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The latest update is out from E2 Metals Ltd. ( (AU:USL) ).
Unico Silver has reported exceptional new drill results from the La Negra SE prospect at its Joaquin Project in Argentina, with standout hole JDD113-25 returning 107 metres at 165 grams per tonne silver equivalent from 18 metres, among several broad, shallow oxide silver-gold intercepts over an 850-metre strike that remain open to the southeast and at depth. The continuity and thickness of these mineralised zones, with true thicknesses ranging from 15 to 75 metres, support the potential for bulk open-pit mining and have prompted the company to move directly to a Pre-Feasibility Study-level Mineral Resource Estimate covering La Negra, La Negra SE and La Morocha, while ongoing drilling, geotechnical and comminution programs, and the newly defined La Rubia silver anomaly indicate that Joaquin is transitioning rapidly from exploration to development with additional growth potential along strike.
The most recent analyst rating on (AU:USL) stock is a Hold with a A$0.92 price target. To see the full list of analyst forecasts on E2 Metals Ltd. stock, see the AU:USL Stock Forecast page.
More about E2 Metals Ltd.
Unico Silver Limited is an Australia-listed precious metals explorer and developer focused on silver-gold projects, with its flagship 100%-owned Joaquin Project located in Santa Cruz, Argentina. The company is advancing multiple near-surface oxide deposits, targeting conventional open-pit mining opportunities to establish a significant silver-gold resource base in the region.
Average Trading Volume: 4,863,111
Technical Sentiment Signal: Buy
Current Market Cap: A$543.1M
For detailed information about USL stock, go to TipRanks’ Stock Analysis page.