Lida Resources Inc. announced that it has entered a Letter of Intent to option the Minas Pampa Project, in La Libertad Region Peru. The LOI encompasses 300 hectares which encompass the optioned property. The Minas Pampa Property is located near the village of Casgabamba within the Sarin district of the Sánchez Carrión Province of the La Libertad Department in northern Peru. The Property is approximately 450 km due north of Lima, the capital of Peru and the coastal city of Trujillo lies 120 km to the west. Huamachuco, the nearest population center, is 18 km north-northwest of the Property. The Minas Pampa Property is situated along the eastern flank of the Western Cordillera (Cordillera Occidental) of the Central Andes Mountains in northern Peru. The Minas Pampa Project hosts primarily epithermal precious metal mineralization within the Cretaceous aged Chimu Formation clastic sedimentary rocks. Numerous past and currently producing epithermal gold and silver mines in the La Libertad Department of Northern Peru are hosted in the Chimu Formation and the other closely associated Lower Cretaceous clastic sedimentary rocks of the Goyllarisquizga Group along with Calipuy Formation volcanics and associated intrusions.