Key findings from Unico Silver's drilling campaign

Unico Silver (ASX:USL) has released the first assay results from its ongoing drilling campaign at the Cerro Leon project in Argentina's Santa Cruz province. The results from the initial nine drill holes at the Karina prospect reveal significant high-grade silver mineralization. The company's 5,000-meter reverse circulation drill program is expected to wrap up by December 15, 2024.

Overview of Unico Silver's strategic drilling initiative

Unico Silver (ASX:USL) has announced promising initial assay results from its Cerro Leon project in Argentina. The first nine drill holes at the Karina prospect indicate significant high-grade silver mineralization. The current 5,000-meter drill program is part of a larger 50,000-meter initiative spanning the Cerro Leon and Joaquin projects, with a revised Mineral Resource Estimate planned for late 2025. The project is strategically located in the mineral-rich Deseado Massif province, with notable results showing potential for further resource expansion. Drilling operations will expand in January 2025 with additional rigs to test deeper mineralization. Unico Silver aims to enhance its resource base while aligning foreign estimates with JORC standards.

Executive insights on drilling results and future plans

The initial nine holes have exceeded our expectations, suggesting the potential for depth extensions. Our focus remains on upgrading shallow mineralization from inferred to indicated status and defining the distribution of grades. The results will contribute to a revised Mineral Resource Estimate expected in late 2025.