• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    Portofino Commences Exploration on Its Red Lake, Ontario Property

    Nataly Cure
    Feb. 13, 2020 06:43AM PST
    Battery Metals
    TSXV:POR

    Portofino Resources is pleased to report that its exploration crew has mobilized to site and commenced exploration work on its South of Otter property.

    Portofino Resources Inc. (TSXV:POR, FSE:POTA) (“Portofino” or the “Company”) is pleased to report that its exploration crew has mobilized to site and commenced exploration work on its South of Otter property located in the Red Lake mining district.

    The first phase of Portofino’s 2020 exploration program consists of approximately 25-line kilometers (“km”) of ground VLF/EM geophysics and soil geochemistry surveys. The program’s objective is to delineate mineralized structures related to past gold and base metal discoveries in the region and outline targets for follow-up trenching and drilling. Multiple gold, copper and zinc deposits and prospects have been discovered both immediately to the north and immediately to the south of the property claim boundaries.

    The 5,120 hectares (South of Otter) property is contained within the Birch-Uchi-Confederation Lakes greenstone belt which hosts the world-renowned Red Lake gold deposits and includes the Dixie project currently being drilled by Great Bear Resources Ltd. (“GBR”). GBR has recently reported exciting drill results with mineralized intersections commonly returning bonanza gold grades in association with coarse visible gold grains. Portofino’s property is located approximately 8 km east of GBR’s claims.

    The South of Otter property is also within 6 km of BTU Metals Corp. (“BTU”). BTU reported recent drilling success including an assay result of 44.3 meters of 1.14% copper equivalent with intervals containing as much as 5.56% copper, 99.6 grams per tonne (“g/t”) silver and 2 g/t gold.

    The Portofino property contains excellent targets for both Red Lake-style gold mineralization as well as gold bearing base metal prospects. Historical work on the claims included prospecting, sampling, limited drilling, and airborne magnetic geophysical surveys. Drilling results included a gold bearing assay yielding 0.25% copper and 1.25% zinc over 2 meters completed by BP Resources Canada Ltd. in 1986.

    Qualified Person

    The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P. Geo., who is a member of the Association of Professional Geoscientists of Ontario and is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

    About Portofino Resources Inc.

    Portofino is a Vancouver-based Canadian company focused on acquiring, exploring and developing mineral resource projects in the Americas. In addition to the Red Lake property, the Company maintains an interest in prospective lithium salar properties located within the world-renowned “Lithium Triangle” in Catamarca, Argentina.

    On Behalf of the Board,

    “David G. Tafel”
    Chief Executive Officer

    For Further Information Contact:
    David Tafel
    CEO, Director
    604-683-1991

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward- looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

    Click here to connect with Portofino Resources Inc. (TSXV:POR) for an Investor Presentation.

    Source

    david tafelportofino resources inc.lithium investingtsxv:por
    The Conversation (0)

    Go Deeper

    AI Powered
    Portofino Resources

    Portofino Resources

    TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

    TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Jindalee Lithium

    JLL:AU

    CleanTech Lithium

    CTLHF

    Lithium Universe

    LU7:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×