Variscan Mines (ASX:VAR) reports historic high-grade zinc-lead assays at Udias Mine

Variscan Mines Limited (ASX:VAR) has compiled and reported historic high-grade zinc-lead assay results from the Udias Mine, confirming mineralization outside the current Mineral Resource Estimate footprint. The results include very high-grade zinc-lead sampling results, with the potential to grow the Mineral Resource and unlock further value from the Novales-Udias Project. The company is set to commence underground drilling at Udias Mine next month, with the aim of updating the Mineral Resource Estimate by year end.

Variscan Mines (ASX:VAR) Managing Director & CEO, Stewart Dickson's commentary

These super high-grade zinc-lead sampling results are very exciting ahead of Variscan drill-testing the Udias Mine complex for the first time. With drilling in these areas about to start, we remain on track to update the Mineral Resource Estimate by year end. We believe that a sizeable tonnage of high-grade zinc sulphide mineralization remains and has been untouched for nearly a century. With the potential to grow the Mineral Resource, the opportunity to unlock further value from the outstanding and newly enlarged Novales-Udias Project continues to be apparent. We continue to progress one of the highest-grade, development stage zinc deposits in Europe towards re-starting production.

Summary of Variscan Mines (ASX:VAR) announcement

Variscan Mines (ASX:VAR) has reported historic high-grade zinc-lead assay results from the Udias Mine, indicating mineralization outside the current Mineral Resource Estimate footprint. The company is set to commence underground drilling at Udias Mine next month, aiming to update the Mineral Resource Estimate by year end. The Novales-Udias Project continues to progress with milestones expected in H2 2024, including the publication of a Mine Re-Start Study. Variscan's Managing Director & CEO, Stewart Dickson, expressed excitement about the potential to grow the Mineral Resource and unlock further value from the project, emphasizing the company's commitment to re-starting production and the development of high-grade zinc deposits in Europe.