Deccan Gold announces discovery of nickel-copper-PGE mineralization through drilling at its Bhalukona composite licence in Chhattisgarh.
First drill hole intersected 30m of potentially economic sulphide mineralization averaging 0.4% Ni_Eq, with highest grade of 2.6m at 1.25% Ni_Eq.
Company has completed 1200m of core drilling in 7 holes along 1.3km strike length, with assay results pending for remaining holes.
Managing Director states discovery validates project potential and company is accelerating drilling to define mineable resource and fast-track mining lease applications.