Desoto Resources (ASX:DES) has been granted exploration rights for the Syncerus Gold Project in Guinea’s Siguiri Basin with the project boasting multi-million ounce deposits including the 5.5 million ounces Bankan discovery.
Syncerus, covering 99.8km2, is located less than 5km southwest of the company’s Dabidiana Project.
With environmental surveys already completed, Desoto, which has a market capitalisation of $28 million, plans to begin reconnaissance fieldwork immediately on the Syncerus and Dabidiana project areas. The company is focused on identifying large-scale structures in favourable geological settings.
Following initial targeting and ranking, Desoto will complete initial bulk lead extractable gold stream sediment sampling and reconnaissance soil sampling programs at several prospect areas.
Systematic soil and rock chip sampling has already been completed at the Dadjan and Tole areas. Further sampling work will also be completed across new areas of interest.
Upon completion, Desoto will conduct power auger drilling or trenching, with the aim of penetrating the lateritic cover to sample saprolite derived from bedrock, critical in the regolith-dominated environment of the Siguiri Basin.
Desoto Resources is exploring a gold portfolio in Guinea’s mineral-rich Siguiri Basin and Gaoual Gold Belt. The company’s total land package covers 1,234km2 and includes 14 gold projects in the Siguiri Basin and three additional projects in the Gaoual Gold Belt.
Write to Aaliyah Rogan at Mining.com.au
Images: Desoto Resources
