Business
Portofino Resources Provides Drilling Update on the Gold Creek Project
APPROX 800 METERS DRILLED VISIBLE GOLD INTERSECTED IN HOLE 4 MULTIPLE TARGETTED ZONES INTERSECTED Vancouver, British Columbia--(Newsfile Corp. - April 9, 2021)
About this update from Latam Lithium Corp
[{"type":"text","content":" APPROX 800 METERS DRILLED VISIBLE GOLD INTERSECTED IN HOLE 4 MULTIPLE TARGETTED ZONES INTERSECTED Vancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to report that a total of 798 meters (\"m\") of diamond drilling has been completed through four (4) holes on it's Gold Creek Project located 65 kilometers (\"km\") west of Thunder Bay, Ontario. The Phase 1 drill program tested targets at the 'New Road Zone' and 'S1 Zone' where 2020 fall sampling programs confirmed the presence of anomalous to high grade gold in grab samples. Two holes were completed at each zone. Drill hole statistics are presented in Table 1. All intervals reported are downhole. \"We are very pleased to have completed our initial drill program on the Gold Creek Property and are excited about the overall results of this program, notwithstanding the intersection of visible gold in hole 4,\" said David Tafel, CEO of Portofino. \"Our field team and drilling crew worked extremely quickly and efficiently. Due to unseasonably warm temperatures and resulting early spring breakup, the program was limited to 4 holes. Our crew will revisit Gold Creek subsequent to receipt of core assay results as we have a number of additional drill targets to test once the ground conditions dry up.\" Hole GC-2021-01 was drilled at the 'New Road Zone'. It was designed to target the 2020 surface grab sample of 4.07 grams/tonne (\"g/t\") Au, investigate the Crayfish Creek Fault zone with an historical grab sample of 6.51 g/t Au, target the anomaly outlined in a 2007 IP survey and investigate the nature and significance of a high magnetic feature. The New Road Zone was intersected from 27.53m to 47.14m (19.61m), consisting of gabbro to diorite bleached with potassic alteration and silicification, containing 0.5-3% blebby pyrite overall with minor quartz stringers. Schistose mafic volcanics were intersected at the Crayfish Creek Fault Zone. The hole ended in iron formation explaining the high magnetic signature. Hole GC-2021-02 was also drilled at the 'New Road Zone'. This hole was field fitted and redesigned to intersect altered felsic intrusive uncovered while making the drill road, investigate the Crayfish Creek Fault zone with an historical grab sample of 6.51 g/t Au, t...