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DeSoto Resources Limited (ASX:DES)

ALERT: Price-sensitive ASX Announcement for DES
Current share price for DES : $0.140 0.04 (40%)+
Announcement
Release
10 Jun 2026 9:34AM
Price at Release
$0.100
Full Release
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Summary
DeSoto Resources Limited announced the commencement of a 10,000-meter maiden drilling program at its Timbakouna Gold Project located in Guinea's Siguiri Basin. The program, consisting of 485 power auger holes, aims to explore 6 km of artisanal workings and assess historical drilling intercepts indicating high gold grades. Designed to penetrate lateritic cover and test for gold anomalies in the saprolite zone, the program will integrate data from upcoming airborne magnetic surveys to refine geological interpretations and identify gold mineralization trends. This initiative represents DeSoto's first systematic exploration at Timbakouna, leveraging previous artisanal and limited historic work to define promising mineralized trends.
Key Points
  • DeSoto Resources Limited is commencing a 10,000-meter drilling program at the Timbakouna Gold Project in Guinea.
  • The project targets 6 km of artisanal workings and historic drill intercepts with significant gold mineralization.
  • The drilling program includes 485 power auger holes aimed at testing priority targets for gold anomalies in the saprolite zone.
  • The program will incorporate data from airborne magnetic and radiometric surveys to identify geological structures and potential gold corridors.
  • The project is fully permitted, with line and track clearing underway to facilitate the drilling process.
  • This marks DeSoto's first systematic modern exploration at Timbakouna, building on previous artisanal and limited historic workings.
  • Key historical drilling results showed high-grade gold intercepts, supporting the potential for significant mineralization.
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.