Ronin Resources expands exploration in Argentina

Ronin Resources (ASX:RON) has submitted applications for mineral exploration over 23,637 hectares in Argentina's San Juan Province. The company is targeting gold-silver mineralization in this region, which is known for its significant mineral deposits. This strategic move supports Ronin's aim to enhance its portfolio through new acquisitions.

Ronin Resources' strategic expansion and outlook

Ronin Resources, listed on the ASX, has strategically moved to expand its exploration activities by applying for mineral rights in the San Juan Province of Argentina. The La Punilla Gold-Silver Project, covering 23,637 hectares, is situated in a mineral-rich area known for deposits like Filo del Sol and Veladero. Ronin plans to conduct preliminary exploration, focusing on spectral and geophysical analysis to pinpoint potential mineral zones. The company expects the exploration permits to be granted within three months and plans cost-effective follow-up studies. Ronin continues to evaluate other opportunities in San Juan and remains committed to advancing its projects in Colombia and Canada. Despite challenges, such as the temporary suspension of its Vetas Project obligations, Ronin is poised to capitalize on regional opportunities and enhance shareholder value.

Executive insights on strategic acquisition

Chairman Joseph van den Elsen aims to leverage his experience and network in San Juan to oversee the preliminary exploration work.