Unico Silver Limited’s Drilling Breakthrough: 69m @ 163gpt AgEq in New La Morocha Discovery Sparks Ambitious 150M Oz AgEq Resource Target in Argentina
Monday, July 28, 2025
at
9:04 am
Unico Silver Limited today announced a promising discovery at its Joaquin Project in Argentina. Strong drilling results at La Morocha reveal expansive mineralization, open in all directions and offering significant resource growth opportunities—an exciting development poised to attract investor attention.
Unico Silver Limited has announced a major breakthrough on its wholly owned Joaquin Project in Santa Cruz, Argentina. Recent drilling has confirmed a new mineralised zone, designated as La Morocha SE, located southeast of the existing La Morocha deposit. Notably, one standout drill hole, JDD028-25, intercepted 69 meters of mineralisation at an impressive 163 grams per tonne silver equivalent, which includes an 8.5‐meter interval grading 656 grams per tonne silver equivalent. These numbers reflect both silver (at 94 g/t) and gold (at 0.9 g/t) contributions, emphasizing the high-grade nature of the discovery.
The new zone extends over a strike length of approximately 350 meters, has a vertical extent of 175 meters and a consistent thickness between 35 to 45 meters. Unico Silver’s drill results suggest that the mineralisation improves at depth and remains open in all directions, positioning the underexplored Cerro Puntudo tenement as a key area for future resource growth. This discovery is the company’s second major find in July and supports its strategic PLUS 150 target, which aims for 150 million ounces silver equivalent in free-milling, pit-constrained resources. With further assay results from an additional 27 drill holes pending and a revised Mineral Resource Estimate expected early next year, the company is focused on advancing its resource growth ambitions.
The technical indicators, including detailed intercept lengths, grades and the step-out drilling strategy, underline the potential for expanded free-milling oxide gold and silver mineralisation. These promising drill results could enhance near-term investor sentiment, positioning Unico Silver as one to watch in the precious metals exploration sector.
Bullish sentiment arises from the rapid pace of discovery and the clear indication that the mineralisation is extending significantly beyond previous boundaries. The strong intercepts, coupled with the open nature of the deposit along strike and at depth, underscore the potential for substantial future resource expansions that could drive long-term value creation. Conversely, bearish concerns may focus on the early stage of exploration, uncertainties surrounding further assay confirmations and the requirement for a revised resource estimate to fully capture the growth potential. Investors should weigh the robust initial technical results against the typical risks inherent in early-stage mining developments.