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Desoto Resources Ltd. ( (AU:DES) ) has shared an update.
Desoto Resources has expanded its Guinea portfolio by acquiring the Dalaban, Woussoubadou and Branama projects in southwest Siguiri, adding 242 square kilometres of ground along the Siguiri Gold Mineralisation Trend. These new assets sit within a corridor that also hosts AngloGold Ashanti’s large Siguiri mine and Asara Resources’ Kada project, further consolidating Desoto’s near-contiguous land position to 687 square kilometres and strengthening its strategic exposure to a highly prospective gold belt.
The company highlights the intersection of north-south trending belts containing interpreted Tarkwaian conglomerates with north-east to south-west faults as a key structural focus for gold exploration across its tenements. By concentrating on this favourable geological setting, Desoto aims to enhance the exploration potential of its enlarged Siguiri Basin portfolio and improve its competitive standing among gold explorers in the region.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
More about Desoto Resources Ltd.
Desoto Resources Ltd. is an ASX-listed mineral exploration company focused on gold exploration in West Africa, particularly within Guinea’s prolific Siguiri Basin. The company is building a portfolio of projects along established gold mineralisation trends that host major operations, positioning itself to benefit from regional geological structures known for significant gold deposits.
Average Trading Volume: 487,573
Technical Sentiment Signal: Buy
Current Market Cap: A$45.67M
Find detailed analytics on DES stock on TipRanks’ Stock Analysis page.