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Portofino Amends South of Otter, Red Lake Agreement

Portofino Amends South of Otter, Red Lake Agreement

波托菲诺修订《水獭以南、红湖协议》
newsfile ·  02/02 06:47

Vancouver, British Columbia--(Newsfile Corp. - February 1, 2024) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTCQB: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that it has executed an amending agreement with EMX Royalty Corp., the underlying claim owner of the South of Otter, Red Lake, Ontario gold project. The Agreement allows the Company to exercise its right to earn a 100% interest in the project by making the final cash payment of $25,000 based on 50% in shares (by Feb 05th) and 50% in cash (by Feb 28th).

不列颠哥伦比亚省温哥华--(Newsfile Corp.-2024 年 2 月 1 日)- 波托菲诺资源公司(TSXV: POR) (OTCQB: POR) (FSE: POTA) (”波托菲诺“或者”公司“)宣布已与安大略省红湖奥特南部黄金项目的潜在索赔所有者EMX Royalty Corp. 签署了修正协议。该协议允许公司根据50%的股份支付最后的25,000美元现金,行使获得该项目100%权益的权利(截至2月5日)第四) 和 50% 的现金(2 月 28 日之前)第四)。

Based on the previous 30-day volume weighted average price for Portofino shares, 176,056 shares are to be issued at a value of $.071 per share. Following this final payment, the Company will own 100% interest in the South of Otter claims, subject to a 1.5% NSR.

根据波托菲诺股票之前的30天成交量加权平均价格,将发行176,056股股票,每股价值0.071美元。在最后一笔付款后,公司将拥有水獭之南索赔的100%权益,但须缴纳1.5%的NSR。

Background
In November 2019, Portofino entered into an option agreement that provided the Company with the right to earn a 100% interest in the project by making cash payments totaling $70,000 and issuing 500,000 shares over four years. All payments, other than the final $25,000 have previously been completed.

背景
2019年11月,波托菲诺签订了一项期权协议,规定公司有权通过支付总额为7万美元的现金支付并在四年内发行50万股股票来获得该项目的100%权益。除最后的25,000美元外,所有付款都已完成。

The South of Otter project is located approximately 40 kilometres southeast of the town of Red Lake, Ontario and only 8 kilometers from the Great Bear Resources project which was acquired for $1.8 Billion by Kinross Gold. The Property contains excellent targets for both Red Lake-style gold mineralization as well as gold-bearing base metal prospects. Previous work completed by Portofino includes mapping, geochemical soil sampling, trench sampling and airborne geophysical surveying. In addition, drill targets have been identified.

水獭之南项目位于安大略省红湖镇东南约40公里处,距离Kinross Gold以18亿美元收购的大熊资源项目仅8公里。该地产包含红湖式金矿化以及含金贱金属前景的绝佳目标。波托菲诺先前完成的工作包括测绘、地球化学土壤取样、沟槽采样和航空地球物理测量。此外,已经确定了钻探目标。

The amended terms and share issuance are subject to approval of the TSX Venture Exchange.

修订后的条款和股票发行须经多伦多证券交易所风险交易所批准。

Qualified Person

合格人员

The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person ("QP") as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

本新闻稿的技术内容已由P.Geo的Mike Kilbourne审查和批准,他是美国国家仪器43-101《矿业项目披露标准》中定义的合格人士(“QP”)。

About Portofino Resources Inc.

关于波托菲诺资源公司

Portofino is a Vancouver, Canada-based company focused on exploring and developing mineral resource projects in the Americas. Portofino has executed an agreement with Lithium Chile Inc. to explore and develop the Arizaro Lithium Project located in Salta, Argentina and additionally maintains a 100% interest in the (drill ready) Yergo Lithium Project in Catamarca. Both projects are situated in the heart of the world-renowned Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects.

Portofino是一家总部位于加拿大温哥华的公司,专注于在美洲勘探和开发矿产资源项目。波托菲诺已与智利锂业公司签订协议,勘探和开发位于阿根廷萨尔塔的Arizaro锂项目,此外还保留了卡塔马卡(钻探就绪)Yergo锂项目的100%权益。这两个项目都位于举世闻名的阿根廷锂三角的中心地带,紧邻多个世界一流的锂项目。

The Company also has the right to earn 100% interest in three pegmatite lithium projects and five gold projects located within northwestern Ontario.

该公司还有权获得位于安大略省西北部的三个伟晶岩锂项目和五个黄金项目的100%权益。

ON BEHALF OF THE BOARD

代表董事会

"David G. Tafel"

“David G. Tafel”

Chief Executive Officer

首席执行官

For Further Information Contact:

欲了解更多信息,请联系:

David Tafel CEO, Director 604-683-1991

大卫·塔菲尔首席执行官兼董事 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.

多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future business plans. Forward-looking information in this news release is based on certain assumptions and expected future events, namely the growth and development of the Company's business as currently anticipated. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

本新闻稿包含适用证券法所指的 “前瞻性陈述”。此处包含的所有不明确的历史陈述均可能构成前瞻性陈述。通常,此类前瞻性信息或前瞻性陈述可以通过使用前瞻性术语来识别,例如 “计划”、“预期” 或 “不预期”、“预算”、“预期”、“估计”、“打算”、“预期” 或 “不相信”,或此类词语和短语的变体或可能包含某些行为、事件或结果 “可能” 的陈述, “可以”, “将”, “可能” 或 “将被采取”, “将继续”, “将发生” 或 “将实现”.此处包含的前瞻性信息和前瞻性陈述包括但不限于有关公司未来业务计划的陈述。本新闻稿中的前瞻性信息基于某些假设和预期的未来事件,即公司业务的当前预期增长和发展。这些陈述涉及已知和未知的风险、不确定性和其他因素,可能导致实际结果、业绩或成就与此类声明所表达或暗示的结果存在重大差异。请读者注意,上述清单并不详尽。还提醒读者不要过分依赖前瞻性陈述,因为无法保证这些陈述所依据的计划、意图或预期会实现。尽管管理层在编制时认为此类信息是合理的,但可能被证明是不正确的,实际结果可能与预期的结果存在重大差异。本新闻稿中包含的前瞻性陈述受本警示声明的明确限制,反映了公司截至本新闻稿发布之日的预期,此后可能会发生变化。除非适用法律要求,否则公司没有义务更新或修改任何前瞻性陈述,无论是由于新的信息、估计或观点、未来事件或业绩还是其他原因,也没有义务解释后续实际事件与此类前瞻性信息之间的任何实质性区别。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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