DeSoto Resources Limited has initiated exploration in Guinea’s Siguiri Basin, focusing on the Timbakouna, Dadjan, and Tole permits. Soil sampling and an environmental study are underway, supporting drilling efforts. Historical results show potential for gold mineralization at Gbonko 2. The exploration is led by Aime Nganare as the new Africa Exploration Manager, with the stock showing a 33.33% year-to-date increase despite a sell rating.
DeSoto Resources Limited has recently commenced on-ground exploration in Guinea’s Siguiri Basin, concentrating on the Timbakouna, Dadjan, and Tole permits. The company is implementing soil and dump sampling programs to direct its initial drilling efforts. To facilitate this process, an environmental study has also been initiated to expedite the necessary drill permitting. Promising historical results from the Gbonko 2 permit indicate the presence of gold mineralization, which underscores the need for additional exploration.
In addition to its exploration activities, DeSoto Resources is actively working to expand its mineral tenure and evaluate potential acquisition opportunities within the region. These initiatives are being led by Aime Nganare, who has recently taken on the role of Africa Exploration Manager. DeSoto Resources Ltd. specializes in mining, with a strong emphasis on gold exploration projects within the Siguiri Basin of Guinea, reinforcing its commitment to mineral resource development.
As of year-to-date, DeSoto’s stock has experienced a performance increase of 33.33%, with an average trading volume of 206,819 shares. However, the technical sentiment consensus rating for the stock remains unfavorable, categorizing it as a sell, based on analytical assessments available on TipRanks’ Stock Analysis page.
DeSoto Resources Limited is actively pursuing exploration efforts in Guinea’s Siguiri Basin, with promising indications found at the Gbonko 2 permit and ongoing soil sampling programs. The company’s strategy includes expanding its mineral tenure and pursuing acquisitions, spearheaded by Aime Nganare. Meanwhile, its stock has demonstrated a significant performance improvement this year, although technical assessments indicate a sell rating on its current trading outlook.
Original Source: www.tipranks.com
