Variscan Mines

Guajaraz

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Why Invest

Zinc

Strategy

Variscan has developed a focused exploration strategy at Guajaraz, prioritising multiple large, high-order targets that have never been tested using modern methods. With known mineral occurrences, accessible terrain, and strong early-stage results, the company is aiming to unlock value through systematic drilling and geological work.

The Guajaraz Project lies in the heart of the European Variscan Orogenic Belt and hosts seven known mineral occurrences. These are predominantly BPGC-type deposits (zinc-galena-pyrite-chalcopyrite), with the most significant being the historic Guajaraz Mine (La Unión), situated along a major geological contact between Paleozoic limestones and migmatitic rocks.

Production began at the La Union Mine in 1945 and ceased in in the mid-1980s, with limited exploration since that time.

The Guajaraz Project is a brownfield zinc-rich polymetallic opportunity located in the Central Zone of the Iberian Massif — one of the most mineralised geological regions in the world. Positioned just 60km southwest of Madrid, the project sits within a prospective crystalline plateau known for abundant hydrothermal vein systems and a long history of mining and exploration.

The project covers over 1,530 hectares under an active investigation permit 

With existing infrastructure and access already in place,  exploration is able to be conducted efficiently.

The underexplored nature of the region and proximity to Madrid make it a rare large-scale polymetallic target with short-term drill potential.

Historical mining at the Guajaraz Mine has confirmed the presence of high-grade zinc and polymetallic mineralisation, but the area remains largely underexplored using modern techniques.

Foreign and historic non-JORC compliant resource estimate of 5Mt compiled by ENADMISA in 1990

Recent mapping and sampling under Variscan’s licence returned high-grade assays and identified six high-priority drill target areas.

Mineralisation remains open along strike and at depth, offering compelling potential for near-surface discoveries.