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Quiruvilca Mine ASSET
ASSET DESCRIPTION
ASSET DESCRIPTION
Overview
Contained Material
Operations
Fleet
Energy
Economics
Access to Property
ASSET NAME
Quiruvilca Mine
ASSET TYPE
Development
Development METALS & MINERALS
Copper, Gold, Lead, Silver, Zinc
SPECIFIC LOCATION
Quiruvilca, Peru
CURRENT ASSET STATUS
  • Bulk sampling
  • Drilling
  • Past Producing Mine
REFERENCE OR DISTRICT NAME
Agallpampa, Province of Otuzco.
NAME OF BELT
Tertiary Volcanic Belt of the Western Cordillera
CURRENT ASSET STATUS NOTES

Quiruvilca is one of Peru's oldest mines with mineralization first reported in the area in 1789. Mining at a corporate level started in 1907 and more or less until 1930 or so. The Quiruvilca Mine has been in continuous operation since about 1940 until 2018 and was initially, focused on the silver-bearing veins on the property. In 1967, the mill started to treat complex ores producing silver, lead and zinc concentrate. In 1995, Pan American acquired an 80% interest in the Quiruvilca Mine and increased their interest to 99.7% by 1996.

The workings are extensive, spread out over a wide area, in many veins. Currently, grades run at about 150 g/t silver, 4% zinc, 1.5% lead and 0.5% copper. Stoping has taken place in, reportedly, 60 places. Considering the 1,725 tons/per/day that the mine can process, that is a lot of small stopes! The underground working places are accessed by several adits/ramps and one shaft. Ore is moved to surface, primarily, by one long conveyor belt system but also supplemented by rail movement from ore passes plus skip-hoisted ore.

The Quiruvilca deposits are in layered volcanic rocks of the Miocene Calipuy Formation which includes andesite and minor basalt flows. The Calipuy formations have an estimated thickness in excess of 2,000m. Intrusive rocks include andesite stocks and dykes. The ore zones have four distinct zones. Ores in the central part of the district are mesothermal and are dominated by enargite. The mesothermal deposits grade outward to the epithermal deposits. Lewis (1956) described the various zones in some detail. The inner zone is called the Enargite Zone and, in the past, encompassed the major part of the Quiruvilca Mine. Little mining is done in that zone today. Minerals associated with the enargite in this zone are pyrite tennantite, wurtzite, sphalerite, chalcopyrite, orpiment, galena and rare hutcinsonite. The second zone outwards is the Transition Zone which is up to 1,400m wide. Its dominant ore mineral is sphalerite with pyrite and tennatite-tetrahedrite. Other sulphides include chalcopyrite, galena, marcasite, arsenopyrite, covellite and wurtzite. Gangue minerals are mostly massive quartz and occasional rhodochrosite and calcite. The third zone outward is the epithermal Lead-Zinc Zone characterized by sphalerite and galena accompanied by pyrite, chalcopyrite, tetrahedrite-tennantite, marcasite, arsenopyrite and gratonite. Gangue minerals in the lead zinc zone are quartz, dolomite, rhodochrosite and calcite. The outermost zone is the Stibnite zone. In addition to stibnite, the other minerals there are arsenopyrite, pyrite, sphalerite, galena, chalcopyrite and arsenic.

OWNERSHIP STRUCTURE
COMPANY NAMESTAKE %NOTES
LIDA Resources 100
June 30, 2020: Lida Resources Inc. (CSE: LIDA) entered into two agreements to acquire 400 hectares which encompass the Quiruvilca mine. While several million has been spent on this property, the total acquisition cost to the Company was USD $200,000 with no further obligations.
ASSET ACTIVITIES
ACTIVITYSTART DATEEND DATEPROGRESS
HISTORICAL OWNERSHIP
OWNERSHIPFROMTOCOMMENT
Quiruvilca Mine was acquired onJun 30, 2020Aug 2, 2020
Lida Resources announces that it has entered into two agreements to acquire 400 hectares which encompass the Quiruvilca mine. While several million has been spent on this property, the total acquisition cost to the Company was USD $200,000 with no further obligations.
Quiruvilca Mine was acquired onJan 1, 1995Jan 1, 2000
In 1995, Pan American acquired an 80% interest in the Quiruvilca Mine and increased their interest to 99.7% by 1996.
MINERAL RESOURCES AND RESERVES
Mineral Resources: NI 43-101
MetalMeasuredIndicatedInferredAttributable interests
TonnageGradeContainedCutOffTonnageGradeContainedCutOffTonnageGradeContainedContained
Copper 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0
Gold 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0
Lead 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0
Silver 0 k mt 0 g/t 0 m oz 0 g/t 0 k mt 0 g/t 0 m oz 0 g/t 0 k mt 0 g/t 0 m oz 0
Zinc 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0
Mineral Reserves: NI 43-101
MetalProvenProbableAttributable interests
TonnageGradeContainedCutOffTonnageGradeContainedCutOffContained
Copper 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0
Gold 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0 g/t 0
Lead 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0
Silver 0 k mt 0 g/t 0 m oz 0 g/t 0 k mt 0 g/t 0 m oz 0 g/t 0
Zinc 0 k mt 0 % 0 m lbs 0 % 0 k mt 0 % 0 m lbs 0 % 0
TOTAL CASH COST PER GOLD OUNCE
Amount in millionsMiningProcessingAdminRoyaltiesTotal%
Fuel000000 %
Maintenance000000 %
Labour000000 %
Insurance000000 %
Royalities000000 %
Reagents000000 %
Explosives000000 %
Contractors/consultants000000 %
Other*000000 %
Total US$ millions000000 %
PRODUCTION
PRODUCTION CYCLE Annual 2026 Experiences Expectations
2025 Q1 Q2 Q3 Q4 2026 5 Year Avg Remaining LOM
00000000Capital Expenditures13
00000000Ore Tons Mined23
00000000Mill Feed - Ore Tons Processed33
00000000Copper (m lbs) Produced762
00000000Gold (k oz) Produced792
00000000Lead (m lbs) Produced822
00000000Silver (m oz) Produced932
00000000Zinc (m lbs) Produced1002
00000000Copper (m lbs) Sold761
00000000Gold (k oz) Sold791
00000000Lead (m lbs) Sold821
00000000Silver (m oz) Sold931
00000000Zinc (m lbs) Sold1001
00000000Copper Recovery (%)764
00000000Gold Recovery (%)794
00000000Lead Recovery (%)824
00000000Silver Recovery (%)934
00000000Zinc Recovery (%)1004
00000000Cash Operating Cost43
00000000All - in Sustaining Costs53
00000000Strip Ratio – Waste:Ore63
ARTICULATED HAULERS
US METRIC
TRUCKSNo. OF TRUCKSNET POWER (HP)LOAD CAPACITY (tons)
MINING TRUCKS
US METRIC
TRUCKSNo. OF TRUCKSNET POWER (HP)LOAD CAPACITY (tons)
POWER DEMAND
ENERGY SOURCEENERGY TYPEAVAILABLE POWER (MW)US$ PER KWHCONTRACT #EXPIRATION DATE
POWER AND ENGINEERING
Power Usage: total MWh per year
Peak power demand MW
Environmental Impact Assessment, man hours
Engineering firms
Local firms
AFTER TAX & ROYALTY NET PRESENT VALUE
Initial Capital Cost Operating Expenses NVP Discount RatePayback periodAfter tax IRRCopper (lbs)Gold (oz)Lead (lbs)Silver (oz)Zinc (lbs)
Date of Assessment
Sep 25, 2026
ACCESS TO PROPERTY
ROAD ACCESS
  • Year-round access
AIRPORT ACCESS
  • Private airstrip
  • Commercial airport
AIRPORT NAME
ESTIMATED TRAVEL TIME
SITE VISIT AVAILABILITY

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