USL.ASX: Further High-Grade Results Outside of Joaquin MRE

Further High-Grade Results Outside of Joaquin MRE

Stock	Unico Silver Ltd (USL.ASX)
Release Time	22 Jun 2026, 9:10 a.m.
Price Sensitive	Yes

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Unico Silver Reports High-Grade Results Outside Joaquin MRE

Key Points

Best drill hole at La Morocha SE with 52.3m at 378gpt AgEq
La Negra SE extends mineralisation 250m SE of current MRE boundary
Breccia Puntudo infill drilling supports conversion of inferred to indicated resources
Exploration drilling complete, focus shifts to PFS workstreams

Full Summary

Unico Silver Limited reports assay results from 46 drill holes totaling 6,631m at its Joaquin Project in Argentina. The drilling yielded high-grade gold-silver intercepts at La Morocha SE, Breccia Puntudo, and La Negra SE, extending mineralization beyond the March 2026 Mineral Resource Estimate (MRE). At La Morocha SE, the best drill hole JDD276-26 returned 52.3m at 378gpt AgEq, including 8.5m at 1,813gpt AgEq. La Negra SE drilling confirmed mineralization extends 250m to the southeast. Breccia Puntudo infill drilling supports the conversion of inferred to indicated resources. Exploration drilling is now complete, with activities focused on geotechnical drilling, environmental studies, and water exploration for the upcoming Pre-Feasibility Study scheduled for late Q3 2026.

Outlook

The company is optimistic about further resource growth at La Negra SE and La Morocha SE when exploration drilling resumes in Q3 2026.