Deccan Gold Reports Encouraging High-Grade Tungsten-Tin Results from Spain, Bolstering Critical Minerals Portfolio
Deccan Gold Mines Limited has announced encouraging drill results from its Logrosan Tungsten Project in Spain, confirming that every completed drill hole at the Dehesa target intersects potentially economic tungsten or tungsten-tin mineralisation. These results significantly reinforce the district-scale potential of the project and strengthen Deccan Gold’s strategy for building a globally diversified critical minerals portfolio.The latest drilling campaign successfully completed seven diamond drill holes, covering nearly 3,000 metres. Laboratory assays have confirmed high-grade tungsten mineralisation across multiple intersections within the Logrosan Project. Key assay highlights include:
- 1.21% WO₃ at 535 metres in drill hole LDD017
- 0.88% WO₃ at 470 metres in drill hole LDD016
The mineralisation extends beyond isolated veins, indicating a broad hydrothermal system that has the potential to continue over an approximate 3-kilometre trend. Geological interpretations suggest that the currently identified mineralisation represents the upper portion of a larger tungsten-tin system that may strengthen as depth increases, thus underscoring the long-term exploration promise of the site.
The Logrosan Project is part of Deccan Gold's strategic commitment to Spain, following the company’s definitive earn-in agreement for acquiring a majority interest in Logrosan Minera S.L. The project encompasses the 37 km² Logrosan licence and the 40 km² Maria licence, alongside an additional 30 km² license application. This positioning makes it a significant multi-commodity critical minerals opportunity within Europe’s mineral-rich Iberian metallogenic belt, prospective for tungsten, tin, rare earth elements, niobium, tantalum, and gold.
Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, commented on the developments: "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 mineralisation points to a robust mineralised system with significant exploration upside."
Mr. Modali added that this investment, managed through the wholly owned Dubai subsidiary DGFZCO, aligns with Deccan Gold's strategy to build a globally diversified portfolio of gold and critical mineral assets. He stated that as global focus on critical minerals intensifies, strategically vital resources like tungsten will be crucial for strengthening industrial competitiveness and supply-chain resilience.
Deccan Gold plans to continue drilling at the Dehesa target throughout this year, while simultaneously progressing exploration efforts at the Las Brujas and Logrosan North targets to fully unlock the broader district-scale potential of the Logrosan Project.
About Deccan Gold Mines Ltd.
Deccan Gold Mines Ltd. is India's first and only listed gold and critical minerals resource company. Established in 2003, the Company maintains a diversified portfolio spanning mineral assets across various locations including Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland, and Tanzania. The company focuses on developing globally competitive mining assets and contributing to resource security through sustainable mineral development for its stakeholders.DECNGOLD Stock Price Movement
Today, Deccan Gold Mines Limited shares edged higher to settle at ₹204.28 after the market close, gaining 3.17%. The stock saw a robust trading session, which included a volume of 1.64 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.