DD and Recent news for $POR Found this mining company that has lithium, and gold assets that I'm really excited about. Here's some DD on them…
Portofino ( $POR.V , $PFFOF , $POTA ) is mineral exploration and development company based in Vancouver, Canada
They have two projects that are in the historic gold mining district of Red Lake, Ontario and three other Ontario gold projects: the Gold Creek, Sapawe West, and Melema West properties.
They also control 100% interest in the Alison Lae North Lithium project and the HYergo Lithium project (located in Argentina)
Even after going up 5.6% today, $POR is trading for just @ $0.095/share, with a tiny MC of 7.79M
With gold famously known for holding its value and lithium being a critical component of batteries that power electric vehicles, investing in this company is a way to get into these profitable sectors on the cheap.
Also, $POR has had some pretty promising news recently:
- In May they announced promising results from Phase 1 drilling at their Gold Creek Project. They found near-surface, visible gold encountered in quartz veining and evidence of syenite-like gold-bearing dykes. Overall, 6.95 meters of 1.7g/t gold including 3.36 meters of 2.40 g/t gold was reported
- A few weeks ago they reported that their geological crew completed their initial site visit to the Allison Lake North project, where they encountered several granitic pegmatite outcrops which allowed them to get samples that have now been submitted for chemical and mineral analysis. Results of these tests will be reported upon receipt.
Full news release for Gold Creek Project news here:
https://www.newsfilecorp.com/release/83526
And for the Allison Lake North project here:
https://www.newsfilecorp.com/release/90008/Portofinos-Geological-Team-Completes-Initial-Exploration-and-Channel-Sampling-Allison-Lake-North-Lithium-Rare-Elements-Property