Portofino Resources Inc. is pleased to report that it has received results from its 19-line kilometer winter geophysical program. The program consisted of a Very-Low Frequency Electromagnetic survey. This survey method is widely used in gold exploration and has been proven effective in delineating geological contacts and mineralized shear zones in [...]
Portofino Resources Inc. reports that it has been oversubscribed on its previously announced $300,000 non-brokered private placement and closed on $332,500 priced at $0.05/Unit. Portofino insiders subscribed for 2 million units. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable [...]
Portofino Resources Inc. reports that due to overwhelming interest in its previously announced, oversubscribed $550,000 private placement, the Company announces a $300,000 placement consisting of up to 6 million Units priced at $0.05/Unit. Portofino insiders intend to subscribe for a minimum 2 million units. Each Unit consists of one common share [...]
Portofino Resources Inc. reports that it has been oversubscribed on its previously announced $500,000 non-brokered private placement and closed on $550,000 priced at $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of [...]
Portofino Resources Inc. reports that it is amending the pricing of its previously announced non-brokered private placement for up to $500,000 to $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from [...]
Portofino Resources Inc. wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Tuesday March 31, 2020, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G [...]
Portofino Resources Inc. reports that given the extreme market volatility in world equity markets, the Company is doing everything it can to meet these very challenging conditions. Portofino is following government and health official guidelines and in keeping with physical distancing recommendations, taking precautions to minimize health risks to [...]
Portofino Resources Inc. reports that it is undertaking a non-brokered private placement for up to $500,000 priced at $0.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of [...]
Portofino Resources Inc. is pleased to report it has executed a Binding Heads of Agreement with Galan Lithium Limited for the purchase and assignment of Portofino's right to earn a 100% interest in the Del Condor and Pucara lithium brine salar projects in Argentina. Pending the completion of due diligence and any regulatory approvals, Galan will [...]
Portofino Resources Inc. is pleased to report that its exploration crew has mobilized to site and commenced exploration work on its South of Otter property located in the Red Lake mining district. The first phase of Portofino's 2020 exploration program consists of approximately 25-line kilometers of ground VLF/EM geophysics and soil geochemistry [...]
Portofino Resources Inc. reports that it has completed a review of all the available historical assessment work on its South of Otter property located in the Red Lake mining district and is planning to implement an initial exploration program commencing in February. The first phase of the program will consist of ground VLF/EM geophysics and soil [...]
HIGHLIGHTS: Located in historic gold mining camp, near the town of Red Lake, Ontario; Close to recent Dixie Lake high-grade gold district discoveries; Infrastructure access including highway and power; Portofino Resources Inc. is pleased to announce it has signed a binding agreement for the right to acquire a 100% interest in a mining claim block [...]