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Portofino Resources Summarizes Argentina Lithium Projects - Progress and Actions
Vancouver, British Columbia--(Newsfile Corp. - June 9, 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. - June 9, 2022) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to report on its Argentina lithium projects' status and provide the following progress and actions updates: Yergo Lithium Project, Catamarca The Company reports that following initial filing of an Environmental Impact Assessment associated with a drilling permit application (regarding the implementation of an inaugural 4-hole drill program), extensive consultation and dialogue with the Catamarcan provincial Ministries of Environment and Mining have ensued. Portofino has demonstrated a strong commitment to an environmentally and socially responsible exploration and potential development project. Subject to successful drilling and further exploration the Company is of the opinion that, when advanced responsibly, the Yergo project could encompass additional attributes that contribute positive economic and social benefits to all stakeholders while protecting the salar's sensitive ecosystem. Portofino's actions to date include: Proposing to set aside a portion of its mining concessions as a protected nature reserve. Undertaking due diligence and dialogue with multiple Direct Lithium Extraction (\"DLE\") technology companies. DLE operations have proven effective in extracting lithium from salt brines, having the following benefits: eliminating the requirement for evaporation ponds and their massive environmental and visual footprint; returning the brine solution to underground aquifers maintaining aquifer levels for local communities and protecting vital wetland ecosystems; and Dramatically improving the project's environmental and social impact, while demonstrating innovation leadership, and implementation of emerging best practices for Argentina and the Province of Catamarca. Initiating a geothermal study assessing the potential of Yergo's renewable geothermal capacity that could potentially meet 100% of future DLE power requirements, additionally providing the potential for a sustainable and stable base-load energy solution to local communities displacing traditional fossil fuels with a carbon neutral future. Based on positive feedback received in recent meetings held in Catamarca with government officials, management is confident a drill permit will be granted...