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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 waves1on Dec 21, 2021 5:05pm
134 Views
Post# 34252361

Promising update on lithium properties & acquisition

Promising update on lithium properties & acquisition
Portofino Resources ($POR.V $PFFOF) recently provided an update on its current and ongoing exploration and corporate activities.
 
Yergo Lithium Project:
• Awaiting approval of drilling permit to allow the implementation of a 4-hole drill program 
• Drilling contractor is prepared to mobilize immediately upon receipt of the permit
• Pesence of lithium-rich brines and the potential volume of the brines within the sub-basins
 
Allison Lake North Channel Sampling
• Awaiting analysis of the September channel sampling program 
• Program expanded the initial exploration program to additional encouraging Lithium and Tantalum values were discovered 
 
Greenheart Lake, McNamara Lake Lithium Properties
• Executed an agreement to acquire Greenheart Lake and McNamara Properties
• GL: 3 claims (60 cells) totaling ~1200 hectares
• ML: 3 claims (56 cells) totaling ~1120 hectares 
 
Overall, this is a promising update from $POR and I'm looking forward to receiving additional updates as these activities progress.
 
https://themarketherald.ca/portofino-announces-lithium-properties-updates-and-acquisition-2021-12-14/ 
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