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The latest announcement is out from Desoto Resources Ltd. ( (AU:DES) ).
DeSoto Resources Limited has announced an update on its drilling activities at the Spectrum Project in the Northern Territory, Australia. The recent drilling in the Western Target Area has revealed significant sulphide zones, indicating potential mineralization, including pyrite and pyrrhotite dominant zones. The company is conducting sampling, with assay results expected in October. This development is part of the Spectrum Project’s exploration within the Fenton Shear Zone, a region with potential for various mineral resources. The results could enhance DeSoto’s positioning in the mining sector by potentially uncovering valuable mineral deposits.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is involved in projects that target minerals such as gold, copper, tin, tungsten, and uranium, with a particular focus on the Fenton Shear Zone in the Northern Territory, Australia.
Average Trading Volume: 429,210
Technical Sentiment Signal: Buy
Current Market Cap: A$33.61M
For detailed information about DES stock, go to TipRanks’ Stock Analysis page.