Portal Resources Ltd.

Portal Resources Ltd.

November 02, 2006 09:00 ET

Portal Starts Drilling Copper-Gold Porphyry Targets at Anchoris

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2006) - Portal Resources Ltd. (TSX VENTURE:PDO) is pleased to announce commencement of a Phase 1 drilling program at the Anchoris copper-gold porphyry project in Mendoza Province, Argentina.

The Phase I drill program will consist of 2500 meters of reverse circulation drilling on the La Totora, La Julia and San Pedro zones to depths of 400-500 meters. A Phase II program of 6000-7000 meters to follow up results of Phase I program is planned to commence upon receipt of appropriate exploration permits.

Exploration on the project has outlined three large copper gold porphyry systems at La Julia, San Pedro and La Totora along an eight-kilometer strike length with widths of 400-1000 meters. Previous exploration consists of geological mapping, sampling, 89 kilometers of pole-dipole IP, 100 kilometers of gradient IP, and wide spaced drilling in 1998 and 2002 by BHP and RTZ. Rock exposures are limited and the area is extensively covered by a thin layer of basalt flows and sand cover. Previous drilling on the fringe of the porphyry zones produced long intercepts of phyllic and potassic altered porphyry intrusive from 52-300 meters in length grading from 0.15-0.36% copper and 0.05-0.2 g/tonne gold.

Sampling procedure is to prepare and seal two splits from the reverse circulation cuttings at the drill pad. One is stored at the project site in a secure location for reference with the other collected from the site by Alex Stewart Argentina S.A., a subsidiary of the international laboratory Alex Stewart (Assayers) Limited and transported to their laboratory in Mendoza for analysis. Samples are analyzed by fire assay for gold, and multi-element ICP for copper, silver and trace elements. All work on the project is carried out by competent geological staff under the direction of senior staff and Mr. Gary Nordin P.Geo. British Columbia, the designated Qualified Person for the Anchoris project in accordance with National Instrument 43-101.

"Portal Resources is very pleased to be starting drilling on these strongly altered and well mineralized targets within this very large copper-gold porphyry system," stated Bruce Winfield, Portal's President and CEO.


Bruce Winfield, President & CEO

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein.

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