Ronin Resources (ASX:RON) reports peak assay results of 0.13 grams per tonne gold from its latest geochemical sampling program at the La Punilla Project in Argentina.
The company received final laboratory results for 21 rock‑chip samples collected during its April–May follow‑up field program in San Juan Province.
The program returned maximum values of 0.13g/t gold (Au), 2.41g/t silver (Ag), 91.6 parts per million (ppm) copper (Cu), and 840ppm tungsten (W).
These results ‘fall short’ of previously reported maximums of 3.04g/t Au, 13.75g/t Ag, 1,055ppm Cu, and 2,110ppm tungsten from the company’s initial sampling campaign announced in May.
“We are obviously disappointed with these results, but we remain confident in our broader strategy of exploring in the highly prospective belts of Argentina,” CEO David Deitz says.
The follow‑up program targeted satellite areas identified through spectral processing and a magnetic anomaly detected by drone aeromagnetic survey. Field observations showed weaker alteration at satellite targets compared to the main Quebrada Palca colour anomaly.
Ronin considers the surface mapping and sampling completed to date sufficient for its current project assessment. The board intends to conduct a thorough review of all exploration data to determine next steps at the project.
Ronin Resources holds the La Punilla Project through two exploration concession applications totalling approximately 3,800 hectares, located 50km north‑northwest of San Juan City.
Write to JC Villarba at Mining.com.au
Images: Ronin Resources
