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I continue to be mostly cash and limited positions. I think we see capitulation before the end of year
Sure hope it isn't as bad as he paints it
Hopefully they get the Lawyer questions done this week
nice
Looks weak here.
In @ .0128
Joined you on this. Like the potential
Should close deal by end of week
Portofino Executes Collaboration Agreement
Arizaro Lithium Project - Salta, Argentina
Vancouver, B.C., July 05, 2022. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce the execution of a definitive collaboration agreement with Recursos Energeticos y Mineros De Salta S.A. (“REMSA”), the state-owned mining company of the Province of Salta, Argentina.
The agreement provides Portofino with the opportunity to earn a majority interest in an 8,445-hectare concession within the Arizaro lithium salar which is located in the heart of the world-renown Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects.
The Company’s Argentine geological team has completed initial reconnaissance mapping and sampling. A targeted systematic, trenching, sampling and shallow augur drilling program is anticipated to commence shortly.
Pursuant to previous disclosure, a number of other mineral properties, targeted for lithium brine potential, have been identified by Portofino and REMSA and the Company will continue to negotiate with REMSA to execute additional collaboration agreements in the near term. The prospection and initial exploration campaigns will be performed by REMSA with technical input provided by Portofino.
David Tafel, CEO of Portofino, commented: “This unique agreement provides Portofino with a significant opportunity to be positioned in the largest lithium brine salar in Salta, located within one of the best lithium exploration and development jurisdictions in the world. We are very pleased to be able to execute this initial collaboration agreement and anticipate working closely with REMSA to finalize additional agreements regarding specifically identified lithium-bearing salar properties.”
Mr. Alberto Castillo, CEO of REMSA commented: “Portofino’s team has demonstrated a high level of professional and technical ability and REMSA looks forward to advancing this relationship. Salta province has established consistent, transparent, and responsible mineral policies which are leading to substantial, sustained foreign investment that is providing immense local economic benefits while simultaneously prioritizing protection of our environment.”
Subject to results of surface sampling and geophysical exploration activity, Portofino, together with its Argentine partner RONIALEM S.R.L., may propose an initiative to form a joint venture with REMSA. The proposal would be subject to certain payment terms and conditions.
The Arizaro Lithium Salar
The Arizaro salar is located in western Salta Province at a surface elevation of 3,460 meters (“m”). The salar covers an area of approximately 1,600 square kilometers reportedly making it one of the largest salt flats in the world and second largest in Argentina. The trans-Andean Salta–Antofagasta railway and the well-serviced road, Provincial Route 27 crosses through the middle of the salar.
The salar occupies an irregular northeast-southwest basin that measures approximately 80 kilometers (“km”) long and up to 30 km wide. The basin is thought to be fault-bounded and filled mainly with semi-consolidated sands and cobbles.
Brines occur within the basin and are reported to be zoned with lithium and potassium-rich brines historically sampled to depths below surface and reaching several hundred meters. Several international companies are conducting sampling and drilling projects on the Arizaro salar with drill holes being planned to depths of up to 500 m.
About REMSA
REMSA is a corporation formed in 1985, that oversees the administration of the energy and mineral resources of the Province of Salta. It contributes to the productive and social development of the province by managing and promoting the exploration and development of projects within the mining and energy sectors.
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 has not completed sufficient work to verify the historic information on the properties in the province of Salta, Argentina, particularly regarding historical exploration, neighbouring companies, and government geological work.
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 controls 100% of the Yergo Lithium property which encompasses the Aparejos Salar 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.
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.
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Portofino Resources Inc.
Suite 520 - 470 Granville St
Vancouver, BC
Canada, V6C 1V5
T: +1 604.683.1991
F: +1 604.683.8544
Nice. Expanding the footprint
Stagflation will be the Fed’s biggest worry
https://www.yahoo.com/finance/m/8f49dec7-8c3c-3c6d-9107-5712587d5499/stagflation-will-be-the-fed%E2%80%99s.html
Peter Morici
Wed, June 22, 2022 at 3:00 AM
The Federal Reserve’s biggest long-term concern should be stagflation—a combination of persistent and unacceptably-high inflation coupled with nonplus growth. As this column has argued, short of a punishing recession Americans will be lucky to see inflation at 4%, never mind the Federal Reserve’s official target of 2%. The war in Ukraine and sanctions on Russia’s aggression have disrupted supply chains.
Appears I added a couple
Classic double bind. At this point there is no good choices
Bought QNGY for the bounce
not showing up yet on Ihub.....
https://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=gxxy
36,441,489 shares are now available for trading is what it says
Portofino Summarizes Argentina Lithium Projects - Progress and Actions
11:59 am ET June 9, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to report on its Argentina lithium projects' status and provide the following progress and actions updates:
Yergo Lithium Project, Catamarca
The Company reports that following initial filing of an Environmental Impact Assessment associated with a drilling permit application (regarding the implementation of an inaugural 4-hole drill program), extensive consultation and dialogue with the Catamarcan provincial Ministries of Environment and Mining have ensued.
Portofino has demonstrated a strong commitment to an environmentally and socially responsible exploration and potential development project. Subject to successful drilling and further exploration the Company is of the opinion that, when advanced responsibly, the Yergo project could encompass additional attributes that contribute positive economic and social benefits to all stakeholders while protecting the salar's sensitive ecosystem.
Portofino's actions to date include:
Proposing to set aside a portion of its mining concessions as a protected nature reserve.
Undertaking due diligence and dialogue with multiple Direct Lithium Extraction ("DLE") technology companies. DLE operations have proven effective in extracting lithium from salt brines, having the following benefits:
eliminating the requirement for evaporation ponds and their massive environmental and visual footprint;
returning the brine solution to underground aquifers maintaining aquifer levels for local communities and protecting vital wetland ecosystems; and
Dramatically improving the project's environmental and social impact, while demonstrating innovation leadership, and implementation of emerging best practices for Argentina and the Province of Catamarca.
Initiating a geothermal study assessing the potential of Yergo's renewable geothermal capacity that could potentially meet 100% of future DLE power requirements, additionally providing the potential for a sustainable and stable base-load energy solution to local communities displacing traditional fossil fuels with a carbon neutral future.
Based on positive feedback received in recent meetings held in Catamarca with government officials, management is confident a drill permit will be granted shortly.
About the Yergo lithium Project
The 2,932 hectares, Yergo Project is located in the southern part of Argentina's world-renowned "Lithium Triangle" approximately 15 kilometers southeast of Neo Lithium Corp's 3Q Project. (In January 2022, Neo Lithium was acquired by Zijin Mining Group for $960 million.)
A 2021 geophysical survey and surface geochemical sampling program identified two large, anomalous sub-basins within the Aparejos Salar (see news release dated April 6, 2021). The survey and sampling results confirmed the presence of lithium-rich brines and the potential volume of the brines within the sub-basins. The initial drill program will focus on the eastern sub-basin which has an irregular surface expression measuring between 1.8km to 2.5km in length by approximately 700 meters ("m") in width with modeled depths up to 65m. Portofino reported surface samples with values of up to 373 mg/l Lithium that were accompanied by low impurities (news releases dated May 27, 2019, and April 6, 2021).
Salta lithium projects
Pursuant to previous disclosure, the Company's management and Recursos Energeticos y Mineros De Salta S.A. ("REMSA"), the state-owned mining company of the Province of Salta, are working toward completing definitive collaboration agreements regarding multiple lithium brine mineral properties in the Province of Salta. The agreements would provide Portofino and local partners with the opportunity to earn a majority interest in the properties.
It is expected that the initial agreement will be concerning the Arizaro salar property which is located approximately 170 kilometers west of the city of Salta. The Arizaro property comprises approximately 8400 hectares and is in close proximity to multiple world-class lithium projects including near term production projects operated by Ganfeng Lithium, Rio Tinto and French mining conglomerate, Eramet. In addition, explorer Lithium Chile Inc. has recently reported a high-grade resource on its adjacent Arizaro project.
The initial exploration campaigns will be performed by REMSA in collaboration with the Company and financed by Portofino. Portofino's geological team has completed initial reconnaissance mapping and surface sampling as part of its ongoing due diligence.
About REMSA
REMSA is a corporation formed in 1985, that oversees the administration of the energy and mineral resources of the Province of Salta. It contributes to the productive and social development of the province by managing and promoting the exploration and development of projects within the mining and energy sectors.
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 has not completed sufficient work to verify the historic information on the properties in the province of Salta, Argentina, particularly regarding historical exploration, neighbouring companies, and government geological work.
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 controls 100% of the Yergo Lithium property which encompasses the Aparejos Salar 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
Added some traders on this.........
ECSL. Update. https://www.cyberfuelsinc.com/shareholders-updates/
I believe thats called a "no brainer"
Added a couple traders on that
We have a Picasso this morning
Nice day
Didn't miss it this time
California water crisis?
more like an allocation mismanagement agenda.
To be precise, agriculture in California uses about 80 percent of the state's developed water supply but only 40 percent of the state's total water. How does that work?
If you're looking at total freshwater use in California, roughly 50 percent is actually set aside for environmental purposes — i.e., it's allowed to stay in streams or wetlands to maintain ecosystems. Another 40 percent or so goes to agriculture, and the remaining 10 percent goes to cities and towns. (These precise numbers fluctuate between wet years and dry years.)
So, of the water that's stored behind dams and in reservoirs and is intended for economic purposes — what's known as the "developed water supply" — about 80 percent goes to farms and 20 percent goes to cities and towns. But that's why you often hear different numbers bandied about.
http://www.vox.com/2015/4/1/8326555/california-water-restrictions
A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
Harry Robertson
Fri, May 27, 2022, 8:25 AM
Gas prices, oil prices, gas station
Oil prices have shot up this year already, causing pain at the pumps.Rogelio V. Solis/AP
https://www.yahoo.com/finance/news/deeper-drop-russian-oil-supply-152544266.html
A further decline in Russian oil supply is likely to spark a global recession, Bank of America said Friday.
The bank warned oil prices could hit $150 a barrel, and an energy crisis could ensue, if supplies fall sharply.
Russia's oil production has fallen by around 1 million barrels per day in 2022, as sanctions have hit the country.
Any further drop in Russian oil supply is likely to lead to a global recession and could even trigger a full-blown energy crisis that pushes prices past $150 a barrel, strategists at Bank of America have warned in a note.
Russian oil production has fallen by roughly 1 million barrels per day (bpd) in 2022, according to a BofA team led by Francisco Blanch. The fall has come as countries and traders cut their purchases of the country's energy following its invasion of Ukraine.
They said Friday they expect supply from Russia to fall from 11.4 million barrels a day in the first quarter of 2022, to an average of 10 million barrels a day in 2023.
"That's probably just about as much as the world can handle without triggering a major negative economic outcome," Blanch and his colleagues wrote.
The bank's strategists warned that a deeper fall could wreak havoc on energy markets.
"We believe that a sharp contraction in Russian oil exports could trigger a full-blown 1980s style oil crisis and push Brent well past $150 a barrel," they said. That's well above the roughly $110 current level that has driven a spike in fuel prices.
The 1970s and 1980s were decades in which energy markets were chaotic and global growth suffered.
Bank of America said global economic growth and energy demand are tightly correlated, with demand increasing in line with rises in gross domestic product.
Yet the bank noted that energy stocks are currently very low, with the crude oil stocks-to-use ratio at around its lowest ever level. Therefore if global growth is to continue, supplies need to rise.
The problem is, output is unlikely to tick up sharply, due to Russia's supply problems and other issues, including weak investment in oil. The situation could also worsen if the European Union agrees upon a total ban of Russian oil.
"The next negative energy supply shock will have to be accommodated by a mirroring energy demand growth (or GDP growth, if you like) contraction or by supply growth elsewhere," the strategists said.
At $102 a barrel so far this year, Brent crude oil prices are currently close to their highest average levels ever, of $112 a barrel in 2012, BofA said.
Brent crude was little changed Friday at $114 a barrel, up around 47% since the start of January.
Read more: 'The pain isn't over yet'. The investing chief of a $1 billion digital asset manager expects stocks to fall another 30% - and says the sell-off could cause bitcoin to plummet below $22,000
Read the original article on Business Insider
dumpling sauce
Didn't get your yah, yahs out in Vegas I see
Gas is now $5.80-$6.15 gal in San Diego.
Gas is now $5.80-$6.15 gal in San Diego.
nice flip Profit
saw that.
Biden’s Energy Secretary After She Tries To Blame Putin For High Gas Prices
Peter lynch took a position it seems
WUHN. Picked some up on that dip
Got me some of the blue light special
WUHN. Bought some. over done
OT. Netflix cracks down on woke workers...............
https://www.dailymail.co.uk/news/article-10813409/Netflix-tells-staff-LEAVE-theyre-offended-content.html
Yep. its all garbage run by pirates