Foundational 162Moz AgEq JORC Mineral Resource at Cerro Leon and a 73Moz AgEq historical Foreign Estimate at Joaquin.
Well funded ongoing drilling continues to deliver wide, shallow oxide silver‑gold intercepts suited to open‑pit mining.
Pre‑Feasibility Study workstreams active.
Unico Silver holds a 100% interest in the Cerro Leon and Joaquin silver-gold districts, located in the heart of Argentina’s premier precious metals province, Santa Cruz.
Unico managing director Todd Williams told Stockhead the company was aiming to have its first economic study out in the current half, in line with Argentina’s RIGI investment framework, which provides incentives for new developers. “Essentially, what we’re trying to do is position the project as being Argentina’s next silver mine,” he said.
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Lowell’s next-biggest holdings include gold juniors Astral Resources and Freegold Ventures, as well as Unico Silver, formerly E2 Metals, a $600 million market cap explorer which has several projects in Argentina. Lowell last month topped up its position in both Astral Resources and Unico Silver.
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Unico Silver (ASX:USL) has returned assays from ongoing drilling at the wholly owned Joaquin Project in Santa Cruz, Argentina. Assays are from 31 drillholes across 4,782m with infill and extensional drilling at the La Negra SE prospect confirming broad, shallow zone of oxide silver-gold mineralisation over 850m strike and 175m vertical extent.
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Unico Silver (ASX:USL) has increased its share purchase plan to raise a total of $10.32 million, after originally seeking $5 million. The company received applications to raise more than $19 million in this funding initiative, with applications closing on 17 December 2025.
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