Overview:Lydian International (TSX;LYD) is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings.
Amulsar gold project based in Southern Armenia was a grassroot discovery made by Lydian International in 2006. As of March 2013 the deposit currently hosts a Global gold resource of 1.85M Oz at 1.0 g/t in Measured, 0.6M Oz at 1.0 g/t in Indicated and 1.8M Oz at 0.8 g/t in Inferred at a 0.3 g/t gold cut-off. M&I mineral resources at Amulsar are commonly surrounded laterally and sometimes at depth by a halo of Inferred category resource. Mineral Reserves incorporated in the September 2012 Feasibility Study hold 2.3M Oz Gold at 0.8g/t and 9.97M Oz Silver at 3.3 g/t at a 0.3 g/t cut-off. A Reseve update will be expected at the end of 2013.
The deposit is still open in all directions, including depth with a 25,000 meter drill program planned for 2013 and full production planned for late 2015.
Lydian is also actively exploring elsewhere in Armenia and in other prospective regions of Eastern Europe where it is building and maintaining a promising portfolio of early stage pipe-line projects. Lydian develops its projects responsibly with exceptional emphasis on social and environmental awareness and care. The company minimises environmental impact and engages local communities in order to deliver relevant and sustainable social development initiatives.