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Desoto Resources Ltd. ( (AU:DES) ) has shared an update.
DeSoto Resources expanded its strategic footprint in Guinea’s Siguiri Basin during the March 2026 quarter, acquiring 532 square kilometres of new ground from United Mining SARL and lifting its contiguous southwest project area to 687 square kilometres. The company now controls more than 1,900 square kilometres across 24 projects, reinforcing its portfolio approach aimed at building a pipeline of gold drill targets.
Exploration accelerated across over 1,000 square kilometres, with BLEG, broad and infill soil sampling underway on 11 permits including Koba, Nerekoro Sud, Dadjan and Tolé. At the Koba project, DeSoto identified a 9km-long artisanal mining corridor with dump samples grading up to 15.2g/t gold, while regional soil programs at Kassa and Mini are feeding into upcoming trenching, power auger and aircore drilling, supported by a A$11 million cash balance.
More about Desoto Resources Ltd.
DeSoto Resources Ltd. is an ASX-listed mineral exploration company focused on gold exploration in Guinea’s Siguiri Basin and Gauoul regions. The company is building a large, 100%-owned landholding targeting the Siguiri Gold Mineralisation Trend, with a portfolio of applications, reconnaissance and exploration authorisations across 24 projects covering more than 1,900 square kilometres.
Average Trading Volume: 473,619
Technical Sentiment Signal: Buy
Current Market Cap: A$42.9M
Find detailed analytics on DES stock on TipRanks’ Stock Analysis page.