Australian mining company Unico Silver drills 1,813 g/t silver equivalent at Joaquin project in Argentina
2026-06-23 14:22
Favorite

en.Wedoany.com Reported - Australian junior mining company Unico Silver Limited has released assay results for 46 drill holes totaling 6,631 meters at its Joaquin project, located in the Deseado Massif of Santa Cruz Province.

Project highlights include: Drill hole JDD276-26 intersected 378 g/t silver equivalent (AgEq) over 52.3 meters, including a 8.5-meter interval grading 1,813 g/t AgEq, with associated grades of 3.3 g/t gold and 100 g/t silver. This mineralization is located 50 meters below the discovery hole (drill hole JDD028-25), confirming that gold grades increase with depth. The Breccia Puntudo zone has confirmed high-grade gold mineralization, meeting conditions for upgrading from inferred to indicated resources. The La Negra SE zone has extended mineralization both below the current resource boundary and along strike.

Other significant results outside the mineral resource estimate include: Drill hole JDD240-26 returned 137 g/t AgEq over 78 meters from 91 meters, including 467 g/t AgEq over 10.1 meters from 133.2 meters; drill hole JDD267-26 returned 94 g/t AgEq over 74.2 meters from 1.8 meters, including 210 g/t AgEq over 11.5 meters from 57 meters.

Drilling exploration has been temporarily completed, with the focus now shifting to pre-feasibility study activities, including geotechnical studies, phase two environmental studies, and hydrogeological surveys. Managing Director Todd Williams emphasized that these results demonstrate the potential for resource growth beyond the current mineral resource estimate of 167 million ounces AgEq (including 123 million ounces of silver and 521,000 ounces of gold). Since September 2025, the project has accumulated a total of 268 drill holes, with a total meterage of 38,661 meters.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com