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Highlights
- Unico Silver uncovers new mineral zone at La Morocha SE
- Ongoing drilling extends scope at La Negra
- Momentum builds at Cerro Puntudo towards future resource growth
Unico Silver (ASX:USL) is deepening its exploration efforts at the Joaquin Project in Argentina, with new drilling identifying a second major discovery within the same month. While the company is not currently part of the ASX 200 stocks category, its continued momentum and active exploration campaign have attracted attention among observers of emerging silver explorers.
The most recent development comes from drilling activity southeast of the existing La Morocha deposit, where a fresh mineralised zone — now named La Morocha SE — has been delineated. This new zone shows significant structural continuity and promising geology, adding a notable dimension to the scope of ongoing resource work at Joaquin.
The discovery follows closely on the heels of earlier success this month at the La Negra prospect, which lies nearby within the same project area. Drilling at La Negra confirmed an extended strike length and opened up additional target areas along its southeast extension. Notably, both these discoveries push mineralisation well beyond the boundaries of a 2013 foreign mineral resource estimate, expanding into the underexplored Cerro Puntudo tenement.
At La Morocha SE, three diamond drill holes were completed, confirming continuity of mineralisation along a substantial strike length and depth range. The company has confirmed that this new zone remains open to the south and at depth, presenting further scope for expansion.
Meanwhile, at La Negra, recent infill drilling helped validate historical data and uncovered new areas of shallow silver mineralisation not previously highlighted in geological models. The structure’s scale and mineral continuity point to the potential for an upgraded resource estimate in the future.
Both discoveries align with the company’s wider strategic roadmap, described as the “Plus150” initiative, focused on increasing total silver-equivalent resources across its Joaquin and Cerro Leon projects. Unico Silver is targeting the release of a new mineral resource estimate in early 2026, and the latest results from Cerro Puntudo appear to support steady progress toward that goal.
With control over key ground positions and encouraging geological trends, Unico Silver continues to solidify its position within Argentina’s silver exploration sector. As it works toward refining its resource estimates and expanding mineralised zones, these back-to-back discoveries may represent important steps in reshaping the long-term potential of the Joaquin project.
