The results provide significant exploration and tonnage upside potential as well as supports our near-term objectives of mine restart evaluation. Pic via Getty Images.
Mining
The extension of mineralisation along strike has been revealed from new data collected by Variscan Mines, comprising 131 historical drill holes for 7,398m.
Variscan Mines (ASX:VAR) says the drill-hole data indicates there is “excellent” continuity of mineralisation extending in a south-westerly direction after materially enlarging the company’s drillhole database at San Jose, now consisting of 1,114 holes for 95,553m.
The explorer says selected diamond drilling results, including 10.90m at 12.01% zinc and 0.62% lead, and 14.85m at 8.17% zinc and 0.64% lead, over largely unmined areas indicate a linkage over 1.4km between the San Jose mine and the far more extensive Udias workings.
It also provides an extremely cost-effective and time-saving approach to progressing towards mineral resource estimation for within and around the San Jose Mine.
These results also follow on from the confirmed strike potential of the San Jose mineralised system to the northeast, as demonstrated by the previously reported high grade drilling results from Variscan’s step-out drilling.
The new findings, which provide a cost-effective approach to progressing towards mineral resource estimation for within and around the San Jose Mine, will be incorporated in the ongoing work-streams and delineation of a JORC mineral resource estimate, which is underway.
“This additional drill-hole data shines an even brighter light on the upside potential to the southwest of the San Jose Mine,” Variscan’s Managing Director and CEO Stewart Dickson says.
“Together with our own drilling and supplementary drill-hole data to the north-east we are now seeing a clear and more robust picture of the scale, continuity, and quality of the zinc mineralisation beyond the immediate workings of the San Jose Mine and onto the wider 9km Novales-Udias Trend.
“This provides significant exploration and tonnage upside potential as well as supports our near-term objectives of mine restart evaluation.”
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.
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