Mining Project
Cerro León
General Information
- Investment Company: UNICO SILVER
- Source of Capital: Australia
- Address: Level 4, 100 Albert Road, South Melbourne VIC 3205 - Australia
- Phone: +61 3 9692 7222
Project Details
– Location
Santa Cruz Province
– Description
Polymetallic vein system
– Minerals
Gold - Lead,Silver,Zinc
– Stage
Advanced exploration
– Resources & Reserves
- 16.46 Mt at 172 g/t Silver Eq (72 g/t Silver, 0.65 g/t Gold, 1.2% Zinc + Lead) for 92Moz Silver Equivalent (Indicated and Inferred Resources)
Additional Comments
- Cerro Leon which includes the Pingüino (100% Unico Silver) and Conserrat (80% Unico Silver) vein districts located 15km apart, with both assets consolidated in November 2022 via a transaction with ASX listed Austral Gold Limited.
- Cerro Leon is located 130 km northwest of port town San Julian and is centred on the same geological trend that is host to the Cerro Vanguardia mine, where historical and current reserves exceed 9 Moz of gold and 140 Moz of silver.
- Pingüino is made up of four contiguous mining titles totalling 9,966 Ha and is host to the second largest vein field in Santa Cruz (behind Cerro Vanguardia) with measured dimensions of 12 km by 9 km. Mineralised veins are up to 13m wide in outcrop and cover a combined strike of 115 km.
- Conserrat is made up of one title for 8696 Ha located 15km south of Pingüino. The project is host to an epithermal vein field that partially outcrops over an area of 25km2, within ‘erosional windows’ of younger volcanic and sediment cover. High grade silver mineralisation has been defined at six prospects.
- Cerro Leon Drill Planning with focus on: Low-risk resource extensions; conversion of Inferred resources to Indicated; 35 prospects prioritized for high-impact discovery drilling
- Next Steps: Cerro Leon Resource Growth – Increase Cerro Leon mineral resource to >150 Moz Silver Equivalent