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Highlights
Unico Silver Ltd (ASX:USL) begins deeper drilling at Joaquin Project with second diamond rig mobilised
Early reverse circulation results support scope for resource growth at La Negra and Brunilda
Program aimed at supporting maiden JORC resource and advancing exploration along La Morocha trend
Unico Silver Ltd (ASX:USL), listed under the materials sector on the ASX 200 index, has mobilised a second diamond drill rig to the Joaquin Project in Argentina’s Santa Cruz province. This move follows initial assay results from phase one that point toward resource growth across key targets, particularly the La Negra and Brunilda deposits.
The drilling initiative supports Unico Silver’s broader objective of progressing its wholly owned project toward a maiden JORC mineral resource estimate. With mineralisation remaining open in multiple directions, the deployment of a second rig marks a significant step forward in the ongoing exploration and delineation efforts.
La Negra Returns High-Grade Extensions
Initial drilling has confirmed mineralisation extensions at the La Negra deposit, which remains open to the northwest, southwest, and at depth. The recently reported intercepts have corroborated historical data, with zones of silver equivalent mineralisation encountered at multiple intervals.
The presence of consistent grades reinforces the geological continuity at La Negra, paving the way for infill and extensional drilling. This phase will aim to establish greater definition in the resource model and allow deeper evaluation through the new drill rig.
Brunilda Discovery Adds Near-Surface Zones
In addition to progress at La Negra, the company has also reported broad intervals of silver equivalent mineralisation at the Brunilda deposit. These zones are located near the surface and present added scope for ongoing shallow drilling efforts.
The results suggest multiple zones may be present across the project area, encouraging further geological assessment. Unico Silver is expected to build upon these findings with increased drilling intensity at Brunilda as part of its next stage of exploration.
Expanded Scope Along La Morocha Structure
Future programs will include systematic drilling along the trend extending from La Morocha, southeast of the main project area. The objective is to investigate structural repetitions that may contain additional zones of mineralisation in alignment with the regional geology.
With step-out drilling and deeper targeting now underway, Unico Silver is executing a multi-faceted campaign to map out resource continuity and identify new mineralised corridors within the Joaquin Project.
Advancing Exploration Strategy
The deployment of a second rig underscores Unico Silver’s methodical approach in enhancing resource understanding. Managing Director Todd Williams stated that the current results reaffirm the scale and development strategy underway at Joaquin, which remains one of the prominent undeveloped silver projects in the Santa Cruz region.
Unico Silver continues to advance its silver-focused exploration portfolio across Argentina, aligning its activities with broader resource development initiatives in the region
