Deccan Gold Mines Limited is pleased to announce the following updates regarding projects/operations.

Drilling at Ganajur – Karajgi Block:

The drilling program that commenced on December 23. 2015 in Ganajur-Karajgi Block has progressed smoothly. So far we have completed a total of 1200 metres of drilling in 3 prospects namely Ganajur Main, Ganajur SE and Karajgi Hut.

As already reported the objectives of the current drilling program are to find out new resources in the satellite prospects apart from further exploring the flagship Ganajur Main Gold deposit. Initial results that we have received so far indicate significant gold values in Karajgi Hut prospect. This is very encouraging and we plan to undertake more drilling in this prospect. Apart from this, we have received encouraging results from Ganajur Main prospect as well. We have also noticed good zones of mineralization in the drill core from drill holes of Ganajur main and Ganajur South prospects for which we are awaiting analytical results. The 2nd rig has also been mobilized and we are waiting for the harvesting of standing crops to deploy this drill rig.

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