Variscan drilling hits high-grade zinc piles in San Jose

Drilling indicated that a lot of zinc remains at the San Jose de Variscan mine in Spain following the intersection of several lenses of mineralization.

In the Southwest Zone, new laterally extended and high grade mineralized lenses were intersected above and below the previously mined main drift with assays returning an initial result of 4 m grading 11.99% zinc in a wider area of ​​13.2 m at 5.54% zinc.

There is significant potential for further extensions with Varisque mines (ASX: VAR) noting that the zone remains open to the south, which opens the way for drilling to find more mineralization.

At the Los Caracoles trend, the trend direction was extended by more than 180 m after drilling mineralized lenses intersected below the level of the main drift.

Results such as 3m at 9.1% zinc in a 7m intersection grading 6.44% zinc are clear signs that infill drilling is warranted.

Taken together, the results validate the Company’s conceptual model of the San Jose Mine as a multilayer deposit with vertically stacked subhorizontal high-grade mineralized lenses of varying thickness that are compatible with sulphide deposits in the Mississippi Valley. -Type lead-zinc quarters.

san jose varisques mines zinc drilling section
Plan view of selected mineralized intersections from drilling in the SW zone and the area of ​​worksite 147 of the Los Caracoles corridor. Photo: Supplied

“The discovery of new high grade mineralized lenses above and below the main drift in two separate areas of the mine strongly suggests that there is considerable scale and tonnage potential,” said the general manager Stewart Dickson.

“The drill results from the SW Zone, where mining ceased in the late 1990s, represent real exploration success as we had no historical data to work from.

“They are particularly encouraging as they have discovered high grade mineralized lenses above and below the level of the main gallery, with the deposit remaining open to the south.”

He added that the discovery of several lenses below the level of the main gallery in Los Caracoles warrants the company’s early assessment that this target merits drilling.

“The increasingly prevalent presence of mineralization immediately below the main drift in many parts of the mine is very important for future drilling and development scenarios. We will be following these exciting results with our next drilling campaign, which should begin this month, ”concluded Dickson.

Look ahead

Variscan plans to conduct follow-up underground drilling during the current quarter to test the vertical and lateral extensions of the mineralization, find new lower lenses and infill drilling in the identified mineralized lenses.

In addition, it will also conduct a geophysical survey of surface drill targets on the Buenahora license area and begin surface drilling to test extension extensions near San Jose once its application is approved.

The company also expects to receive and interpret assay results from the Guajaraz project drilling in Castilla La Mancha.

This article was developed in collaboration with Variscan Mines, a Stockhead advertiser at the time of publication.

This article is not advice on financial products. You should consider getting independent advice before making any financial decisions.

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