Ronin Resources has advanced its La Punilla gold-silver project in Argentina, securing an additional tenement and planning a significant exploration program including maiden drilling.
- Commencement of field exploration at La Punilla gold-silver project
- Granting of a second tenement expanding project area by 70 km²
- Initial surface sampling confirms epithermal gold, silver, and copper mineralisation
- Planned expanded exploration program budgeted at A$220,000
- Potential maiden drilling campaign estimated at A$630,000 pending exploration results
Exploration Momentum Builds at La Punilla
Ronin Resources Ltd (ASX – RON) has reported significant progress in its exploration efforts at the La Punilla gold-silver project located in San Juan Province, Argentina. During the December 2025 quarter, the company commenced on-ground exploration activities following the granting of a second tenement, which adds approximately 70 square kilometres to the project area, now covering over 236 square kilometres.
Initial surface sampling results have been encouraging, confirming the presence of epithermal quartz-sulphide veining with anomalous concentrations of gold, silver, and copper. The standout rockchip sample returned 0.27 grams per tonne gold, 5.6 grams per tonne silver, and 0.13% copper, supporting the interpretation of a low-sulphidation epithermal system. These findings justify further detailed mapping and geophysical surveys.
Strategic Exploration Program and Future Drilling
Building on these promising early results, Ronin Resources announced plans for an expanded exploration program with an estimated budget of around A$220,000. This program will include surface geochemistry, detailed mapping, laboratory assays, aeromagnetic surveys, radiometric dating, and comprehensive geological reporting. The company aims to leverage these studies to refine drill targets.
Subject to the outcomes of this program, Ronin intends to initiate a maiden drilling campaign at La Punilla, budgeted at approximately A$630,000 and expected to span six months. This step marks a critical phase in advancing the project from exploration towards resource definition, potentially unlocking significant value for shareholders.
Financial Position and Business Development
As at 31 December 2025, Ronin Resources held cash reserves of A$3.139 million, providing a solid financial foundation to support its exploration activities and planned drilling. The company also continues to actively evaluate complementary new business opportunities that could enhance its portfolio and deliver shareholder returns.
Director remuneration payments were disclosed as part of related party transactions, reflecting standard governance transparency. The company remains focused on disciplined capital management while advancing its key projects across Argentina, Colombia, and Canada.
Outlook
Ronin Resources’ methodical approach to exploration at La Punilla, combined with its strategic expansion of tenements and planned drilling, positions the company well to unlock the potential of this emerging gold-silver asset. Investors will be watching closely for assay results from the upcoming exploration program and any indications from the maiden drill campaign that could signal a step-change in project value.
Bottom Line?
Ronin’s next exploration milestones at La Punilla will be key to validating its potential and shaping its growth trajectory.
Questions in the middle?
- Will the maiden drilling campaign confirm economically viable mineralisation at La Punilla?
- How will Ronin balance exploration spending with its current cash reserves?
- What new business opportunities might Ronin pursue alongside its core projects?