Variscan Mines Unveils 3D Survey Linking Udías and San Jose Mines

Variscan Mines has completed a detailed 3D laser survey at its Udías Mine, revealing extensive under-explored zones and confirming a geological connection to the San Jose Mine. This breakthrough supports ongoing drilling and promises to enhance future resource estimates and mine planning.

  • 3D laser survey maps over 7,500m of underground development across six levels
  • Survey confirms Udías and San Jose Mines share the same mineralised system
  • Discovery of multiple extensions of high-grade zinc mineralisation
  • Ongoing drilling targets new zones outside current Mineral Resource Estimate
  • Upcoming milestones include assay results and Mine Re-Start Scoping Study
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A New Dimension in Exploration

Variscan Mines Limited (ASX – VAR) has taken a significant step forward in its exploration campaign by completing a high-resolution 3D laser survey of the Udías Mine. This advanced mapping effort has not only illuminated the extensive scale of the underground workings but also uncovered previously under-explored areas rich in high-grade zinc mineralisation. The survey covers more than 7,500 metres of development across six levels, providing a comprehensive digital geospatial framework that will underpin future drilling and resource modelling.

Connecting Two Mines, One System

One of the most compelling outcomes of the survey is the confirmation that the Udías and San Jose Mines are part of a single, continuous mineralised system. This geological linkage opens the door to integrating resources from both mines into a unified deposit, potentially increasing the overall resource base and enhancing the project's economic viability. The survey also identified extensions of mineralisation beyond the current Mineral Resource Estimate (MRE), suggesting substantial upside potential.

Drilling and Resource Growth Prospects

Building on the survey, Variscan is actively drilling new targets located entirely outside the existing MRE envelope. Early results from the maiden underground drilling campaign have been promising, revealing new zones of mineralisation and validating historical data that indicated the presence of high-grade zinc-rich sulphide deposits. Assay results from ongoing drilling are expected imminently and could further expand the resource footprint.

Strategic Implications and Next Steps

The digital 3D model created by the survey enables Variscan to integrate historical and current data with unprecedented precision, improving mineralisation modelling and mine planning. This technological leap supports the company’s strategy to restart production at one of Europe’s highest-grade zinc deposits. Upcoming milestones include further assay results, metallurgical and geotechnical test work, and the publication of a Mine Re-Start Scoping Study, all anticipated within the next quarter.

A Promising Outlook

Variscan’s Managing Director Stewart Dickson highlighted the value of the 3D survey in enhancing underground access and visualisation, stating it as a critical tool for unlocking the project’s full potential. With infrastructure in place and a clear path toward resource growth, the Novales-Udías Project is poised to make substantial progress in the zinc mining sector.

Bottom Line?

Variscan’s integration of cutting-edge 3D mapping with targeted drilling sets the stage for a potentially transformative resource update and mine restart.

Questions in the middle?

  • How will the upcoming assay results impact the current Mineral Resource Estimate?
  • What are the timelines and expected outcomes for the Mine Re-Start Scoping Study?
  • Could the integration of Udías and San Jose Mines lead to a re-rating of Variscan’s valuation?