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New Listing: Lido Minerals (CSE:LIDO)

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Through the company’s wholly-owned subsidiary, Pacific West, the company has an option to acquire a 100% interest in the Nimpkish Property, which is located on the northeastern part of Vancouver Island in British Columbia, approximately 337 km northwest of Victoria, British Columbia, and 24 km south of the city of Port McNeill.

Additional Information:

Company: Lido Minerals
Website: http://www.LidoMinerals.com
Stock Symbol: CSE: LIDO
Date Published: Jul 31, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Lido Minerals is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “LIDO”.

Through the company’s wholly-owned subsidiary, Pacific West, the company has an option to acquire a 100% interest in the Nimpkish Property, which is located on the northeastern part of Vancouver Island in British Columbia, approximately 337 km northwest of Victoria, British Columbia, and 24 km south of the city of Port McNeill.

To successfully exercise the option, the company made a cash payment of $30,000 and must incur exploration expenditures of $425,000 on or before December 31, 2023.

The property has primarily been explored by prospecting, beginning in the early 1930s; and further prospecting and rock sampling between 1996 to 2006, and again in 2000.

The property is host to copper-zinc-silver mineralization associated with a skarn-type or a
replacement-type deposit, located at the limestone-volcanic-intrusive contacts.

A helicopter-borne magnetic gradiometer survey was carried out by Ridgeline Exploration
Services Inc, in May 2019, which highlighted multiple magnetic features on the property, outlining two main areas of pronounced magnetic highs within the property.

As at June 30, 2020, the company had working capital of approximately $2,450,000, and has budgeted $105,000 for a Phase 1 exploration program.

The shares are currently bid at $0.10 and offered at $0.25 with no trades.

For more information, please visit the company’s website www.LidoMinerals.com, contact
Paul Ténière, CEO, at 778-549-6714 or by email at info@LidoMinerals.com.

I’m Cassandra Bolinski for Investmentpitch Media