- Portofino’s (POR) geological team has been mobilized to its lithium properties and commenced a mapping, sampling, and reconnaissance exploration program
- The teams have arrived at the company’s Greenheart Lake and McNamara Lake lithium properties, both of which are recognized as important geological settings for lithium (Li) and rare metal pegmatites
- The GL Property is 12 sq. km., and the ML Property is 11.2 sq. km. Both properties are located in the Balmoral and McNamara Lake areas of northwestern Ontario
- Portifino Resources Inc. (POR) is down 6.25 per cent, trading at C$0.075 per share at 9:40 am ET
Portofino’s (POR) geological team has been mobilized to its lithium properties and commenced a mapping, sampling, and reconnaissance exploration program.
The teams have arrived at the company’s Greenheart Lake and McNamara Lake lithium properties, both of which are near a triple boundary junction of three Archean-age terranes: the Wabigoon, East Wabigoon, and Winnipeg River. Terrane boundaries are recognized as important geological settings for lithium (Li) and rare metal pegmatites.
The GL Property is 12 sq. km., and the ML Property is 11.2 sq. km. Both properties are located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15 km of the town of Ignace and are accessible by logging roads from the Trans Canada highway.
Portofino’s CEO, David Tafel, commented that as the pace and breadth of lithium exploration by multiple companies in the region has expanded, the GL and ML properties have an ideal geological setting.
“The Raleigh Lake pegmatite field and recent discovery by Grid Metals in the area bodes well for our potential exploration success.”
Portofino (POR) is a Vancouver-based company focused on exploring and developing mineral resource projects in the Americas.
Portifino Resources Inc. (POR) is down 6.25 per cent, trading at C$0.075 per share at 9:40 am ET.