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DeSoto Resources Limited (ASX:DES)

ALERT: Price-sensitive ASX Announcement for DES
Current share price for DES : $0.125 -0.035 (-21.88%)+
Announcement
Release
9 Mar 2026 9:18AM
Price at Release
$0.160
Full Release
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Summary
DeSoto Resources Limited announced the commencement of exploration programs at its Koba Project in the Siguiri Basin, Guinea. The initial reconnaissance at Koba identified a large 9km-long artisanal mining zone with high-grade gold samples up to 15.2g/t Au. The project is in a structurally favourable corridor near significant gold operations, including the Tri-K Gold Mine. The company has completed soil geochemistry as part of their systematic approach to target large-scale gold systems, and further exploration activities including soil sampling, geophysics, and drilling are planned. The exploration aims to delineate significant gold systems in the region.
Key Points
  • 9km-long artisanal mining zone identified at Koba Project.
  • Initial soil sampling programs completed with results pending.
  • High-grade gold samples up to 15.2g/t Au reported.
  • Koba is located near significant gold operations like Tri-K Gold Mine.
  • Systematic exploration approach integrating various geological methods.
  • Further exploration plans include soil sampling, geophysics, trenching, and drilling.
  • Objective to delineate large-scale gold systems in Siguiri Basin.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.