Portofino Resources Inc. is pleased to announce its geophysical team has arrived at site and commenced work at the Company's Yergo lithium Project , located in Catamarca Province, Argentina. The geophysical survey work is intended to follow up on encouraging Lithium results achieved during a previous near-surface brine sampling program . The program will help to define the extent of brines in the sub-surface of the [...]
Portofino Resources Inc. is pleased to announce a geophysical team has been engaged to complete a geophysical survey at the Company's Yergo lithium Project , located in Catamarca Province, Argentina. The geophysical survey work is intended to follow up on encouraging Lithium results achieved during a previous near-surface brine sampling program . The geophysical program will help to define the extent of brines in the [...]
Portofino Resources Inc. had a highly active 2020 that included 4 new property acquisitions and completed financings totaling over $2.4 million . Multiple field programs were implemented and were successful in advancing our Northwestern Ontario projects. A 2020 summary of activities, results and 2021 plans regarding our two main projects are as follows: South of Otter Gold & Base Metals Project, Red Lake, Ontario • A [...]
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 October/November at its South of Otter property. The South of Otter property is situated in the Red Lake Camp of northwestern Ontario and lies only 8km east of Great Bear Resources Dixie Project and contiguous to Dixie Gold's Red Lake Gold Project. Both Great [...]
Reports geochemical gold analyses on 94 samples Anomalous samples range up to and greater than 5,000 ppb gold Newly discovered gold zone has potential 300 metres strike length Portofino Resources Inc. is pleased to announce the second batch of analytical results from the fall 2020 field work on its Gold Creek Property in northwestern Ontario. This second batch consisted of 94 grab samples and brings the total number of [...]
Reports the first 60 Gold content analyses; highest grade sample assayed over 45 g/t Gold; seven samples assayed greater than 5 g/t Gold Portofino Resources Inc. is pleased to announce the first batch of analytical results for its fall 2020 field work on its Gold Creek Property in northwestern Ontario. The fall program was intended to test both known showings and those new gold targets defined by the Company's recently [...]
Portofino Resources Inc. announces that further to its previously announced private placement for $500,000, , the Company's financing has been oversubscribed and has been closed at $630,500. The placement is priced at $0.10 per unit and 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 [...]
Portofino Resources Inc. announces that due to strong interest in its previously announced private placement for $500,000, it has increased the financing to $600,000. The placement is priced at $0.10 per unit and 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 [...]
Portofino Resources Inc. announces that it has arranged a private placement financing for $500,000 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 it has received the final deliverable maps for the high-resolution airborne magnetic survey covering the Company's South of Otter Project in the Red Lake gold camp, Ontario . The survey has identified several structural and magnetic features that when merged with recent trenching, sampling and surface mapping, as well as historical work have enabled the Portofino technical [...]
Portofino Resources Inc. is pleased to report its geological team is currently on-site and conducting the fall 2020 field work program on the Gold Creek property, in northwestern Ontario . The fall program is intended to continue the successful initial prospecting work that focused on the eastern part of the Gold Creek claims and the numerous high-grade showings including the recently recovered 17.3 grams/tonne gold and [...]
Portofino Resources Inc. is pleased to report that it has now received full consideration, for the sale and assignment of Portofino's right to earn a 100% interest in the Del Condor and Pucara lithium brine salar properties in Argentina. The consideration totaled C$100,000 in cash and 650,000 Galan Lithium Limited ordinary shares, pursuant to its previously announced transaction . GLN shares as traded on the Australian [...]