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Portofino Resources Inc. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) reports on dialogues with international industry groups interested in securing lithium supply. Multiple groups have initiated project due diligence on a post-non-disclosure agreement basis. The company is seeking strategic financing to advance its lithium brine projects.
Portofino Resources and its Projects
Portofino operates two significant projects in Argentina:
Yergo Project
Location: Catamarca Province, 2,932 Ha
The Yergo project is 100% controlled by Portofino Resources and is near Fiambala. It offers main road access to the property.
Key Features:
- High-quality lithium brine with up to 373 mg/L Lithium and 8,001 mg/L Potassium.
- Comparable geology with Zijin’s 3Q Project.
Arizaro Project
Location: Salta Province, 8,445 Ha
The Arizaro project is strategically located near Tolar Grande, with road and railway access.
Key Features:
- Preliminary exploration shows significant lithium potential with aquifer depths reaching up to 1000m.
- Geological similarities with neighboring projects like Eramet and Lithium Chile.
Portofino’s Encouragement
Despite limited public market interest, the company notes considerable interest in its well-located lithium brine projects from international industry groups. There is no certainty that discussions will lead to material transactions.
About Portofino Resources Inc.
Portofino Resources Inc. is based in Vancouver, Canada. The company focuses on exploring and developing mineral resource projects in the Americas. In addition to its lithium brine projects in Argentina, Portofino has agreements to explore and develop other lithium and gold projects in northwestern Ontario, Canada.
ON BEHALF OF THE BOARD
“David G. Tafel”
Chief Executive Officer
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