Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL

Current share price for USL : $0.695 0.095 (15.83%)⁺

Announcement

High Grade Drill Results Extend Joaquin MRE

Release

7 May 2026 9:16AM

Price at Release

$0.600

Full Release

Summary

Unico Silver Limited announced significant high-grade drill results from the Joaquin Project, extending the Mineral Resource Estimate (MRE) and supporting the potential for future resource growth. The results include substantial silver and gold mineralization at the La Negra SE, La Morocha SE, and Breccia Puntudo prospects. The drilling program, which reported assays for 75 drill holes totaling 9,563 meters, continues to demonstrate strong continuity of mineralization, indicating an increased resource base beyond the March 2026 MRE. Unico Silver aims to convert resources into higher confidence categories, enhancing their development pipeline. The company holds a 100% interest in the Cerro León and Joaquin silver-gold districts, reinforcing their position as a substantial silver developer.

Key Points

Significant drill results extend Joaquin MRE.
75 drill holes completed, totaling 9,563 meters.
High-grade silver and gold mineralization confirmed.
Prospects include La Negra SE, La Morocha SE, and Breccia Puntudo.
Resource growth supported beyond March 2026 MRE.
Strategy to convert resources to higher confidence categories.
Unico Silver holds 100% interest in Joaquin district.
Plans to develop a scalable, high-margin oxide inventory.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.