Portofino Resources Inc. is pleased to announce that it has engaged Prospectair Geosurveys to complete a high-resolution helicopter-borne magnetometer geophysical survey on the Allison Lake North property . The support crew has been mobilized and the survey is underway. The program comprises approximately 406 line-kilometers of airborne geophysical surveys with GPS controlled, 50-meter line separations in order to achieve [...]
Portofino Resources Inc. is pleased to announce the execution of a Memorandum of Understanding with Recursos Energeticos Y Mineros De Salta, the state-owned mining company in Argentina. The MOU provides Portofino with an option to earn a majority interest in multiple mining concessions that REMSA maintains. The initial mining properties with geological potential have been identified by Portofino and REMSA and are focused [...]
Portofino Resources Inc. announces that pursuant to meetings held in Argentina between the Company's senior management, the National Mining Secretary and the Minister of Water, Energy and Environment for the Province of Catamarca during the week of February 21st, 2022, the Company has gained significant clarity regarding the Yergo project drill permit. The permit has been pending for an extended period, and the Company [...]
Portofino Resources Inc. is pleased to announce results from a follow-up systematic channel sampling program on the Allison Lake North Lithium and Rare Elements Property located 100 kilometres east of the town of Red Lake in northwestern Ontario. In addition to expanding on the Company's initial exploration program where encouraging Lithium and Tantalum values were discovered, the most recent sampling has also yielded [...]
Portofino Resources Inc. announces that in compliance with the Company's Stock Option Plan, the Board of Directors has granted 1.25 million incentive common share options exercisable for up to 5 years at $0.12 to certain directors, officers, and consultants of the Company. About Portofino Resources Inc. Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the [...]
Portofino Resources Inc. is providing an update to investors on its current and ongoing exploration and corporate activities: Yergo Lithium Project The Company submitted a drilling permit application to the Provincial Mining Ministry of Catamarca, Argentina and the approval process has taken much longer than anticipated. The Company's Argentine representatives have however, maintained regular contact with the Ministry and [...]
Portofino Resources Inc. announces that it has retained 1712060 Alberta Co. to provide strategic investor relations and financial communications services for a period of up to 12 months. The Company will pay a monthly retainer fee of $12,500 for select strategic communications services. Mr. Kondas has been active in Corporate Finance/Venture Capital and Communications for over 20 years. His corporate communications [...]
Portofino Resources Inc. is pleased to announce it has increased and closed its previously announced non-brokered private placement for gross proceeds of $700,000 priced at $0.09 per Common Share Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.12 during the [...]
Portofino Resources Inc. is pleased to announce a fully subscribed non-brokered private placement of $676,000 priced at $0.09 per Common Share Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 36 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.12 during the term. Closing is subject to TSXV [...]
Portofino Resources Inc. is pleased to report, its previously announced non-brokered, private placement comprising common share Units has closed and the Company has received subscriptions for $650,000. Each Unit consists of one common share and one share purchase warrant. Each warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.12 during the [...]
Portofino Resources Inc. is pleased to announce that due to strong interest, its previously announced non-brokered private placement of $500,000 has been oversubscribed and increased to $650,000. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 36 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.12 [...]
Portofino Resources Inc. is pleased to report that its Argentine field crew is traveling to the Yergo, Argentina lithium project this week to evaluate current conditions and prepare site logistics for an upcoming drilling program. Portofino's technical team has identified an initial 4 priority drill targets and a drilling contract has been executed. Drill testing of the Project will enable initial evaluation of the volume [...]
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