Portofino Resources Inc. announces that due to strong interest in its previously announced private placement for $500,000, it has increased the financing to $600,000. The placement is priced at $0.10 per unit and each unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 24 months commencing on the [...]
Portofino Resources Inc. announces that it has arranged a private placement financing for $500,000 priced at $0.10 per unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 24 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of [...]
Portofino Resources Inc. is pleased to announce it has received the final deliverable maps for the high-resolution airborne magnetic survey covering the Company's South of Otter Project in the Red Lake gold camp, Ontario . The survey has identified several structural and magnetic features that when merged with recent trenching, sampling and surface [...]
Portofino Resources Inc. is pleased to report its geological team is currently on-site and conducting the fall 2020 field work program on the Gold Creek property, in northwestern Ontario . The fall program is intended to continue the successful initial prospecting work that focused on the eastern part of the Gold Creek claims and the numerous [...]
Portofino Resources Inc. is pleased to report that it has now received full consideration, for the sale and assignment of Portofino's right to earn a 100% interest in the Del Condor and Pucara lithium brine salar properties in Argentina. The consideration totaled C$100,000 in cash and 650,000 Galan Lithium Limited ordinary shares, pursuant to its [...]
Portofino Resources Inc. announces that it is arranging a private placement financing for up to $1,000,000 priced at $0.15 per common share Unit. Each Unit will consist of one common share and one-half share purchase warrant. Each full Warrant shall have a term of 24 months commencing on the Closing Date and shall entitle the holder to purchase one [...]
Portofino Resources Inc. is pleased to report it has received assay results from the recent overburden trenching campaign on the Company's South of Otter property . The trenching was completed on three prospective sites; the Cliff Zone, the Yellow Jacket Trench and the Silver Lining Trench. A total of 22 samples were submitted for fire assay to [...]
New claims include historical drill intercept of 4.32 g/t gold over 41 metres and a 1-tonne bulk sample returned an average grade of 9.9 g/t gold Portofino Resources Inc. is pleased to announce the acquisition of a block of 5 mining claims totalling 105 hectares contiguous to its current eastern Gold Creek Property boundary . The acquisition [...]
Portofino Resources Inc. is pleased to report its exploration crew has completed a successful mechanical trenching and soil anomaly testing program on its South of Otter, Red Lake property . As previously reported, the Company had discovered 2 gold bearing quartz veins sampling 18.0 grams per tonne gold and 8.19 g/t gold. A re-assaying of the [...]
Sampling confirms high grade nature of gold occurrences Portofino Resources Inc. is pleased to announce the results of its prospecting program at its Gold Creek Property located 65 kilometers west of Thunder Bay, Ontario. The purpose of the initial prospecting program was to confirm historical gold-bearing occurrences and sample additional points [...]
Portofino Resources Inc. is pleased to announce the Company has been issued an Exploration Permit for its South of Otter Project from the Ontario Ministry of Energy, Northern Development, and Mines. As part of the Permit process, Portofino consulted with and received support from all local indigenous groups. The Permit is valid for 3 years and will [...]
Portofino Resources Inc. is pleased to announce it has identified a new gold showing on its South of Otter Project near Red Lake, Ontario. Recent prospecting and geological mapping on the project by Portofino's field crew identified significant sulphide mineralization and quartz-sericite alteration between a geological contact and fault zone [...]