Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BOOM! made my day
It was a nice update That will come to fruition in the next year.
Portofino Announces Lithium Properties Updates and Acquisition
10:52 am ET December 14, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is providing an update to investors on its current and ongoing exploration and corporate activities:
Yergo Lithium Project
The Company submitted a drilling permit application to the Provincial Mining Ministry of Catamarca, Argentina and the approval process has taken much longer than anticipated. The Company's Argentine representatives have however, maintained regular contact with the Ministry and they have recently been advised that a permit will be approved in very short order. The permit will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project in Argentina. A drilling contractor has been engaged and is prepared to mobilize immediately upon receipt of the permit.
The 2,932 hectares, Yergo Project encompasses the entire Aparejos Salar, and is located in the southern part of Argentina's world-renowned "Lithium Triangle". Yergo is situated 15 kilometers ("km") southeast of Neo Lithium Corp's 3Q Project. (In October 2021, Neo Lithium announced it had received a takeover offer for $960 million.)
A 2021 geophysical survey and surface geochemical sampling program identified two large, anomalous sub-basins within the Aparejos Salar (NR-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 of between 44m and 65m. Portofino previously reported values of up to 373 mg/l Lithium that included low impurities.
Allison Lake North channel sampling
At the end of September our geological team completed a follow-up, systematic channel sampling program on the Allison Lake North Lithium and Rare Elements Property located 100km east of the town of Red Lake in northwestern Ontario (Figure 1). The team expanded Portofino's initial exploration program where encouraging Lithium ("Li") and Tantalum ("Ta") values were discovered (NR-September 7, 2021).
Through the expanded program, 35 channel and 11 grab samples were submitted for chemical and mineral analysis. The analytical labs are very backlogged, and Portofino is presently waiting on sample assay results which will be reported as soon as received.
Greenheart Lake, McNamara Lake Lithium Properties
The Company is pleased to announce it has executed an agreement to acquire the Greenheart Lake Lithium Property ("GL") and the McNamara Lake Lithium Property ("ML"). The GL Property comprises 3 claims (60 cells) totaling approximately 1,200 hectares. The ML Property comprises 3 claims (56 cells) totaling approximately 1,120 hectares. Both properties are strategically located in the Balmoral and MacNamara Lake areas of northwestern Ontario within 15km of the town of Ignace and are accessible by well-established logging roads just off the Trans Canada highway.
Each property occurs proximal to a triple junction of three terrane boundaries: the Wabigoon, East Wabigoon and Winnipeg River (Figure 1). Terrane boundaries are important geological settings for lithium and rare metal pegmatites. The GL Property lies 10km southeast of International Lithium's Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium and rare metal recent discovery where initial grab samples returned up to 4.35% Li2O (https://www.gridmetalscorp.com/news/grid-metals-options-newly-discovered-lithium-pegmatite-property-in-nw-ontario/). The ML Property lies just 5km south of Grid Metals Campus Creek property.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3751/107597_031793e074937b8f_001.jpg
Figure 1. Portofino's lithium properties of northwestern Ontario.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3751/107597_031793e074937b8f_001full.jpg
The Company has the right to acquire a 100% interest by making staged payments to the Optionors over the next three years totalling $67,800 in cash and issuing 500,000 Portofino common shares. The Optionors will retain a 1.5% net smelter returns royalty. The agreement is subject to the approval of the TSX Venture exchange.
Great Bear Resources receives $1.8 Billion takeover offer
On Dec 08, 2021, Kinross Gold Corp. announced a takeover bid for Great Bear Resources Ltd. for $1.8 billion. Portofino's South of Otter ("SOO Property") boundary is located approximately 8 km east of the Great Bear Resources (Dixie project) claims. The 5,363 hectares SOO Property contains excellent targets for Red Lake-style gold mineralization as well as gold-bearing base metal prospects. Over the last 2 years, Portofino has completed several exploration programs on the SOO Property that have included mapping, sampling, an airborne magnetic (MAG) survey and two successful, targeted Soil Gas Hydrocarbon ("SGH") soil surveys. The strategically well-located SOO Property is drill ready and permitted.
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. It's battery minerals projects include the Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina and the Allison Lake North (Red Lake, Ontario) Lithium project.
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 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.
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.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107597
Portofino Announces Lithium Properties Updates and Acquisition
10:52 am ET December 14, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is providing an update to investors on its current and ongoing exploration and corporate activities:
Yergo Lithium Project
The Company submitted a drilling permit application to the Provincial Mining Ministry of Catamarca, Argentina and the approval process has taken much longer than anticipated. The Company's Argentine representatives have however, maintained regular contact with the Ministry and they have recently been advised that a permit will be approved in very short order. The permit will allow the implementation of an inaugural 4-hole drill program within the 100% controlled Yergo Lithium Project in Argentina. A drilling contractor has been engaged and is prepared to mobilize immediately upon receipt of the permit.
The 2,932 hectares, Yergo Project encompasses the entire Aparejos Salar, and is located in the southern part of Argentina's world-renowned "Lithium Triangle". Yergo is situated 15 kilometers ("km") southeast of Neo Lithium Corp's 3Q Project. (In October 2021, Neo Lithium announced it had received a takeover offer for $960 million.)
A 2021 geophysical survey and surface geochemical sampling program identified two large, anomalous sub-basins within the Aparejos Salar (NR-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 of between 44m and 65m. Portofino previously reported values of up to 373 mg/l Lithium that included low impurities.
Allison Lake North channel sampling
At the end of September our geological team completed a follow-up, systematic channel sampling program on the Allison Lake North Lithium and Rare Elements Property located 100km east of the town of Red Lake in northwestern Ontario (Figure 1). The team expanded Portofino's initial exploration program where encouraging Lithium ("Li") and Tantalum ("Ta") values were discovered (NR-September 7, 2021).
Through the expanded program, 35 channel and 11 grab samples were submitted for chemical and mineral analysis. The analytical labs are very backlogged, and Portofino is presently waiting on sample assay results which will be reported as soon as received.
Greenheart Lake, McNamara Lake Lithium Properties
The Company is pleased to announce it has executed an agreement to acquire the Greenheart Lake Lithium Property ("GL") and the McNamara Lake Lithium Property ("ML"). The GL Property comprises 3 claims (60 cells) totaling approximately 1,200 hectares. The ML Property comprises 3 claims (56 cells) totaling approximately 1,120 hectares. Both properties are strategically located in the Balmoral and MacNamara Lake areas of northwestern Ontario within 15km of the town of Ignace and are accessible by well-established logging roads just off the Trans Canada highway.
Each property occurs proximal to a triple junction of three terrane boundaries: the Wabigoon, East Wabigoon and Winnipeg River (Figure 1). Terrane boundaries are important geological settings for lithium and rare metal pegmatites. The GL Property lies 10km southeast of International Lithium's Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium and rare metal recent discovery where initial grab samples returned up to 4.35% Li2O (https://www.gridmetalscorp.com/news/grid-metals-options-newly-discovered-lithium-pegmatite-property-in-nw-ontario/). The ML Property lies just 5km south of Grid Metals Campus Creek property.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3751/107597_031793e074937b8f_001.jpg
Figure 1. Portofino's lithium properties of northwestern Ontario.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3751/107597_031793e074937b8f_001full.jpg
The Company has the right to acquire a 100% interest by making staged payments to the Optionors over the next three years totalling $67,800 in cash and issuing 500,000 Portofino common shares. The Optionors will retain a 1.5% net smelter returns royalty. The agreement is subject to the approval of the TSX Venture exchange.
Great Bear Resources receives $1.8 Billion takeover offer
On Dec 08, 2021, Kinross Gold Corp. announced a takeover bid for Great Bear Resources Ltd. for $1.8 billion. Portofino's South of Otter ("SOO Property") boundary is located approximately 8 km east of the Great Bear Resources (Dixie project) claims. The 5,363 hectares SOO Property contains excellent targets for Red Lake-style gold mineralization as well as gold-bearing base metal prospects. Over the last 2 years, Portofino has completed several exploration programs on the SOO Property that have included mapping, sampling, an airborne magnetic (MAG) survey and two successful, targeted Soil Gas Hydrocarbon ("SGH") soil surveys. The strategically well-located SOO Property is drill ready and permitted.
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. It's battery minerals projects include the Yergo Lithium property which encompasses the entire Aparejos Salar, located within the world-renowned "Lithium Triangle" in Argentina and the Allison Lake North (Red Lake, Ontario) Lithium project.
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 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.
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.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107597
RIP Vicente Fernández
RIP Vicente Fernández
Ain't it grand
Turning out to be decent week
Any upward pressure it appears
Boom
UAMM looking good again
That's the point though. They are more valuable at this point to offset gains....but...... Almost certain they will all go to the moon today.
And not to mention next year is questionable at best
Finished selling my losers this week. Not selling more of my winners till after the first of the year. Owing taxes are a good thing.
Actually I was just rounding out my position
Sounds like me in the late 90's. . ROFL. You guys be dating yourselves.
My bright spot
Thank you georgie
Sure hope so. Its been ugly
ouch
bought a starter.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166921261
Monty Python's 42 yrs old Prediction of Nowadays Insane Public Discourse
Happy Thanksgiving all
Happy Thanksgiving all
Radar this. Picked up a few
The development of the exchange is going well. We're working on creating a coin for it this week. The name of the exchange and coin will be revealed early next week along with additional information. $UAMM
— UA Multimedia (@UAMultimedia) November 23, 2021
Thanks.
ECSL. Added this
ECSL. Added this
ECSL. Added this
Actually I was just bored.
Added a few
Joined you for a starter
Freakin monster. congrats
California lawmakers call for a state of emergency at ports, warning of a 'massive crisis with no signs of slowing'
https://www.yahoo.com/news/california-lawmakers-call-state-emergency-172044222.html
Grace Kay
Thu, November 18, 2021, 9:20 AM
Gavin Newsom at Southern California ports
Governor Gavin Newsom at the Port of Long BeachAssociated Press
Eight US representatives urged Governor Gavin Newsom to declare a State of Emergency for the ports.
The lawmakers called for Newsom to suspend several regulations for ports, warehouses, and truckers.
On Tuesday, the ports in Los Angeles and Long Beach broke another record for backlogged ships.
California lawmakers are calling for Governor Gavin Newsom to declare a state of emergency for backlogged ports in Los Angeles and Long Beach.
Eight US representatives, all Republican, signed a letter calling for Newsom to suspend or eliminate regulations for ports, warehouses, and trucking companies in order to combat the supply-chain crisis. The congress members warned the traffic jam that has spawned widespread shortages and price hikes show "no signs of slowing."
"Unfortunately, California's own burdensome laws and regulations that restrict goods from moving to consumers, have contributed to this crisis," the letter said.
US Rep. Michelle Steel, R-California, submitted the letter into the record of a hearing on the supply chain crisis that was hosted by the House Transportation and Infrastructure Committee on Wednesday.
- ADVERTISEMENT -
The lawmakers' warning comes a day after the largest ports in the US hit another record, as 179 ships were recorded at the Southern California ports. Nearly 120 ships are waiting off the coast to dock and unload. Before the pandemic, the ports never saw a backlog greater than 17 ships.
Newsom toured the ports on Wednesday. The governor's office did not immediately respond to a request for comment from Insider, but Newsom said during a press conference at the Port of Long Beach Tuesday that the state has begun allowing temporary weight exemptions for trucks on state highways in order to help companies move goods more efficiently.
One of the regulations that the lawmakers seek to suspend or eliminate includes California Assembly Bill 5 (AB5), a state law that restricts carriers from using independent contractors and is currently under review by the US Supreme Court. The lawmakers claim the law has forced truckers to leave the state.
The group also wants Newsom to waive several state rules designed to cut back on emissions, which the letter says places extra costs on warehouses and restricts the number of truck trips between the ports and warehouses.
"Americans rely on the efficient movement of goods through California's ports to feed and clothe their families," the letter said. "And American producers rely on that same goods movement to ship their products to consumers around the world. It is critical that supply chain restrictions created by the State of California be removed to resolve this crisis."
Read the original article on Business Insider
APLD Pink current
https://www.otcmarkets.com/stock/APLD/overview
APLD Pink current
https://www.otcmarkets.com/stock/APLD/overview