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 [...]
Portofino Resources Inc. announces that it has arranged a private placement financing for $140,000 priced at $0.10 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 24 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.15 during the term. Closing will be subject to TSXV Exchange approval and [...]
Portofino Resources Inc. is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company , a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. Portofino's common shares are now fully DTC eligible and are tradeable in the United States under the ticker symbol "PFFOF" on [...]
Portofino Resources Inc. is pleased to announce the Company has been issued an Exploration Permit for its Gold Creek Project from the Ontario Ministry of Energy, Northern Development, and Mines. The Gold Creek claims are situated within First Nation traditional lands and as part of the Permit process, Portofino consulted with, and has received support for its exploration plans from local First Nations groups. The Permit [...]
Portofino Resources Inc. is pleased to announce its geophysical exploration team has completed its site work at the Company's Yergo lithium Project , located in Catamarca Province, Argentina. The team completed a vertical electric soundings geophysical survey that followed up encouraging Lithium results achieved during a previous near-surface brine sampling program. The survey tested 39 sites covering an area representing [...]
Portofino Resources Inc. is pleased to announce the Company's common shares have been approved for quotation on the OTCQB Venture Market as at the opening of the market on February 05, 2021. The Company will trade under the stock symbol "PFFOF". The OTCQB is a premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information [...]
Portofino Resources Inc. is pleased to announce it has received encouraging Soil Gas Hydrocarbons Silver-Copper-volcanogenic massive sulfides -in-soil results from a focused geochemical survey conducted in October/November at its South of Otter property. These results compliment the anomalous SGH gold-in-soil results previously announced on January 5th, 2021 . The South of Otter property is situated in the Red Lake Gold [...]
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