at 1,301gpt AgEq
- Step-out success at La Negra SE and La Morocha SE support continued resource growth
- Drilling focused on converting resources to higher confidence categories and advancing material into the development pipeline
Unico Silver reports assay results for 75 drill holes totalling 9,563 metres at the 100%-owned Joaquin Project in Argentina. Drilling was focused on the La Negra SE and La Morocha SE discoveries, as well as the emerging Breccia Puntudo structural trend. Standout results include an exceptional intercept of 11.25m at 1,301gpt AgEq from Breccia Puntudo, the highest grade recorded to date at the prospect. Step-out drilling also continued to deliver wide zones of oxide mineralisation at La Negra SE and La Morocha SE, confirming strong continuity and supporting further resource growth. The Company states that these outcomes strengthen its strategy of building a scalable, high-margin oxide inventory, with a focus on converting resources to higher confidence categories and advancing material into the development pipeline. Feasibility workstreams are also underway, including geotechnical drilling and water source confirmation, to support the upcoming Pre-Feasibility Study.
The Company remains focused on continuing to expand the mineral resource at Joaquin through further drilling, with a clear strategy of building a scalable, high-margin oxide inventory and advancing material into the development pipeline.