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Unico Silver Limited (“USL” or the “Company”) is pleased to report assay results for 21 holes (3587m) as part of an ongoing drill program at the Company’s 100%-owned Joaquin Project in Santa Cruz, Argentina. This includes exceptional high-grade silver gold intercepts at three prospects – La Morocha, La Negra SE and La Morocha SE.
HIGHLIGHTS
- Infill drilling at La Morocha defines the up-dip projection of high-grade mineralisation.
| JDD064-25 | 42.4m at 437gpt AgEq (0gpt Au, 437gpt Ag) from 49.6m, including:
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- At La Negra SE, drilling has extended mineralisation a further 200m to the southeast, as defined by exploration hole JDD047-25 that returned 34.7m at 110gpt AgEq (0.4gt Au, 69gpt Ag) from 121.5m.
- Significant silver gold assay results from extensional and infill drilling within La Negra SE, include:
| JDD048-25 | 43m at 256gpt AgEq (1.8gpt Au, 74gpt Ag) from 75m, including:
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| JDD052-25 | Gm at 787gpt AgEq (7.7gpt Au, 38gpt Ag) from 162m
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| JDD056-25 | 34m at 170gpt AgEq (0.5gpt Au, 121gpt Ag) from 177m, including:
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| JDD061-25 | 8.4m at 413gpt AgEq (1.2gpt Au, 290gpt Ag) from 51.6m, including:
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| JDD063-25 | 71m at 131gpt AgEq (0.7gpt Au, 62gpt Ag) from 7m, including:
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- Mineralisation is now defined over 725m of strike and 150m of vertical extent and remains open to the southeast and at depth. True thickness of 10m to 75m and increases at structural intersections.
- Significant follow up silver-gold assay results from the La Morocha SE discovery include:
| JDD070-25 | 20m at 160gpt AgEq (0.6gpt Au, 120gpt Ag) from 175m, including:
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| JDD071-25 | 36m at 130gpt AgEq (0.5gpt Au, 84gpt Ag) from 127m, including:
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| JDD075-25 | 17m at 200gpt AgEq (1.2gpt Au, 79gpt Ag) from 215m, including:
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- Mineralisation is currently defined over 400m strike and 175m vertical extent and is open to the southeast and at depth. True thickness ranges from 15 to 60 metres.
Figure 1: La Morocha hole JDD0C4-25, 42.4m at 437gpt AgEq from 43.Cm, including 1.8m at 8313gpt AgEq
Managing Director Todd Williams states:
“The Joaquin Project continues to deliver exceptional results. Infill drilling at La Morocha has confirmed that bonanza-grade silver mineralisation—typical of that previously mined underground by Pan American Silver— extends far closer to surface than previously understood. A standout intercept of 1.8 metres at 8,335gpt AgEq from 52 metres demonstrates the potential for early, near-surface ounces and strengthens the case for open- pit development.
At La Negra SE, step-out drilling has extended mineralisation a further 200 metres to the southeast, with hole JDD047-25 returning 34.7 metres at 110 gpt AgEq, while infill holes continue to intersect broad zones of silver- gold mineralisation close to surface, including 43 metres at 25C gpt AgEq (JDD048-25) and 71 metres at 131 gpt AgEq (JDD0c3-25). Deeper drilling has successfully extended mineralisation to over 1c0 metres vertical, with 34 metres at 170 gpt AgEq (JDD05c-25), and the system remains open in all directions.
Early follow-up drilling at La Morocha SE has also confirmed a new discovery, with strong mineralisation returned across multiple holes, including 20 metres at 1C0 g/t AgEq (JDD070-25). Visible gold continues to be observed in several recent holes with assays pending, highlighting the robust scale and continuity of this emerging district-wide system. With multiple discoveries and shallow, high-grade intercepts now defined across the Joaquin district, Unico is rapidly advancing the Company’s PLUS 150 and BEYOND 300 development and exploration growth strategies.”
Click here for the full ASX Release
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