Lydian International Ltd. (TSX:LYD), a gold-focused mineral exploration and development company, today announced further results from drilling and 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.
Diamond drill hole DDA-066 was positioned to test the dimensions of the interpreted higher grade "feeder zone" intersected on Artavasdes (see press release 10th August 2010) and intersected 67 meters at 1.7g/t gold (including 17 meters at 3.0 g/t gold) in the hangingwall of the "feeder zone" and a further 29m @ 1.0 g/t from a mineralized fault zone located higher up the drill hole. Exploration drill hole DDA-061 was located 200 meters to the north of the resource envelope at Tigranes and intersected 23.6m at 1.1g/t gold. This intersection is in an area where gold mineralization was previously unknown and may represent a new mineralized structure extending northeastwards for some 250 meters from known gold mineralization exposed on the eastern side of Tigranes. Drill hole DDA 063 was targeted to drill beneath new channel samples reported from the steep outcrop of siliceous rock located at Tigranes (see press release of 2nd November). The drill hole intersected gold mineralization from surface (40 meters at 1.0g/t gold) and a deeper intersection (15 meters at 1.0g/t gold). These intersections confirm that structural and grade continuity can be established between surface channel samples and drill hole intersections over a vertical distance of 60 to 80 meters.
"We are consistently returning further higher grade from infill drilling and more gold in exploratory drilling at Amulsar" said Tim Coughlin, Lydian's President and CEO. "DDA-061 potentially extends the current resource for a further 200m towards the northeast which can add significant additional ounces within immediate reach of the Tigranes area. Results from all reverse circulation drilling this year have been released but results from diamond drilling will continue to be released well into December".
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.