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Gold Discovery: 18 g/t Gold on Portofino's South of Otter Property, Red Lake Gold District, Ontario
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to a
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce it has identified a new gold showing on its South of Otter Project near Red Lake, Ontario. Recent prospecting and geological mapping on the project by Portofino's field crew identified significant sulphide mineralization and quartz-sericite alteration between a geological contact and fault zone through the central portion of the project (NR June 23rd,2020). The company has received the assay results from 12 grab samples along this trend which identified two gold bearing quartz veins sampling 18.0 grams per tonne (\"g/t\") and 8.19 g/t gold. The samples were taken in close proximity to strong sulphide mineralization noted by the field crew in June (pyrite, chalcopyrite, and arsenopyrite). Due to a limited number of rock exposures at surface for mapping and sampling, the company plans to implement an overburden trenching program to expand the surface trace of the new zone and determine potential strike length and mineralized widths. Portofino's CEO, David Tafel comments; \"This discovery is extremely exciting news for Portofino. The new gold showings are approximately 400 metres south of Goldcorp Inc.'s 2001 gold in soil anomalies. Due to the overburden and lack of outcrop, limited work has been completed in this area in the past and we anticipate mobilizing our crew to site very shortly to follow-up on this discovery.\" Figure 1 Additional Claims Staked Portofino also announces that it has acquired by staking, 2 additional, (contiguous) mining claims that increase the size of the South of Otter Property from 5,207 hectares (\"ha\") to 5,363 ha. About the South of Otter Property The property is contained within the Birch-Uchi-Confederation Lakes greenstone belt which hosts the world-renowned Red Lake gold deposits and includes the Dixie project currently being drilled by Great Bear Resources Ltd. (\"GBR\"). GBR has recently reported exciting drill results with mineralized intersections commonly returning bonanza gold grades in association with coarse visible gold grains. Portofino's property is located approximately 8 kilometres east of GBR's claims. The property contains excellent targets for both Red Lake-style gold mineralization as well as gold bearin...