DeSoto Resources (ASX:DES) has strengthened its West African portfolio, announcing the acquisition of 290km2 of new ground within the prolific Siguiri Basin.
The strategic expansion includes the Yarakoura, Doutila, and Moussaya projects, situated in the high-potential Southwestern Siguiri region.
The Siguiri Basin is a premier mining jurisdiction, already hosting massive deposits such as AngloGold Ashanti’s 9.2Moz Siguiri Mine and NordGold’s 4.0Moz Lefa Mine.
DeSoto’s new permits are positioned within a structural corridor that shares geological similarities with these Tier-1 assets.
By securing this land, the company is effectively increasing its "at-bats" for a major discovery in a region where multi-million-ounce deposits are the standard rather than the exception.
Operational momentum is accelerating alongside these acquisitions.
DeSoto is currently executing a comprehensive exploration program across more than 11 permits, including the Dadjan and Tolé projects.
The company is employing a multi-faceted approach, utilising BLEG (Bulk Leach Extractable Gold) analysis, systematic soil sampling, and power auger drilling to define high-priority targets.
Management remains committed to further consolidation, stating that they will continue to pursue strategic applications and acquisitions to deliver more ground and more opportunity for shareholders.
At the time of reporting, DeSoto Resources' share price was $0.16.