Portofino Resources Inc. is pleased to provide an update to the Company's June 23rd news release announcing the mobilization of our geological crew to the Allison Lake North lithium and rare elements property . Portofino's geologists have encountered several granitic pegmatite outcrops in recently logged areas of the property enabling the team to immediately initiate a channel sampling program across these exposures . The [...]
Portofino Resources Inc. is pleased to announce it has mobilized a geological crew to the Allison Lake North lithium and rare elements . The Property comprises 1,618 hectares and is located 100 kilometers east of the town of Red Lake in northwestern Ontario. The Property is accessible by well-established logging roads and a hydro-electric power line transects the claim group. The geological crew has commenced mapping and [...]
Portofino Resources Inc. wishes to report that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual and Special General Meeting held Monday June 7, 2021, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J. Wilkinson and Brian Crawford. Manning Elliott LLP [...]
HIGHLIGHTS Near surface, visible gold encountered in quartz veining 6.95 meters of 1.7g/t gold including 3.36 meters of 2.40 g/t gold reported Evidence of syenite-like gold bearing dykes provides strong evidence for analogies to Kirkland Lake and Timmins-style gold camps Portofino Resources Inc. is pleased to report that gold assay results have been received for the Gold Creek drilling program completed in March 2021. A [...]
Portofino Resources Inc. reports that it has completed and submitted an Environmental Impact Report with the Provincial Mining Ministry of Catamarca regarding its 100% controlled Yergo Lithium Project in Argentina. The report follows a drilling permit application also recently submitted to the Ministry . Drill testing of the Project will enable initial evaluation of the volume and the lithium content of the brines and [...]
Portofino Resources Inc. is pleased to report that it has filed an application with the Provincial Mining Ministry of Catamarca for a drill permit pursuant to implementing an inaugural drill program on the Aparejos Salar in its 100% controlled Yergo Lithium Project in Argentina. A recently completed geophysical survey and surface geochemical sampling program was successfully completed at the Project . The survey [...]
Portofino Resources Inc. is pleased to announce it has executed an agreement to acquire the Allison Lake North Lithium and Rare Elements Property. The Property comprises 4 claims totaling 1,618 hectares and is located 100 kilometers east of the town of Red Lake in northwestern Ontario. The Property is accessible by well-established logging roads and a hydro-electric power line transects the claim group. "The Allison Lake [...]
Portofino Resources Inc. is pleased to report that a total of 798 meters of diamond drilling has been completed through four holes on it's Gold Creek Project located 65 kilometers west of Thunder Bay. The Phase 1 drill program tested targets at the 'New Road Zone' and 'S1 Zone' where 2020 fall sampling programs confirmed the presence of anomalous to high grade gold in grab samples. Two holes were completed at each zone [...]
Portofino Resources Inc. is pleased to report that its 2021 geophysical survey and surface geochemical sampling program has been successfully completed at the Company's Yergo Lithium Project, located in Catamarca Province, Argentina. The geophysical survey work followed up on encouraging Lithium and Potassium analytical results generated by the Company's initial near-surface brine sampling program conducted in 2019. The [...]
Portofino Resources Inc. is pleased to announce it has received encouraging Soil Gas Hydrocarbons gold-in-soil results from a focused geochemical survey conducted in January 2021 at its South of Otter property. These results complement the anomalous SGH Silver-Copper-volcanogenic massive sulfides -in-soil results previously announced on January 5th, 2021. The South of Otter property is situated in the Red Lake Gold Camp [...]
Portofino Resources Inc. reports that it has closed its private placement financing for $140,000 priced at $0.10 per Unit. Each Unit consists of one common share and one share purchase warrant. Each warrant has a term of 24 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.15 during the term. 1.4 million shares have been issued and are subject to a four-month hold [...]
Portofino Resources Inc. is pleased to announce that further to its March 16 news release, a drill rig has now been mobilized to its Gold Creek, Ontario project and drilling has begun. The drilling contract calls for a minimum of 750 metres of diamond drilling and is anticipated to consist of 6 holes within the eastern portion of the claim area. Two historically identified zones and one new zone discovered by Portofino's [...]
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