{kanada_flagge}Portofino Resources (TSXV: POR; FRA: POTA) has mobilized its geological team to explore two lithium licenses, Greenheart Lake and McNamara Lake, in northwestern Ontario. The plan is to map the properties combined with sampling. The Greenhaert Lake property is approximately 1,200 hectares and the McNamara Lake property is approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 kilometers of the town of Ignace and are accessible by well maintained forest roads that branch off the Trans Canada Highway. Recently, several lithium explorers have been successful in the neighborhood.
Summary: Portofino Resources is taking a two-pronged approach to its lithium exploration. On the one hand, the company is pursuing prospective lithium brine projects in the South American Lithium Triangle in the Argentine provinces of Salta and Catamarca. Both projects are in close proximity to world-class deposits. However, Argentina’s environmental authorities have repeatedly proven to be extremely slow to act. Therefore, it makes sense that Portofino is still pursuing Canadian projects as well. Three projects alone, Allison Lake North, Greenheart Lake and McNamara Lake, are hard rock projects. Recent exploration successes by neighbor Grid Metals have shown that the area is promising. However, exploration is in its infancy, there.
{kanada_flagge}Portofino Resources (TSXV: POR; FRA: POTA) has mobilized its geological team to explore two lithium licenses, Greenheart Lake and McNamara Lake, in northwestern Ontario. The plan is to map the properties combined with sampling. The Greenhaert Lake property is approximately 1,200 hectares and the McNamara Lake property is approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 kilometers of the town of Ignace and are accessible by well maintained forest roads that branch off the Trans Canada Highway. Recently, several lithium explorers have been successful in the neighborhood.
The licenses are geologically located at the intersection of three rock formations of geological age: Wabigoon, East Wabigoon and Winnipeg River. These interfaces are known to be important geological settings for lithium and rare metal pegmatites.
The GL property is located 10 km southeast of International Lithium’s Raleigh Lake lithium project and 15 km 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 returned between 0.22 and 4.35% Li2O.
The ML property is adjacent to the southern claim boundary of Grid’s Campus Creek property. The Company has the right to earn a 100% interest in each of the Greenheart Lake and McNamara Lake claim groups.
David Tafel, CEO of Portofino, commented, “Other lithium companies have had success in the region surrounding the Greenheart Lake and McNamara Lake properties. The Raleigh Lake pegmatite field and Grid Metals’ recent discovery in the area bodes well for our potential exploration success.”
Figure 1: Portofino’s lithium properties in northwestern Ontario.
Summary: Portofino Resources is taking a two-pronged approach to its lithium exploration. On the one hand, the company is pursuing prospective lithium brine projects in the South American Lithium Triangle in the Argentine provinces of Salta and Catamarca. Both projects are in close proximity to world-class deposits. However, Argentina’s environmental authorities have repeatedly proven to be extremely slow to act. Therefore, it makes sense that Portofino is still pursuing Canadian projects as well. Three projects alone, Allison Lake North, Greenheart Lake and McNamara Lake, are hard rock projects. Recent exploration successes by neighbor Grid Metals have shown that the area is promising. However, exploration is in its infancy, there.
Risk notice: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Portofino Resources and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Under certain circumstances this can influence the respective share price of the company. GOLDINVEST Consulting GmbH currently has a contractual relationship with the company, which is reported on the website of GOLDINVEST Consulting GmbH as well as in the social media, on partner sites or in email messages, which also represents a conflict of interest. The above references to existing conflicts of interest apply to all types and forms of publication used by GOLDINVEST Consulting GmbH for publications on Portofino Resources. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. No guarantee can be given for the correctness of the prices mentioned in the publication.
