Variscan Mines Limited (ASX: VAR) ('Variscan' or 'the Company') is pleased to announce further progress and exploration work at the San Jose Mine, near Novales, located in Cantabria, northern Spain.

South-west extension and continuity of mineralisation from the San Jose Mine confirmed The drill-hole data indicates that there is excellent continuity of mineralisation extending, along strike, in a south-westerly direction. The style of zinc mineralisation is identical to that found at the San Jose Mine as it is predominately high-grade zinc sulphides and occurs at the same elevation. The data from this drilling extends over an area of natural caves typical of the karstic limestone structures and which has only seen limited mining activity.

Exploration & Tonnage Upside Potential

These results indicating significant exploration potential to the south west of the San Jose Mine follow on from the confirmed significant strike potential of the San Jose mineralised system to the north east, as demonstrated by the previously reported high grade drilling results from Variscan's step-out drilling and additional data. These data and the new findings will be incorporated in the ongoing work-streams and delineation of a JORCcompliant Mineral Resource Estimate, which is underway.

Valuable project drill-hole dataset enlarged

Variscan has collated and interpreted 131 historical underground drill-holes for approximately 7,398 metres. The enlarged project dataset has now been increased to 1,114 drill-holes for 95,553 metres providing an extremely cost-effective and time-saving approach to progressing towards mineral resource estimation for within and around the San Jose Mine. The newly incorporated data were generated from drilling conducted by Real Compania Asturiana de Minas ('RCAM'). RCAM was acquired by Asturiana de Zinc, SA ('AZSA') in 1983. AZSA is now owned by Glencore

Variscan's Managing Director & CEO, Stewart Dickson said, 'This additional drill-hole data shines an even brighter light on the upside potential to the south west of the San Jose Mine. Together with our own drilling and supplementary drill-hole data to the north-east we are now seeing a clear and more robust picture of the scale, continuity and quality of the zinc mineralisation beyond the immediate workings of the San Jose Mine and onto the wider 9km Novales-Udias Trend. This provides significant exploration and tonnage upside potential as well as supports our near-term objectives of mine restart evaluation.'

Contact:

Stewart Dickson

Tel: +44 (0) 7799 694195

About Variscan Mines Limited (ASX:VAR)

Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. The Company has compiled a portfolio of highimpact base-metal interests in Spain, Chile and Australia. Its primary focus is the development of its advanced zinc projects in Spain. The Company's name is derived from the Variscan orogeny, which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea

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