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- Variscan Mines (VAR) reports “high-grade” zinc results from surface drilling at its San Jose mining licence in Spain
- Assays from the drilling work confirm peak grades of 16.02 per cent zinc and 0.71 per cent lead over a six-metre intersection
- The results come from step-out drill holes north of the project’s existing Main Zone and represent the same style of mineralisation
- As such, Variscan interprets the fresh mineralisation to be a continuation of the same mineral system as the Main Zone, along the seven-kilometre Novales Trend
- Variscan Mining shares shot up 20 per cent to 1.8 cents at 11:08 am AEDT
Variscan Mines (VAR) has reported “high-grade” zinc results from surface drilling at its San Jose mining licence in Spain.
Assays from the drilling work confirmed results such as a 22-metre intersection at 8.16 per cent zinc and 0.23 per cent lead, as well as a six-metre intersection a 16.02 per cent zinc and 0.71 per cent lead.
Variscan said the results came from step-out drill holes north of the project’s existing Main Zone and represent the same style of mineralisation.
As such, the Australian mineral exploration firm interpreted the fresh mineralisation to be a continuation of the same mineral system as the Main Zone, along the seven-kilometre Novales Trend.
“When we reported drilling results at Buenahora towards the end of January 2023, I mentioned our expectation for reporting promising assay results from the step-out drill holes at San Jose Mine,” VAR CEO and Managing Director Stewart Dickson said.
“These results, published less than a month later, strongly indicate the continuity of the mine’s mineralisation being part of the same extensive mineralised system. These results have made it clear that additional exploration drilling is merited.”
Variscan said the new data, combined with historical results, positioned it to develop a revised geological model for the project. It is continuing to work towards a maiden mineral resource estimate.
Variscan Mining shares shot up 20 per cent to 1.8 cents at 11:08 am AEDT.
