Key Quantitative Figures

  • Seven diamond drill holes completed covering nearly 3,000 metres
  • Drill hole LDD017 intersected 1.21% WO₃ at 535 metres depth
  • Drill hole LDD016 intersected 0.88% WO₃ at 470 metres depth
  • Widest mineralized interval: 7.5 metres grading 0.29% WO₃
  • Mineralization extends over approximately 3-kilometre trend
  • Project comprises 37 km² Logrosan licence and 40 km² Maria licence
  • Additional licence application covering 30 km²

Project Details

The Logrosan Tungsten Project is located in Spain's Iberian metallogenic belt. The project is prospective for tungsten, tin, rare earth elements, niobium, tantalum and gold. Every completed drill hole intersected potentially economic tungsten or tungsten-tin mineralization at the Dehesa target.

Strategic Context

The project forms part of Deccan Gold's strategic investment in Spain following the Company's definitive earn-in agreement to progressively acquire a majority interest in Logrosan Minera S.L. This investment is being advanced through Deccan Gold's wholly owned Dubai subsidiary, DGFZCO.

Management Commentary

Dr. Hanuma Prasad Modali, Managing Director, stated: "The results from Logrosan provide strong validation of the project's district-scale potential and reinforce our confidence in its long-term prospects. The fact that every drill hole has intersected potentially economic tungsten or tungsten-tin mineralization points to a robust mineralized system with significant exploration upside."

He added: "This investment reflects Deccan Gold's long-term strategy of building a globally diversified portfolio of gold and critical mineral assets. As the global focus on critical minerals intensifies, strategically important resources like tungsten will play a vital role in strengthening supply-chain resilience and industrial competitiveness."

Future Plans

The Company will continue drilling at the Dehesa target while progressing exploration at the Las Brujas and Logrosan North targets later this year. Additional assay results are expected in the coming weeks as the exploration programme continues.

Geological Interpretation

Geological interpretation suggests the mineralization represents the upper portion of a much larger tungsten-tin system that may strengthen at depth, reinforcing the long-term exploration potential of the project.

Company Background

Deccan Gold Mines Ltd. (BSE: 512068) is India's first and only listed gold and critical minerals resource company, established in 2003. The Company has built a diversified portfolio of gold and critical mineral assets across India and internationally, spanning Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland, and Tanzania.