Lydian International has announced the beginning of the 2012 drill program at the company’s Amulsar gold project, located in Armenia. Combined reverse circulation (RC) and diamond drilling of at least 25,000 m has been planned to complete in 2012.
Resource Extension Target Area
The 2012 drill program is specifically designed to outline fresh mineralization in order to expand the present resource shell deeply and laterally. The company has planned to commence drill program on additional potential exploration target areas and conduct infill drill program to upgrade resource categories.
The Amulsar resource stays exposed in each and every direction and it has further capacity to expand for at least 1,000 m down the Amulsar ridge to Tigranes’ northeast part, along the ridge-top to southeastern portion from Arshak and to the southwestern part at Orontes.
The company conducts additional drill program to close off Erato, specifically to the southwest part, and grid drill program will be carried out to combine Tigranes and Erato along a mineralized corridor that is apparently trending towards northwest.
Lydian may utilize one reverse circulation rig and two diamond drilling rigs for the company’s proposed exploration and resource drilling, and at least two additional diamond drilling rigs to help the engineers in additional geotechnical studies.
According to the CEO and President of Lydian, Tim Coughlin, the company is planning for drilling and expansion of the Amulsar gold project. Though this Amulsar is a superior gold project, the resource is exposed and has not been examined in all directions. The company is excited regarding the possibility of identifying fresh mineralization and is interested to find the things behind the deep drill program beneath Erato and the systematic step-out drill program at Arshak, he stated.