Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Grande Portage Applies for Road Easement from State...
OPINION — Goldenomics 104: Trump’s Tariffs and Gold
Gold Price Rises as Powell Boosts Rate Cut...
Crypto Market Update: World Liberty Gets Coinbase Approval...
Cracker Barrel shares plummet after pushback on new...
FPX Nickel Joins Mining Association of Canada and...
West High YieldResources Ltd. Announces Exercise of Options...
NATO Defense Spending Pledge Puts Spotlight on Platinum...
Trump, Rio Tinto Push for Copper as Court...
Alice Queen
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Acquisition of Joaquin Silver District Completes

by admin October 21, 2024
October 21, 2024
Acquisition of Joaquin Silver District Completes

Unico Silver Limited (“USL” or the “Company”) refers to the announcement on 20 August 2024 regarding the proposed acquisition of Minera Joaquin S.R.L, the 100% owner of the mineral claims that make up the Joaquin project, and the 100% acquisition of the mineral titles that make up the Cerro Puntudo project (collectively the “Joaquin Project”).

Following the satisfaction of all required approvals and consents, and execution of final definitive legal agreements between Pan American Silver Corp. (“PAAS”) and USL, the Company is pleased to advise that it has completed the acquisition of the Joaquin Project.

HIGHLIGHTS

100% acquisition of two contiguous properties (Joaquin and Cerro Puntudo) totalling 35,G46Ha.Joaquin contains a historical Foreign Estimate1 of 16.7Mt at 136gpt silver equivalent (AgEq2) for 73Moz AgEq (68Moz Ag, 64koz Au) in the La Negra and La Morocha deposits.Strategically located 60km west of USL’s G1Moz AgEq Cerro Leon resource2 and portfolio, enhancing future development options, with added scale and economics.Historical Foreign Estimates exclude adjacent Cerro Puntudo mineral properties which host the along strike extensions of the La Negra and La Morocha deposits.USL is planning a comprehensive exploration program on four advanced prospects, aiming to boost current Foreign Estimates and publish a maiden JORC (2012) MRE.Historical drill holes that fall outside the current resource:La Negra Feeder: 4.5m at 16GGgpt Ag, 22gpt Au from 272mLa Negra Extension: 3m at 2723gpt Ag, 4.1gpt Au from 54mLa Morocha Extension: 8m at 226gpt Ag, 0.5gpt Au from 189mCerro Puntudo is host to numerous vein targets (Brunilda, La Esmeralda, Isabella) with high silver gold values at surface that are untested by drilling.The transaction includes camp infrastructure and a mining and access agreement valid until 2034.Upfront consideration of USD$2m funded from existing cash reserves, with future payments of USD$2m on publication of an economic study supporting a mineral resource at the Joaquin project and USD$8m on commercial production.

Cautionary Statement

(a) The estimates of mineralisation included in this announcement are foreign estimates and are not reported in accordance with the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code) and is a “Foreign Estimate”

(b) A Competent Person has not yet done sufficient work to classify the Foreign Estimate as Mineral Resources or Ore Reserves in accordance with the 2012 JORC Code.

(c) It is uncertain that following evaluation and/or further exploration work that the Foreign Estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code 2012.

The information in this Announcement that relates to foreign estimates of mineralisation has been extracted from information contained in the Company’s ASX announcement of 20 August 2024. USL confirms that it is not in possession of any new information or data relating to the foreign estimates of mineralisation that materially impacts on the reliability of those foreign estimates or USL’s ability to verify the foreign estimates a mineral resources or ore reserves in accordance with Appendix 5A (JORC Code). USL confirms that the supporting information provided in the initial market announcement of 20 August 2024 continues to apply and has not materially changed.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Seeking a historic win, Harris faces a familiar foe: Sexism
next post
InhaleRx Secures $38,500,000 Funding to Fully Fund Clinical Development Plans

You may also like

Brunswick Exploration Significantly Expands its Holdings in Greenland...

November 8, 2024

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH...

April 16, 2025

Agnico Eagle Secures Majority Stake in O3 Mining,...

January 28, 2025

5 Biggest Pharmaceutical ETFs in 2025

May 7, 2025

South Africa Courts EV Makers, China Proposes EV...

January 7, 2025

Keith Weiner: All Roads Lead to Gold Right...

March 27, 2025

Results of Placing, PDMR Dealing and Total Voting...

October 10, 2024

Gold Price Rises as Powell Boosts Rate Cut...

August 23, 2025

High-Grades up to 65g/t Au at Second Fortune...

February 10, 2025

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Grande Portage Applies for Road Easement from State of Alaska

      August 23, 2025
    • OPINION — Goldenomics 104: Trump’s Tariffs and Gold

      August 23, 2025
    • Gold Price Rises as Powell Boosts Rate Cut Expectations in Jackson Hole Speech

      August 23, 2025
    • Crypto Market Update: World Liberty Gets Coinbase Approval with Stablecoin Listing

      August 23, 2025
    • Cracker Barrel shares plummet after pushback on new logo, brand refresh

      August 23, 2025
    Promotion Image

    banner ads

    Categories

    • Business (824)
    • Economy (829)
    • Investing (2,678)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved