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Desoto Resources Ltd. ( (AU:DES) ) has provided an announcement.
Desoto Resources has reported encouraging first-pass reverse circulation and power auger drilling results from its maiden programs at the Dadjan and Tolé permits in Guinea’s South-central Siguiri region, including several high-grade intercepts beneath artisanal workings that indicate the potential for a large, gold-mineralised system across its 470km² landholding. The company is now advancing a suite of follow-up exploration activities, including infill soil sampling, airborne magnetics and further drilling across Dadjan, Tolé and nearby permits, while highlighting that the rapid execution of these programs has helped it retain and expand its strategic tenure amid reforms to Guinea’s mining cadastre, strengthening its position in one of West Africa’s most prospective gold belts.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.20 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 Guinea, West Africa. The company is assembling and testing a 470km² contiguous land package in the highly prospective South-central Siguiri gold belt, targeting underexplored ground that has seen only artisanal mining and limited modern exploration.
Average Trading Volume: 707,533
Technical Sentiment Signal: Buy
Current Market Cap: A$46.62M
For an in-depth examination of DES stock, go to TipRanks’ Overview page.