Portofino Resources (TSXV: POR) announced that it has received encouraging soil-gas-hydrocarbons silver-copper-volcanogenic massive sulfides-in-soil results from a focused geochemical survey conducted at its South of Otter property in Ontario.
SGH hydrocarbon signatures detect and analyze hydrocarbon residues produced by the decomposition of naturally occurring bacteria that feed on gold in rock. These residues subsequently migrate to the surface as a flux of different classes of hydrocarbons or decomposition products.
In a press release, Portofino said that the subjective SGH confidence rating for the survey assigned to the anomalies at the Yellow Jacket Trench was 3 on a scale of 6 for silver; 4.5 on a scale of 6 for copper, and 5 on a scale of 6 for VMS.
According to the miner, these results complement a rating of 5.5 on a scale of 6 for gold that was already reported. Confidence ratings begin to be categorized as “good” at 4.
“The limited soil sampling program utilizing the SGH analytical method at the South of Otter property is very encouraging. This methodology for focusing exploration efforts toward those areas of bedrock mineralization in a region of minimal outcrop exposure has worked well for Great Bear Resources at their Dixie project and Portofino at South of Otter,” David Tafel, the company’s CEO, said in the media brief. “In addition, the previously announced positive gold-in-soil results have now been complemented by the silver-copper-VMS-in-soil results.”
The 5,363-hectare South of Otter property is located in the Red Lake Gold Camp of northwestern Ontario, some 8 kilometres east of Great Bear Resources’ Dixie project and contiguous to Dixie Gold’s Red Lake gold project.