Variscan Mines begins five hole drilling program
- Variscan Mines announced that its upcoming five-hole diamond drilling campaign at the Guajaraz Project in Spain will begin shortly.
- The company's stock remained steady as the announcement confirmed preparation is underway following recent crop harvests.
- The exploration expansion aims to fulfil operational requirements to secure a three-year tenement extension in September.
Variscan Mines (ASX:VAR) will soon begin a five-hole diamond drilling programme covering 1,430m at its Spanish project.
The campaign follows the completion of extensive geological mapping, geochemical sampling, and a deep ground-penetrating radar survey.
The company engaged contractor Geoplanning to execute the campaign designed to target zinc-rich polymetallic mineralisation.
The imminent drilling campaign satisfies the operational requirements necessary to file for a three-year tenement extension in September.
Following the announcement, the Variscan Mines share price was unchanged at $0.005.
The exploration expansion runs parallel to ongoing underground and surface campaigns at the flagship Novales-Udias Zinc Project in Cantabria.
The active exploration fronts are backed by a capital raising completed by Variscan on May 11.
