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Market: TSX
Sector: Gold Mining
Epic: LYD
News: Latest news
Web Site: Lydian International
Other Articles: 17-08-201010-08-201004-08-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Lydian International

Lydian International

Lydian International Ltd. is a mineral exploration and development company, with expertise employing “first mover” strategies in emerging environments. The probability of discovering large, world-class projects is higher in prospective, newly emergent and transitional environments. Lydian is positioned to leverage and manage emerging environment exploration opportunities. Currently the company is focused on Eastern Europe. Lydian has developed a diversified portfolio of highly prospective precious and base metal projects at the early and advanced exploration development stage. Lydian’s flagship projects include a gold project at Amulsar in Armenia, and a zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.

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Tuesday, March 31, 2009

Lydian says heap leach study for Amulsar gold discovery, Armenia, suggests low costs

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Mineral exploration and development company Lydian International Ltd said a preliminary scoping level design study of a heap leach facility for its Amulsar gold discovery in Armenia suggests low capital and treatment costs.

The study assumed a 1 million ounces resource and an ore grade of 1 gram per ton with recoveries of 94 percent, in keeping with the latest NI-43101 compliant resource estimate and results of metallurgical testing by SGS Lakefield.

The study estimates capital costs of US$45.9 million and US$1.55/ton process facility operating costs in the Run-of-Mine scenario and capital costs of US$102.4 milion and US$2.44/ton process facility operating costs in the Crush Screen scenario.

Tim Coughlin, Lydian's President and CEO commented: "We are pleased with the results of this preliminary analysis which suggest low capital and treatment costs at Amulsar. This is due primarily to ease of access and excellent infrastructure. The project is located adjacent to the main highway some 240km south of Armenia's capital Yerevan. This main artery provides ready access to high-tension power lines, natural gas and water.

“Further metallurgical testing will be conducted this year to better ascertain recoveries and to test potential for run of mine treatment,” he added.

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