Deccan Gold Mines Drills Promising Tungsten Intersections in Spain

All seven completed drill holes at Deccan Gold Mines' Logrosan Tungsten Project in Spain have intersected potentially economic tungsten or tungsten-tin mineralisation.

Reader Takeaway: Consistent mineralisation is positive; pending assays are the key watch point.

What Just Happened

Deccan Gold Mines has completed seven drill holes totaling 2,984 metres at its Logrosan Tungsten Project in Spain. A seventh hole was completed recently, with an eighth currently underway. Every drill hole has intersected potentially economic tungsten or tungsten-tin mineralisation. The company is also applying to extend its licence area by 30 square kilometres.

Why This Matters

This update confirms ongoing progress and consistent results from exploration drilling. The high success rate in intersecting mineralisation is a positive indicator for the project's potential. It supports the company's strategy to develop critical mineral resources internationally. Investors will be keen to see the assay results to confirm the economic viability of these intersections.

The Backstory

Deccan Gold Mines is focused on gold and critical minerals. The Logrosan project in Spain is a key part of its international strategy. The company, through its Dubai subsidiary DGFZCO, has an agreement to acquire 51% of Logrosan Minera S.L., with options to increase its stake further. Drilling at the Dehusa Tungsten-Tin target began in mid-March 2026.

What Changes Now

The immediate focus for investors is the pending assay results, expected by mid-September. These results will be critical in confirming the grade and economic potential of the mineralised zones. The company is also planning to explore the Las Brujas and Logrosan North targets later in the year.

Risks to Watch

The primary watch point is the pending assay results, which are crucial for confirming the economic viability of the discovered mineralisation. Additionally, estimates for the depth of the blind parent intrusion range from 1,500 to 2,000 metres, which will require deeper drilling to confirm.

Peer Comparison

While specific peer drilling updates are not detailed in this filing, the 100% success rate in intersecting mineralisation across multiple holes is a notable achievement in mineral exploration. Such consistency can be a significant factor when compared to exploration projects that often encounter barren zones.

Context Metrics

• Drill Holes Completed: 7
• Total Drilling Length: 2,984 metres
• Average Drill Depth: 430 metres
• Deepest Drill Hole: 626 metres

What to Track Next

Investors should closely monitor the release of the full assay results by mid-September. The progress of the planned exploration at the Las Brujas and Logrosan North targets in October and November 2026 will also be important indicators of continued exploration success.