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 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. Management is currently in Argentina, meeting with Catamarca & Salta provincial government officials. They are discussing progress regarding Yergo and REMSA, so I look forward to hearing updates on this.
Portofino will also be exhibiting at PDAC 2022 next week in Toronto, June 15-17.
$POR.v is currently trading at $.08, valued at CAD $8.18million.
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