Business
Portofino Resources Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - June 20, 2023) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") wishes to re
About this update from Latam Lithium Corp
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 20, 2023) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") wishes to report that further to its June 14th news release, approximately 97% of the 28.5 million shares voted at the Annual General Meeting (the \"AGM\"), (19.2% of shares outstanding) were in favor of each of the management resolutions and director elections. CEO and Director, David Tafel, commented: \"We have had to overcome a variety of hurdles, but I believe we are on a path with many positive opportunities and outcomes for our investors. More that 76% of the shares voted at our AGM were arms-length shareholders and I would like to express my appreciation for the support of all shareholders over the past year.\" Following the formal agenda items of the June 14th AGM, management also updated shareholders on corporate activities. A brief summary is provided below: Portofino holds an interest in a number of well located Argentine and Canadian lithium and gold exploration projects. Management believes that prioritizing its focus to advance the Argentine lithium brine prospects is in the best interest of shareholders. In addition to on the ground activities, numerous discussions are ongoing with potential strategic partners to capitalize on current and future opportunities. Management has also initiated dialogue with several groups to monetize one or more Canadian assets. Subject, however, to successful near and mid-term progress in Argentina, the Company's prime objective would be to spin-out the Canadian projects into a new, separate entity. Arizaro, Lithium project Salta, Argentina: In conjunction with the state-owned resource company in the Province of Salta, extensive geological due diligence on the 8,445-hectare Arizaro lithium brine project involving a team of geologists, geophysicists, technicians and heavy equipment operators has been completed. This included: More than 40 surface brine samples collected; 35 trenches reaching shallow water tables using excavation equipment; and 69,000 metres of geophysical surveying utilizing Vertical Electric Soundings technology. The Company had previously reported execution of a Memorandum of Understanding and a Collaboration Agreement (the \"Agreements\") and has completed numerous steps as outlined within the Agreements. These hav...