Ronin Resources (ASX:RON) completed an initial reconnaissance exploration program at the La Punilla project in Argentina, focused on identifying quartz veins, hydrothermal alteration, and structural features prospective for gold-silver mineralization, according to a Thursday Australian bourse filing.
The firm collected 11 rock chip samples from quartz-iron oxide veins within anomalous zones associated with hematite and limonite, per the filing.
Its shares jumped 6% in recent trading on Thursday.