- Variscan Mines (VAR) reports further “positive” results from its San Jose Mine in Spain
- The company received its latest set of assays from a phase two underground drilling program involving 2278 metres of drilling
- The work continued to expand zones of high-grade zinc mineralisation in the La Caseta and Los Caracoles trends within the Central Zone
- Final results from the underground diamond drilling are expected this month
- Variscan Mines is up 8.7 per cent, trading at 2.5 cents at 3:26 pm AEST
Variscan Mines (VAR) has reported further “positive” results from its San Jose Mine in northern Spain.
The company received its latest set of assays from a phase two underground drilling program at the Cantabria mine, involving 2278 metres of drilling.
The work continued to expand zones of high-grade zinc mineralisation in the La Caseta and Los Caracoles trends within the Central Zone, along with extending the 168 Trend.
Drill results from the Central Zone included 6.1 metres at 15.6 per cent zinc and 0.8 per cent lead, and four metres at 10.4 per cent zinc and one per cent lead.
Variscan’s Managing Director and CEO Stewart Dickson said the company is pleased to deliver another set of positive drilling results at the San Jose Mine.
“Our drilling has expanded zones of mineralisation and is also realising the opportunity to expand tonnages by connecting mineralised trends over multiple levels within the deposit,” Mr Dickson said.
“Testing of step-out targets in near-surface mines adjacent to the San Jose Mine has confirmed zinc mineralisation, expanding the footprint of the mineralised system with strong prospectivity for further extensions.
“We intend investigating the potential of these targets in coming months.”
Final results from the underground diamond drilling are expected this month.
Variscan Mines was up 8.7 per cent, trading at 2.5 cents at 3:26 pm AEST.