Base Metals: Variscan uncovers more zinc potential at Spanish project
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Variscan Mines’ (ASX:VAR) Spanish foray is looking good with a review and analysis of historical geochemistry data identifying multiple significant zinc anomalies at the Novales-Udias project.
These anomalies are scattered across and adjacent to historical zinc occurrences and small-scale underground mining, highlighting the potential scale of the project.
In the Brinia area, a peak soil geochemistry value of 17 per cent zinc was recorded near former workings while the Bustablado area returned substantial anomalies around Minas de Duna of up to 1km long and 500m wide that remain along strike.
Soil values at Minas de Duna reached up to 7 per cent zinc along with substantial zones grading more than 0.5 per cent zinc.
“This work highlights the multiple, large geochemical anomalies identified at surface across the tenement area. In turn, this illustrates the potential scale of the opportunity in an area with a proven history of mining,” CEO Stewart Dickson said.
“The extent and the quality of the information have further substantiated our decision to acquire the asset. Additionally, by being able to transfer this information into a digital dataset we are now in a better position to progress our exploration and development work.”
In July, the company agreed to acquire the advanced Novales-Udias and Guajaraz projects in Spain from a consortium of vendors led by Slipstream Resources Investments.
Novales-Udias is centred around the former producing Novales underground mine with a large surrounding area of exploration opportunities that include zinc soil anomalies over 2km long and close to 1km wide.
It includes a number of mining tenements and the Novales Mine is located about 80km trucking distance from the Asturias zinc smelter.
The Guajaraz project is centred around the former producing La Union underground mine together with the adjacent Mina La Blanca and Mina Manolita mines.
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