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Desoto Resources Ltd. ( (AU:DES) ) has provided an announcement.
Desoto Resources Ltd. has identified a 1.3km-long gold anomaly at its Tole Project, located near the Dadjan gold anomaly in the Siguiri Basin. The discovery, based on initial rock chip and dump sampling, indicates significant potential for a new gold camp in the region. The company is advancing its exploration efforts with a third power auger rig set to commence drilling, alongside ongoing sampling programs across its projects. This strategic development underscores Desoto’s commitment to expanding its footprint in one of West Africa’s most mineral-rich gold basins.
More about Desoto Resources Ltd.
Desoto Resources Ltd. operates in the mining industry, focusing on gold exploration and development. The company is one of the largest landholders in the Siguiri Basin, West Africa, and is actively engaged in multiple projects aimed at uncovering new gold targets.
Average Trading Volume: 559,722
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$28.86M
For an in-depth examination of DES stock, go to TipRanks’ Stock Analysis page.