Ronin Sources Ltd (ASX: RON) (Ronin or the Firm) is happy to advise that it has submitted mineral exploration functions over 23,637 hectares (236.37 km2) potential for gold-silver mineralisation within the San Juan Province of Argentina. The La Punilla Gold-Silver Challenge is accessible from the San Juan city of Rodeo, through the identical highway supposed to entry BHP and Lundin Mining’s Filo de Sol and Josemaría initiatives.
HIGHLIGHTS
- Since IPO, the Firm has actively sought to amass new initiatives able to enhancing the portfolio
- Following in depth in-country due diligence, Ronin has submitted exploration functions over ~23,000 ha (230 km2) potential for Au-Ag mineralisation within the San Juan Province, Argentina
- The San Juan Province hosts the globally vital Veladero gold- silver deposit (mined by Barrick/Shandong Gold), and a number of large copper-gold porphyry deposits inc. Filo del Sol (at present topic to a C$4.1B takeover from BHP and Lundin Mining)
- The Firm’s Chairman will draw upon his expertise {and professional} community in San Juan to supervise preliminary exploration work
For a nominal value, these mineral exploration functions present the Firm a strategic platform in a hotbed of mineral exploration and company exercise.
Ronin Chairman Joseph van den Elsen commented:
“The La Punilla Gold-Silver Challenge gives Ronin an entry into the San Juan hotbed of company and exploration exercise. The Firm’s Board has actual working expertise in San Juan and can draw upon its skilled networks to supervise its analysis and evaluation. The Firm stays dedicated to its technique of producing shareholder worth via improvement of its current belongings and buying new enterprise improvement alternatives to additional complement the portfolio”.
La Punilla Gold-Silver Challenge
Regional Setting
The excessive cordillera area of the San Juan Province, Argentina has vital mineral endowment, internet hosting quite a few globally vital porphyry copper-gold-molybdenum deposits, comparable to Filo del Sol, Altar, Pachón, Los Azules, and the Veladero epithermal Au-Ag deposit. Within the Precordillera area, gold wealthy skarn deposits (Gualcamayo) have additionally been found, in addition to Au-Ag veins (Casposo), each of which have been developed into vital mining operations (refer Determine 1).
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