Lydian International Ltd. (TSX:LYD), a gold-focused mineral exploration and development company, today announced results from infill and extension soil geochemical sampling at its Amulsar gold discovery in Armenia.
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.
Infill and extension soil geochemical sampling conducted this year from within the Amulsar license area has identified an area of gold mineralization 3.6 kilometers long and at-least 3 kilometers wide. The soil data clearly confirms current knowledge from drilling results and shows that further potential lies over an untested area of approximately one square kilometer to the northeast of Tigranes. The Erato area confirms that even low order gold in soil geochemical data (0.05 to 0.1g/t gold; yellow contour) correlates with significant near surface gold in drill holes (including 229 meters @ 1.0g/t, 95 meters @ 1.7g/t, and 186 meters @ 1.1g/t gold see press releases, November 11th 2009, August 31st 2010, October 4th 2010). These data have also helped identify new drill targets to the east and west of Artavasdes and Arshak and highlight a strong northeast-southwest oriented untested structural control to gold mineralization in the southwest of the license area.
"This is the first time we have had enough soil geochemical data to produce a meaningful map at Amulsar" said Tim Coughlin, Lydian's President and CEO. "The results are highly encouraging. They reveal the size potential of the gold mineralized system, confirm ideas we already had from mapping and surface rock-chip sampling and reveal new targets and new areas of significant untested potential including the region to the northeast of Tigranes which has not yet been soil sampled and is only sparsely drill tested. Drill testing these new areas, extending the soil sampling towards the northeast and infill soil sampling towards the north will be an early element of next year's exploration program".
Christopher John Bargmann, FGS(C Geol), MAusIMM, Pr.Sci.Nat; is the Qualified Person overseeing Lydian's exploration programs. Mr. Bargmann has supervised the preparation of the technical information contained in this press release.
Source: Lydian International Ltd.