Unico Silver Limited reported assay results for 31 holes (4,782m) as part of an ongoing drill program at the Company’s 100%-owned Joaquin project.
By Panorama Minero
Highlights include:
- Infill and extensional drilling at La Negra SE confirms broad, shallow zone of oxide silver-gold mineralisation over 850m strike and 175m vertical extent, open to the SE and at depth.
- New standout drill results (from the SE of La Negra SE) include Hole JDD0113-25 with 107m at 165gpt Silver Equivalent (1gpt Gold, 70gpt Silver).
- True thickness ranges from 15 to 75 metres, supporting bulk open pit mining potential.
- Drilling resumed 5 January 2026 and includes three diamond rigs and one Reverse Circulation (RC) rig. At La Negra SE, infill drilling on a 50m by 25m grid is nearing completion with 8 holes remaining to support a high confidence Indicated Resource.
- Based on timing and new results, the Company will proceed directly to a Pre-Feasibility Study (PFS)-level Mineral Resource Estimate (MRE), covering La Negra, La Negra SE and La Morocha. Infill drilling at La Morocha SE will commence in February and is upside for future resource estimates and mining studies.
- PFS workstreams completed during December 2025 include baseline environmental studies, geotechnical drilling (9 holes) and comminution drilling (3 holes) with full HQ samples shipped to Nevada for ore hardness testing.
- Regional exploration and soil geochemical sampling SE of La Morocha defines the 650m by 150m “La Rubia” silver anomaly (>2500ppb), confirming the potential for additional shallow discoveries along strike from La Morocha.
Managing Director Todd Williams stated: “Infill drilling at La Negra SE continues to deliver wide, shallow zones of oxide silver-gold mineralisation with excellent continuity across the full 850-metre strike length. These results confirm the scale and geometry required for conventional open-pit development and support our decision to move directly to a Pre-Feasibility Study Mineral Resource Estimate.
With infill drilling nearing completion, geotechnical and comminution programs already underway, and three key prospects – La Negra, La Negra SE and La Morocha – advancing to Indicated Resource status, Joaquin is rapidly transitioning from exploration to development while remaining open to further growth.”
