Table of Contents:
Unico Silver Limited updates on Joaquin Project in Santa Cruz
The mining sector is experiencing significant advancements, as evidenced by recent developments from Unico Silver Limited. The company has reported promising assay results from 21 drill holes at the Joaquin Project located in Santa Cruz, Argentina. These drill holes covered a total of 3,587 meters and revealed exceptional high-grade silver and gold intercepts.
Key prospects highlighted in the results include La Morocha, La Negra SE, and La Morocha SE.
The data suggests not only the project’s viability but also its potential to emerge as a notable contributor in the silver-gold market.
Drilling results reveal potential at Joaquin Project
Recent drilling activities have produced significant results that highlight the potential of the Joaquin Project. Infill drilling at La Morocha has identified high-grade mineralization closer to the surface than previously expected. Key findings include:
- JDD064-25: 42.4 meters at 437 grams per tonne (gpt) of silver equivalent (AgEq), featuring an exceptional intercept of 1.85 meters at 8,335 gpt AgEq.
This notable discovery indicates the feasibility of establishing an open-pit mining operation that could exploit near-surface resources.
Extending mineralization at La Negra SE
The drilling efforts at La Negra SE have successfully extended mineralization by an additional 200 meters to the southeast. The exploratory hole JDD047-25 revealed 34.7 meters at 110 gpt AgEq, indicating the area’s potential for significant silver and gold yields. Notable assay results from La Negra SE include:
- JDD048-25: 43 meters at 256 gpt AgEq, with a remarkable 11-meter section recording 714 gpt AgEq.
- JDD052-25: 50 meters at 787 gpt AgEq, with a 4.4-meter interval at 714 gpt AgEq.
The consistent high-grade results from this prospect underscore the robust nature of mineralization in the region, establishing it as a focal point for further exploration.
Insights into La Morocha SE discovery
Recent drilling at La Morocha SE has revealed significant findings, complementing the ongoing developments at La Negra SE. Notably, the assay result from JDD070-25 showed:
- 20 meters at 160 grams per tonne (gpt) silver equivalent (AgEq), including a 4-meter segment at 411 gpt AgEq.
This discovery enhances the existing mineralization footprint, which now extends over 400 meters in strike length and 175 meters vertically. The true thickness measurements range from 15 to 60 meters, indicating robust potential for additional discoveries.
Future exploration strategies
The ongoing exploration at the Joaquin Project reflects increasing confidence in the area’s mineral potential. Todd Williams, Managing Director of Unico Silver, stated that recent findings suggest high-grade silver mineralization is more accessible than previously thought. This development could lead to earlier resource extraction. Current drilling efforts focus on defining the extent of this mineralization and assessing its economic viability.
Moreover, the presence of visible gold in several drill holes further supports the project’s promise. While assay results are still pending, there is optimism regarding the scale and continuity of the mineralization throughout the Joaquin district.
The recent assay results from Unico Silver Limited confirm the potential of the Joaquin Project and outline opportunities for future exploration and development. The identification of multiple high-grade discoveries positions the company to enhance its exploration efforts.
