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An announcement from Ronin Resources Ltd ( (AU:RON) ) is now available.
Ronin Resources has reported strong anomalous gold, silver, copper and tungsten rock-chip results from the Quebrada Palca colour anomaly at its 100%-owned La Punilla Project in San Juan Province, Argentina. New samples returned up to 3.04 g/t gold, 13.75 g/t silver, 1,055 ppm copper and 2,110 ppm tungsten, surpassing previous campaigns and indicating a mineralised east-northeast trend aligned with the main magnetic feature.
A recent drone-based high-resolution aeromagnetic survey has identified a magnetic source directly beneath the Quebrada Palca anomaly, with dimensions consistent with magnetite-bearing potassic alteration zones typical of porphyry copper deposits. Ronin has commenced a follow-up field campaign to extend sampling across remaining targets, ground-truth newly defined magnetic anomalies and further assess the potential for a district-scale porphyry system at La Punilla.
More about Ronin Resources Ltd
Ronin Resources Ltd is an ASX-listed mineral exploration company focused on evaluating and advancing its Vetas, Hornby Lake Lithium and La Punilla projects in Colombia, Canada and Argentina respectively. The company targets gold, copper, silver, tungsten and lithium-bearing assets and continues to assess additional opportunities aimed at enhancing shareholder returns.
Average Trading Volume: 61,257
Technical Sentiment Signal: Buy
For detailed information about RON stock, go to TipRanks’ Stock Analysis page.