Unico Silver (ASX:USL) said assay results from ongoing drilling at the Cerro Leon project in Argentina reported high-grade mineralization outside of the current mineral resource, according to a Wednesday Australian bourse filing.
Significant intercepts include 3.2 meters at 265 grams per tonne grade of silver equivalent from 119 meters as well as 19.8 meters at 125 grams-per-tonne grade of silver equivalent from a depth of 101 meters.
The planned 10,000 meters of phase two diamond drilling at the project is almost complete, the filing said.
The firm's shares rose 5% on market close on Wednesday.
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