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TitlePOTG
CountryUnited States
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Description

potg portage resources POTG Portage Resources

 

Corporate Overview

We are a young, determined and dynamic exploration company with a clear objective: find a multi-hundred million ounce resource. We are a focused exploration company currently working on the Wukakuy project. We will differentiate ourselves from our peers with respectful, social responsibility programs to enrich the communities we are involved in. We will market our story creatively, while remaining factual, ethical and honourable and we will operate with frugality to ensure we are investing as much money as possible into the ground to create asset value.

 

 

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Management

Mr. Paul Luna – President / CEO

Mr. Luna is a metallurgical engineer with over 20 years of experience in the mining industry. During the first half of his career, he held several roles including production contracting and negotiating in various countries in South America with a focus on precious metals. In 1996, Mr. Luna was promoted to Executive Director of El Misti Gold working in the acquisitions area, where he was responsible of the Sinchao project (USD$12 Billion in metal content) amalgamation and Santa Rosa project. Mr. Luna then worked for Brazilian Goldfields as Vice-president of Corporate development and was responsible for identifying, evaluating, and negotiating primarily in the Belem gold belt, Brazil. In 2004, he then joined Goldmarca as General Manager in Peru participating at the Condor project drilling program where Goldmarca drilled one of the best intercepts in gold history with 50 Mts. of 18yrs Mr. Luna brings a wealth of management and leadership experience to Portage Resources Inc and will lead the company to acquire exploratory geological operations and mineral assessments. Mr. Luna is fluent in both English, and Spanish.

Mr. Lino Elias Garate – Director, VP of Exploration

Mr. Garate is a Geologist who has held numerous respected postions in exploration and mining operations. He has led Elias exploration teams for El Misti Gold , Minas de Cobre Chapi , Sucahualla , Minera Colibri whose efforts resulted in the development of over 4 mines in Peru . His experience includes operational management in both underground and open pit mining.

He has held executive postions with Andean American, Goldmarca , Minera Colibri. With El Misti Gold he was in charge of the drilling exploration program that cubicated 450,000 Oz Au in the prospect called Sta Rosa. The operation concluded with the extraction of these resources in 2006 

Mr. Oscar Tinoco – Director, Operations

Mr. Tinoco is metallurgical engineer. He has over 35 years of experience in the Peru's and Columbia's mining industries. Mr. Tinoco has been a respected consultant for companies such as Vena Resources, Flsmidth (Colombia) and Corp San Manuel (Peru). He has extensive experience with South American drilling exploration programs. He has worked with companies such as Goldmarca, Vena Resources, Anderson Drilling (Australia). He has participated in the construction of numerous Metallurgical plants from the feasibility study stage until the start and continuous operation 

 

 

Project Overview 

Portage Resources Inc. entered into a letter of intent to acquire 100% working interest in a 600 hectare project called the Wukakuy Property. This Property is located in the Putina District, Department of Puno, southeastern Peru . The property is 116 kilometers north-northeast of the city of Juliaca. 

The property borders the Mina Cecilia, a past Ag-Pb-Zn producer from the same host rocks. Presently, the estimated resources are 50,040,000.00 oz of /Ag/TM from the Bonanza Mineralized Orebody.




Mining in Peru 

Peru is the world’s largest producer of silver, 3rd largest of copper and 5th largest of gold.  Peru is the largest producer of Gold in Latin America.  Gold accounts for a third of Peru’s export revenue.   The vast reserve of Peru’s minerals are regarded to be only 10% explored nationally.  Peru has had one of the best performing financial markets of the last decade.  The Peru Lima broad market had a gain of 1,700% from July 2000 to July 2007.  At a crossroad between two of the world’s fastest growing economies, China and Brazil, the trans-continental highway has opened connecting a number of deep water ports in North Peru with the Port of Manaus on the Amazon.  This highway across the Andes is expected to add more than 1% to GDP facilitating Chinese export from Brazil’s agriculture centers, and replace the Panama Canal as the main passage for trade between those countries.

In addition to growth in the mining sector, new oil and gas projects coming online in the North have positioned the region to exceed the nation over the coming decade.  Like the rest of the world, Peru wasn’t immune from the global recession in 2008.  But the country has been one of the first to recover.  Bloomberg reports that the country came out of recession in 4Q09 with exports up 23.8% in November and imports up 21% 


Corporate Data

Portage Resources Inc is publicly traded on the OTC Bulletin Board.

 

Share Data & Capital Structure

Trading Symbol: POTG
Exchange: OTC Bulletin Board

Capital Structure:

Authorized Capital: 
Issued & Outstanding: 
Restricted: 
Free Trading 
Options Issued
Warrants 




Company Officers

Paul Luna, CEO 
Mr. Lino Elias Garate – Director, VP of Exploration 
Mr. Oscar Tinoco – Director, Operations

 

http://youtu.be/nRgwP75RuWU

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