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Variscan Mines Limited ( (AU:VAR) ) has issued an announcement.
Variscan Mines has reported high-grade historic underground drilling and face sampling results from the former Emilia and Margarita zinc mines within its Novales-Udias Project in northern Spain, including multiple intercepts grading above 20% zinc and lead. These results, which lie outside the current mineral resource estimate, underscore the potential to expand the project’s mineralised footprint along the Novales Zinc Trend.
The company has acquired data from 109 historic drillholes and 70 face samples, integrated them into a 1,484-hole, 113,733-metre drilling database, and completed high-resolution 3D surveys of the underground workings at Emilia and Margarita. The newly compiled information is expected to save time and costs while guiding high-priority targets for a planned surface drilling program in 2026, supporting Variscan’s ambition to establish a larger, longer-life zinc development in the region.
More about Variscan Mines Limited
Variscan Mines Limited is an ASX-listed mineral exploration company focused on zinc projects, with a key asset in the Novales-Udias Project in Cantabria, northern Spain. The company targets high-grade zinc and lead mineralisation along the San Jose-Udias and broader Novales Zinc Trend, aiming to advance district-scale exploration and development opportunities.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.11M
See more data about VAR stock on TipRanks’ Stock Analysis page.