Deccan Gold Mines (DGML) has been approached by Geomysore Services (India) (GMSI), a Bangalore-based gold exploration company for being taken over as a wholly-owned subsidiary of DGML. The Board of Directors of DGML have considered the offer of GMSI and have advised DGML to undertake a due diligence on GMSI. DGML would update the stakeholders of further developments in this regard.
GMSI is an unlisted company that has been actively engaged in exploration activities in India since1994. GMSI's large portfolio of mineral concession applications and licences covers most of the important gold bearing Archaean and Proterozoic belts of India.
DGML has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation.
| Company Name | CMP |
|---|---|
| Coal India | 456.35 |
| NMDC | 88.80 |
| GMDC | 684.70 |
| Sandur Manganese | 241.35 |
| MOIL | 315.65 |
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