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The latest announcement is out from Desoto Resources Ltd. ( (AU:DES) ).
Desoto Resources Ltd. has commenced its maiden Reverse Cycle (RC) drilling program at the Dadjan Gold Project in Guinea, marking the first recorded drilling in an area with over 50 years of artisanal mining history. Additionally, a Power Auger drilling program is underway at the Tole Gold Projects. The company has received promising assay results from trench, rock chip, soil, and dump samples, indicating significant gold mineralization. This exploration effort is part of a broader strategy supported by a recent strategic placement that bolstered the company’s cash reserves to approximately $15.5 million, potentially enhancing its market positioning and operational capabilities.
More about Desoto Resources Ltd.
Desoto Resources Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in exploring gold projects in Guinea, with a significant emphasis on the Dadjan and Tole Gold Projects.
Average Trading Volume: 547,930
Technical Sentiment Signal: Buy
Current Market Cap: A$39.21M
Find detailed analytics on DES stock on TipRanks’ Stock Analysis page.