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LYDIAN INTERNATIONAL EXTENDS KNOWN MINERALIZATION AT AMULSAR PROJECT IN ARMENIA
Proactive Investors USA & Canada
http://www.proactiveinvestors.com/companies/news/10443/lydian-international-extends-known-mineralization-at-amulsar-project-in-armenia-10443.html
Nov 30 2010
Lydian International (TSX:LYD) announced Tuesday further results from
drilling at its Amulsar gold discovery in Armenia, identifying new
gold at both the Tigranes and Artavasdes resource areas.
Diamond drill hole DDA-076 intersected 89 metres at 1.9g/t gold,
including 11 metres at 5.9g/t gold and 14 metres at 3.7g/t gold.
This drill hole, Lydian said, is signficant as it extends the area
of the known high grade mineralization on the western edge of the
Tigranes resource.
At Artavasdes, drill hole DDA-67 intersected 52 metres at 1.2g/t
gold and 19 metres at 1.0g/t gold, while DDA-69, on the south east
of Artavasdes, returned 46.5 m at 1.2g/t gold.
DDA-69 is located just 100 metres south of RC hole RCA 301, which
returned 40 metres at 5.6g/t gold, as previously announced by Lydian
earlier this month.
The company said these intersections may form part of a potential
new higher grade "feeder zone" on the south east of Artavasdes.
Moreover, additional rock chip channel sampling on Artavasdes has
returned 18 metres at 1.2 g/t gold, which extends the area of known
mineralization on Artavasdes to surface, expected to be included in the
updated resource estimate planned for the first quarter of next year.
"These results will be incorporated in the modeling and resource update
work that is currently underway," said president and CEO Tim Coughlin.
"There is a concentrated and concerted technical effort underway with
the aim being to complete and release the resource update by the end
of February next year."
Amulsar is a high-sulfidation style gold project, which currently hosts
a CIM compliant inferred category resource of 1.4 million ounces at
0.9g/t gold.
The Amulsar group of licenses is 95% owned by Lydian's wholly owned
Armenian subsidiary. Lydian also has a pipeline of early-stage gold
and base metal exploration projects in the Caucasus regions.
From: A. Papazian
Proactive Investors USA & Canada
http://www.proactiveinvestors.com/companies/news/10443/lydian-international-extends-known-mineralization-at-amulsar-project-in-armenia-10443.html
Nov 30 2010
Lydian International (TSX:LYD) announced Tuesday further results from
drilling at its Amulsar gold discovery in Armenia, identifying new
gold at both the Tigranes and Artavasdes resource areas.
Diamond drill hole DDA-076 intersected 89 metres at 1.9g/t gold,
including 11 metres at 5.9g/t gold and 14 metres at 3.7g/t gold.
This drill hole, Lydian said, is signficant as it extends the area
of the known high grade mineralization on the western edge of the
Tigranes resource.
At Artavasdes, drill hole DDA-67 intersected 52 metres at 1.2g/t
gold and 19 metres at 1.0g/t gold, while DDA-69, on the south east
of Artavasdes, returned 46.5 m at 1.2g/t gold.
DDA-69 is located just 100 metres south of RC hole RCA 301, which
returned 40 metres at 5.6g/t gold, as previously announced by Lydian
earlier this month.
The company said these intersections may form part of a potential
new higher grade "feeder zone" on the south east of Artavasdes.
Moreover, additional rock chip channel sampling on Artavasdes has
returned 18 metres at 1.2 g/t gold, which extends the area of known
mineralization on Artavasdes to surface, expected to be included in the
updated resource estimate planned for the first quarter of next year.
"These results will be incorporated in the modeling and resource update
work that is currently underway," said president and CEO Tim Coughlin.
"There is a concentrated and concerted technical effort underway with
the aim being to complete and release the resource update by the end
of February next year."
Amulsar is a high-sulfidation style gold project, which currently hosts
a CIM compliant inferred category resource of 1.4 million ounces at
0.9g/t gold.
The Amulsar group of licenses is 95% owned by Lydian's wholly owned
Armenian subsidiary. Lydian also has a pipeline of early-stage gold
and base metal exploration projects in the Caucasus regions.
From: A. Papazian