Vancouver, British Columbia, 10 Momme 2022. Portofino Resources Corporation (TSX-V: POR) (OTCQB: PFFOF) (FWB: puta) (“Portofino “o “The Company”) declares that the Company is the Company Prospecter Geospatial to complete a high-resolution geophysical survey by helicopter over the Alison Lake North property (the “Property”) magnetic survey to lead. The workers were mobilized and Measurement in progress. The program includes airborne geophysical measurements at a distance of 406 kilometers profiled at GPS-controlled line distances of 50 meters each.whereby High-quality identification of geological units and their structures can be achieved Goal. The aim of the survey is to identify allison’s structural weaknessesBatolith To identify potential rock pegmatites. Magnetic features generated by the measurements are presented along with the latest maps and sampling software From Portofino in the next phase of land exploration and mapping Be useful from the most promising goals.
David Tafel, CEO of Portofino Says: “The Allison Lake area is now attracting exploration groups and significant investments, and we are fortunate to have land holdings in the middle of a fully stacked multi-company mineral battery exploration area. We expect flight screening results to play an important role in Arevenge second stage sgame which will follow from slitting and sampling operations in 2021. These samples returned values as high as 412 ppm for lithium and 1,040 ppm for rubidium. “
Mr. Tafel continues:The second half of 2022 will be very exciting for Portofinoright and activeY period to explore lithium in northern Ontario and northern Argentina. In our project 100% begging Excavation is expected to begin in Catamarca and in the neighboring province of Salta upon completion of the final agreement with Resources energy s MINEROS De Salta SA (REMSA), the province’s state mining companyAnd Field work began. This agreement allows the company to acquire a controlling stake in several lithium brine projects in the heart of the world-famous lithium triangle.”
Purchasing additional claims
The company also announced that it has expanded its holdings in Allison Lake North through the acquisition of 3 additional claims (33 lots) (Location Alison Lake North). The new claims are adjacent to the property to the west and below is the sedimentary Jubilee Lake group known to host the rare element pegmatite.
subordinate Batolith Lake Allison has been reported to represent an important new target for the exploration of lithium and trace element mineralization It is the largest certified granite of this type in Ontario (Open File Report of the Ontario Geological Survey 6099, “OGS . Report‘). Batholith follow onR And great potential to discover Pegmaty Mineralization of lithium, beryl, tantalum and other rare elements. It has been determined that the objectives of Allison Lake are both essential Batolith as well as in the form ofOn pegmatites embedded in metasedimentary rocks in exocontact-Zone speaking.
In exchange for claims, Portofino agreedAnd Pay $2,000, issue 200,000 shares and pay the plaintiff a fee of 1.5% NSR (“Equity”). Portofino can buy back half of the equity (0.75%) at any time for $400,000.
About the concession area Alison Lake North
The Lake Allison estate now consists of 7 claims (113 plots) covering 2,286 hectares (ha) and located 100 kilometers (km) east of the city. editor Lake in Northwest Ontario. Numerous lithium deposits have been identified in northwestern Ontario that contain large reserves of lithium oxide (Li2Q) comprehend. The property is accessed by well-maintained logging roads and a hydroelectric power line running through Claim group. The property has important properties, Responsible for the appearance of lithium containing pegmatite veins decisive. Located along the contact between the pegmatite graniteBatolith Allison Lake and Jubilee Lake scattered rocks uchiA sub-province in Northwestern Ontario. This important contact area is now being explored by many companies.
The technical content for this release has been edited by Mike KilburnAnd P. Geo. , checked and approved, according to National Instrument 43-101, Standards from disclosure to Mineral Enterprises is a Qualified Person (QP).
above Portofino Resources Inc.
Portofino is a Vancouver, Canada based company focused on the exploration and development of mineral resource projects in the Americas. Portofino has the opportunity to gain a controlling stake in several lithium projects in Salta, Argentina and holds 100% equity and ownership interest in lithium. beggingfor Apargos– Salar in Catamarca includes. The properties are located in the heart of the world-famous Argentine lithium triangle and in close proximity to several world-class lithium projects. The company also has the right to earn 100% interest in three lithium projects located in northwestern Ontario: Allison Lake North, green heart Lake and Lake McNamara.
South Portofino projects from Otter and Lake Bruce are located in the historical gold mining area editor Lake, Ontario, Canada, in close proximity to the Dixie Gold project owned by Great Bear Resources Ltd. It was discovered and is now owned by Kinross Gold Corp. Located. Additionally, Portofino has three other gold projects in Northwest Ontario; The Gold Creek estate, located just south of the historic mine Shepanduan Located as well as concession areas Sabawi we stand millima West in the rapidly developing gold mining area Atticukan.
For the board:
David J. Tafel
chief executive officer
For more information please contact:
Suite 520 – 470 Granville Street
Vancouver, BC, Canada V6C 1V5
Neither TSX Venture Exchange nor its regulators (referred to in the TSX Venture Exchange policies as “Regulation Service Providers”) are responsible for the adequacy or accuracy of this release.
This press release may contain forward-looking statements regarding the future operations of Portofino Resources Inc. (“The Company”). All forward-looking statements relating to the Company’s future planning and operations – such as how management will assess the Company’s expectations or opinions with respect to the Project – may be subject to certain assumptions, risks and uncertainties outside the Company’s control. Investors caution that any such statements are not guarantees of future performance, and financial and exploratory results may differ materially from any estimates or projections.
The source language (usually English) in which the original text is published is the official, authorized, and legal version. This translation is included for better understanding. The German language version can be shortened or shortened. No responsibility or liability is accepted for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please refer to the original English message www.sedar.comAnd www.sec.govAnd www.asx.com.au/ Or on the company’s website!
“Total coffee aficionado. Travel buff. Music ninja. Bacon nerd. Beeraholic.”