Varsican Mines releases Porte-aux-Moines Resource

THE DRILL SERGEANT: Variscan Mines (ASX: VAR) announced a maiden JORC 2012-compliant resource calculation for the Porte-aux-Moines (PAM) volcanogenic massive sulphide (VMS) deposit within the company’s Merléac exploration licence in Brittany, France.

The JORC Mineral Resource has been calculated at:

2.2 million tonnes at 6 per cent zinc, 1.3 per cent lead, 0.8 per cent copper, 80.6 grams per tonne silver and 0.9g/t gold.

Varsican said the overall resource grade to be equivalent to 13.6 per cent zinc, (for just over 300,000 tonnes zinc metal equivalent), which according to the company, places the deposit within the first grade quartile for zinc-rich deposits worldwide.

“Despite the large amount of previous exploration and the relatively well defined nature of mineralisation within the central section of the deposit, much of the resource has been classified as Inferred, primarily reflecting the uncertainty of the precise density (SG) of mineralisation due to the modest number of density measurements completed,” Varsican Mines said in its ASX announcement.

“In addition, drill hole spacings, particularly in the shallow parts of PAM are wide and require infill work to upgrade confidence levels.

“These will be addressed in future drilling programs.”

Website: www.varsican.com.au