DeSoto Resources Limited has launched exploration in Guinea’s Siguiri Basin, focusing on mineralization in the Timbakouna, Dadjan, and Tole permits. The company is employing sampling programs and conducting an environmental study to expedite drilling. Historical results indicate significant gold potential. Aime Nganare has been appointed as Africa Exploration Manager, and the stock has experienced a YTD performance of 33.33%.
DeSoto Resources Limited has initiated exploration activities in the Siguiri Basin of Guinea, specifically targeting the Timbakouna, Dadjan, and Tole permits. The company is implementing soil and dump sampling programs to inform their upcoming drilling endeavors and has commenced an environmental study to facilitate quicker drill permitting. Historical data from the Gbonko 2 permit indicates significant gold mineralization, prompting the need for further exploration efforts. Additionally, DeSoto is focusing on expanding its mineral holdings and evaluating acquisition opportunities in the area. Aime Nganare has been appointed as the new Africa Exploration Manager to lead these efforts.
DeSoto Resources Limited specializes in the mining sector, concentrating on the exploration and development of mineral resources, particularly gold projects in the Siguiri Basin of Guinea. As of the year-to-date (YTD), the stock has shown a performance of 33.33%, with an average trading volume of 206,819. The technical sentiment consensus rating for the stock is currently set at “Sell.” For detailed analytics regarding DES stock, please visit TipRanks’ Stock Analysis page.
In summary, DeSoto Resources Limited has begun a focused exploration initiative in Guinea’s Siguiri Basin, revealing promising gold mineralization and prompting further exploration. The appointment of Aime Nganare as Africa Exploration Manager signifies a strategic push in the region. As the company seeks to expand its mineral tenure and evaluate acquisition possibilities, its stock reflects a technical consensus rating of ‘Sell’, despite a notable year-to-date performance.
Original Source: www.tipranks.com
