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Lida Resources Inc.

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Summary

Project:

San Vicente

Deposit:San Vicente
Location:Peru
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:11/27/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-11-2019: Lida Resources Inc. announces an Exploration/Drilling Update report for its San Vicente deposit at the San Vicente project. Technical summary of property. At the request of Leonard De Melt, President & CEO of Lida Resources Inc. ("Lida Resourc
Resources:x
CP/QP:[Overall Report]: George C. Sharpe (Independent)
ABSTRACT:At the request of Leonard De Melt, President & CEO of Lida Resources Inc. ("Lida Resources"), George C. Sharpe, Mineral Exploration Services of Regina, Saskatchewan, has completed a 43-101 technical report on the San Vicente property. This report presents a technical summary of the San Vicente property that is wholly owned by Imperium Mining SAC ("Imperium"), a Peruvian company owned by Lida Resources, and is located in the department of La Libertad, Northern Peru. The report presents the geological context and potential of the property. This report, originally written in 2011, was reviewed and updated by this author in November and December of 2017 following a site visit to the San Vicente property. All known technical data has been made available to the author for preparing this report. The conclusion and recommendations set by the author in this report are based on the site visit, the previous report and the interpretation of data acquired from 2011 exploration results (no detailed exploration had taken place prior 2011). When the author visited the property on October 27, 2017, several mineralized exposures on surface and adjacent to the exploration drifts were examined. The author also walked over the property and saw areas where oxide and sulphide mineralization was visible on surface. The author has more than 25 years of experience in global mining exploration, of which parts of the years 2012 and 2017 have been spent working in Peru.

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