(POR.V) Mar. 14, 2019 – Portofino Resources Inc. has now finalized detailed plans with its geological and geophysical teams in Argentina pursuant to implementing a geophysical survey on its Hombre Muerto West lithium brine project.
The geophysical crew will complete up to 32 vertical electric soundings (VES) using an approximately 1,000-metre Wenner array with a theoretical maximum depth capability of about 300 metres. The VES technique is a relatively simple type of resistivity survey that is commonly used to investigate both geological and hydrogeological characteristics in the subsurface and is effective with horizontal layering, which is characteristic of a salar setting.
To ensure surface and weather conditions are optimal for accessing the Salar de Hombre Muerto, work is anticipated to commence on the claims in early April and anticipated to be completed in three weeks. Environmental impact reports will be completed on both claim blocks comprising the Hombre Muerto West project in line with the requirements of the province of Catamarca.
The geophysical survey follows the company’s 2018 near-surface brine sampling program at the Hombre Muerto West project, which resulted in sample values of up to 1,031 milligrams per litre (mg/L) lithium, 9,511 mg/L potassium and 1,716 mg/L magnesium.
Portofino has the right to acquire a 100 percent interest in two mineral concessions, the Pucara and Condor claim blocks that comprise 1,804 hectares located at the Salar del Hombre Muerto, where Livent Corporation is currently producing lithium carbonate at their Fenix operation approximately 15 kilometres 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.
Portofino Resources is a Vancouver-based company focused on acquiring, exploring 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.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.