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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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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Monday March 15, 11:56Bionomics to present at Ultimate Healthcare & Biotechnology Event, March 24

Deborah Rathjen, CEO of Bionomics, recommended by UK Investment Reseach house Edison Investment Research, "our new valuation for BNO is at 55 cents" will present in Sydney.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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, June 23, 2009

Lydian begins drilling program at Amulsar gold discovery in Armenia

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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."

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