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's Amulsar Discovery delivers more excellent results
Amulsar is a high-sulphidation type epithermal gold project first discovered by Lydian International in 2006. The Company is currently in the process of a 20,000 metre reverse circulation and diamond drilling campaign. The project falls under a 50/50 joint venture with a subsidiary of Newmont Mining (NYSE: NEM).
Lydian released assay results from 19 diamond and reverse circulation drill holes, from the Tigranes area, in total. Highlights included 106 metres at 2.3 grams per tonne gold, including an impressive high grade intersect of 21 metres at 9.7 grams per tonne gold from drill hole RCA-038. The hole ended in mineralisation, opening up the potential of further mineralisation at depth.
Other noteworthy intersects included 67 metres at 3.6 grams per tonne gold from RCA-043, 89 metres grading 1 gram per tonne gold from RCA-044, 66 metres at 1.1 gram per tonne gold in DDA-042 and 44 metres at 1 gram per tonne gold in DDA-017. Holes 043, 044 and 042 all included higher grade zones.
"Drill hole RCA-38 was collared on the same pad as diamond drill hole DDA-7 which returned 63m at 1.1g/t gold, but returned the best intersection yet from the project" said Tim Coughlin, Lydian's President and CEO. "Hole RCA-38 actually stopped in gold grade indicating continuity at depth. Drill hole DDA-17 is also an important hole; it has intersected gold mineralisation in an area near the Artavasdes prospect opening up further potential towards the southeast. Step-out drilling on the Artavasdes target and on other targets located to the north and south of Tigranes is now complete. These results are eagerly awaited since any indication of gold from these areas will significantly increase the size potential of Amulsar."
If Lydian International keeps returning drill results of this grade and width, the share price will be heading far higher. Readers may also wish to read a Lydian International press release on 13 August 2008, which highlighted excellent preliminary metallurgical test work completed on samples from the Amulsar Discovery.
