www.lydianinternational.co.uk
Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings. The Company is currently focussed on developing its Amulsar gold discovery in southern Armenia. The Amulsar project was a new discovery made by Lydian in 2006 and currently hosts a global resource of 3.2M ounces after its resource update in January 2012. This resource update comprises a total of 1.7 million ounces gold in the indicated category and 0.6 million ounces gold in inferred category (using a 0.4g/t cut-off) from the contiguous Tigranes and Artavasdes areas and 0.5 million ounces gold in the indicated category and 0.4 million ounces inferred category from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes. The project remains open in all directions and is currently advancing towards Bankable Feasibility with full production due in the first half of 2014.
Lydian International establishes advisory board for Amulsar gold project
Lydian International (TSE:LYD) has created a new development advisory board for the Amulsar gold project in Armenia.
The advisory board is being established to provide technical expertise as it develops the 1.4 million ounce gold project. Crucially it has hired experienced experts for the advisory board.
Nerses Karamanukyan has been appointed as the chairman of the advisory board. He is currently the chairman of Ardshininvestbank, a large private bank in Armenia.
It has also appointed experienced mining engineer and resource company director Patrick Gorman and Liz Wall, who has previously acted as an advisor to Rio Tinto and the International Finance Corporation (IFC).
“Lydian is extremely privileged to have secured the services of three highly experienced and competent individuals to the newly formed advisory board. They bring a wealth of global and regional experience on key areas of importance for Lydian,” chief executive Tim Coughlin said.
“Their substantial experience will undoubtedly contribute to this new phase of development as the Amulsar project makes the transition through feasibility stage to production.”



















