Feeling good about one of my gold exploration picks, Portofino Resources ( $POR.V $PFFOF $POTA), today.
Last week the company provided a corporate and exploration update that looked really promising
At their Yergo Lithium Project $POR
- Submitted a drilling permit application to the Provincial Mining Ministry of Catamarca, Argentina
- The approval process is taking longer than expected but their Argentine representatives have been advised that a permit will be approved in very short order.
At the Allison Lake North:
-This fall the geological team completed a follow-up, systematic channel sampling program on the Allison Lake North Lithium and Rare Elements Property.
- The initial exploration program where encouraging Lithium and Tantalum values were discovered was expanded.
- 35 channel and 11 grab samples were submitted for chemical and mineral analysis
Most excitingly $POR announced in this update that they have executed an agreement to acquire the Greenheart Lake Lithium Property and the McNamara Lake Lithium Property which are strategically located in the Balmoral and MacNamara Lake areas of NW Ontario.
Each property occurs proximal to a triple junction of three terrane boundaries: the Wabigoon,
$POR is 4.35% in the green today trading at $0.12
If you're invested definitely check out the full press release here:
https://ca.finance.yahoo.com/news/portofino-announces-lithium-properties-updates-155100380.html