Portofino Resources $POR/$POR.V has released some promising updates regarding their properties in Argentina. 

After a longer than anticipated approval process for $POR’s drilling permit from the Argentinian ministry, it has been confirmed that the permits should be approved in short order. The permit will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project. A drilling contractor has been engaged and is prepared to mobilize immediately upon receipt of the permit.

This news is coming as $POR’s charts established a bottom and are moving on a strong upward swing in the past week. 

I’m expecting some good momentum to carry shares of $POR back up to test resistance at $.155 in the coming weeks.

Shares of $POR.V are currently trading at $.115 and the company is valued at an MCAP of $11.4 million.