DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deccan Gold Mines has announced promising assay results from its Bhalukona Nickel-Copper-PGE exploration project in Chhattisgarh. Drilling has identified a 100+ meter wide mineralised corridor extending 430m along strike and to depths of over 200m. The company completed 1,500m of core drilling across 9 holes along a 1.3km strike length. Best results include 15m at 0.31% Ni_Eq from hole BJD-02 and 36m at 0.23% Ni_Eq from hole BJD-03. The mineralised zone remains open and the company plans to accelerate exploration to define a mineable resource and apply for mining leases. The project could become India's first Nickel-Copper-PGE mine.
This is an early-stage exploration update with positive results suggesting potential mineral resource discovery. The stock may see positive sentiment as the company progresses toward defining a mineable resource, though commercial viability remains years away. The project's strategic importance for India's critical minerals supply chain could attract investor interest.