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$PFFOF - Portofino Completes Geophysical Survey - Yergo Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce its geophysical exploration team has completed its site work at the Company's Yergo lithium Project (the "Project"), located in Catamarca Province, Argentina. The team completed a vertical electric soundings ("VES") 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 approximately 2200 hectares. Additional surface sampling was also completed and expanded upon Portofino's previous exploration program. Results will be released as soon as available. Recent site photos.
Portofino's CEO, David Tafel comments; "Our exploration team reported excellent access to our project site and with ideal weather conditions completed their program ahead of schedule. The geophysical survey results will aid in defining the extent of brines in the sub-surface of the Project and will be used to define drilling targets."
The Company's 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 depth of 1.3 metres. 22 locations across the property were previously 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 average of the Magnesium "Mg" / Li ratio of the samples taken was low, having a 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 Corp's (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
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.
https://orders.newsfilecorp.com/files/3751/74684_e05d934a642d8b47_logo.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74684
https://www.newsfilecorp.com/newsinfo/74684/130
Great things ahead is correct! Now wrinklevoss is calling gold the net SQUEEZE like gme stop... Gems like PFFOF portofino resources with their gold properties and proven gold in those lands to go with one of the best lithium areas in the world should get giant boosts too! Floating on bottom i actually added 10k shares more here today as well! 340,000 and building! So much nicer to have minimal activity when building positions! best of luck all! should be a great time!
You know the future. Great things ahead.
LCJR
Taking a hit this morning but we got this !
No worries my friend. Let’s ride this stealth ticker as high as we can before it’s discovered. LOL
LCJR
We are down now but in a few weeks it will be perfect !!
Me too!!! Glad I got in early !!
I got in at .1449 with 16,492 shares. I'm happy.
LCJR
Thank you XRAY168 for this tip. I'm opening a starter position here today. I can't believe I didn't see this before, this is really under the radar with massive potential.
LCJR
I can’t find anything interesting
I will invest because it doesn’t look like to much people know of this now and when they do I know it will make some noise
Older video, but 32,000 subscribers. Im sure with the reopening of the lithium property many are loading at these levels as they liked it even more higher.. its a matter of interest right now. Here is the video dissecting the gold property.
I’m loading up Monday before everyone catches on
People are accumulating right now 100's of thousands! The price was 8 cents but look how many shares were traded there... As soon as they completed the OTCQB listing in the United States this shot up quickly! It has retraced the initial hype back to looking like .12 is the floor... once they update on their lithium property this will fly... won't be surprised to see it go north of a dollar! The company has great properties!
What was the cost in this a few weeks ago I can’t find much info thinking of adding a couple hundred shares and see what happens
My avg. cost is .14 cents. Not rock bottom but definitely a great entry price.
Thinking of starting a position here
What’s a good entry point ? Now lol
PFFOF according just to Price for lithium project .44-2.64
**IMPORTANT NOTES FROM THE PAPER**
- Portofino controls a 2,932 hectare brine project in Catamarca province, Argentina, 15 km southeast of Neo Lithium’s very high-grade /very low-impurities project. Admittedly, 2,932 ha is not a giant footprint, but it’s not tiny either.
Portofino’s property is about the same size, or larger than, land packages held by Argosy Minerals & Lithium South Development Corp., who have market caps of $180M & $30M, respectively. (.44-2.64)
- Portofino’s Yergo project is 15 km from Neo Lithium’s PFS-stage 3Q project, possibly the single best pre-construction lithium brine project in the world.
- NTTHF has a $329 million market cap. Neo Lithium is up 818% and price adjusted for PFFOF 329/68 = $4.83 and we still haven't got into their gold properties!
PFFOF offers tremendous upside and is brand new to United states investors beings they have just recently listed on the OTCQB
http://epsteinresearch.com/2021/01/21/portofino-revisits-its-lithium-past-but-primary-focus-remains-on-canadian-gold-projects/
Its NOT much of a gamble especially at 13 cents! Once they update on their lithium triangle property this will fly...
Latin America's Lithium Triangle (Argentina, Bolivia and Chile) and Peru account for more than half of the world's lithium, and establishing a strong investment climate will be key to boosting the region's lithium production to help meet global demand and address climate change
SMELLS LIKE a runn!
You are better off than I! I am averagin out at .15 !
In at 13 cents. Total gamble, but ya gotta risk it for the biscuit!
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