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Portofino Resources Sending Team to Yergo Lithium Project, Argentina
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2021) - 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. - October 12, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to report that its Argentine field crew is traveling to the Yergo, Argentina lithium project this week to evaluate current conditions and prepare site logistics for an upcoming drilling program. Portofino's technical team has identified an initial 4 priority drill targets and a drilling contract has been executed. Drill testing of the Project will enable initial evaluation of the volume and the lithium content of the brines and sediments within the sub-basin of previously identified zones. The Yergo Lithium Project Portofino has the right to earn a 100% interest in the 2,932 hectares Yergo Project which encompasses the entire Aparejos Salar located in the southern part of Argentina's world-renowned \"Lithium Triangle\". The Project is situated 15 kilometers southeast of Neo Lithium Corp's advanced 3Q Project. A 2021 geophysical survey and surface geochemical sampling program identified two large, anomalous sub-basins within the Aparejos Salar (NR-April 6, 2021). The survey and sampling results confirmed the presence of lithium-rich brines and the potential volume of the brines within the Project. The initial drill program will focus on the eastern sub-basin which has an irregular surface expression measuring between 1,800 meters (\"m\") to 2,500m in length by approximately 700m in width with modeled depths of between 44m and 65m. Surface sample results previously reported values of up to 373 mg/l Lithium and included low impurities. Yergo Lithium Project, 2021 David Tafel, Portofino's President and CEO commented; \"Given the proximity of Neo Lithium Corp's 3Q Project, it is likely that the Aparejos salar has experienced a similar geological history, including Lithium and Potassium enrichment, due to their common evaporitic climate and local geology. Each of the 3Q Project and the Yergo Project are located within the same volcanic package likely with exposure of the same potential lithium source rocks and mineralizing processes. Note that, on October 08, 2021, Neo Lithium announced it had received an all cash, takeover offer of $960 million for all its outstanding equity.\" Qualified Person The technical content of this news release has been reviewed and ...