Unico Silver unites “exceptional” silver results at Joaquin Project in Argentina

Unico Silver (ASX:USL) reports high-grade silver-gold intercepts at Joaquin Project, Santa Cruz, including 1.85m @ 8,335 g/t AgEq, confirming near-surface “bonanza” mineralisation.

Unico Silver (ASX: USL) has reported a series of “exceptional high-grade silver-gold intercepts” from its ongoing drilling campaign at the Joaquin Project, located in Argentina’s Santa Cruz province.

Assay results from the first 21 drill holes totaling 3,587 metres have been returned from the La Morocha, La Negra SE, and La Morocha SE prospects — all key targets within the district-scale silver-gold system.

Exceptional silver grades near surface

At La Morocha, infill drilling delivered some of the campaign’s most significant results, including:

• 42.4 metres @ 437 g/t silver equivalent from 49.6m,
• including 1.85 metres @ 8,335 g/t silver equivalent from 52.7m, defining an up-dip projection of mineralisation.

At La Negra SE, mineralisation has been extended a further 200 metres towards the southeast, with hole JDD047-25 intersecting 34.7 metres @ 110 g/t silver equivalent.

Other standout assays include:

• 43 metres @ 256 g/t AgEq from 75m, including 11 metres @ 714 g/t AgEq from 97.5m,
• 9 metres @ 787 g/t AgEq from 162m, including 4.4 metres @ 714 g/t AgEq,
• 34 metres @ 170 g/t AgEq from 177m.

The La Negra SE prospect remains open to the southeast and at depth, with Unico now defining over 725 metres of strike and 150 metres of vertical extent.

Meanwhile, drilling at La Morocha SE returned similarly strong results, including:

• 20 metres @ 160 g/t AgEq from 175m, including 4 metres @ 411 g/t AgEq from 187m,
• 36 metres @ 130 g/t AgEq from 127m, including 20.4 metres @ 179 g/t AgEq from 138.3m,
• 17 metres @ 200 g/t AgEq from 215m.

The zone now extends over 400 metres of strike and 175 metres vertically, with mineralisation ranging between 15–60 metres in true thickness.

“Bonanza” silver mineralisation confirmed

Unico Silver Managing Director Todd Williams said the results reaffirm the quality and potential of the Joaquin district.

“Infill drilling at La Morocha confirms that bonanza-grade silver mineralisation — typical of that previously mined underground by Pan American Silver (NYSE:PAAS) — extends far closer to surface than previously understood,” Williams said.

“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.”

He added that with multiple discoveries and shallow, high-grade intercepts now defined across the Joaquin district, the company is rapidly advancing its PLUS 150 and BEYOND 300 development and exploration growth strategies.

Advancing Argentina’s largest silver landholding

Unico Silver holds the largest land position in Santa Cruz, one of South America’s most prolific precious metals provinces, home to world-class deposits such as Cerro Moro, Manantial Espejo, and Cerro Vanguardia.

The Joaquin Project, formerly explored by Pan American Silver, continues to deliver strong results that position Unico as a leading silver-gold explorer in Argentina’s next-generation mining frontier.