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18/11/2011

Lydian Intl says its Amulsar gold project will be a big part of the Armenian economy

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Market: TSX
Sector: General Mining - Gold
EPIC: LYD
Latest Price: C$2.14  (-2.28% Descending)
52-week High: C$3.09
52-week Low: C$1.96
Market Cap: C$264.21M
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Lydian International
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.

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Lydian kicks off 2011 drilling programme at Amulsar; targets high grade gold zones and resource upgrade

28th Apr 2011, 1:50 pm by Giles Gwinnett The planned 30.000m drilling programme at Amulsar started yesterday, revealed the firm

Lydian International Ltd (TSE:LYD) has kicked off its 2011 drilling programme at Amulsar, targeting high grade gold zones adjacent to the current shell.

The company also hopes to convert existing inferred ounzes at the project in Armenia into the indicated category.

The planned 30.000m drilling programme at Amulsar started yesterday, revealed the firm.

In a statement, Lydian said: "Initial exploration drill holes have been positioned to target surface soil and rock chip anomalies located approximately 1 kilometer to the south west of the current resource shell at Amulsar.

"Surface geochemical sampling and previous scout drilling has identified an area of gold anomalism covering approximately 9 square kilometers.

"Only approximately one third of this area occurs within the current resource shell, meaning that significant further resource potential remains to be tested elsewhere within the immediate vicinity.

"A principle aim of the 2011 drilling program is to drill test these prospective areas and to identify new resource ounces."

Amulsar is a high-sulfidation style gold project discovered by the company's geologists in 2006.

The latest resource comprises 32.4 million tonnes at 1.1 grams per ton gold for 1.1 million ounces of indicated resources and 48.3 Mt at 0.9 g/t Au for 1.4 million ounces of inferred resources.

This comprises a total of 2.0 million ounces gold from the contiguous Tigranes and Artavasdes areas and the first estimate of 0.5 million ounces in inferred resources from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes.

Lydian also announced that the 2011 drill program will also aim to further target high-grade gold mineralized zones from within and in resource extension areas adjacent to the current resource shell at Amulsar and to convert existing inferred resource ounces into the indicated category.

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