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Portofino Resources Expands Gold Creek Property and Commences Fieldwork
New claims cover trends of gold-bearing horizons Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA
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[{"type":"text","content":" New claims cover trends of gold-bearing horizons Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce it has acquired by staking, an additional seven claims or 142 mining cells that increase the size of its Gold Creek Property from 1,024 hectares (\"ha\") to 3,918 ha. The new claims were acquired to cover northeast trending structural features that are apparent extensions of known gold-bearing horizons and to cover the Tinto Lake Fault. (see Figure 1). Figure 1. General location and geology of the Gold Creek Property, Portofino Resources. The regional geology is comparable in many respects to the setting of other world class gold districts such as found in the Timmins and Kirkland Lake Camps in northeastern Ontario. The Gold Creek Property is underlain by the Archean-age Shebandowan greenstone belt. The Shebandowan greenstones extend for approximately 350 kilometres (\"km\") west from Lake Superior and form an arcuate-shaped complex of metamorphosed felsic to mafic volcanics, which have been intruded by felsic and intermediate stocks and sills. Ultra-mafic intrusive bodies and volcanic units are important components within the Shebandowan belt and host nickel - copper - platinum group metal deposits like the past producing Shebandowan mine. The Matawin Gold belt is defined by numerous gold occurrences within the Shebandowan greenstone belt, spatially related to felsic intrusions, large zones of alteration and sulfide mineralization also associated with the Crayfish Creek fault. The presence of small and large scale faulting can indicate characteristics favourable for both bulk tonnage, disseminated and high-grade vein style gold. The Tower Mountain gold deposit approximately 30km to the east occurs within the Matawin gold belt and like the Gold Creek claims, its gold mineralization is associated with the Crayfish Creek fault and a felsic intrusive complex. The Tower Mountain gold zones reportedly contain both high-grade style gold mineralization and lower grade disseminated gold mineralization. In 2005, ValGold Resources Ltd. reported drill intersections for the Tower Mountain project within its high-grade zone of 160.0 grams per tonne (\"g/t\") gold (\"Au\") over a core length of 1.5 metres (\"m\") in hol...