DeSoto Resources (ASX:DES) 2024 drill program progress report

DeSoto Resources Limited (ASX:DES) has completed ground geophysical surveys at the Spectrum and Fenton Projects in the Northern Territory. The surveys confirmed the presence of high priority targets at Quantum and Vesper, leading to the design of a detailed drill plan. The company has submitted a drilling application for up to 20 RC/diamond holes and secured a land access agreement for drilling. In addition, infill MMI soil surveys have been completed, and a multi-purpose drill rig contractor has been identified to commence immediate drill testing upon receiving Northern Territory Government approvals.

Executive commentary on 2024 drill program progress

The completion of ground geophysical surveys and the identification of high priority targets at Quantum and Vesper mark significant progress for DeSoto Resources. The detailed drill plan and the submission of drilling applications demonstrate our commitment to advancing exploration activities. We are optimistic about the potential of the identified targets and look forward to commencing drilling as soon as approvals are received.

Summary of 2024 drill program progress and outlook

DeSoto Resources (ASX:DES) has made substantial progress in the 2024 drill program, with the completion of ground geophysical surveys and the identification of high priority targets at Quantum and Vesper. The company has taken proactive steps by submitting drilling applications and securing land access agreements, indicating a strong focus on advancing exploration activities. The pending assay results from infill MMI soil surveys are expected to further refine existing targets and geological interpretations. The outlook for DeSoto Resources remains positive as it moves towards immediate drill testing and continues to pursue its exploration goals in the Northern Territory.