VARISCAN MINES LIMITED

VARISCAN MINES LIMITED (ASX: VAR)

Variscan Mines Limited reports progress at the San Jose Mine in Cantabria, northern Spain, with an upgraded and expanded drill-hole database.
A 3D model of mineralization and mine development has been constructed, highlighting in-mine and near-mine prospective zones for future exploration.
The company is progressing towards publishing a maiden JORC-compliant Mineral Resource Estimate for the San Jose Mine.

2023-05-25 09:57:00

Variscan Mines has issued 51,388,889 shares at $0.018 each under the first tranche of the placement.
The shares have been issued under the Company's existing placement capacity pursuant to Listing Rules 7.1 and 7.1A.
The Company now has a total of 318,120,913 ordinary shares in issue and a notice of General Meeting for the second tranche of the placement is expected to be published shortly.

2023-03-22 09:40:00

Variscan Mines has raised $1.85 million in capital.
Zinc GroupCo Pty Ltd was the primary investor, subscribing for $1.3 million and may provide funding of up to $2.3 million
The funds will go towards completing a Concept Study for the San Jose Mine, with Zinc GroupCo's experience and capabilities assisting with future zinc product marketing and trading.

2023-03-09 10:25:00

Variscan Mines Limited is pleased to report high grade zinc assay results from surface diamond drilling on the San Jose mining licence.
Highlights include confirmation of thick, high-grade, sulfide zinc-mineralised lenses, representing the same style of mineralisation as the main zone of the underground San Jose Mine and along strike.
Results indicate that further exploration drilling is strongly warranted, with modelling of drilling data well advanced to develop an extensively revised geological model towards a JORC-compliant Mineral Resource Estimate for the San Jose Mine in 2023.

2023-03-02 08:58:00

Encouraging visual mineralisation recorded from 2 surface, diamond drill holes located c. 1,200m north-east along strike of the San Jose Mine stopes
Core logging suggests intervals in excess of 20m of continuous zinc mineralization intersected and appears to be a continuation of the same mineral system
Assay results expected imminently

2023-01-30 09:59:00