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Nibbled a few
Ingredients
12 oz Zweigle's Chorizo chicken sausage, fully cooked, sliced into ½ inch pieces
1 20 oz can pineapple chunks, reserve juice
2 T teriyaki sauce
1 T chili sauce
2 T honey
1 T pineapple juice (that you reserved from can)
Instructions sausage bites
Soak your toothpicks in water for 20 minutes before baking so they don't char in the oven. This won't leave a flavor residue. Be sure to use non-colored toothpicks as the colored toothpicks will bleed and discolor the food!
Preheat oven to 425 degrees F.
Line a baking sheet with foil (and spray with non-stick cooking spray), parchment paper, or a silicone baking mat.
Place a chunk of pineapple on top of a slice of chicken sausage and stick one toothpick into each of them. Place on the prepared pan.
In a small mixing bowl, combine remaining four ingredients to make the glaze.
Brush glaze over tops and sides of sausage/pineapple bites. Try not to get a ton of glaze on the toothpick as it will burn when in the oven.
Cook in the oven for 15 minutes or just until hot, keeping an eye on them so they don't burn.
Remove from oven, let cool slightly, and serve warm. Enjoy!
COSM go boom
GM. Its a thing of beauty here.
Oh my. We're right there. Push baby
Yes it does
Well was hoping for a squeeze there. Nice volume on it
Hit my first target I see
Hope so
Love that
Certainly is a positive
Not bad except for the cash position and the going concern statement. Receivables were strong
COSM. bought some AH. Appears A Huge short on it. Anything positive should send it
You're a cheapskate
Its a good strategy
Company doing the shares for consulting thing
Padres won and it rained in San Diego
Both extremely rare occurrences
Still have my IQDs. Hope springs eternal
Reminds me of a bumper sticker I saw...."the facts, though interesting, are irrelevant"
Been thinking about silver. What do you like there? Stocks, indexes or physical silver?
Nice buy
Looks good. took a starter here
Does anyone know when the hearing is?
PFFOF news
Portofino Reports Geological Team Mobilized To Allison Lake North Lithium Project
Vancouver, B.C., October 03, 2022. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce that its geological team has mobilized to the Allison Lake North property to follow-up on the Company’s 2021 channel and grab sampling programs that reported encouraging values of up to 412 ppm lithium and 1040 ppm rubidium.
Recently completed high-resolution magnetic heli-borne survey results (NR-Sept 15, 2022) combined with Portofino’s previous sampling and mapping efforts will be instrumental in guiding this phase of ground prospecting, sampling and identification of mineralization typically associated with lithium-bearing pegmatites. Exploration efforts will focus on the outer edges of the Allison Lake Batholith where it comes in contact with the Jubilee Lake metasediments. Metasediments make excellent hosts for rare-element pegmatites containing Lithium, Cesium and Tantalum minerals (“LCT”).
The Company’s geological crew led by Emerald Geological Services (EGS) is encouraged by what has been encountered in the field thus far this month. Grey pegmatites in contact with metasediments have been discovered containing key indicator minerals of garnet and tourmaline typical of LCT-pegmatites (Figure 1).
Portofino’s previous sampling programs in 2021 returned anomalous rare-element results within the LCT Goldilocks Zone, a fractionation corridor outlined by Green Technology Metals (Figure 2) believed to be a zone ideal for the location of Li-mineralization such as the SJ Pegmatite. The SJ Pegmatite discovered in 1964 by Stan Johnson lies only 1.5 kilometres east of Portofino’s southern claim group. This occurrence represents the largest known pegmatite outcrop in the Jubilee Lake metasediments and within the LCT Goldilocks Zone covering an exposed area of 30 x 35 metres. Sampling of the SJ Pegmatite by the Ontario Geological Survey (“OGS”) in 2003 returned highly anomalous Li (140 ppm), Cs (47 ppm), Ta (173 ppm), Nb (462 ppm) and Rb (1227 ppm).
Portofino’s CEO, David Tafel comments; “The high-resolution magnetic survey completed this summer outlined priority prospecting and sampling areas to focus on this fall. Over the past week our team has uncovered and sampled additional pegmatite outcrops and we are looking forward to seeing the lab assay results from this sampling. New claims that we added following last year’s field season are also being explored by Portofino for the first time and we are excited about the newly discovered prospects of this ground.”
Figure 1. Field mapping photo’s taken by EGS. A) Bands of red garnets in pegmatite. B) Grey pegmatite in contact with Jubilee metasediments. C) Grey pegmatite dyke. D) Tourmaline crystals within a white pegmatite.
Figure 2. Fractionation trends and sampling within the Allison Lake Batholith from Green Technology Metals. (Modified to include Portofino’s claims and 2021 sampling results).
About The Allison Lake North Property
The Allison Lake North Property comprises 7 claims totaling 2,286 hectares and is located 100 kilometres east of the town of Red Lake in northwestern Ontario. Numerous lithium deposits have been delineated in northwestern Ontario and host significant reserves of lithium oxide- Li2O. The Property is accessible by well-established logging roads and a hydro-electric power line transects the claim group. The Property contains significant attributes that are key to the formation of lithium-bearing pegmatite dykes. It is positioned along the contact between the Allison Lake pegmatite granite batholith and the Jubilee Lake metasedimentary rocks of the Uchi Subprovince in northwestern Ontario. This important contact is now fully staked and subject to active exploration by multiple companies.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the information on the properties of neighbouring companies.
References
Breaks, F.W., Selway, J.B. and Tindle, A.G., 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, North and Northwest Ontario: Operation Treasure Hunt, Ontario Geological Survey, Open File Report 6099, 212p.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino’s South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
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.
PFFOF news
Portofino Reports Geological Team Mobilized To Allison Lake North Lithium Project
Vancouver, B.C., October 03, 2022. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce that its geological team has mobilized to the Allison Lake North property to follow-up on the Company’s 2021 channel and grab sampling programs that reported encouraging values of up to 412 ppm lithium and 1040 ppm rubidium.
Recently completed high-resolution magnetic heli-borne survey results (NR-Sept 15, 2022) combined with Portofino’s previous sampling and mapping efforts will be instrumental in guiding this phase of ground prospecting, sampling and identification of mineralization typically associated with lithium-bearing pegmatites. Exploration efforts will focus on the outer edges of the Allison Lake Batholith where it comes in contact with the Jubilee Lake metasediments. Metasediments make excellent hosts for rare-element pegmatites containing Lithium, Cesium and Tantalum minerals (“LCT”).
The Company’s geological crew led by Emerald Geological Services (EGS) is encouraged by what has been encountered in the field thus far this month. Grey pegmatites in contact with metasediments have been discovered containing key indicator minerals of garnet and tourmaline typical of LCT-pegmatites (Figure 1).
Portofino’s previous sampling programs in 2021 returned anomalous rare-element results within the LCT Goldilocks Zone, a fractionation corridor outlined by Green Technology Metals (Figure 2) believed to be a zone ideal for the location of Li-mineralization such as the SJ Pegmatite. The SJ Pegmatite discovered in 1964 by Stan Johnson lies only 1.5 kilometres east of Portofino’s southern claim group. This occurrence represents the largest known pegmatite outcrop in the Jubilee Lake metasediments and within the LCT Goldilocks Zone covering an exposed area of 30 x 35 metres. Sampling of the SJ Pegmatite by the Ontario Geological Survey (“OGS”) in 2003 returned highly anomalous Li (140 ppm), Cs (47 ppm), Ta (173 ppm), Nb (462 ppm) and Rb (1227 ppm).
Portofino’s CEO, David Tafel comments; “The high-resolution magnetic survey completed this summer outlined priority prospecting and sampling areas to focus on this fall. Over the past week our team has uncovered and sampled additional pegmatite outcrops and we are looking forward to seeing the lab assay results from this sampling. New claims that we added following last year’s field season are also being explored by Portofino for the first time and we are excited about the newly discovered prospects of this ground.”
Figure 1. Field mapping photo’s taken by EGS. A) Bands of red garnets in pegmatite. B) Grey pegmatite in contact with Jubilee metasediments. C) Grey pegmatite dyke. D) Tourmaline crystals within a white pegmatite.
Figure 2. Fractionation trends and sampling within the Allison Lake Batholith from Green Technology Metals. (Modified to include Portofino’s claims and 2021 sampling results).
About The Allison Lake North Property
The Allison Lake North Property comprises 7 claims totaling 2,286 hectares and is located 100 kilometres east of the town of Red Lake in northwestern Ontario. Numerous lithium deposits have been delineated in northwestern Ontario and host significant reserves of lithium oxide- Li2O. The Property is accessible by well-established logging roads and a hydro-electric power line transects the claim group. The Property contains significant attributes that are key to the formation of lithium-bearing pegmatite dykes. It is positioned along the contact between the Allison Lake pegmatite granite batholith and the Jubilee Lake metasedimentary rocks of the Uchi Subprovince in northwestern Ontario. This important contact is now fully staked and subject to active exploration by multiple companies.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the information on the properties of neighbouring companies.
References
Breaks, F.W., Selway, J.B. and Tindle, A.G., 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, North and Northwest Ontario: Operation Treasure Hunt, Ontario Geological Survey, Open File Report 6099, 212p.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino’s South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
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.
PFFOF news
Portofino Reports Geological Team Mobilized To Allison Lake North Lithium Project
Vancouver, B.C., October 03, 2022. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce that its geological team has mobilized to the Allison Lake North property to follow-up on the Company’s 2021 channel and grab sampling programs that reported encouraging values of up to 412 ppm lithium and 1040 ppm rubidium.
Recently completed high-resolution magnetic heli-borne survey results (NR-Sept 15, 2022) combined with Portofino’s previous sampling and mapping efforts will be instrumental in guiding this phase of ground prospecting, sampling and identification of mineralization typically associated with lithium-bearing pegmatites. Exploration efforts will focus on the outer edges of the Allison Lake Batholith where it comes in contact with the Jubilee Lake metasediments. Metasediments make excellent hosts for rare-element pegmatites containing Lithium, Cesium and Tantalum minerals (“LCT”).
The Company’s geological crew led by Emerald Geological Services (EGS) is encouraged by what has been encountered in the field thus far this month. Grey pegmatites in contact with metasediments have been discovered containing key indicator minerals of garnet and tourmaline typical of LCT-pegmatites (Figure 1).
Portofino’s previous sampling programs in 2021 returned anomalous rare-element results within the LCT Goldilocks Zone, a fractionation corridor outlined by Green Technology Metals (Figure 2) believed to be a zone ideal for the location of Li-mineralization such as the SJ Pegmatite. The SJ Pegmatite discovered in 1964 by Stan Johnson lies only 1.5 kilometres east of Portofino’s southern claim group. This occurrence represents the largest known pegmatite outcrop in the Jubilee Lake metasediments and within the LCT Goldilocks Zone covering an exposed area of 30 x 35 metres. Sampling of the SJ Pegmatite by the Ontario Geological Survey (“OGS”) in 2003 returned highly anomalous Li (140 ppm), Cs (47 ppm), Ta (173 ppm), Nb (462 ppm) and Rb (1227 ppm).
Portofino’s CEO, David Tafel comments; “The high-resolution magnetic survey completed this summer outlined priority prospecting and sampling areas to focus on this fall. Over the past week our team has uncovered and sampled additional pegmatite outcrops and we are looking forward to seeing the lab assay results from this sampling. New claims that we added following last year’s field season are also being explored by Portofino for the first time and we are excited about the newly discovered prospects of this ground.”
Figure 1. Field mapping photo’s taken by EGS. A) Bands of red garnets in pegmatite. B) Grey pegmatite in contact with Jubilee metasediments. C) Grey pegmatite dyke. D) Tourmaline crystals within a white pegmatite.
Figure 2. Fractionation trends and sampling within the Allison Lake Batholith from Green Technology Metals. (Modified to include Portofino’s claims and 2021 sampling results).
About The Allison Lake North Property
The Allison Lake North Property comprises 7 claims totaling 2,286 hectares and is located 100 kilometres east of the town of Red Lake in northwestern Ontario. Numerous lithium deposits have been delineated in northwestern Ontario and host significant reserves of lithium oxide- Li2O. The Property is accessible by well-established logging roads and a hydro-electric power line transects the claim group. The Property contains significant attributes that are key to the formation of lithium-bearing pegmatite dykes. It is positioned along the contact between the Allison Lake pegmatite granite batholith and the Jubilee Lake metasedimentary rocks of the Uchi Subprovince in northwestern Ontario. This important contact is now fully staked and subject to active exploration by multiple companies.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the information on the properties of neighbouring companies.
References
Breaks, F.W., Selway, J.B. and Tindle, A.G., 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, North and Northwest Ontario: Operation Treasure Hunt, Ontario Geological Survey, Open File Report 6099, 212p.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino’s South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
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.
Added
Added
Added a few
PFFOF news
Portofino Receives and Rejects Notice of Termination for Yergo Property Agreement
7:01 am ET September 22, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that it has received a Notice of Termination (the "Notice") from Mr. Fabian Bertetto, the claim owner and Optionor of the Yergo Project in Catamarca, Argentina, regarding the April 2019 Binding Letter Option Agreement and the May 2021 Binding Letter Agreement Addendum (collectively the "Agreements").
The Notice purports to terminate the Agreements. The Company has immediately and forcefully responded to Mr. Fabian Bertetto that claims made in the Notice are completely unsubstantiated, inaccurate, false, and malicious, and the Company rejects the purported termination as baseless and having no merit whatsoever.
Portofino has not breached the Agreements and will defend its legal rights vigorously. As previously disclosed, the Company has spent over 15 months working closely with the Catamarca Ministry of Environment and Mining related to the development of an environmentally and socially responsible exploration plan for inclusion in the drill permit application. Portofino has not breached the Agreements with respect to payments required to keep the Agreements in good standing and has further completed all required work on the property to advance the Yergo property from a completely greenfield project to one that has the potential to deliver significant value to the Province of Catamarca, Mr. Bertetto and Portofino.
Among other things, the Agreements provide that Mr. Bertetto shall not initiate or solicit or entertain any expressions of interest or proposals from any person or take any action to facilitate the purchase or sale or option of all or any interest in the Yergo Project. In the event that such provision has been breached, the Company reserves the right to additionally pursue Mr. Bertetto and the counterparty, or counterparties, causing the contractual breach. Portofino will seek cost recovery and damages from Mr. Bertetto and all parties that induced, or attempted to induce, Mr. Bertetto to breach the Agreements.
Prior to receipt of the Notice, Mr. Bertetto made no complaint against Portofino. Portofino has kept Mr. Bertetto updated on all property related activities. Mr. Bertetto's regular involvement has included submission of all filings with the provincial mining ministry and detailed participation and support in the furtherance of a drilling permit application for the project. Additionally, the Company met with Mr. Bertetto in Catamarca 3 days prior to receipt of the Notice to discuss further revisions to the drilling permit application, and at no time during this meeting did Mr. Bertetto provide any indication verbally or in writing of any concerns related to Portofino or the Agreements.
A property payment due to be paid to Mr. Bertetto by October 13, 2022 (which includes a 60 day curative period from the original payment date of August 14, 2022), will be set in reserve until all legal issues have been settled to Portofino's satisfaction.
In defence of its rights, Portofino has engaged legal counsel in both Buenos Aires and Catamarca, filed an objection to the Notice with the Ministry of Mining in the Province of Catamarca and is currently pursuing formal avenues of dispute resolution in the Province of Catamarca.
Yergo Project Activity to Continue
Irrespective of the Notice, and pursuant to the rights conferred to the Company under the Agreements, Portofino is proceeding with revisions to the drill permit application as requested recently by the Catamarca Ministry of Mining. Assuming these revisions meet the requirements of the Ministry, and a drill permit is issued, the Company will proceed with site preparation and the planned drill program immediately thereafter.
David Tafel, CEO of Portofino, commented:
"This is a very surprising and unfortunate development, and seemingly timed to coincide with the near-term commencement of our next phase of exploration. Based on the facts and discussions with our legal consultants, we believe we have an extremely strong position, and we will aggressively work towards a quick resolution.
"Our team of geologists, biologists, drilling services and site logistics consultants have spent an inordinate amount of time preparing and filing required and requested documents and dialoguing with the various Catamarca ministries to advance exploration efforts in an environmentally sensitive and conscientious manner.
"We intend to proceed with filing final amendments to the drill permit application and will continue to advance our other projects in Salta Province (Argentina) and Northern Ontario (Canada)."
PFFOF news
Portofino Receives and Rejects Notice of Termination for Yergo Property Agreement
7:01 am ET September 22, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that it has received a Notice of Termination (the "Notice") from Mr. Fabian Bertetto, the claim owner and Optionor of the Yergo Project in Catamarca, Argentina, regarding the April 2019 Binding Letter Option Agreement and the May 2021 Binding Letter Agreement Addendum (collectively the "Agreements").
The Notice purports to terminate the Agreements. The Company has immediately and forcefully responded to Mr. Fabian Bertetto that claims made in the Notice are completely unsubstantiated, inaccurate, false, and malicious, and the Company rejects the purported termination as baseless and having no merit whatsoever.
Portofino has not breached the Agreements and will defend its legal rights vigorously. As previously disclosed, the Company has spent over 15 months working closely with the Catamarca Ministry of Environment and Mining related to the development of an environmentally and socially responsible exploration plan for inclusion in the drill permit application. Portofino has not breached the Agreements with respect to payments required to keep the Agreements in good standing and has further completed all required work on the property to advance the Yergo property from a completely greenfield project to one that has the potential to deliver significant value to the Province of Catamarca, Mr. Bertetto and Portofino.
Among other things, the Agreements provide that Mr. Bertetto shall not initiate or solicit or entertain any expressions of interest or proposals from any person or take any action to facilitate the purchase or sale or option of all or any interest in the Yergo Project. In the event that such provision has been breached, the Company reserves the right to additionally pursue Mr. Bertetto and the counterparty, or counterparties, causing the contractual breach. Portofino will seek cost recovery and damages from Mr. Bertetto and all parties that induced, or attempted to induce, Mr. Bertetto to breach the Agreements.
Prior to receipt of the Notice, Mr. Bertetto made no complaint against Portofino. Portofino has kept Mr. Bertetto updated on all property related activities. Mr. Bertetto's regular involvement has included submission of all filings with the provincial mining ministry and detailed participation and support in the furtherance of a drilling permit application for the project. Additionally, the Company met with Mr. Bertetto in Catamarca 3 days prior to receipt of the Notice to discuss further revisions to the drilling permit application, and at no time during this meeting did Mr. Bertetto provide any indication verbally or in writing of any concerns related to Portofino or the Agreements.
A property payment due to be paid to Mr. Bertetto by October 13, 2022 (which includes a 60 day curative period from the original payment date of August 14, 2022), will be set in reserve until all legal issues have been settled to Portofino's satisfaction.
In defence of its rights, Portofino has engaged legal counsel in both Buenos Aires and Catamarca, filed an objection to the Notice with the Ministry of Mining in the Province of Catamarca and is currently pursuing formal avenues of dispute resolution in the Province of Catamarca.
Yergo Project Activity to Continue
Irrespective of the Notice, and pursuant to the rights conferred to the Company under the Agreements, Portofino is proceeding with revisions to the drill permit application as requested recently by the Catamarca Ministry of Mining. Assuming these revisions meet the requirements of the Ministry, and a drill permit is issued, the Company will proceed with site preparation and the planned drill program immediately thereafter.
David Tafel, CEO of Portofino, commented:
"This is a very surprising and unfortunate development, and seemingly timed to coincide with the near-term commencement of our next phase of exploration. Based on the facts and discussions with our legal consultants, we believe we have an extremely strong position, and we will aggressively work towards a quick resolution.
"Our team of geologists, biologists, drilling services and site logistics consultants have spent an inordinate amount of time preparing and filing required and requested documents and dialoguing with the various Catamarca ministries to advance exploration efforts in an environmentally sensitive and conscientious manner.
"We intend to proceed with filing final amendments to the drill permit application and will continue to advance our other projects in Salta Province (Argentina) and Northern Ontario (Canada)."
PFFOF news
Portofino Receives and Rejects Notice of Termination for Yergo Property Agreement
7:01 am ET September 22, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that it has received a Notice of Termination (the "Notice") from Mr. Fabian Bertetto, the claim owner and Optionor of the Yergo Project in Catamarca, Argentina, regarding the April 2019 Binding Letter Option Agreement and the May 2021 Binding Letter Agreement Addendum (collectively the "Agreements").
The Notice purports to terminate the Agreements. The Company has immediately and forcefully responded to Mr. Fabian Bertetto that claims made in the Notice are completely unsubstantiated, inaccurate, false, and malicious, and the Company rejects the purported termination as baseless and having no merit whatsoever.
Portofino has not breached the Agreements and will defend its legal rights vigorously. As previously disclosed, the Company has spent over 15 months working closely with the Catamarca Ministry of Environment and Mining related to the development of an environmentally and socially responsible exploration plan for inclusion in the drill permit application. Portofino has not breached the Agreements with respect to payments required to keep the Agreements in good standing and has further completed all required work on the property to advance the Yergo property from a completely greenfield project to one that has the potential to deliver significant value to the Province of Catamarca, Mr. Bertetto and Portofino.
Among other things, the Agreements provide that Mr. Bertetto shall not initiate or solicit or entertain any expressions of interest or proposals from any person or take any action to facilitate the purchase or sale or option of all or any interest in the Yergo Project. In the event that such provision has been breached, the Company reserves the right to additionally pursue Mr. Bertetto and the counterparty, or counterparties, causing the contractual breach. Portofino will seek cost recovery and damages from Mr. Bertetto and all parties that induced, or attempted to induce, Mr. Bertetto to breach the Agreements.
Prior to receipt of the Notice, Mr. Bertetto made no complaint against Portofino. Portofino has kept Mr. Bertetto updated on all property related activities. Mr. Bertetto's regular involvement has included submission of all filings with the provincial mining ministry and detailed participation and support in the furtherance of a drilling permit application for the project. Additionally, the Company met with Mr. Bertetto in Catamarca 3 days prior to receipt of the Notice to discuss further revisions to the drilling permit application, and at no time during this meeting did Mr. Bertetto provide any indication verbally or in writing of any concerns related to Portofino or the Agreements.
A property payment due to be paid to Mr. Bertetto by October 13, 2022 (which includes a 60 day curative period from the original payment date of August 14, 2022), will be set in reserve until all legal issues have been settled to Portofino's satisfaction.
In defence of its rights, Portofino has engaged legal counsel in both Buenos Aires and Catamarca, filed an objection to the Notice with the Ministry of Mining in the Province of Catamarca and is currently pursuing formal avenues of dispute resolution in the Province of Catamarca.
Yergo Project Activity to Continue
Irrespective of the Notice, and pursuant to the rights conferred to the Company under the Agreements, Portofino is proceeding with revisions to the drill permit application as requested recently by the Catamarca Ministry of Mining. Assuming these revisions meet the requirements of the Ministry, and a drill permit is issued, the Company will proceed with site preparation and the planned drill program immediately thereafter.
David Tafel, CEO of Portofino, commented:
"This is a very surprising and unfortunate development, and seemingly timed to coincide with the near-term commencement of our next phase of exploration. Based on the facts and discussions with our legal consultants, we believe we have an extremely strong position, and we will aggressively work towards a quick resolution.
"Our team of geologists, biologists, drilling services and site logistics consultants have spent an inordinate amount of time preparing and filing required and requested documents and dialoguing with the various Catamarca ministries to advance exploration efforts in an environmentally sensitive and conscientious manner.
"We intend to proceed with filing final amendments to the drill permit application and will continue to advance our other projects in Salta Province (Argentina) and Northern Ontario (Canada)."
Why is inflation still so high right now, and when can we expect it to finally stop?
Dina Al-Shibeeb
Sun, September 18, 2022 at 6:00 AM
https://www.yahoo.com/finance/news/why-inflation-still-high-now-130000789.html
The whole thing is so frustrating
That one needs to bake longer. Thought the Argentina projects would be moving ahead quicker.
PFFOF news.......
Portofino Commences Exploration and Sampling on Greenheart/McNamara, Ontario Lithium Projects
9:01 am ET September 12, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") reports that its geological team has been mobilized to the Greenheart Lake ("GL") and McNamara Lake ("ML") lithium properties and has commenced a mapping, sampling, and reconnaissance exploration program.
The GL Property comprises approximately 1,200 hectares and the ML Property approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 kilometres ("km") of the town of Ignace and are accessible by well-established logging roads branching from the Trans Canada highway.
Each property occurs proximal to a triple boundary junction of three Archean-age terranes: the Wabigoon, East Wabigoon and Winnipeg River (Figure 2). Terrane boundaries are recognized as important geological settings for lithium ("Li") and rare metal pegmatites (Breaks et al., 2003).
The GL Property lies 10km southeast of International Lithium's Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium project (Figure 1). Grid Metals recently announced a new Li-bearing pegmatite discovery at Campus Creek where initial grab sample results assayed between 0.22 and 4.35% Li2O (Grid NR - Oct 5, 2021).
The ML Property is contiguous with the southern claim boundary of Grid's Campus Creek property. The Company has the right to earn a 100% interest in each of the GL and ML claim groups. (NR -Dec. 14, 2021).
Portofino's CEO, David Tafel, comments: "As the pace and breadth of lithium exploration by multiple companies in the region has expanded, it's clear that the GL and ML Properties are very well situated in terms of ideal geological setting. The Raleigh Lake pegmatite field and recent discovery by Grid Metals in the area bodes well for our potential exploration success."
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001.jpg
Figure 1. Portofino's Greenheart Lake (GL) and McNamara (ML) properties claim locations
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001full.jpg
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002.jpg
Figure 2. Portofino's lithium properties of northwestern Ontario.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002full.jpg
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO,
Director 604-683-1991
PFFOF news.......
Portofino Commences Exploration and Sampling on Greenheart/McNamara, Ontario Lithium Projects
9:01 am ET September 12, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") reports that its geological team has been mobilized to the Greenheart Lake ("GL") and McNamara Lake ("ML") lithium properties and has commenced a mapping, sampling, and reconnaissance exploration program.
The GL Property comprises approximately 1,200 hectares and the ML Property approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 kilometres ("km") of the town of Ignace and are accessible by well-established logging roads branching from the Trans Canada highway.
Each property occurs proximal to a triple boundary junction of three Archean-age terranes: the Wabigoon, East Wabigoon and Winnipeg River (Figure 2). Terrane boundaries are recognized as important geological settings for lithium ("Li") and rare metal pegmatites (Breaks et al., 2003).
The GL Property lies 10km southeast of International Lithium's Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium project (Figure 1). Grid Metals recently announced a new Li-bearing pegmatite discovery at Campus Creek where initial grab sample results assayed between 0.22 and 4.35% Li2O (Grid NR - Oct 5, 2021).
The ML Property is contiguous with the southern claim boundary of Grid's Campus Creek property. The Company has the right to earn a 100% interest in each of the GL and ML claim groups. (NR -Dec. 14, 2021).
Portofino's CEO, David Tafel, comments: "As the pace and breadth of lithium exploration by multiple companies in the region has expanded, it's clear that the GL and ML Properties are very well situated in terms of ideal geological setting. The Raleigh Lake pegmatite field and recent discovery by Grid Metals in the area bodes well for our potential exploration success."
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001.jpg
Figure 1. Portofino's Greenheart Lake (GL) and McNamara (ML) properties claim locations
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001full.jpg
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002.jpg
Figure 2. Portofino's lithium properties of northwestern Ontario.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002full.jpg
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO,
Director 604-683-1991
PFFOF news.......
Portofino Commences Exploration and Sampling on Greenheart/McNamara, Ontario Lithium Projects
9:01 am ET September 12, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") reports that its geological team has been mobilized to the Greenheart Lake ("GL") and McNamara Lake ("ML") lithium properties and has commenced a mapping, sampling, and reconnaissance exploration program.
The GL Property comprises approximately 1,200 hectares and the ML Property approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 kilometres ("km") of the town of Ignace and are accessible by well-established logging roads branching from the Trans Canada highway.
Each property occurs proximal to a triple boundary junction of three Archean-age terranes: the Wabigoon, East Wabigoon and Winnipeg River (Figure 2). Terrane boundaries are recognized as important geological settings for lithium ("Li") and rare metal pegmatites (Breaks et al., 2003).
The GL Property lies 10km southeast of International Lithium's Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium project (Figure 1). Grid Metals recently announced a new Li-bearing pegmatite discovery at Campus Creek where initial grab sample results assayed between 0.22 and 4.35% Li2O (Grid NR - Oct 5, 2021).
The ML Property is contiguous with the southern claim boundary of Grid's Campus Creek property. The Company has the right to earn a 100% interest in each of the GL and ML claim groups. (NR -Dec. 14, 2021).
Portofino's CEO, David Tafel, comments: "As the pace and breadth of lithium exploration by multiple companies in the region has expanded, it's clear that the GL and ML Properties are very well situated in terms of ideal geological setting. The Raleigh Lake pegmatite field and recent discovery by Grid Metals in the area bodes well for our potential exploration success."
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001.jpg
Figure 1. Portofino's Greenheart Lake (GL) and McNamara (ML) properties claim locations
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_001full.jpg
Cannot view this image? Visit: https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002.jpg
Figure 2. Portofino's lithium properties of northwestern Ontario.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/3751/136651_1affe2a8b4968b15_002full.jpg
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100% of the Yergo Lithium property in Catamarca. The properties are situated in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO,
Director 604-683-1991