Variscan Mines Reports Significant Zinc Discoveries and Government Support

Variscan Mines Limited ( (AU:VAR) ) just unveiled an announcement.

Variscan Mines Limited has reported significant progress in its zinc exploration activities at the Novales-Udias Project in northern Spain. The company announced high-grade zinc intersections from its maiden underground drilling at the Udias Mine, indicating potential for resource expansion beyond the current Mineral Resource Estimate. Additionally, exceptional drilling results from the San Jose Mine suggest a potential feeder zone, bolstering the project’s prospects. The Government of Cantabria has expressed strong support for Variscan’s plans to restart mining operations, enhancing confidence in the permitting process. The company is advancing technical studies to fast-track a return to production, aiming to capitalize on the high-grade mineralization of its assets.

More about Variscan Mines Limited

Variscan Mines Limited is a mining company focused on zinc exploration and production. The company operates primarily in the Basque-Cantabrian Basin in northern Spain, with key projects including the Novales-Udias Project, which encompasses the San Jose and Udias Mines.

Average Trading Volume: 3,140,458

Technical Sentiment Signal: Buy

Current Market Cap: A$5.48M

For a thorough assessment of VAR stock, go to TipRanks’ Stock Analysis page.