Strong start to drilling confirms growth potential beyond existing resource.
By Panorama Minero
Unico Silver Limited reported the first assay results from its Phase 1 reverse circulation (RC) drilling program at the Joaquin project, comprising 20 holes for a total of 2,712 metres. A second diamond drill rig is on site to support deeper drilling across key prospects and accelerate resource growth. The Joaquin project is located in Santa Cruz province.
Highlights
• Drilling confirms significant extensions to the La Negra silver resource, with mineralisation remaining open to the northwest, southeast, and at depth. Multiple high-grade intercepts validate historical drilling and expand the mineralised envelope beyond the current Foreign Estimate
• (JRC002-25) 17m at 258gpt AgEq (238gpt Ag , 0.26gpt Au ) from 63m
1m at 1213gpt AgEq (1161gpt Ag, 0.66gpt Au) from 65m
• (JRC008-25) 64m at 81gpt AgEq (53gpt Ag, 0.36gpt AgEq) from 53, 21m at 126gpt AgEq (68gpt Ag, 0.73gpt Au) from 111m
• (JRC017-25) 23m at 268gpt AgEq (238gpt Ag, 0.38gpt Au) from 98m 3m at 1189gpt AgEq (1109gpt Ag, 1.0gpt Au) from 105m
• (JRC022-25) 15m at 258gpt AgEq (253gpt Ag, 0.1gpt Au) from 38m
• New discovery at Brunilda, located 1.5km east of La Negra on a parallel structure. Broad zones of near-surface silver mineralisation were intersected in all scout drill holes, highlighting strong potential for additional discoveries.
• (JRC011-25) 23m at 88gpt AgEq (68gpt Ag, 0.25gpt Au) from 4m 8m at 134gpt AgEq (115gpt Ag, 0.24gpt Au) from 11m
• (JRC014-25) 42m at 54gpt AgEq (44gpt Ag, 0.13gpt Au) from 47m
• Second drill rig mobilised, with diamond drilling underway to test deeper extensions and support a maiden JORC Mineral Resource at Joaquin.
Managing Director Todd Williams states: “This first round of drilling at Joaquin has delivered an exceptional start. Results from La Negra confirm the tenor and continuity of historical intercepts while successfully expanding the mineralised footprint beyond the current Foreign Estimate. The system now exceeds 2 kilometres in strike and remains open in multiple directions, presenting a compelling case for continued growth.
The initial discovery at Brunilda is equally encouraging, with broad zones of shallow silver mineralisation intersected across all scout holes. As the first of many undrilled regional targets, Brunilda underscores the untapped potential across the broader Joaquin district.
With a second diamond rig now operational, we are advancing deeper drilling and step-out programs to rapidly grow resources and unlock new zones. These results reaffirm Joaquin’s scale and development potential and strengthen our position as the leading undeveloped silver project in Santa Cruz.”
