Deccan Gold Mines’ wholly-owned subsidiary -- Deccan Gold-FZCO has entered into a Memorandum of Understanding (MoU) with Steiger Geoscience and Engineering (Steiger) on September 9, 2023. In terms of this MoU, Steiger will provide drone-based magnetic & electromagnetic survey data processing and interpretation services of the drone data acquired by Deccan Gold FZCO at different locations in Africa & Asia and provide ground-based modern geophysical services related to mineral exploration as and when required by Deccan Gold FZCO. Deccan Gold FZCO will be offering mineral exploration consultancy services for clients particularly in Africa & Asia and will be requiring such services for its Clients which be provided by Steiger.
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
