Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings. The Company is currently focussed on developing its Amulsar gold discovery in southern Armenia. The Amulsar project was a new discovery made by Lydian in 2006 and currently hosts a global resource of 3.2M ounces after its resource update in January 2012. This resource update comprises a total of 1.7 million ounces gold in the indicated category and 0.6 million ounces gold in inferred category (using a 0.4g/t cut-off) from the contiguous Tigranes and Artavasdes areas and 0.5 million ounces gold in the indicated category and 0.4 million ounces inferred category from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes. The project remains open in all directions and is currently advancing towards Bankable Feasibility with full production due in the first half of 2014.
Lydian Intl says its Amulsar gold project will be a big part of the Armenian economy
Friday, November 18, 2011
Lydian Intl CEO Tim Coughlin & General Manager-Caucasus Nerses Karamanukyan talk to Proactive Investors about their gold project in Armenia and its potential. It's expected that the Amulsar project, when in full production, will account for no less than 3% of GDP in Armenia and be one of the country's top 5 taxpayers.
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