Property Overview Red Lake, Ontario Property Summary The Bruce - - PowerPoint PPT Presentation

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Property Overview Red Lake, Ontario Property Summary The Bruce - - PowerPoint PPT Presentation

Bruce Lake Property Overview Red Lake, Ontario Property Summary The Bruce Lake Property comprises 5 mining claims containing 72 contiguous cell units and covers approximately 1,486 hectares (3,627 acres) The Property is strategically


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Bruce Lake Property Overview Red Lake, Ontario

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Property Summary

➢ The Bruce Lake Property comprises 5 mining claims containing 72 contiguous cell units and covers approximately 1,486 hectares (3,627 acres) ➢ The Property is strategically located just east of Ontario Highway 105 with nearby power and natural gas lines. ➢ The claims are contained within the Birch-Uchi-Confederation Lakes greenstone belt which hosts the world-renowned Red Lake high-grade gold mines just 45 km north west of the Property ➢ The prolific Dixie Project boundary currently being drilled by Great Bear Resources Ltd. (“GBR”) is only 11km northwest of the Bruce Lake Property. Their Pakwash Property lies only 1.5km southwest of the Bruce Lake Property. ➢ Reconnaissance MMI soil sampling by Laurentian Goldfields in 2010 identified anomalous gold-in-soils on the Bruce Lake Property that was recommended for follow-up. ➢ Portofino has so far discovered geophysical anomalies that coincide with the gold-in-soil anomalies, but there has been no drill testing to date of the targets. Portofino intends to test these targets.

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Toronto Ottawa Thunder Bay Kenora Bruce Lake Property

Regional Location

Red Lake North Bay

150 300 km

N

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Northwestern Ontario Precious Metals

Bruce Lake Property

✓ Northwestern Ontario is home to several world-class mineral districts with major deposits and mines including gold and silver plus a diverse portfolio of metals such as nickel, copper, zinc, platinum and palladium, cobalt and iron. ✓ The Red Lake gold district is recognized as one of the world’s highest grade mining camps and has produced approximately 30 million

  • unces of gold from 29 gold
  • mines. The Red Lake gold

mine is an underground gold mining complex, which has been in production since 1949, producing 25 million

  • unces of gold at an average

grade of 20 g/t out of the Red Lake, Cochenour and Campbell mines. ✓ Portofino’s Bruce Lake Property occurs in the same geological belt as Red Lake, located south east of the Red Lake mining camp.

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Location and Property Ownership

Bruce Lake South of Otter

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Bruce Lake Property 1,468 ha.

Local Access

➢ The Bruce Lake Property is close to Highway 105 and nearby natural gas and power lines.

1.25 2.5 km

N

Former Griffith Iron Mine

Hydro Line

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Mafic to ultra-mafic rocks Felsic to intermediate volcanic rocks Mafic to ultra-mafic volcanic rocks Mafic to intermediate volcanic rocks Felsic to intermediate volcanic rocks Metasedimentary rocks Mafic and ultra-mafic rocks Gneissic tonalitic suite Foliated tonalitic suite Muscovite-bearing granitic rocks Massive granite to granodiorite

Lithology Legend Cochenour Mine Red Lake Mine Campbell Mine

Red Lake Gold Camp 41 Moz. gold in Past Production and Current Resources

West Confederation Greenstone Belt

Great Bear Dixie Project BTU Metals TNT Discovery

South of Otter Property Bruce Lake Property

Regional Geology and Structure

N

5 10 km

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Historical Drilling

South of Otter Property Bruce Lake Property

Historical drilling at Great Bear Resources Dixie Project Historical drilling at former Griffith Iron Mine

➢ There has been no historical drilling on the Bruce Lake Property

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Bruce Lake Property

Former Griffith Iron Mine in large magnetic high Anomalous gold-in-soils target area outlined and recommended for follow-up by Laurentian Goldfields 2010 MMI sampling program.

Historical Exploration

Anomalous gold-in-soils MMI sampling over an extension of the Griffith iron formation showing possible magnetite destruction is a favourable area for exploring for BIF (banded iron formation) gold hosted deposits such as the Pickle Lake Gold Camp, Musselwhite and the Geraldton-Beardmore Gold Camp.