Portofino Resources (TSXV: POR) is currently developing two promising gold projects, right next door to Kinross Gold’s (MCAP: $7.65B) Dixie project. Kinross recently acquired the Dixie project through the $1.8B acquisition of Great Bear Resources Ltd.
Portofino’s South of Otter property is situated within the Birch-Uchi-Confederation Lakes greenstone belt, which hosts the world-renowned Red Lake gold deposit. It is located only 8 km east of the Dixie project and has delivered promising samples up to 18 g/t Au.
In addition to its gold prospects, Portofino is also stepping into the lithium big leagues through an agreement with the Argentinian government. The agreement gives Portofino access to top-level prospects in the Argentinian Lithium Triangle.
With Portofino building a strong portfolio in two of the highest sought after commodities right now, it's definitely a company worth watching.
$POR.v is currently trading at $.075, valued at CAD $7.67 million.
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