Located approximately 40 kilometres (“km”) southeast of the town of Red Lake, Ontario in the South of Otter township and only 8 km east of GBR’s recent Dixie Lake high-grade gold discoveries. GBR has recently reported exciting drill results with mineralized intersections commonly returning bonanza gold grades in association with coarse visible gold grains. GBR hasreported successfully discovering near surface mineralization localized in quartz veins, lithological contacts and favorable host rocks which is localized near a property wide deformation zone.
The Portofino claims with their proximity to the Dixie Project are believed to contain excellent targets for Red Lake-style gold mineralization. Historical work on the claims includes prospecting, sampling and some diamond drilling. The Company believes that the lack of detailed historical work is an opportunity to conduct meaningful programs that may be guided by the successes of neighboring projects. The Company intends to immediately compile all the available assessment work to assist in the planning of its inaugural exploration program.
The greenstone belt rocks of the Property are Archean-age and include metamorphosed mafic volcanic and intrusive units, mixed sedimentary rocks and felsic intrusive units. The dominant structural trend is east-west with near vertical lithological contacts. Gold mineralization within the Red Lake camp can reportedly occur in various rock types and can occur in diverse geological settings ranging from strataform zones to structurally controlled veins.
By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Portofino Resources Inc. and its affiliates and partners.