Variscan Mines Limited (ASX:VAR) has received another set of positive assay results from the completed Phase 2 underground diamond drilling programme at the San Jose Mine, located in Cantabria, northern Spain.
Highlights
The latest set of assay results from the now completed, highly successful Phase 2 underground drilling programme at the San Jose Mine have:
• Continued to expand and infill zones of high-grade zinc mineralisation in the La Caseta Trend within the Central Zone of the San Jose Mine;
• Linked new richly mineralised intersections in between known areas of workings (Stopes 200, 191 and 193) indicating continuity within and beyond the La Caseta Trend.
Selected drill results from the La Caseta Trend (Central Zone):
• DDH NOVDD113: 33.0m @ 4.1% Zn + 0.1% Pb
• DDH NOVDD108: 12.0m @ 9.8% Zn + 0.7% Pb
• DDH NOVDDT037: 9.7m @ 9.1% Zn + 0.9% Pb
• DDH NOVDD109: 14.0m @ 5.4% Zn + 0.6% Pb
• DDH NOVDDT036: 13.3m @ 2.4% Zn + 0.1% Pb
• DDH NOVDDT025: 1.1m @ 20.0% Zn + 0.3% Pb
An additional encouraging drill result from step-out testing of adjacent near-surface mines (El Eucaliptal):
• DDH EUDDT01: 2.0m @ 4.1% Zn + 0.1% Pb
“This latest batch of high-grade drilling results adds to the already impressive body of evidence and data confirming this former producing asset hosts significant zinc-lead mineralisation,” Managing Director and CEO, Stewart Dickson, said.
“The success of the drilling at San Jose has now allowed us to focus on drill testing new regional target prospects in the Buenahora Exploration Licence which has already commenced.
“This work is aimed at demonstrating the value embodied in the overall Novales-Udias Project, as the San Jose Mine covers just 15% of the entire strike length of the mineralised structure of the Novales Trend and the recently published JORC Exploration Target confirms the mid-large scale, high-grade potential of the project.
“Further drilling at the San Jose Mine is anticipated as we proceed with mineral resource definition and a Mine Re-Start Concept Study to identify the potential economics and work-streams to support a re-start of initial, small-scale mining at San Jose.
“Strong news flow is expected over the coming months as results from our drilling and field exploration over Buenahora is combined with drilling and studies on San Jose.”
For further information please visit: https://www.variscan.com.au/
