LYDIAN BEGINS DRILLING PROGRAM AT AMULSAR GOLD DISCOVERY IN ARMENIA
Proactive Investors USA & Canada
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June 23 2009
Lydian International Ltd (TSX: LYD) said it has begun its 2009
drilling program at the Amulsar gold discovery in Armenia aimed at
delineating the extents and reveal the size potential of the gold
mineralized system.
It has contracted International Drilling Services for 14,000 metres
of combined diamond and reverse circulation drilling.
Drill holes will step out systematically from a centre corresponding
to the current 1 million ounces resource and will follow extensions
of known surface gold mineralization and corresponding subsurface
geophysical anomalies over an area of at least 6 square kilometres.
Lydian was recently granted a 25 year mining license at Amulsar
and has now merged existing exploration licenses such that the
mining license is surrounded by 113 square kilometres of contiguous
exploration licenses.
President and CEO Tim Coughlin said: "Last year’s program was designed
to define an initial resource and satisfy regulatory requirements
leading to the granting of our mining license. Now, following
regulatory approval and the successful amalgamation of surrounding
exploration licenses, the aim for 2009 is clearly to step out and
test the true size potential of this exciting new gold discovery."