Portofino Completes Successful Trenching Program; Commences Airborne Survey for South of Otter, Red Lake Property
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report its exploration crew has completed a successful mechanical trenching and soil anomaly testing program on its South of Otter, Red Lake property (the "Property"). As previously reported, the Company had discovered 2 gold bearing quartz veins sampling 18.0 grams per tonne ("g/t") gold and 8.19 g/t gold. A re-assaying of the initial...
2020-08-26 8:00 AM EDT
Portofino Receives High Grade Gold Samples from Gold Creek Property, Northwestern Ontario
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the results of its prospecting program at its Gold Creek Property located 65 kilometers west of Thunder Bay, Ontario. The purpose of the initial prospecting program was to confirm historical gold-bearing occurrences and sample additional points of interest. A total of 56 grab samples were taken over a 5-day period. Highlights...
2020-08-18 8:30 AM EDT
Portofino Receives Drilling Permit for South of Otter, Red Lake Property; Mobilizes Crew to Further Evaluate Gold Discovery
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the Company has been issued an Exploration Permit (the "Permit") for its South of Otter Project from the Ontario Ministry of Energy, Northern Development, and Mines. As part of the Permit process, Portofino consulted with and received support from all local indigenous groups. The Permit is valid for 3 years and will allow for...
2020-08-07 8:30 AM EDT
Gold Discovery: 18 g/t Gold on Portofino's South of Otter Property, Red Lake Gold District, Ontario
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has identified a new gold showing on its South of Otter Project near Red Lake, Ontario. Recent prospecting and geological mapping on the project by Portofino's field crew identified significant sulphide mineralization and quartz-sericite alteration between a geological contact and fault zone through the central portion of...
2020-08-05 8:30 AM EDT
Portofino Expands Gold Creek Property and Commences Fieldwork
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has acquired by staking, an additional seven claims or 142 mining cells that increase the size of its Gold Creek Property from 1,024 hectares ("ha") to 3,918 ha. The new claims were acquired to cover northeast trending structural features that are apparent extensions of known gold-bearing horizons and to cover the Tinto...
2020-07-24 9:00 AM EDT
Portofino Commences Exploration on Bruce Lake Gold Property, Red Lake Gold District, Ontario
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has commenced field work on its Bruce Lake Gold Property. The exploration program will consist of prospecting, rock, soil and glacial till sampling, and geological mapping.The program will focus on two main areas. The western portion of the project with historical soil anomalies, will undergo an extensive mapping campaign to...
2020-07-16 8:00 AM EDT
Portofino Announces Appointment of Director; Grant of Options; Digital Media Campaign
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the appointment of Mr. Brian Crawford to its Board of Directors. Mr. Crawford is replacing Mr. Ken Cawkell as an independent director who is retiring from the Board but will continue his involvement with the Company as a strategic advisor. Brian Crawford, CPA, CA holds a B. Com. from the University of Toronto and...
2020-07-14 4:43 PM EDT
Portofino Increases Red Lake, Ontario Property Interests; Acquires Bruce Lake Property
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has entered into an Option Assignment Agreement with Falcon Gold Corp. ("Falcon") to acquire a 100% interest in the 1,428 hectare Bruce lake property (the "Property") in the Red lake, Ontario gold district. The Property is located only 1.5 kilometres ("km") northeast of Great Bear Resources ("Great Bear") Pakwash Property and...
2020-06-29 8:00 AM EDT
Portofino Discovers New Sulphide Mineralization Zone, South of Otter Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the successful completion of its recent field program on the South of Otter project near Red Lake, Ontario. The Company conducted prospecting and geological mapping along strong conductors identified in both the Company's winter electromagnetic ("EM") ground survey, and by Gold Corp's interpretation of 2001 airborne magnetic...
2020-06-23 9:00 AM EDT
Portofino Acquires Melema West Gold Property, Atikokan, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has executed a binding agreement to acquire 6 claims (41 cells) totaling 869 hectares in the Atikokan area of northwestern Ontario. The Melema West Property (the "Property") is located 28 kilometers ("km") northeast of the town of Atikokan, Ontario, 5km north of the Quetico Fault (Figure 1) and has excellent road access.The...
2020-06-11 8:00 AM EDT
Portofino Mobilizes Crew to Follow up on Sulphides Discoveries South of Otter Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has mobilized its exploration team to its South of Otter Project. The team is at site now and is focusing on the recently discovered geophysical anomalies and outcrops of sulphide mineralization. The work program includes additional prospecting, detailed structural mapping, and outcrop channel sampling based on conductors...
2020-06-02 8:00 AM EDT
Portofino Acquires Sapawe West, Atikokan Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce it has executed a binding agreement to acquire 3 claims (54 cells) totaling 1,147 hectares in the Steep Rock Greenstone Belt of northwestern Ontario. The Sapawe West Property (the "Property") is located in McCaul Township 9 kilometers ("km") northeast of Atikokan, Ontario. The Property lies within the Steep Rock Greenstone Belt...
2020-05-27 8:00 AM EDT
Portofino Executes Option to Acquire Gold Creek, Ontario Property
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report it has executed a binding option agreement (the "Agreement") for the right to acquire a 100% interest in the...
2020-05-20 8:00 AM EDT
Portofino Identifies 3 Significant Conductors in Geophysical Program - South of Otter, Red Lake, Ont
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") is pleased to report that it has received results from its 19-line kilometer ("km") winter geophysical program. The program consisted of a Very-Low Frequency (VLF) Electromagnetic (EM) survey. This survey method is widely used in gold exploration and has been proven effective in delineating geological contacts and mineralized shear zones in the Red...
2020-05-14 8:00 AM EDT
Portofino Closes Oversubscribed Financing
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") 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 for one Common Share of the...
2020-05-05 11:11 AM EDT
Portofino Announces $300,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") 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 and one 2-year common share...
2020-04-27 3:00 PM EDT
Portofino Closes Oversubscribed Financing
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") 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 24 months from closing at...
2020-04-24 6:07 PM EDT
Portofino Amends Pricing of $500,000 Financing
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") 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 closing at an exercise price...
2020-04-07 2:01 PM EDT
Portofino Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting ("AGM") 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. Tafel, Stephen J....
2020-03-31 4:14 PM EDT
Portofino Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2020) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") 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 all stakeholders. Despite a...
2020-03-25 11:12 AM EDT