Junior mining company Portofino Resources has provided updates on their lithium properties and also news of acquisitions.
$POR’s Yergo Lithium Project is expected to begin drilling soon. As the acquisition of drilling permits has taken longer than expected, $POR’s representatives have been advised that the permits should be approved in very short order.
$POR.V has also executed an agreement to acquire the Greenheart Lake Lithium Property ("GL") and the McNamara Lake Lithium Property ("ML").
The GL Property comprises 3 claims totalling approximately 1,200 hectares. The ML Property comprises 3 claims (56 cells) totalling approximately 1,120 hectares.
Both properties are strategically located in the Balmoral and MacNamara Lake areas of northwestern Ontario within 15km of the town of Ignace and are accessible by well-established logging roads just off the Trans Canada highway.
Shares were up 4.5% Friday on this news and the charts show some strong chances of continued gains after indicators of a price bottom and a strong bullish Doji.
Shares of $POR are currently trading at $.115 and the company is valued at $11.4 million.
https://ceo.ca/@newsfile/portofino-announces-lithium-properties-updates-and