Variscan Mines Set for Maiden Drill at Guajaraz Zinc Project

Variscan Mines (ASX:VAR) is about to start its first diamond drilling campaign at the Guajaraz project in central Spain. The program targets high-grade polymetallic sulphides in an area where historical production averaged 70% lead and 51% zinc, with strong silver credits. Contractor Geoplanning has been engaged to execute the campaign.

The drilling follows an 8.5 line‑km deep ground penetrating radar survey, plus geological mapping and geochemical sampling. Those surveys identified multiple high‑priority targets that Variscan now plans to test at depth. Guajaraz contains seven known mineral occurrences, centred on the historical La Unión underground mine, which operated from 1945 until the mid‑1980s through 10 levels extending 280m deep.

Chairman Tony Wehby said the company is moving into this phase with momentum. “Following our recent capital raising, the Variscan team is moving forward with renewed vigour across our entire Spanish portfolio,” he said. “While surface and underground drilling campaigns continue to expand our mineralised footprint at Novales, this maiden drilling program at Guajaraz represents an expansion of our regional exploration footprint. By deploying a targeted, diamond drilling campaign, we are testing the broader potential of this heavily mineralised, yet underexplored, polymetallic system and simultaneously securing our tenement standing heading into the final stretch of the year.”