Source: Portofino Resources Inc.
  • Portofino (POR) receives results from Allison Lake North Lithium property
  • The objective of the fall 2022 reconnaissance program was to initiate sampling on Portofino’s newly staked claims near Allison Lake
  • In total, 28 grab samples and 23 select channel samples were collected during the fall 2022 program
  • Notable samples were some Magnesium/Lithium ratios which were between 1 and 5, which signifies highly evolved pegmatites
  • Portofino Resources (POR) is trading at C$0.035 at 12:30 pm EST

Portofino Resources (POR) received sample results from its Allison Lake North Lithium Property located 100 kilometres east of Red Lake, Ontario.

The objective of the fall 2022 reconnaissance program was to initiate sampling on Portofino’s newly staked claims near the southwestern contact of the Allison Lake Batholith, as well as additional pieces on the main claim group.

The new claims are west/near the SJ Pegmatite, described in a 2003 Ontario Geological report as ‘economically interesting’ rare elements levels.

In total, 28 grab samples and 23 select channel samples were collected during the September/October 2022 program, many of those in undocumented pegmatites within metasediments.

Values of up to 230 ppm Lithium were reported within metasediments adjacent to these undocumented dykes, and up to 622 ppm Rubidium within pegmatite.

Notable samples were some Magnesium/Lithium ratios between 1 and 5, which signify highly evolved pegmatites. According to the company, these are good indications that these pegmatites are likely to be lithium-bearing. 

The property comprises seven mining claims totalling 2,288 hectares in three claim groups.

Portofino is earning a 100 per cent interest in the property.

It is accessible by well-established logging roads, and a hydroelectric power line transects the claim group.

The claims were staked to acquire strategically important exploration areas where Lithium and other rare element mineralization targets occurred associated with the Allison Lake batholith.

“We are encouraged by the mapping and sampling program results on our new Allison Lake North claim groups,” states David Tafel, CEO of Portofino Resources.

Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas.

Portofino Resources (POR) is trading at C$0.035 at 12:30 pm EST.


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