- Portofino Resources (POR) is releasing results from the channel sampling program on its Allison Lake North Property
- The lithium and rare earth elements property is located in northern Ontario’s Red Lake district
- The company’s initial exploration program uncovered” encouraging” Lithium and Tantalum values
- The most recent sampling has also yielded elevated values for Niobium and Rubidium
- Portofino Resources Inc. (POR) is up 8.33 percent, trading at $0.13 at 12:28 p.m. EST
Portofino Resources (POR) is releasing results from the channel sampling program on its Allison Lake North Property.
The lithium and rare earth elements property is located in northern Ontario’s Red Lake district.
The company’s initial exploration program uncovered” encouraging” Lithium and Tantalum values.
The most recent sampling has also yielded elevated values for Niobium and Rubidium.
In late September, 35 channel samples and 11 select grab samples were submitted to the lab for chemical and mineral analysis.
“We continue to be encouraged by the results of our sampling programs in 2021. This is an exciting, unexplored project located within a very active lithium and rare earths exploration region, where systematic and methodical exploration programs are needed to unlock the potential of this project.
Each time our technical team is on the ground, we learn something that advances our understanding of the property, and we intend to build upon this success in 2022 with a follow-up mapping and prospecting program concentrating on a more clearly defined edge along the batholith-sediment contact,” said CEO David Tafel.
Portofino Resources Inc. (POR) is up 8.33 percent, trading at $0.13 at 12:28 p.m. EST.