Unico Silver Limited announced the discovery of a new mineralised zone southeast of the La Morocha deposit, within the Company’s 100%-owned Joaquin Project in Santa Cruz province.
By Panorama Minero
This is the second major discovery reported in July following the La Negra SE step-out and further reinforces the scale and growth potential of the Joaquin system. The La Morocha SE discovery highlights the discovery potential of the underexplored Cerro Puntudo tenement — an area historically overlooked due to fragmented ownership, but now fully consolidated by Unico.
Highlights include:
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Three diamond drill holes for 622 metres were completed to test southeast extensions of the La Morocha structure. Assays have been received for two holes, including standout hole JDD028-25:
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25 69m at 163gpt AgEq –Silver equivalent- (0.9gpt Au (Gold), 94gpt Ag (Silver)) from 124m, including:
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8.5m at 656gpt AgEq (3.9gpt Au, 342gpt Ag) from 163.5m
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This new zone — named the La Morocha SE — displays a strike length of 350 metres, vertical extent of 175 metres, and thickness ranging between 35 and 45 metres. Importantly, mineralisation is open to the south and at depth.
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JDD028-25 is down-dip of a historical hole RD0032, which returned 9m at 120gpt AgEq (1.1gpt Au, 32gpt Ag) and 8m at 263gpt AgEq (0.5gpt Au, 226gpt Ag) confirming that mineralisation is improving at depth.
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Strategic Implications for PLUS 1501 growth strategy: The discovery of wide zones of oxide gold and silver mineralisation at La Morocha SE contributes to Unico’s PLUS 150 target for 150 million ounces AgEq in pit-constrained, free-milling silver resources.
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Focus now shifting to further resource growth and revised Mineral Resource Estimate anticipated early 2026: With results from 27 additional holes (3,932m) still pending across Joaquin, and two significant discoveries reported in recent weeks, the Company notes that the upcoming MRE (due September 2025) is not expected to capture the full extent of recent growth.
Managing Director Todd Williams states: “La Morocha SE is now our second major discovery in two weeks, extending mineralisation well beyond the boundaries of the 2013 Foreign Estimate into the underexplored Cerro Puntudo property. With mineralisation open at depth and along strike, the pace of discovery has already overtaken the upcoming MRE due in September — an exceptional result and compelling sign of growth to come”.
