An announcement from Desoto Resources Ltd. ( (AU:DES) ) is now available.
Desoto Resources Ltd. announced significant findings of rare earth elements (REEs) and gold from its Fenton gold drilling program, located over 6km south of the Quantum REE deposit. The re-assaying results suggest the Fenton Shear Zone could host a world-class REE-Au deposit, with the company receiving permits for further drilling to expand its geological model and confirm the area’s potential. This discovery enhances Desoto’s industry positioning and could have substantial implications for stakeholders, as it highlights the strategic importance of the Fenton Shear Zone in the company’s exploration activities.
More about Desoto Resources Ltd.
Desoto Resources Ltd. is a mining company engaged in the exploration and development of mineral resources. It primarily focuses on rare earth elements (REEs) and gold, operating in significant mineralized zones in Australia, such as the Fenton Shear Zone.
YTD Price Performance: -12.50%
Average Trading Volume: 113,369
Technical Sentiment Consensus Rating: Buy
See more data about DES stock on TipRanks’ Stock Analysis page.