Business Update19 Mar 2024, 10:27 pm
Deccan Gold Mines Discovers High-Grade Gold and Applies for Lithium Prospecting License in Tanzania
AI Summary
Deccan Gold Mines Limited has announced the discovery of high-grade gold in Tanzania and the application for a Prospecting License for Lithium. The company, through its subsidiary Deccan Gold Tanzania Private Limited, holds four Prospecting Licenses for gold and one for Lithium in the Nzega-Tabora Greenstone Belt and Geita-Sukumaland Greenstone Belt. Two of these gold projects are promising and further exploration is planned. A potential area of 100.49 sq.km has been identified for the Lithium prospecting license.
Key Highlights
- Deccan Gold Mines discovers high-grade gold in Tanzania
- Application for a Lithium Prospecting License in Tanzania
- Four Prospecting Licenses for gold in Tanzania
- Two gold projects show promise, further exploration planned
- Identification of a potential 100.49 sq.km area for Lithium prospecting