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Portofino Resources Receives Results from Allison Lake North Lithium Property
Vancouver, British Columbia--(Newsfile Corp. - December 8, 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. - December 8, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce it has received reconnaissance grab and channel sample results from its Allison Lake North Lithium Property (the \"Property\") located 100 kilometres (\"km\") east of the town of Red Lake in northwestern Ontario. The objective of the fall 2022 reconnaissance program was to initiate sampling on Portofino's newly staked claims near the southwestern contact of the Allison Lake Batholith, as well as additional sampling on the main claim group. The new claims are located just west and proximal to the SJ Pegmatite which is described in a 2003 Ontario Geological report (\"Breaks et al\") as 'economically interesting' rare elements levels (Figure 1). In total, 28 grab samples and 23 select channel samples were collected during the September/October 2022 program, many of those in undocumented pegmatites within metasediments. Values of up to 230 ppm Lithium (\"Li\") were reported within metasediments adjacent to these undocumented dykes, and up to 622 ppm Rubidium (\"Rb\") within pegmatite. Of significance were a few Magnesium/Lithium (\"Mg/Li\") ratios in between 1 and 5 which signify highly evolved pegmatites and are good indications that these pegmatites are likely to be lithium bearing. (Values less than 1, signify lithium-bearing pegmatites- Breaks et al.) (Figure 2). Initial grab and channel samples by Portofino on the Property in 2021 returned up to 398 ppm Li, 90.5 ppm Cesium (\"Cs\"), 1040 ppm Rb and 135 ppm Tantalum (\"Ta\") (NR Sept 7, 2021). Follow-up sampling in 2021 returned values up to 412 ppm Li and 857 ppm Rb (NR Jan 14,2022). Commentary \"We are encouraged by the results of the mapping and sampling program on our new Allison Lake North claim groups,\" states David Tafel, CEO of Portofino Resources. \"Discovering anomalous rare element mineralization in undocumented pegmatites and utilizing the (litho-geochemical) results to vector future exploration efforts to those areas of the highest potential for success, bodes well for follow-up exploration programs.\" Figure 1. Portofino claims and regional geology of the Allison Lake North Lithium property. Figure 2. Portofino claims, regional geology and Mg/Li ratios of the Allison Lake...