Spain/Bengaluru, Aug 04: Deccan Gold Mines Limited (BSE: 512068), India’s first and only listed gold and critical minerals resource company, today announced encouraging drill results from the Logrosan Tungsten Project in Spain, with every completed drill hole intersecting potentially economic tungsten or tungsten–tin mineralisation at the Dehesa target.
The latest drilling campaign has completed seven diamond drill holes covering nearly 3,000 metres, with laboratory assays confirming high–grade tungsten mineralisation across multiple intersections. Highlights include 1.21% WO₃ at 535 metres in drill hole LDD017 and 0.88% WO₃ at 470 metres in drill hole LDD016, while the widest mineralised interval returned 7.5 metres grading 0.29% WO₃. Additional assay results are expected in the coming weeks as the exploration programme continues.
Importantly, the results indicate that tungsten mineralisation extends well beyond isolated veins into a broad hydrothermal system with the potential to continue over an approximately 3-kilometre trend. Geological interpretation suggests the mineralisation 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.
The Logrosan 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., which holds a portfolio of highly prospective tungsten, tin, rare earth element, and gold assets within one of Europe’s most mineral-rich belts.
Commenting on the development, Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Limited, said: “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.”
“This investment, being advanced through our wholly owned Dubai subsidiary, DGFZCO, 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. Logrosan is an important step in our vision of building globally relevant mining assets that create sustainable long-term value.” adds, Hanuma.
The Company will continue drilling at the Dehesa target while progressing exploration at the Las Brujas and Logrosan North targets later this year, as part of its strategy to unlock the broader district-scale potential of the Logrosan Project.