Construction Industry News
Deccan Gold Mines (DGML), the only publicly listed gold exploration and mining company in India, has received a letter of intent for the Bhalukona-Jamnidih nickel-chromium and associated PGE block in Chhattisgarh from the Directorate of Geology and Chhattisgarh Government Mining.
“This marks our evolution towards making India self-reliant in its critical mineral and rare earth element needs. The country's productive critical mineral reserves can potentially drive the energy transition and net zero targets in the coming years and, more importantly, ensure bottom-up economic development and increase job creation, realizing the vision of the government of an India prepared for the future. says Hanuma Prasad Modali, MD, Deccan Gold Mines.
The government is giving a significant push to the exploration and extraction of raw materials that are essential to achieving India's green energy transition goals.
The Bhalukona-Jamnidih block covers an area of 30 sq km and forms part of the Neo-Archaean Sonakhan shale belt on the NE margin of the Bastar Craton and represents a broad spectrum of mafic-ultramafic volcanic rocks of the Sonakhan and Bilari Group. intrusions, undeformed granitoids, younger dikes and quartz veins.
According to preliminary sampling carried out by the Geological Survey of India (GSI), a potential mineralized zone of 400 meters has been demarcated for the block.
