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    Investors Dig into Portage Gains

    Investors Dig into Portage Gains

    Portage Resources Inc. (PINK: POTG), a development-stage mining company focused on setting up operations in Peru, on Wednesday announced that its wholly owned subsidiary, Portage Minerals S.A., signed a Letter of Intent (LOI) under which it will acquire Rocas #2 project in the Chiquian district.

    Portage Minerals expects to complete the acquisition of the property by the end of next month. The company said that the time frame allotted to complete the acquisition will give Portage Minerals enough time to conduct all due diligence.

    The Rocas #2 concession is spread over an area totaling 200 hectares and is surrounded by around 3000 hectares of mining properties controlled by BHP. The concession is situated 36 km west of the great Antimina/Pierina project.

    Portage said that initial surface lab results have shown great potential. Portage said that although the gold is lower in grade, it is high in volume.

    Portage president and CEO said that the opportunity to potentially add another property in the fertile area may be another success story for the company.

    Portage shares are marginally higher in today’s trading. Portage shares are currently trading 20% higher at $0.25, with volume up from daily average of 4.19 million to 5.24 million.

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