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Portofino Resources Inc V.POR

Alternate Symbol(s):  PFFOF

Portofino Resources Inc. is focused on exploring and developing mineral resource projects in the Americas. The Company’s projects include the drill-ready, Yergo Lithium Project in Catamarca, and the drill-ready, Arizaro (Area IV) Lithium Project in Salta Province. Its Yergo Lithium Project encompasses the entire Aparejos Salar, in Catamarca Province, Argentina. The Company owns a 100% interest in the mining and concession rights for the 2,932 hectares (ha) drill-ready Yergo Lithium Project. It has 8,445 ha drill-ready Arizaro Lithium Project in Salta Province, Argentina. The Allison Lake North Property comprises seven mining claims totaling 2,288 ha and is located 100 kilometers (km) east of the town of Red Lake in northwestern Ontario. It also has other properties, such as South of Otter, Gold Creek, Melema West, Sapawe West, and Greenheart Lake & McNamara Lake. The 5,363 ha South of Otter property is situated within the Birch-Uchi-Confederation Lakes greenstone belt.


TSXV:POR - Post by User

Post by Wangotango67on Mar 02, 2020 3:31pm
69 Views
Post# 30757598

DID NRG THINK TWICE ?

DID NRG THINK TWICE ?One has to ask why the deal with NRG and Alberdi Energy SA didn't solidify.
Could it be NRG made a sight visit to see their NEIGHBOR Posco hard at it = setting up ?
How advantageous would it be for NRG to team with Posco even supply feed - stock ?
Ahhhh....opens up an entire new subject.

Now...how valuable would west Hombre be when there's no - one pumping any ( brine ) from
west Hombre ?

There's no one on the west Hombre pumping brine.
= FRESH RESEVES.

One could scan the Galen Map and see - distinct - dark patches all along the perimeter of 
west Hombre and even out in the open space of the SALAR...
= WET ZONES = WATER BOG = SIGNS OF BRINES
= PERIMETER OF HOMBRE IS ROCKY = REMOVE SALAR CLAY SANDS = BIG CAVERN
= HENCE...PERHAPS WHY THE WATER BRINES HUG THE ROCK PERIMETERS.

CATCHING the BRINES before they reach FENIX operation would be the operative.
There are two distinct exit ports on the SW side of Hombre.
Galen + Portofino actually have ace cards to catch these brines = before exiting or, 
before excess brines reach FENIX...

Here's an excerpt from NRG.... ( sounds like NRG likes the idea of Posco setting up nearby )

2020-02-20 10:35 ET - News Release

 

Mr. Adrian Hobkirk reports

HOMBRE MUERTO PROJECT AREA UPDATE

NRG Metals Inc. has provided an update on developments in the area of the Hombre Muerto North lithium project (HMN Li project), located in Salta province, Argentina. A recent site visit by a representative of the company confirmed that international corporation POSCO, NRG's neighbour at the project area, is moving forward with the construction of a pilot facility for the production of lithium. Site pictures are available at the company website. POSCO acquired the ground in 2019 from Galaxy Resources Ltd. for $280-million (U.S.).


HERE'S POSCO = WHO BOUGHT - GALAXY'S HOMBRE LITHIUM - $280/Mil

Nov. 26, 2018 · Galaxy Resources has officially sold a tenement package at the Argentina-based Salar del Hombre Muerto to POSCO. Galaxy Resources (ASX:GXY) has completed the sale of a northern tenement package at the Salar del Hombre Muerto in Argentina to POSCO (NYSE:PKX) for US$280 million

So...I can possibly see why NRG may have not followed - through...
Posco could be a better opportunity ?

Time will tell.





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