Portofino Completes Due Diligence Site Visit ON Lithium Brine Project IN Catamarca, Argentina
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
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www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO COMPLETES DUE DILIGENCE SITE VISIT ON LITHIUM BRINE PROJECT IN
CATAMARCA, ARGENTINA
Vancouver, B.C., August 10, 2017. PORTOFINO RESOURCES INC. (POR: TSX-V) (“Portofino” or the
“Company”) is pleased to announce that its geological team has completed an initial site visit to one of
two lithium brine salar properties in Catamarca, Argentina subject to a letter agreement (“LOI”)
previously announced. The site visit objectives were to undertake a water and brine sampling program
sufficient to confirm historical sampling methodology completed previously by consultants working on
behalf of the local concession owner. The sampling was focused on a 1600-hectare (core) area (within
Project 1) with historically reported sampling results averaging approximately 263 ppm Lithium.
Project 1 comprises a 30,000-hectare claim block located southwest of the Salar del Hombre Muerto
where FMC Lithium is producing lithium carbonate and Galaxy Resources is developing its Sal de Vida
project.
The LOI gives Portofino the right to acquire up to an 85% interest in Project 1, as well as a second lithium
brine property, (Project 2) which is located approximately 10 kilometres (“km”) from the Chile border
and north of Neo Lithium Corp’s 3Q project and encompasses a 3,950-hectare claim block. A site visit to
Project 2 was planned, but had to be postponed due to excessive snow blocking access roads.
The LOI transaction is subject to completion of due diligence, execution of a definitive agreement and
TSX-V exchange approval.
Historical exploration work commissioned in 2012 by the vendor of both projects included geological
mapping, sampling of surface waters, auger sampling of brines, and compilation of the distribution of
Lithium and Potassium grades within the basins. Eight surface water and 51 auger brine samples were
analyzed and results averaged: 257 mg/l of Lithium and 8,710 mg/l of Potassium for Project 1; 274 mg/l
of Lithium and 7,521 mg/l Potassium for Project 2.
The Company and its Qualified Professionals have not verified the historical sample collection
methodology or analytical results, but believe the historical results are relevant. Future work by
Portofino, will be required to verify the historical results.
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew J. Turner, B.Sc.,
P.Geol. of APEX Geoscience Ltd., who is the Company’s Geological Consultant and is a Qualified Person as
defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Portofino Resources Inc.
Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing
mineral resource projects in the Americas.
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 future 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 ar e not guarantees of future performance and that actual performance and exploration and financial results may differ
materially from any estimates or projections.