Canada-based Lida Resources acquires Quiruvilca silver mine in Peru

Lida Resources, a Canadian mineral exploration company, has signed two agreements to acquire 400 hectares which make up the Quiruvilca silver mine in Peru for $200,000.

The Quiruvilca silver mine is located in Quiruvilca District, Santiago de Chuco Province and is six miles south-east of Lida Resources’ San Vincente asset, which is a lead, silver, and zinc deposit.

According to Lida Resources, Quiruvilca has been in continuous operation from about 1940 until 2018 and was focused initially on the silver bearing veins on the property. In 1967, the mill began to treat complex ores producing silver, lead, and zinc concentrate.

In 1995, Pan American purchased a stake of 80% in the Quiruvilca Mine and increased it to 99.7% by 1996.

Len De Melt – CEO of Lida Resources said: “The Quiruvilca Mine is only 6 miles away from the Company’s San Vincente Property and we feel that mineralized zones connect the two properties. I feel that the large near massive sulphide copper rich zone near the bottom of the Quiruvilca mine has excellent potential and I believe this structure had a 2.5km potential that had only a few drill holes into it.

“I believe this combined project would potentially make an excellent exploration/resource build project that could return to mining with some key investment and management.”