Portage Resources Inc. Announces the Appointment of Geologist Elias Garate as V.P. of Exploration
LIMA, Peru, June 20, 2011 /PRNewswire/ — Portage Resources Inc. (“Portage” or the “Company”) (POTG-OTCQB) announced today that Geologist Elias Garate has been added to the company’s management team. Mr. Garate’s responsibilities will include acting as the V.P. of Exploration and he will also serve as a Director of the company. Mr. Garate is a Geologist with vast experience that has held numerous key positions in exploration and mining companies. Elias Garate led 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. Mr. Garate’s experience includes operational management in underground and open pit mining. Further, Mr. Garate has held executive positions with Andean American, Goldmarca and Minera Colibri. He also was in charge of the drilling exploration program at El Misti Gold which cubicated 450,000 Oz Au in the prospect called Santa Rosa operation. In 2006, the project concluded with the extraction of these resources.
Portage Resources inc. President and CEO Paul Luna was delighted to add, “The addition of a well respected geologist such as Mr. Garate is enormous to the development of our company. I am ecstatic that Elias has chosen Portage, this is a very meaningful day for Portage. This is a pivotal strategic move to our future success.”
About Portage Resources Inc.
Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc plans to recognize, and acquire near-term production mining properties, The Portage Resources Inc seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.
Symbol: OTCQB – POTG
FORWARD-LOOKING STATEMENTS: “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company’s business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company’s business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company’s Securities and Exchange Commission filings under “risk factors” and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements
For more information:
Paul Luna Belfiore
011 511 7335100
SOURCE Portage Resources Inc.