Deccan Gold Mines has successfully intersected tungsten and tin mineralization across all eight maiden drill holes at its Dehesa target in Spain. Preliminary modeling estimates over 2.3 million tonnes of potential resource. The company is now pivoting focus toward identifying primary mineralized structures while continuing exploration at its Maria prospect.
Deccan Gold Mines Reports Successful Maiden Drilling Results at Logrosan
Total Tonnage: 2.3 million tonnes; WO3 Content: 2,000 tonnes.
Reader Takeaway: Successful maiden drilling confirms mineralization potential at Logrosan, though economic viability requires further technical validation and development.
What just happened
Deccan Gold Mines completed its inaugural drilling programme at the Dehesa tungsten-tin target within the Logrosan project in Spain. Eight holes were drilled for a total of 3,522 metres. Management confirmed that every hole intersected potentially economic mineralization, suggesting the presence of a larger underlying system. Preliminary geological models estimate a deposit size exceeding 2.3 million tonnes.
Why this matters
Securing consistent mineralization across the initial phase of drilling provides a solid baseline for further exploration. The company is now using these findings to refine its search for the primary intrusive system, which is expected to yield higher-grade results. This progress marks a critical step in the company's international expansion strategy through its Dubai subsidiary.
Project Updates
Exploration is also advancing at the Maria prospect, where ongoing drilling has intersected antimony mineralisation across three holes. Furthermore, the company secured financial support for its La Brujas target, with the Spanish government approving 250,000 Euro in exploration cost deductions. Operations at La Brujas are slated to begin in late 2026.
Risks to watch
While initial results are positive, the company emphasizes that these are preliminary estimates. The transition from exploration to an economically viable mining project involves significant technical hurdles, including proving resource continuity and the long-term feasibility of extraction processes. Investors should watch for upcoming assay results from the Maria prospect and the results of deeper drilling at the Dehesa target.
What to track next
The company is preparing for subsequent drilling phases aimed at locating primary mineralized structures. Additionally, shareholders should look for updates regarding the extension of the Logrosan license area and the official assay reports for the Maria prospect, which are currently pending.