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Ronin Resources Ltd ( (AU:RON) ) has issued an announcement.
Ronin Resources has released an amended announcement detailing updated technical disclosures for its La Punilla Project in Argentina, alongside encouraging exploration results from recent fieldwork. The company reported strong anomalous rock-chip geochemical values for gold, silver, copper and tungsten at the Quebrada Palca colour anomaly, surpassing previous sampling campaigns and reinforcing the project’s potential economic significance.
A drone-based high-resolution aeromagnetic survey has outlined a magnetic source directly beneath the main area of interest, with dimensions consistent with magnetite-bearing potassic alteration zones typical of porphyry copper systems. Additional anomalous gold values and alteration at a separate target suggest mineralisation may extend across the broader property, and Ronin has commenced a follow-up field campaign to expand sampling and validate newly identified magnetic anomalies, advancing La Punilla as a key exploration asset.
More about Ronin Resources Ltd
Ronin Resources Ltd is an ASX-listed mineral exploration company focused on evaluating and assessing its 100%-owned Vetas, Hornby Lake Lithium and La Punilla projects in Colombia, Canada and Argentina. The company concentrates on gold, silver and lithium exploration while continuing to seek complementary opportunities that can enhance shareholder returns and expand its project portfolio.
Average Trading Volume: 61,811
Technical Sentiment Signal: Buy
See more data about RON stock on TipRanks’ Stock Analysis page.