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Desoto Resources Ltd. ( (AU:DES) ) has provided an announcement.
DeSoto Resources has announced promising findings from its 2023 drill program at the Fenton North Gold Project, detecting significant rare earth elements (REE) over a 6km strike south of the Quantum REE deposit. The re-assaying of drill samples has identified substantial TREO grades, indicating the Fenton Shear Zone’s potential as a significant REE-Au-Cu deposit. With permits secured for further drilling, DeSoto aims to expand its exploration efforts, potentially enhancing its market position and offering new opportunities for stakeholders.
More about Desoto Resources Ltd.
DeSoto Resources Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE), gold, and copper deposits. The company is particularly active in the Northern Territory of Australia, with significant projects like the Spectrum REE-Au-Cu and the Fenton North Gold Project.
YTD Price Performance: -5.33%
Average Trading Volume: 98,165
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on DES stock on TipRanks’ Stock Analysis page.
