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Desoto Resources Ltd. ( (AU:DES) ) has shared an update.
DeSoto Resources Limited has been granted a Reconnaissance Authorisation Permit for the Syncerus Gold Project in Guinea’s Siguiri Basin, a region known for its significant gold deposits. This strategic acquisition expands DeSoto’s exploration footprint in the area, with immediate fieldwork planned to identify a potential +2-million-ounce deposit, aligning with the company’s exploration benchmarks and enhancing its positioning in the West African gold mining sector.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in identifying and developing gold deposits in West Africa, with a particular emphasis on the Siguiri Basin in Guinea, known for its potential to host multi-million-ounce gold deposits.
Average Trading Volume: 653,969
Technical Sentiment Signal: Buy
Current Market Cap: A$28.94M
For an in-depth examination of DES stock, go to TipRanks’ Overview page.
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