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Variscan Mines Limited (ASX:VAR)
ALERT: Price-sensitive ASX Announcement for VAR
Current share price for VAR : $0.004 -0.001 (-11.11%)+
Announcement
Release
10 Jul 2026 8:22AM
Price at Release
$0.005
Full Release
Summary
Variscan Mines Limited announced the commencement of its maiden drilling programme at the Guajaraz Zinc Project in the Central Zone of the Iberian Massif, Spain. The programme aims to test high-priority zinc-polymetallic targets with a five-hole diamond drilling strategy. The Guajaraz project complements Variscan's flagship Novales-Udias zinc project in Cantabria, showcasing its extensive base-metal exploration portfolio. The drilling is designed to explore deeper carbonate-hosted replacement-type zinc mineralisation and unexploited structures. This development is aligned with the company's strategic efforts to secure a three-year extension on its tenement and highlights Variscan's robust exploration momentum supported by recent capital raising activities.
Key Points
- Maiden five-hole diamond drilling programme at Guajaraz Project.
- Focus on testing high-priority zinc-polymetallic targets.
- Project complements flagship Novales-Udias zinc project in Spain.
- Targets include deeper carbonate-hosted zinc mineralisation.
- Drilling campaign satisfies requirements for tenement extension.
- Strong exploration momentum supported by capital raising.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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