25,000 meter exploration and resource definition drilling program gets underway.
TORONTO, ONTARIO — (Marketwire) — 03/05/12 — Lydian International Ltd. (TSX: LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, is pleased to announce that it has appointed a highly experienced senior Mine Manager to oversee development and gold production at its Amulsar project in Armenia. The Company is also pleased to announce that it has secured the services of Endeavour Financial to advise on the broader-range of project fi
CIM Compliant Resource Estimate of 2.1 Million Ounces Gold in Indicated and 1.1 Million Ounces Gold in Inferred Categories Remains Open in All Directions
European Bank for Reconstruction and Development Exercises Warrants and Assigns Funds for Use in Armenia
Drilling at Erato Returns 67 Meters at 1 g/t Gold (Including 7 Meters at 6.6 g/t Gold, Open at Depth), Drilling at Tigranes Returns 66 Meters at 1 g/t Gold and Drill Testing of a Newly Identified 600 Meter Long Fault-Zone at Artavasdes Intersects 55 Meters at 1 g/t (Open at Depth)
Sensitivity Case Which Includes Resource Ounces at Erato Returns US$614 million NPV
Drilling at Artavasdes Returns 69 Meters at 1.0g/t from Surface and Drilling at Tigranes Returns 55 Meters at 1.6g/t (Open at Depth) and 55 Meters at 1.1g/t Gold
