DeSoto Resources Limited has commenced exploration in Guinea’s Siguiri Basin, focusing on the Timbakouna, Dadjan, and Tole permits. They are conducting soil sampling to guide drilling efforts and have launched an environmental study to facilitate permitting. Recent historical results from Gbonko 2 indicate promising gold mineralization, and the company is exploring opportunities to expand its mineral tenure in the region.
DeSoto Resources Limited has initiated exploration activities in Guinea’s Siguiri Basin, particularly focusing on the Timbakouna, Dadjan, and Tole permits. The firm is implementing soil and dump sampling programs to inform their initial drilling efforts while simultaneously conducting an environmental study to streamline the drilling permit process. Historical data from the Gbonko 2 permit indicates significant gold mineralization, prompting the need for continued exploration. Furthermore, the company is seeking to broaden its mineral tenure and consider acquisition prospects in the area. Aime Nganare, the newly appointed Africa Exploration Manager, is overseeing these exploration initiatives.
DeSoto Resources Limited is involved in the mining sector, mainly concentrating on the exploration and development of mineral resources, with a particular emphasis on gold exploration projects in the Siguiri Basin of Guinea.
As per the year-to-date performance, the company’s stock has reflected a positive growth of 33.33%. The average trading volume stands at 206,819 shares, while the current technical sentiment consensus rating suggests a ‘Sell’ classification. For more in-depth analytics on DES stock, one can refer to TipRanks’ Stock Analysis page.
In conclusion, DeSoto Resources Limited is actively pursuing exploration in Guinea’s Siguiri Basin, emphasizing the significance of their findings in the Gbonko 2 permit. The strategic initiatives led by the new Asian Exploration Manager, Aime Nganare, underscore the company’s commitment to expanding its mineral prospects and continuing development within the mining sector. Investors should monitor the progress of their drilling programs and market performance closely.
Original Source: www.tipranks.com
