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Portofino Resources Receives Elevated Channel Sample Results - Allison Lake North
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company"
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 14, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce results from a follow-up systematic channel sampling program on the Allison Lake North Lithium and Rare Elements Property (the \"Property\") located 100 kilometres (\"km\") east of the town of Red Lake in northwestern Ontario. In addition to expanding on the Company's initial exploration program where encouraging Lithium (\"Li\") and Tantalum (\"Ta\") values were discovered, the most recent sampling has also yielded elevated values for Niobium (\"Nb\") and Rubidium (\"Rb\"). In late September 2021, 35 channel samples (17 channel samples and 18 select channel samples) and 11 select grab samples were submitted to the lab for chemical and mineral analysis (Figure 1). The program returned values up to 412 ppm Li and 857 ppm Rb from select channel samples. Maximum values from both the June and September sampling programs of 143 ppm Ta correspond to the Ta values reported from the SJ Pegmatite in ferro-columbite (Figure 2). Values of Ta at the SJ Pegmatite were described as \"economically interesting\" by author Breaks et al. in the 2003 Ontario Geological Survey (\"OGS\") report. It is believed that Portofino's 2021 sampling programs reporting elevated Ta-Nb values were also from ferro-columbite. The elevated Ta-Nb sample locations also reveal a trend that mirrors an arc-shaped change in topography reflecting the actual contact of the Allison Lake batholith within the surrounding sediments. This trend may indicate a tantalum-niobium rich layer within the batholith or dykes parallel to the contact. Initial grab sampling by Portofino (NR Sept 7, 2021) returned values up to 398 ppm Li, 90.5 ppm Cesium (\"CS\"), 1040 ppm Rubidium (\"Rb\") and 135 ppm Ta. This represented a two-fold increase in Li and Rb and a ten-fold increase in Ta over sampling results by the OGS in 2003 which reported up to 190 ppm Li; 90 ppm Cs; 587 ppm Rb and 12.9 ppm Ta. Commentary \"We continue to be encouraged by the results of our sampling programs in 2021. This is an exciting, unexplored project located within a very active lithium and rare earths exploration region, where systematic and methodical exploration programs are needed to unlock the potential of this project,\" st...