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Variscan Mines Ltd.
Summary
| Project: | Merleac | |
|---|---|---|
| Deposit: | Porte-aux-Moines | |
| Location: | France | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 6/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2016: Variscan Mines Ltd. announces a Resource Estimation report for its Porte-aux-Moines deposit at the Merleac project. Amended Initial resource estimate for Porte-Aux-Moines deposit at Merleac. Variscan Mines Limited (ASX: VAR) refers to the annou | |
| Resources: | (Resource, I+I): 2.2Mt @ 6.0% Zn, 1.3% Pb, 0.8% Cu, 80.6g/t Ag, 0.9g/t Au | |
| CP/QP: | [Resources]: Michael Job (QG Australia Pty Ltd.) | |
| ABSTRACT: | Variscan Mines Limited (ASX: VAR) refers to the announcement dated 6 June 2016 entitled “High Grade Maiden Resource for Porte-Aux-Moines Zinc Deposit”. Attached is an amended version of that announcement. Variscan Mines Limited (ASX: VAR) is pleased to advise that it has completed a maiden JORC 2012 Mineral Resource estimate for the zinc-rich Porte-aux-Moines (PAM) volcanogenic massive sulphide (VMS) deposit within the Merléac exploration licence in Brittany, France. The Mineral Resource is 2.2 million tonnes grading 6.0% zinc, 1.3% lead, 0.8% copper, 80.6 g/t silver and 0.9 g/t gold. The overall resource grade is equivalent to 13.6% zinc*, (for just over 300,000 tonnes zinc metal equivalent) which places the deposit within the first grade quartile for zinc-rich deposits worldwide (see Figure 1). The robust and high grade PAM Resource has been defined from the extensive and high quality exploration and underground development work completed by the French Bureau de Recherches Géologiques et Minières (BRGM). Potential to expand the resource is apparent, particularly within the hanging wall zones (e.g. HW1) at depth and to the west, where previous work indicated the possible continuation of the mineralised system. | |
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