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Portofino Resources Commences Exploration on Bruce Lake Gold Property, Red Lake Gold District, Ontario
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to an
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce it has commenced field work on its Bruce Lake Gold Property. The exploration program will consist of prospecting, rock, soil and glacial till sampling, and geological mapping. The program will focus on two main areas. The western portion of the project with historical soil anomalies, will undergo an extensive mapping campaign to identify potential bedrock sources for the gold in soils anomalies. The eastern portion of the property covers a 2.4-kilometre (\"km\") northeast trending iron formation which will be examined through prospecting, mapping, and soil analysis where overburden is present. The Company plans to collect approximately 200 soil samples for conventional analysis over a 50-metre sample spacing. After thorough prospecting and mapping surveys, the Company will also be collecting up to 50 glacial till samples over a 300-metre sample interval for gold grain analysis. This type of sampling method has recently been used in the Red Lake area and has proven successful in the identification of near-by gold mineralization, such as Golden Goliath Resources Ltd.'s recent news of pristine gold grains found on its Kwai Property. Figure 1. Bruce Lake Property, Portofino Resources. The Bruce Lake Property historical gold-in-soil anomalies were discovered as part of a geochemical soil sampling program completed by Laurentian Goldfields Ltd in 2010. Portofino has recognized the existence of regional magnetic high anomalies coincident with the gold-in-soils anomalies that it believes are significant. Gold associated with banded iron formations are excellent exploration targets especially when the property has gold in soils associated with a magnetic anomaly. Qualified Person The technical content of this news release has been reviewed and approved by Mr. Alex Pleson, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The Bruce Lake Property Portofino has the right to acquire a 100% interest in the 1,428-hectare Bruce lake property in the Red lake, Ontario gold district. The Property is located only 1.5 km northeast of Great Bear Resources Ltd. (\"Great Bear\") Pakwash Property and 11 km s...