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Portofino Resources Reports Airborne Survey Results- Allison Lake North Lithium Project

Vancouver, British Columbia--(Newsfile Corp. - September 15, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Compan

articleLatam Lithium CorpSeptember 15, 20223/company/latam-lithium-corp/news/portofino-resources-reports-airborne-survey-results-allison-lake-north-lithium-project
Portofino Resources Reports Airborne Survey Results- Allison Lake North Lithium Project

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[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 15, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce that it has received results from a property wide high-resolution helicopter-borne magnetometer (\"mag\") geophysical survey completed by Prospectair Geosurveys, on the Allison Lake North property (the \"Property\"). The survey comprised 406 line-kilometers of high-resolution mag with GPS controlled 50-meter line separations. The objective of the survey was to identify structural weaknesses, geological contacts and possible fractionation directions in the Allison Batholith that could potentially contain lithium bearing pegmatites. The resultant total magnetic intensity field was very settled in absolute terms with increasing intensity towards the eastern portion of the Property (Figure 1). This may represent fractionation westward from a barren biotite-rich granite to a more peraluminous fertile granitic melt. Low amplitudes in the southwestern portion of the Property may reflect metasediments of the Birch-Uchi greenstone belt. According to Breaks et al., 20031, fractionation and crystallization or rare elements (Li-Cs-Ta) occur mainly at the outer edges of the parental granite or those rocks in contact. Portofino's CEO, David Tafel, comments: \"Results of the airborne survey will be instrumental in guiding an upcoming 3rd phase channel and grab sampling program where our previous sampling returned values that included up to 412 ppm Lithium and 1040 ppm Rubidium. The Allison Lake area has attracted a significant number of exploration groups due to its excellent prospects. We are fortunate to be positioned in the heart of this fully staked, multi-company, battery mineral exploration region.\" Preliminary interpretation of the survey results will aid in the next phase of ground prospecting and mapping to those areas of high merit when combined with Portofino's previous sampling and mapping efforts. Figure 1. Total magnetic intensity of the high-resolution mag survey and preliminary interpretation of Portofino's Allison Lake North property. The resultant magnetic features reflect a possible fractionation zonation that has been mirrored by the Company's 2021 sampling and mapping program and efforts by Green Technology Metals within the All...

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