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New Gold Zone Discovered in Armenia

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  • New Gold Zone Discovered in Armenia

    New Gold Zone Discovered in Armenia

    Epress.am (http://www.epress.am/FNew.aspx?nid=7559)
    Nov. 1, 2010


    Lydian International said Monday it discovered a new high-grade gold
    zone at its Amulsar project in Armenia, with results of 40m at 5.6g/t
    gold, reads a press release by the company.

    Lydian International Ltd. is a mineral exploration and development
    company.

    The drill intersection from hole RCA-301, which was uncovered through
    resource extension drilling at the site, was located to the southeast
    of the Artavasdes area.

    Lydian said the hole was drilled to test a 1km long
    northeast-southwest trending fault structure.

    "Drill hole RCA-301 amplifies the message that there are more
    surprises in store at Amulsar," said president and CEO Tim Coughlin.

    The Amulsar group of licenses is 95% owned by Lydian's Armenian
    subsidiary.




    From: A. Papazian
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