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variscan mines ltd (VAR) Details

Variscan Mines Limited explores and develops mineral properties in Europe and Australia. It explores for copper, lead, zinc, gold, silver, and tin deposits. The company holds interest in the Merléac, Silfiac, Tennie, Beaulieu, Loc Enrel, Saint Pierre, and Couflents licenses located in France. It also owns interest in Olary, Broken Hill, Euriowie, Mundi Plains Callabonna, Junction Dam, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. Variscan Mines Limited was incorporated in 1987 and is based in Mt Pleasant, Australia.

Founded in 1987

variscan mines ltd (VAR) Top Compensated Officers

CEO, MD & Director
Total Annual Compensation: A$303.1K
Finance Manager
Total Annual Compensation: A$125.7K
Managing Geologist
Total Annual Compensation: A$3.9K
Company Secretary & Non-Executive Director
Total Annual Compensation: A$16.0K
Compensation as of Fiscal Year 2018.
variscan mines ltd
Variscan Mines Limited Provides an Update on the Rosario Copper Project in Chile

Variscan Mines Limited provided an update on the Rosario Copper Project in Chile. Copper mineralisation at the Rosario Prospect is assessed to be related to the up flow of fluids along the NNW Mantos Gruesos Fault zone in probable mesothermal conditions and lateral inflow of the mineralizing solutions into permeable layers of the Mantos Gruesos unit. Oxide mineralisation also was transported into a secondary NW trending fault system. The lack of intense pyritization and the overall alteration characteristics indicates low sulphidation and suggest that the primary ore is made up mainly by copper sulphides. Copper mineralisation is hosted in the calcite infill of the main structure with thicknesses up to 20 m and in permeable strata in contact with this structure. In Northern Chile, this type of mineralized structures is common in the peripheries of intrusion related ore bodies and can constitute interesting targets for Cu-Ag or Cu-Au mineralisation. Lithology At the Rosario Prospect as a result of soft reliefs and pediplanes most of the E and NW parts of the area are covered by modern regolith and polymictic gravel deposits assigned to the Atacama Gravel Unit. The lithology comprises basically volcanic and volcano sedimentary rocks, belonging to the Llanta Formation (Lower Cretaceous) and to the Mantos Gruesos sequence (Cretaceous - Paleocene). This units show a N020° structural contact defined by the Mantos Gruesos Fault were the hanging wall consist of andesites from the Mantos Gruesos unit in contact with clastic and volcanoclastic rocks from the Llanta unit. Lower Cretacic rocks comprised mainly amygdaloid and porphyritic andesites and are distributed to the East of the Mantos Gruesos Fault. No significant mineralisation has been observed in this unit, alteration is restricted to silica- epidote-calcite in voids. Upper Cretacic ­ Paleocene units consist on andesites, volcanic breccias and sandstones that were integrated as different sub units within the Mantos Gruesos sequence. These rocks show altered levels with Chlorite-Epidote alteration which is apparently controlled by the flow of fluids through regional fault systems in which the Mantos Gruesos system plays a predominant role. The only intrusive identified so far consist on a dioritic porphyry that is roughly elongated parallel to the Mantos Gruesos fault zone and is supposed to be of Oligocene age. No significant alteration or mineralisation is associated to this unit Observed mineralisation comprises chrysocolla, minor brochantite and "almagres", no primary or secondary copper sulfides were identified. It is hosted in the calcite infill of the Mantos Gruesos fault that can reach up to 20 m, and in the NW structures close to the intersection with the MGF. The small mines that are in the area are located at the crossings of these two structural systems were the mineralisation is hosted in the calcite and as coatings in fractures. In the central north part of the area copper oxides in volcanic sedimentary horizons (manto type) were observed in the Mantos Gruesos unit away from the main structural zone, indicating that the mineralisation fluids flowed out of the fault channel into permeable volcanic-sedimentary layers.

Variscan Mines Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2018

Variscan Mines Limited announced consolidated earnings results for the half year ended December 31, 2018. For the period, interest income was AUD 12,864 against AUD 1,384 a year ago. Total income was AUD 110,755 against AUD 182,453 a year ago. Loss for the period was AUD 6,235 against AUD 2,082,102 a year ago. Basic and diluted earnings per share from Continuing operations was 0.05 cents against 0.09 cents a year ago.

Variscan Mines Limited Advises That It Has Relocated Its Corporate and Registered Address from Sydney to Perth

Variscan Mines Limited advised that it has relocated its corporate and registered address from Sydney to Perth. New details are C/- Suite 8, 7 The Esplanade, Mt Pleasant Western Australia 6153.


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