In December, 2021 Portofino executed an agreement to acquire the Greenheart Lake Lithium Property (“GL”) and the McNamara Lake Lithium Property (“ML”). The GL Property comprises 3 claims (60 cells) totaling approximately 1,200 hectares. The ML Property comprises 3 claims (56 cells) totaling approximately 1,120 hectares. Both properties are strategically located in the Balmoral and McNamara Lake areas of northwestern Ontario within 15km of the town of Ignace and are accessible by well-established logging roads just off the Trans Canada highway.
Each property occurs proximal to a triple junction of three terrane boundaries: the Wabigoon, East Wabigoon and Winnipeg River. Terrane boundaries are important geological settings for lithium and rare metal pegmatites. The GL Property lies 10km southeast of International Lithium’s Raleigh Lake lithium project and 15km northwest of Grid Metals Campus Creek lithium and rare metal recent discovery where initial grab samples returned up to 4.35% Li2O.
The ML Property lies just 5km south of Grid Metals Campus Creek property.
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View Greenheart Lake (GL) and McNamara Lake (ML) properties claim locations