A compelling lithium story with a high-grade gold backstop.
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In a market rabid to leverage both the “Green Revolution” and the prospect of a resurgence of the gold bull market, a company with such an investment thesis makes great sense.
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And with its combination of lithium and gold assets, it’s a story that perfectly describes Portofino Resources’ (POR.V; PFFOF.OTC) go-to-market strategy.
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This is a company with both a great lithium brine and a hard-rock lithium project…plus a suite of high-grade gold targets.
The flagship brine project lies within the famed Lithium Triangle, an area of major lithium production that surrounds the shared borders of northern Chile and Argentina and southern Bolivia.
Work is advancing on this project as we speak and, as you’re about to see, Portofino has development plans that should speed the project’s path to production while reducing its environmental footprint.
And at the same time, the company is awaiting final analyses from its highly prospective Gold Creek project, where this winter’s inaugural drill program successfully intersected broad zones of alteration and, in Hole 4, showed visible gold grains in a 7.0-meter interval from 73.5 meters to 80.4 meters that averaged 1.7 g/t gold.
In short, in Portofino Resources you have nothing less than a tantalizing hybrid play on the electric vehicle boom and a ripe environment for gold.
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A High-Potential Lithium Triangle Project
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The Lithium Triangle in South America is the Saudi Arabia of lithium production, an area responsible for 54% of annual global production of the battery metal.
As the following chart demonstrates, the EV trend driving demand for lithium battery production is about to really start hitting the gas.
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Investors in the U.S. can already see the signs of this acceleration in all those Teslas that seem to be ubiquitous on the road these days.
Portofino’s Yergo project in Argentina’s Catamarca district gives it a compelling lever on this trend.
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The project lies within the same geological environment as the nearby 3Q lithium project that Neo Lithium has ridden to a market cap of almost C$400 million.
In Yergo, Portofino sees an opportunity to duplicate Neo Lithium’s success at 3Q, and to do so in a way that will allow it to potentially advance to production more quickly.
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Reducing Environmental Impact
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That’s because Portofino is investigating a cutting-edge “green-tech” process for extracting and processing Yergo’s lithium-rich brines.
The evolution of the “lithium-ion exchange” technology would give production at Yergo an environmentally friendly alternative to the traditional massive evaporation ponds required to process brine-hosted lithium.
In an era with communities becoming increasingly sensitive to expansive resource projects, this cost-effective technology should speed permit approvals and reduce the carbon footprint dramatically.
The next step at Yergo is to drill the most promising target areas identified on the project, work that should begin in the next few weeks.
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If this program produces evidence of a lithium brine resource with scale and grades similar to 3Q, it could have an explosive impact on Portofino’s share price.
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Add in the longer-term potential of Allison Lake, a hard-rock lithium property the company recently acquired in Ontario, and you have one of the sector’s more exciting, exploration-stage speculations.
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The Lithium Play With A Huge Gold Kicker
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And, as mentioned, that great lithium story is backstopped by an intriguing gold story.
Portofino’s gold portfolio includes five projects — two in Ontario’s prolific Red Lake district and three in the rapidly growing Atikokan mining district.
The two most advanced of these are South of Otter in Red Lake and Gold Greek in Atikokan.
South of Otter lies just 9 kilometers from Great Bear Resources’ Dixie resource, which has become the biggest gold discovery of this cycle.
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Portofino is following Great Bear’s lead at South of Otter and using SGH soil-sampling methods to identify potential targets under the thick overburden that covers this region.
That method was integral for Great Bear’s outstanding discovery of what appears to be a multi-multi-million-ounce, high-grade gold deposit in an area that had been overlooked because of the challenges that overburden presented.
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The opportunity at South of Otter is nothing less than the chance for Portofino to use those same methods to find the Red Lake district’s next major Dixie-like discovery.
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And while it moves that project forward, Portofino has plans for the Gold Creek project, where drilling will be ongoing and chasing high-grade targets identified in surface work.
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With more potentially market-moving assays from Gold Creek…work set to start again at Yergo…and the longer-term possibilities at South of Otter, Portofino Resources is set up for an exciting second half of 2021.
The EV trend is in full upswing and gold has recently found its sea legs again, thanks to an economy that is increasingly primed to run hot.
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Individually, these trends each offer powerful reasons to consider adding Portofino Resources to your portfolio.
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Together — with a gold-backstopped lithium play — investors have a high-potential way to ride the two most powerful trends of this metals cycle.
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CLICK HERE
To Learn More about Portofino Resources
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