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Portofino's Geological Team Completes Initial Exploration and Channel Sampling - Allison Lake North Lithium, Rare Elements Property
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") i
About this update from Latam Lithium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) (\"Portofino\" or the \"Company\") is pleased to report that its geological crew has completed its initial site visit to the Allison Lake North lithium and rare elements property (\"Property\"). Portofino's geologists encountered several granitic pegmatite outcrops in recently logged areas of the property enabling the team to initiate a channel sampling program across these exposures (Photo 1). 57 channel samples and 17 select grab samples have now been submitted to the lab for chemical and mineral analysis and results will be reported upon receipt. The Allison Lake granitic pegmatites are known to contain elevated concentrations of lithium and other rare elements as established by the 2003 Ontario Geological Survey, (\"Breaks\") report. The pegmatites found on the Property can contain mineral grains measuring several centimetres. In addition, the Company's field geologists identified minerals including beryl (Beryllium-silicate) and tourmaline (Boron-silicate), which can be intimately associated with economic rare element mineralization, and support Portofino's objective of finding an economic deposit containing these important elements. Photo 1 – Channel sampling – Allison Lake north property Photo 2 - Possible beryl crystals in pegmatite The Company's website contains additional exploration pictures that can be viewed at: Allison Lake North Property Sampling. The Allison Lake North Property The Property comprises 1,618 hectares (ha) and is located 100 kilometers (\"km\") east of the town of Red Lake in northwestern Ontario. It is accessible by well-established logging roads and a hydro-electric power line transects the claim group. The Property contains significant attributes that are key to the formation of lithium-bearing pegmatite dykes. It is positioned along the contact between the Allison Lake pegmatite granite batholith and the Jubilee Lake metasedimentary rocks of the Uchi Subprovince in northwestern Ontario. The 2003 Breaks report concluded that, \"The Allison Lake batholith represents an important new exploration target for rare-element mineralization and is the largest such granite thus far documented in Ontario. This area has high potential for further discoveries of rare-element mineral...