New Launch2 Apr 2025, 09:43 pm
Deccan Gold Mines Executes Composite Licence for Bhalukona-Jamnidih Nickel, Chromium and PGE Block in Chhattisgarh, India
AI Summary
Deccan Gold Mines Ltd (the ‘Company’) has executed a 30 sq. km Composite Licence for the Bhalukona-Jamnidih Nickel, Chromium and PGE Block in Chhattisgarh, India. The licence, granted by the Government of Chhattisgarh, allows the Company to transition seamlessly from exploration to mining. The block is considered to have high potential for Ni, Cr, PGE (and possibly copper) deposits. The Geological Survey of India has identified sulphide bearing mafic-ultramafic intrusive rocks with anomalous Ni, Pt and Pd values in the block. Deccan Gold plans to use advanced geophysics, soil geochemistry, and Al targeting techniques to increase the probability of discovery and optimise exploration costs.
Key Highlights
- Deccan Gold Mines Ltd has executed a 30 sq. km Composite Licence for the Bhalukona-Jamnidih Nickel, Chromium and PGE Block in Chhattisgarh, India.
- The licence allows the Company to transition seamlessly from exploration to mining.
- The block is considered to have high potential for Ni, Cr, PGE (and possibly copper) deposits.
- The Geological Survey of India has identified sulphide bearing mafic-ultramafic intrusive rocks with anomalous Ni, Pt and Pd values in the block.
- Deccan Gold plans to use advanced geophysics, soil geochemistry, and Al targeting techniques to increase the probability of discovery and optimise exploration costs.