Deccan Gold Mines Commences Diamond Drilling at Bhalukona and Logrosan Critical Mineral Projects

Deccan Gold Mines Limited has announced significant progress in its critical mineral exploration activities, with diamond drilling operations now underway at two key projects. The company disclosed these developments under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Deccan Gold Mines Limited has commenced diamond drilling at two critical mineral projects – the Bhalukona Ni-Cu-PGE project in Chhattisgarh and the Logrosan Tungsten Project in Spain. The Bhalukona drilling targets subsurface geology below areas with anomalous rock chip samples and promising geophysical signatures, while the Spanish project aims to test tungsten zones to declare a maiden mineral resource. The company expects to share drilling results with shareholders in the coming weeks, supporting India’s strategic critical minerals initiative.

The Bhalukona project drilling is specifically designed to test subsurface geology and mineralisation with focus below areas where the company has collected anomalous rock chip samples that coincide with promising geophysical signatures. This systematic approach aims to validate the mineral potential identified through preliminary exploration activities. For the Logrosan Tungsten Project in Spain, drilling activities are targeting previously identified tungsten zones, including those identified by the company’s partners. The primary goal is to establish sufficient data to declare a maiden mineral resource for the project, marking a significant milestone in the asset’s development.

Dr Hanuma Prasad Modali, Managing Director of Deccan Gold, emphasised the strategic importance of these drilling activities in supporting India’s critical mineral objectives. He highlighted that the Government of India has rightly prioritised critical minerals as a strategic imperative for achieving Atmanirbhar Bharat and leading the global energy transition.