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Market: TSX
Sector: Gold Mining
Epic: .LYD
News: Latest news
Web Site: Lydian International
Other Articles: 01-03-201018-01-201024-11-2009

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Friday March 12, 09:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Lydian International

Lydian International

Lydian International Ltd. is a diversified UK mineral exploration and development company, with expertise employing “first mover” strategies in international emerging environments.

Currently the Company is focused on Eastern Europe in the Western Balkans and the Caucasus regions, advancing a pipeline of highly prospective precious and base metal projects. In the Caucasus region Lydian is operating an exploration joint venture with Newmont Overseas Exploration Ltd. a subsidiary of Newmont Mining Corporation.

The Company's two flagship projects are a newly discovered gold project at Armulsar in Armenia, and an advanced zinc, lead, silver and gold project at Drazhnje in Kosovo.

Lydian's two largest share holders are Newmont Mining Corporation and the International Finance Corporation (part of the World Bank Group).

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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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