DeSoto Resources Initiates Exploration in Guinea’s Siguiri Basin

DeSoto Resources Ltd. has commenced exploration in Guinea’s Siguiri Basin, performing soil and dump sampling on the Timbakouna, Dadjan, and Tole permits, and has launched an environmental study to facilitate drill permitting. The company aims to expand its mineral tenure and explore acquisition opportunities, with the exploration led by Aime Nganare.

DeSoto Resources Limited has initiated on-ground exploration in Guinea’s Siguiri Basin, focusing on the Timbakouna, Dadjan, and Tole permits. The company is currently conducting soil and dump sampling programs to guide preliminary drilling efforts. Additionally, an environmental study has been launched to facilitate drill permitting. Historical data from the Gbonko 2 permit suggests significant gold mineralization, highlighting the need for continued exploration. DeSoto plans to expand its mineral rights and is exploring potential acquisition opportunities in the region. The exploration initiative is led by Aime Nganare, appointed as the new Africa Exploration Manager.
DeSoto Resources Limited is actively engaged in the mining sector, concentrating on the exploration and development of mineral resources. The company’s activities are especially focused on gold exploration within the Siguiri Basin, which is pivotal for its strategic growth.
As of the year-to-date (YTD), the stock performance is recorded at 33.33%, with an average trading volume of 206,819 shares. The technical sentiment for DeSoto Resources shares is currently rated as “Sell,” according to market consensus.

In summary, DeSoto Resources Limited is advancing its exploration activities in Guinea’s Siguiri Basin with a focus on three specific permits and aiming to substantiate historical gold mineralization through proactive sampling and environmental studies. With leadership being provided by Aime Nganare, the company is also looking to expand its mineral tenure and explore acquisition opportunities, while current market sentiment reflects caution towards its stock performance.

Original Source: www.tipranks.com