Variscan is hunting big zinc deposits at Buenahora
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Variscan has kicked off surface drilling at the Buenahora exploration licence, part of its flagship Novales-Udias zinc project in northern Spain.
Buenahora is considered to be a major growth prospect and the 2,000m diamond drill will seek to prove this belief by focusing on targets that have the potential to deliver regionally significant resources.
Notable targets identified by Variscan Mines (ASX:VAR) include anomalous chargeability zones derived from recent DCIP survey results, zinc-rich mineralisation adjacent to known historical mine workings, and new discoveries in untested areas of the licence.
“We are delighted to commence surface drilling on the Buenahora Exploration Licence area. This campaign directly supports a key stated objective of Variscan’s exploration plan, which is to define a regionally significant mineral resource similar in size and grade to the former producing and proximal Reocín Mine,” managing director Stewart Dickson said.
“There has been no significant exploration drilling at Buenahora for at least the last three decades.
“The zinc market has changed significantly in that time, making this area and the Novales-Udias project overall, a very attractive development project today.”
The Buenahora Exploration Licence hosts part of the 9km Novales Trend and the 3km sub-parallel Udias Trend.
While considered to be highly underexplored, the presence of historical drilling and artisanal workings are an indicator of its potential for mining.
This article was developed in collaboration with Variscan Mines, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.