DBT Bureau
Pune, 3 August 2026
Deccan Gold Mines Limited is pleased to inform Shareholders of encouraging results from the Logrosán Tungsten Project in Spain.
Drilling of the Dehesa Tungsten-Tin target – one of several priority targets within the Logrosán multi-commodity project – commenced in mid-March 2026. To date, seven drill holes, LDD013 to LDD019, have been completed for a total of 2,984 m, while drill hole LDD020 is currently in progress. The completed holes have an average depth of approximately 430 m, with the deepest hole reaching 626 m.
Every drill hole completed so far has intersected potentially economic tungsten or tungsten–tin mineralisation that could support future underground mining. Laboratory analytical results received for drill holes LDD013, LDD015, LDD016 and LDD017 have confirmed the presence of high-grade tungsten mineralisation. Highest results include assays of 0.88% WO3 at 470 metres in LDD016 and 1.21% WO3 at 535 metres in LDD017. The widest intersection is in LDD016, which intersected a zone of 7.5m averaging 0.29% WO3.
All drill core is initially examined with a portable XRF device together with detailed visual inspection under ultraviolet light. This approach provides a preliminary assessment of tungsten mineralisation and optimises exploration budget, specifically for analysis costs. Portable XRF results and inspection of the remaining holes also shows multiple veins and mineralised zones. Full assay results for the programme are expected by mid-September.
The presence of outcropping tungsten mineralisation, together with its confirmation at depth, suggests that mineralisation may extend along the central axis of the S-shaped Dehesa anomaly for approximately 3 km. This indicates substantial tungsten potential.
Dehesa is one of several exploration targets within the wider Logrosán project. Drilling at the Las Brujas and Logrosán North targets is currently planned for October and November 2026.
Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Ltd., said: “The results from Logrosán 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.
As the global focus on critical minerals continues to intensify, strategically important resources like tungsten will underpin future industrial growth and supply-chain resilience. Logrosán strengthens Deccan Gold’s international critical minerals portfolio and advances our vision of building globally competitive mining assets that support long-term resource security and sustainable value creation.”
