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Portofino Resources Reports Airborne Survey Underway; Additional Claims Acquired - Allison Lake North Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 10, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to announce that it has engaged Prospectair Geosurveys to complete a high-resolution helicopter-borne magnetometer geophysical survey on the Allison Lake North property (the \"Property\"). The support crew has been mobilized and the survey is underway. The program comprises approximately 406 line-kilometers of airborne geophysical surveys with GPS controlled, 50-meter line separations in order to achieve quality definition of geological units and their structures. The objective of the survey is to identify structural weaknesses in the Allison Batholith that could potentially contain lithium bearing pegmatites. The resultant magnetic features will aid in the next phase of vectoring on the ground prospecting and mapping of those targets of high merit when combined with Portofino's recent mapping and sampling programs. Portofino's CEO, David Tafel, comments; \"The Allison Lake area is attracting significant exploration groups and expenditures and we are fortunate to be positioned in the middle of this fully staked, multi-company, battery mineral exploration region. We anticipate results of the airborne survey to be instrumental in guiding a 2nd stage follow on to our 2021 channel and grab sampling program which returned values that included up to 412 ppm Lithium and 1040 ppm Rubidium.\" Mr. Tafel comments further; \"The 2nd half of 2022 is ramping up to become a very exciting and active lithium exploration period for Portofino in northern Ontario, as well as in northern Argentina. We expect drilling to commence on our 100% controlled, Yergo project in Catamarca and field work will be initiated in neighbouring Salta province upon execution of a definitive agreement with the provincial resource entity (REMSA) enabling the Company to earn a majority interest in multiple lithium brine projects situated within the heart of the world-renown Lithium Triangle.\" Acquisition of additional claims The Company also announces it has added to its Allison Lake North land package by acquiring 3 additional claims (33 cells). (Allison Lake North Location). The new claims are located contiguous to and west of the Property and are underlain by the Jubilee Lake sediment group that ...