Portofino Mobilizes Geophysical Survey Crew to Its Yergo Lithium Project
(firmenpresse) -
Vancouver, B.C., February 02, 2021. PORTOFINO RESOURCES INC. (POR: TSX-V) (POTA: FSE) (Portofino or the Company) is pleased to announce its geophysical team has arrived at site and commenced work at the Companys Yergo lithium Project (the Project or the Property), located in Catamarca Province, Argentina. The geophysical survey work is intended to follow up on encouraging Lithium (and Potassium) results achieved during a previous near-surface brine sampling program (NR - May 27, 2019). The program will help to define the extent of brines in the sub-surface of the Property, which will in turn be used to define targets for exploration drilling. Approximately 36-line kilometres (km) will be covered by the survey and work will also include additional surface sampling not covered by Portofinos previous exploration program.
The Companys 2019 exploration program consisted of surface and near-surface brine sampling and geological mapping. Hand augers were utilized to obtain the brine samples from surface to a maximum depth of 1.3 metres. 22 locations across the property were sampled within the project concessions with samples returning values of up to 373 mg/L lithium (Li), and 8,001 mg/L potassium (K). The Magnesium Mg / Li ratio in the brines is low with an average value of 0.74.
Portofino has the right to earn a 100% interest in the 2,932 hectares Yergo Project which encompasses the entire Aparejos Salar, located in the southern part of the world-renowned Lithium Triangle and within 15 km of Neo Lithium Corps (TSXV:NLC) advanced 3Q Project. Due to the proximity of the 3Q Project salar, the Yergo salar is likely to have experienced similar geological histories and similar enrichment in Lithium (and Potassium) because of the common evaporitic climate and local geology (i.e., located within the same volcanic package likely with exposure to the same potential lithium source rocks).
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Andrew J. Turner, B.Sc., P.Geo. of APEX Geoscience Ltd., who 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 exploring and developing mineral resource projects in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan Nickel-Copper mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp. The Company also holds the right to a 100% interest in the Yergo lithium salar property located within the world-renowned Lithium Triangle in Argentina.
For further information on the Company, its projects and its management please visit our website:
https://www.portofinoresources.com/.
ON BEHALF OF THE BOARD
David G. Tafel
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director 604-683-1991
Suite 520 - 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
info(at)portofinoresources.com
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 Companys future plans and operations, including managements assessment of the Companys project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Companys 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.
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Datum: 02.02.2021 - 12:11 Uhr
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