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Smallcap gold and battery metal explorer DeSoto Resources (ASX:DES) has landed a crucial reconnaissance permit for the Syncerus Gold Project in Guinea that hosts multi-million ounce deposits over nearly 100 square kilometres.
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DeSoto’s latest exploration pickup boasts the 5.5 million ounce Bankan discovery and lies less than five kilometres from the company’s Dabidiana Project.
The permit sees DeSoto’s ground position in Siguiri grow to more than 1,000sqkm.
There won’t be any sitting around for the company either: DeSoto is already getting started on fieldwork in the newly-acquired Syncerus target and at Dabidiana. The focus will be on identifying large-scale structures.
Once the explorer has completed early targeting and ranking, ground teams will then work on bulk lead extractable gold stream sediment sampling.
As many as eight target sites are on the menu in the wider campaign, including Dadjan, Tole, Timbakouna, Moiko, Alamankono, Falama, Oromo, and Dabidiana.
DeSoto recently completed systematic soil and rock chip sampling at Dadjan and Tole.
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Once those initial plans have been worked through, the explorer will then fire up the Power Auger drills; in that phase, DeSoto will look to penetrate the lateritic cover to sample saprolite from the Siguiri bedrock.
DES has jumped +6.7% through Friday lunchtime, to 16cps.
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