Portofino Resources Inc. is pleased to announce that it has arranged a non-brokered private placement financing for $500,000 priced at $0.08 per 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 will be subject to [...]
Portofino Resources Inc. is pleased to announce its geological team has re-mobilized to the Allison Lake North Lithium and Rare Elements Property located 100 kilometres east of the town of Red Lake in northwestern Ontario. The team is expanding on the initial exploration program and carrying out additional systematic channel sampling where encouraging Lithium and Tantalum values were recently discovered. Initial grab [...]
Portofino Resources Inc. is pleased to announce it has received encouraging reconnaissance grab and channel sample results from it's Allison Lake North Lithium and Rare Elements Property located 100 kilometres east of the town of Red Lake in northwestern Ontario. Reconnaissance mapping and sampling was completed on the Property during the month of June 2021, the first such effort since 2003. Sampling by the Ontario [...]
Portofino Resources Inc. is pleased to report that it has retained a drilling contractor for its Yergo, Argentina lithium project. The Company is working with the contractor in preparing site logistics for the Company's pending drilling program. Currently, the weather at the Project is typical for the end of the winter season with the salar holding much surface water. Drilling is anticipated to commence in October once [...]
Portofino Resources Inc. is pleased to report that its Argentine field crew has completed a site visit to its Yergo, Argentina lithium project this week to evaluate current conditions and prepare site logistics for a near term drilling program. Portofino's technical team has identified an initial 4 priority drill targets and a drilling contract is being finalized for a minimum 300 meters. Drill testing of the Project will [...]
Portofino Resources Inc. is pleased to report that its geological crew has completed its initial site visit to the Allison Lake North lithium and rare elements property . Portofino's geologists encountered several granitic pegmatite outcrops in recently logged areas of the property enabling the team to initiate a channel sampling program across these exposures . 57 channel samples and 17 select grab samples have now been [...]
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 [...]
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