Variscan Mines Uncovers High-Grade Historic Zinc Results Across Novales Trend in Spain
Historic surface drilling confirms extensive high-grade zinc mineralisation across the Novales Trend, reinforcing district-scale growth potential at Variscan’s flagship Spanish zinc assets
Variscan Mines (ASX: VAR) has reported a series of high-grade historic surface drilling results across the Novales Trend at its flagship Novales-Udías Zinc Project in northern Spain, further strengthening the Company’s view that the district hosts significant untapped exploration and development upside.
The newly compiled historic drilling dataset highlights multiple high-grade zinc intercepts along the Novales Trend, located within the broader Novales-Udías Project area in the Basque-Cantabrian Basin, one of Europe’s premier zinc provinces and home to the world-class Reocín zinc mine.
The historic results support Variscan’s strategy to rapidly advance the district through a combination of resource growth drilling, mine restart studies and district-scale exploration targeting.
Key highlights from the announcement include:
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Multiple high-grade historic zinc drill intercepts identified along the Novales Trend
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Results extend well beyond the current Mineral Resource Estimate and reinforce the scale potential of the broader Novales-Udías district
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Historic drilling data significantly enhances Variscan’s geological understanding and drill targeting capability
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Data supports upcoming approved surface drilling programs designed to expand mineralisation around the San José Mine and along strike
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Novales-Udías Project strategically located approximately 80km from Glencore’s San Juan de Nieva zinc smelter
Variscan has previously advised that it secured approval for a substantial surface drilling campaign comprising 69 diamond drillholes for approximately 13,800 metres across the mining licence areas.
The Company believes the historic drilling results continue to demonstrate the continuity of high-grade zinc mineralisation throughout the Novales Trend and further support the potential for resource expansion and future mine development activities.
The Novales-Udías Project is emerging as one of the most advanced zinc development projects in Europe, underpinned by existing mining licences, established infrastructure, historical mining operations and strong regional government support.
Variscan has continued progressing its “Explorer-Producer” strategy in Spain, with ongoing technical workstreams feeding into the San José Mine Re-Start Study and permitting pathway. The Company has also materially expanded its geological database through the acquisition of more than 146 historic drillholes totalling over 52,000 metres across the district.
The project sits within trucking distance of major European smelting infrastructure and is positioned to potentially benefit from increasing focus on critical mineral supply security and domestic European metals production.
About us:
About Variscan Mines
Variscan Mines is an ASX-listed exploration and development company focused on advancing its portfolio of high-grade zinc projects in Spain.
The Company’s flagship Novales-Udías Zinc Project is located in the Basque-Cantabrian Basin of northern Spain, one of the world’s premier zinc regions and home to the historic Reocín Mine, formerly one of Europe’s largest zinc operations.
Variscan is focused on advancing the San José Mine toward a potential production restart while simultaneously growing the broader Novales-Udías mineralised system through ongoing exploration and underground drilling programs.
The Company’s strategy is centred on becoming a near-term European zinc producer at a time of increasing focus on critical raw materials supply security and domestic sourcing within Europe.
Contact details:
Media & Investor Enquiries
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Chloe Hayes
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