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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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Friday, November 06, 2009

Lydian International raises C$2.2 mln, mainly from Macquarie Bank private placing

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Mineral exploration and development company Lydian International Ltd (TSX: LYD) said it has completed a private placement with Macquarie Bank Ltd of 3.33 million shares at C$0.60 each, raising C$2 million before expenses.

Lydian has also placed a further 330,000 shares at the same price, raising approximately C$200,000 before expenses.

The money will be used for continued exploration of the company's mineral properties and for general working capital purposes.

Incorporated in Jersey, the company is focused on Eastern Europe developing advanced precious and base metal assets in Armenia and in Kosovo.

The two main projects are gold at Amulsar in Armenia, and zinc, lead, silver and gold at Drazhnje in Kosovo. Lydian also has a pipeline of promising gold and base metal exploration projects in the Balkans region, and operates a 50/50 gold and copper exploration joint venture with Newmont Mining Corp (NYSE: NEM) unit Newmont Overseas Exploration Ltd in the south Caucasus region including Amulsar.

The company's two largest shareholders are Newmont Mineral Holdings BV and the International Finance Corporation (IFC), a member of the World Bank Group.

In September announced the results of an NI 43-101 compliant inferred resource estimate for the Drazhnje project in Kosovo, showing 3.21 million tonnes grading 2.51 percent lead and 5.11 percent zinc.

This resource estimate is preliminary and remains open immediately at depth in the Main Zone and with additional tonnage likely at depth and along strike in the Eastern Zone and at the St George and St Barbara adit areas. Further lead-zinc and oxide gold exploration potential is also evident at surface.

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