{"id":1102975,"date":"2019-03-01T15:06:39","date_gmt":"2019-03-01T15:06:39","guid":{"rendered":"http:\/\/www.mining.com\/?p=974437"},"modified":"2019-03-01T15:06:39","modified_gmt":"2019-03-01T15:06:39","slug":"portofino-executes-agreement-to-acquire-yergo-lithium-project-in-argentina","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1102975","title":{"rendered":"Portofino executes agreement to acquire Yergo lithium project in Argentina"},"content":{"rendered":"

Canada\u2019s Portofino Resources (TSXV: POR) (FSE: POT) executed this week an amended agreement with a private Argentine concession to acquire a 100% interest in the Yergo lithium project in the northwestern Catamarca province.<\/p>\n

\"\"<\/p>\n

The red dots indicate Portofino’s lithium projects in Argentina.<\/p>\n<\/div>\n

In a press release<\/a>, Portofino explained that the 2,932-hectare project encompasses a full salar and is located approximately 30 kilometres south of the company\u2019s 85%-owned Project II, where surface water and auger brine samples averaged 274 mg\/l of lithium. The property is also 20 kilometres south-east of Neo Lithium\u2019s 3Q project.<\/p>\n

To be able to acquire a 100% interest in Yergo, the Vancouver-based miner has agreed to make escalating annual payments to the vendor over a 48-month period totaling $370,000.<\/p>\n

“We are very pleased to have been able to renegotiate a (previously announced) agreement that decreases our acquisition costs and enables us access to a historically unexplored lithium brine salar within the lithium producing province of Catamarca,\u201d David Tafel, Portofino’s CEO, said in the media brief. \u201cThe Yergo location enhances our project portfolio and we intend to commence a surface sampling program during the current Argentine summer period.\u201d<\/p>\n

The post Portofino executes agreement to acquire Yergo lithium project in Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project is located 20 kilometres south-east of Neo Lithium’s 3Q project. <\/p>\n

The post Portofino executes agreement to acquire Yergo lithium project in Argentina<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[405,404,369,1784,440],"tags":[12,25,71,288],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1102975"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1102975"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1102975\/revisions"}],"predecessor-version":[{"id":1103003,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1102975\/revisions\/1103003"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1102975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1102975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1102975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}