Business
Portofino Resources Provides 2020 Summary and Early 2021 Plans
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") had a highly
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) (\"Portofino\" or the \"Company\") had a highly active 2020 that included 4 new property acquisitions and completed financings totaling over $2.4 million (includes $900,000 raised through the exercise of warrants). Multiple field programs were implemented and were successful in advancing our Northwestern Ontario projects. A 2020 summary of activities, results and 2021 plans regarding our two main projects are as follows: South of Otter Gold & Base Metals Project, Red Lake, Ontario • A ground VLF/EM survey was designed and carried out during the winter of 2020 to refine the gold mineralization targets of merit and identify specific areas for prospecting, trenching and drilling. The survey successfully delineated 3 significant conductors over a 1.6-kilometer strike length. The survey was followed by a spring prospecting campaign that resulted in the discovery of several small outcroppings that were sampled and returned encouraging grab samples of up to 16.0 grams/tonne (\"g/t\") Gold. Samples were collected proximal to zones of strong sulphide mineralization as noted by the field crew. • An Exploration Permit was applied for and granted, enabling the Company to initiate a mechanical stripping program during the summer. Channel, select cut, and chip samples returned values up to 1.09 g/t gold over 0.58 meters (\"m\"). The program was limited in scope due to a lack of outcrops and near ubiquitous glacial cover on the property. • A heliborne high-resolution magnetic (MAG) survey was completed over the entire property during the summer which enhanced the Company's understanding of the structural and lithological make-up of the property, adding merit to those areas of potential mineralization. In late October/early November, a Phase 1 (51 sample) Soil Gas Hydrocarbon (\"SGH\") soil survey at the Yellow Jacket Target zone and a (117 sample) SGH soil survey at the Cliff's Target Area was completed. SGH sample results returned a rating up to 5.5 on a scale of 6 at the Yellow Jacket zone and up to 4 at the Cliff's zone where such ratings mean that, (based only on SGH survey) there is a good to high probability that gold mineralization may be present. 2021 Plans: Portofino's geological crew intends to return to the S...