Portofino Commences Exploration and Sampling ON Greenheart/Mcnamara, Ontario Lithium Projects
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO COMMENCES EXPLORATION AND SAMPLING ON
GREENHEART/MCNAMARA, ONTARIO LITHIUM PROJECTS
Vancouver, B.C., September 12, 202 2. PORTOFINO RESOURCES INC. (TSX -V: POR) (OTCQB:
PFFOF) (FSE: POTA) (“Portofino” or the “Company”) reports that its geological team has been
mobilized to the Greenheart Lake (“GL”) and McNamara Lake (“ML”) lithium properties and has
commenced a mapping, sampling, and reconnaissance exploration program.
The GL Property comprises approximately 1,200 hectares and the ML Property approximately
1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake
areas of northwestern Ontario within 15 kilometres (“ km”) of the town of I gnace and are
accessible by well-established logging roads branching from the Trans Canada highway.
Each property occurs proximal to a triple boundary junction of three Archean-age terranes: the
Wabigoon, East Wabigoon and Winnipeg River (Figure 2). Terrane boundaries are recognized as
important geological settings for lithium (“Li”) and rare metal pegmatites (Breaks et al., 2003).
The GL Property lies 10km southeast of International Lithium’s Raleigh Lake lithium pro ject and
15km northwest of Grid Metals Campus Creek lithium project (Figure 1). Grid Metals recent ly
announced a new Li-bearing pegmatite discovery at Campus Creek where initial grab sample
results assayed between 0.22 and 4.35% Li2O (Grid NR - Oct 5, 2021).
The ML Property is contiguous with the southern claim boundary of Grid’s Campus Creek
property. The Company has the right to earn a 100% interest in each of the GL and ML claim
groups. (NR -Dec. 14, 2021).
Portofino’s CEO, David Tafel comments; “As the pace and breadth of lithium exploration by
multiple companies in the region has expanded, its cle ar that t he GL and ML Properties are
very well situated in terms of ideal geological setting . The Raleigh Lake p egmatite field and
recent discovery by Grid Metals in the area bodes well for our potential exploration success.”
Figure 1. Portofino’s Greenheart Lake (GL) and McNamara (ML) properties claim locations
Figure 2. Portofino’s lithium properties of northwestern Ontario.
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-
101, has reviewed, and approved the technical contents of this news release on behalf o f the
Company.
About Portofino Resources Inc.
Portofino is a Vancouver -based Canadian company focused on exploring and developing
mineral resource projects in the A mericas. Portofino has an opportunity to earn a majority
interest in multiple lithium proj ects in Salta, Argentina and up to 100% of the Yergo Lithium
property in Catamarca. The properties are situated in the heart of the world -renown Argentine
Lithium Triangle and in close proximity to multiple world -class lithium projects. The Company
also has the right to earn 100% interest in three northwestern Ontario, Canada lithium proj ects:
Allison Lake North, Greenheart Lake and McNamara Lake.
Portofino’s South of Otter and Bruce Lake projects are in the historic gold mining district of Red
Lake, Ontario, Canada proximal to the Dixie gold project discovered by Great Bear Resources
and now owned by Kinross Gold Corp. In addition, Portofino holds three other north western
Ontario gold projects; the Gold Creek property located immediately south of the historic
Shebandowan mine, as well as the Sapawe West and Melema West properties locate d in the
rapidly developing Atikokan gold mining camp.
ON BEHALF OF THE BOARD
“David G. Tafel”
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director
604-683-1991
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the
“Company”). All forward- looking statements concerning the Company’s f uture plans and operations, including management’s
assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties
beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance
and that actual performance and exploration and financial results may differ materially from any estimates or projections.