Variscan Mines Limited announced strong assay results from its ongoing underground drilling at the Udías Mine in northern Spain. The latest diamond drillholes have intercepted high-grade zinc and lead mineralisation in previously undrilled areas, with intervals such as an 8.00‐meter section reporting 9.60% zinc and a subsequent 10.00-meter section showing 5.58% zinc, along with similar high-grade results from other holes. These impressive grades corroborate with historical face sampling and suggest that the current mineral resource model may not fully capture the prospect’s potential. The drilling campaign, which incorporates cost-effective, short-length drillholes (up to about 30 meters), is targeting new zones outside the existing Mineral Resource Estimate. Variscan Mines Limited noted that the intercepts correlate well with exceptionally high-grade historical data and indicate significant lateral and possibly vertical extensions beyond the current model. The company’s approach—focusing on zones that have historically been underexplored and that are geologically linked to the San Jose Mine—supports the view that production from earlier zinc oxide operations did not fully leverage the sulphide mineralisation potential. Management indicated that the continued drilling program is designed not only to expand the current resource by linking known zones but also to explore new mineralised trends along the mine development. The strategic plan includes integrating these results with future metallurgical and geotechnical test work for an updated mine re-start study, further underlining the project’s growth prospects. Bullish versus Bearish Sentiment: The news is bullish for investors as the robust assay results and the discovery of high-grade intervals outside the current resource area suggest significant upside potential. The high zinc percentages, strong correlation with historical data, and continued expansion into new target zones create an encouraging outlook for the future scale of the project. On the bearish side, risks remain associated with integrating new drilling data into existing models and the inherent uncertainties of exploration drilling programs. However, the alignment of recent results with past high-grade outputs and the systematic approach to exploring untested zones may help mitigate these concerns for early-stage traders.