Variscan Mines Ltd (ASX:VAR)

Commencement of Novales Mine Survey

Highlights

What's happened?

Variscan Mines Limited (ASX:VAR) have announced the commencement of a 3D laser survey of the San Jose – Novales underground mine.

What are the key highlights?

A 3D laser survey of the former producing high grade zinc mine has commenced.
The survey will calculate the extent of mine development as well as identify in-situ and potential extensions of mineralisation.
The survey data will enable a depletion model to be applied to the +20,000m historical underground drill-hole database collated.
The survey team are expected to be on site for +1 week with results available in early August.
It is a further step forward to high-impact underground drilling and identifying early production opportunities.

Managing Director's Summary

"Variscan is on track towards a maiden mineral resource estimate at the San Jose-Novales Mine. The 3D survey is important as it will significantly improve our understanding of the mine and advance our readiness for a high impact underground drilling programme shortly. We look forward to reporting the results of the survey work in early August."

Stewart Dickson

Managing Director, Variscan Mines Ltd

Ask Stewart Dickson a question...

Download Announcement

View this announcement as well as our full profile on the company.

View Announcement

View VAR's Full Profile

How do I invest?

Considering investing in Variscan Mines Ltd?
Here's how to get started.

1

Create account

Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.
Sign up now »
2

Search for ASX:VAR

On your online investment platform search for the stock ticker code ASX:VAR to bring up the company's shares.
3

Buy shares

Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.

Trade for $9.50