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Desoto Resources Ltd. ( (AU:DES) ) has provided an update.
DeSoto Resources Limited has launched a dual-continent drilling campaign, marking significant progress in its exploration activities in both Guinea and Australia. In Guinea’s Siguiri Basin, the company extended its gold anomaly at Dadjan and discovered new mineralized zones at Tole, while in Australia’s Northern Territory, initial drilling at Fenton South and Spectrum targets commenced. These developments highlight DeSoto’s strategic efforts to enhance its resource base and strengthen its market position in the gold mining sector. The company remains well-funded with a cash reserve of $6.2 million, supporting its ongoing exploration initiatives.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining industry, focusing on exploration and development of gold resources. The company is actively engaged in drilling campaigns across Guinea’s Siguiri Basin and Australia’s Northern Territory, aiming to expand its gold footprint and capitalize on promising mineral targets.
Average Trading Volume: 633,829
Technical Sentiment Signal: Buy
Current Market Cap: A$26.14M
Learn more about DES stock on TipRanks’ Stock Analysis page.