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.
Lydian begins drilling program at Amulsar gold discovery in Armenia
Lydian International Ltd (TSX: LYD) said it has begun its 2009 drilling program at the Amulsar gold discovery in Armenia aimed at delineating the extents and reveal the size potential of the gold mineralized system.
It has contracted International Drilling Services for 14,000 metres of combined diamond and reverse circulation drilling.
Drill holes will step out systematically from a centre corresponding to the current 1 million ounces resource and will follow extensions of known surface gold mineralization and corresponding subsurface geophysical anomalies over an area of at least 6 square kilometres.
Lydian was recently granted a 25 year mining license at Amulsar and has now merged existing exploration licenses such that the mining license is surrounded by 113 square kilometres of contiguous exploration licenses.
President and CEO Tim Coughlin said: "Last year's program was designed to define an initial resource and satisfy regulatory requirements leading to the granting of our mining license. Now, following regulatory approval and the successful amalgamation of surrounding exploration licenses, the aim for 2009 is clearly to step out and test the true size potential of this exciting new gold discovery."
Other Lydian International articles
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10/08/10 Lydian gets a lift after reporting new high grade gold zone at 1.4 million ounce Amulsar Project
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30/03/10 Lydian International: rapid progress in two years, plenty more to come
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17/03/10 Lydian International’s Amulsar Gold Project should achieve 90% recoveries
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01/03/10 Lydian International takes full ownership of 1.4 million ounce Amulsar Gold Project
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11/11/09 Lydian International identifies new gold prospect and potential resource at Amulsar project in Armenia
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03/11/09 Lydian heap leach results suggest attractive economics for Amulsar Gold Project
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12/08/09 Lydian cuts wide zone of gold mineralisation 500 meters south of current resource
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17/03/09 Lydian International pushes back the frontiers
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06/01/09 Proactive Investors Talks to Tim Coughlin, President & CEO of Lydian International
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03/11/08 Lydian International's Amulsar Discovery delivers more excellent results
Other Lydian International news
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31/08/10 Lydian results at Amulsar property suggest northwest-southeast gold mineralized corridor
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17/08/10 Lydian’s latest batch of results confirm ongoing potential to upgrade 1.4 million ounce Amulsar Gold Project
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04/08/10 Analysts note Lydian International's recent progress at Amulsar gold project
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03/08/10 Lydian climbs 12% after first batch of assay results from 2010 drill program impress
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29/07/10 Lydian finds a partner to push forward Drazhnje Lead-Zinc-Silver Project
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17/06/10 Lydian commences 2010 drilling to expand 1.4 Moz resource at Amulsar project
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15/04/10 Lydian International completes fundraising, receives over $13 million gross
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07/04/10 Lydian International agrees $10 mln fundraising for Amulsar Gold buy-out
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07/04/10 Lydian International Interview Transcript with Tim Coughlin, President and CEO
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29/03/10 IFC supports Lydian International placing with $1.8 million equity investment
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