In December of 2023, Variscan commissioned Dr.
Geological and structural controls point to new targets within the
The fieldwork identified four principal elementsthat are critical in controlling fluid ingress and mineralization at San Jose, in addition to the favorable composition of the ore-hosting dolostone sequence.
Bedding orientation S1 - the axial plane of conspicuous macroscale folds (products of the D1 stress regime) D2 faults, in particular E-W trending transfer-style structures S2 (typically a fracture cleavage
The extrapolation of structural trends highlights priority exploration targets, in particular where D1 and D2 structures intersect. These zones of increased permeability favoured the deposition of Zn-Pb mineralization and as such are considered a high priority target for in-mine drill-testing .
Regional structural trends identified from the structural geological assessment have generated new targets and indicate significant upside to the current JORC-compliant Exploration Target. Variscan's proposed regional drill program aligns well with the structural trends interpreted to control Zn-Pb mineralization and will test the regional prospectivity along strike from the
The structural study consisted of a very detailed underground mapping of overprinting and geological relationships along the full strike of the San Jose mine development (c. 2600m), as well as in a number of mine drifts and stopes. This exercise has constrained the structural and geological history of the San Jose zinc deposit, resulting in a significantly improved understanding of the complex sequence of structural events and the discrete populations of structures associated with them.
The work materially advanced previous understanding by including geological overprinting relationships and structural evolution, thereby enabling consideration of the orientation, location, geometry and relative timing of mineralization relative to one or more of the structural elements. Having a working geological history has identified the principal controls on Zn-Pb mineralization at San Jose. In turn, this has allowed for recognition of structures important for localizing mineralization and that can be used as important criteria for targeting
Variscan's Managing Director & CEO,
Contact:
Managing Director & CEO
Tel: +44 (0) 7799 694195
Email: stewart.dickson@variscan.com.au
Tel: +61 2 8999 3699
Email: julia@thecapitalnetwork.com.au
About
Competent Person Statement
The information in this document that relates to technical information about the Novales-Udias project is based on, and fairly represents information and supporting documentation compiled and reviewed by Dr.
Forward Looking Statements
Forward-looking statements are only predictions and are not guaranteed. They are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of the Company. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to differ from those referred to in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, the Company, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in this announcement will occur as contemplated
(C) 2024 Electronic News Publishing, source