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Lydian International Reports Initial Drilling Results from Amulsar Gold Project

Lydian International, a mineral exploration and development firm, has declared the first results from exploration and step-out drill program carried out at the Amulsar gold project, which is a high-sulfidation style gold property in Armenia.

Currently, this Amulsar project houses a CIM compliant resource estimate of 36.1 Mt at 0.9 g/t gold in inferred category and 68.2 Mt at 1.0 g/t gold in indicated category. The drilling results have been obtained from first 18 holes, including exploration and step-out drill holes from the Arshak, Erato and Orontes regions, at the Amulsar project.

The company has encountered 1.0 g/t gold over 53 m in hole DDA-272; 1.0 g/t gold over 37 m in hole DDA-276; 1.0 g/t gold over 23 m in hole DDA-278; 0.9 g/t gold over 33 m in hole DDA-280; 1.0 g/t gold over 38.5 m in hole DDA-281; 1.5 g/t gold over 13 m and 1.0 g/t gold over 37 m in hole DDA-285; 1.0 g/t gold over 38 m in hole DDA-286; and 1.0 g/t gold over 23 m in hole DDA-290.

These drilling results validate the company’s view that additional resource potential is present beyond the present resource shell found n the southeast part of Arshak. The hole DDA-290 drilled at Erato intercepted considerable gold intervals from 167 m depth and made the deepest intersections at the property. The holes DDA-276 and DDA-290 indicate the existence of extensive un-drilled capability at depth of Erato. Exploration drill program at Orontes, situated approximately 1 km towards the resource shell’s southwest part, has yielded 1.0 g/t gold over 53 m, but significant gold was not intersected in additional holes drilled in the region.

The Orontes region seems to contain a sequence of sharply dipping siliceous mineralized gold zones and at the same time, extensive in strike and depth is restricted in lateral extent. Lydian is planning to finish a resource calculation at the area in 2013.

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G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

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