Portofino to Commence Geophysical Survey Hombre Muerto Salar-Argentina
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 TO COMMENCE GEOPHYSICAL SURVEY
HOMBRE MUERTO SALAR-ARGENTINA
Vancouver, B.C., Feb 26, 2019. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino” or the
“Company”) is pleased to announce the selection of a geophysical team that has been engaged to
complete surveys at the Company’s Hombre Muerto West Project (the “Project” or the “Property” ),
located on the western side of the Salar del Hombre Muerto in the Catamarca Province of Argentina. The
geophysical survey work is intended to follow up on encouraging Lithium (and Potassium) results achieved
during last year’s near -surface brine sampling program ( see News Release - July 10, 2018) . The
geophysical program will help to define the extent of brines in the sub-surface at the Property, which will
in turn be used to define targets for planned exploration drilling. The geophysical team is expected to
mobilize to site in early March.
The Company’s 2018 exploration program at the Hombre Muerto West Project comprised the collection
of 18 near-surface brine samples that were submitted for geochemical analysis at the Alex Stewart
Analytical Laboratory in Argentina. The best result from the 2018 brine sampling program was a sample
that returned values of 1,031mg/L lithium (Li), 9,511 mg/L potassium (K) and 1,716 mg/L magnesium (Mg).
The overall average of the eighteen analyses was 384.4 mg/L Li and 3,848.2 mg/L K. (News Release - July
10, 2018).
The Company also reports that it has engaged an experienced Argentine group (comprised of geologists,
biologists, archeologist, and naturalists) to commence an Environmental Impact Study (“EIS”) for the
Hombre Muerto West Project . The study is required by the provincial government and will include
discussions of the geological and hydrogeological characteristics of the Project area , the flora and fauna
of the region, sites of historical value, climate, proposed work p lans and proposed impact mitigation
measures. The results of the 2018 near -surface brine sampling program will also be submitted to the
provincial mining authorities as part of the EIS and to support other permit applications which are now
underway.
Hombre Muerto West, Catamarca
Portofino has the right to acquire a 100% interest in 2 mineral concessions that comprise 1,804 hectares
(“ha”) located at the Salar del Hombre Muerto , where FMC Lithium is currently producing lithium
carbonate at their Fenix Operation approximately 15km southeast of the Hombre Muerto West Project
and where Galaxy Resources is currently developing its Sal de Vida project in the eastern part of the Salar.
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 -based Canadian company focused on acquiring, expl oring and developing
mineral resource projects in the Americas. The Company maintains an interest in several prospective
lithium salar properties located within the world-renowned “Lithium Triangle” in Catamarca, Argentina.
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 th e 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 a nd exploration and financial results may differ
materially from any estimates or projections.