Variscan Mines has completed the second tranche of its $5 million placement, issuing over 1 billion shares at $0.004 each, with strong director participation and shareholder approval for options and a name change to Altoro Metals.
Variscan Mines is set to begin a 1,430-metre diamond drilling campaign at its Guajaraz polymetallic project in central Spain, aiming to test high-priority zinc and associated base metal targets and secure a tenement extension.