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DeSoto Resources Limited (ASX:DES)

ALERT: Price-sensitive ASX Announcement for DES
Current share price for DES : $0.115 0 (0%)+
Announcement
Release
6 Aug 2026 8:21AM
Price at Release
$0.115
Full Release
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Summary
DeSoto Resources Limited, based in Perth, Western Australia, has announced the recommencement of drilling and fieldwork activities in the Siguiri Basin, Guinea. The company has resumed operations following positive engagement with the Guinean Government, which recently cracked down on illegal mining activities affecting the Siguiri goldfields. The renewed efforts include a 485-hole, 10,000m Power Auger drilling program targeting significant gold corridors in the Timbakouna Project. These efforts aim to explore over 6km of artisanal workings and historical drilling sites with high-grade gold intercepts. DeSoto is conducting a geophysical survey across its projects in the region to aid in generative drill targeting. The survey includes 6,262-line kilometers flown with detailed magnetic and radiometric data collection, expected to be completed in two to three weeks. With enhancements in permit applications and tenure positions, DeSoto is set to advance its exploration programs with a focus on new gold discoveries in Guinea.
Key Points
  • Drilling and fieldwork recommenced in Siguiri, Guinea.
  • Positive engagement with the Government of Guinea.
  • Crackdown on illegal mining in Siguiri goldfields.
  • 485-hole, 10,000m Power Auger drilling program at Timbakouna.
  • Targeting 6km of artisanal workings and historical high-grade drilling sites.
  • Geophysical survey underway, covering 6,262-line kilometers.
  • Survey includes magnetic and radiometric data collection.
  • Efforts to support new gold discoveries in Guinea.
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.