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Lido Minerals Ltd.
Summary
| Project: | Nimpkish | |
|---|---|---|
| Deposit: | Nimpkish | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold-Iron | |
| Date: | 3/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2020: Lido Minerals Ltd. announces a Supporting Acquisition report for its Nimpkish deposit at the Nimpkish project. Summary of property in support of acquisition. The Nimpkish property (the "Property") is located in the northeastern part of Vancouver | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Agnes M. Koffyberg (Discovery Consultants) | |
| ABSTRACT: | The Nimpkish property (the "Property") is located in the northeastern part of Vancouver Island in British Columbia, approximately 337 km northwest of Victoria, BC, and 24 km south of the city of Port McNeill. The Property consists of one mineral claim and covers an area of 1,422 hectares. Situated east of Nimpkish Lake, the Property can be reached via Highway 19, which is the main highway connecting the northeastern communities on the island to Victoria. Lido Minerals Ltd. ("Lido Minerals") entered into a share purchase and sale agreement made effective on February 20, 2020 (the “Share Purchase and Sale Agreement”), and completed the purchase of all of the issued and outstanding Class A common shares of Pacific West Exploration Services Inc (“Pacific West”) from Pacific West’s shareholders on February 26, 2020. On closing the transaction under the agreement, Lido Minerals issued an aggregate of 2,000,000 Lido Minerals common shares to the Pacific West shareholders to acquire all of the issued and outstanding shares of Pacific West, and Pacific West became a wholly owned subsidiary of Lido Minerals. | |
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