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Lydian International Ltd T.LYD


Primary Symbol: LYDIF

Lydian International Ltd is a gold focused mineral development corporation engaged in exploring and developing precious metals assets located in Armenia and Georgia. Its main project is Amulsar Gold Project (Amulsar) in Armenia. It owns the Amulsar Project, through its wholly-owned subsidiary Lydian Resources Armenia. Amulsar is a compelling opportunity for a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.


OTCPK:LYDIF - Post by User

Bullboard Posts
Comment by AimHigh8on Apr 05, 2011 7:48am
310 Views
Post# 18385596

RE: Resource Update of 2.5 Million Ounces Gold

RE: Resource Update of 2.5 Million Ounces GoldLydian is now in the "no-brainer" category - could the company have drafted up a more upbeat, positive news release??  This has graduated into the RRSP grade category where as long as the general markets hold up, this should end up a fair bit higher by the end of this upcoming drilling season.

Confidence defined - "Weather permitting we are hoping to commence drilling in May and no-doubt we are in for another exciting year at Amulsar"

"Closer spaced and better directed resource drilling at Amulsar hasrevealed that generally higher-grade, sub-vertical faults, fractures andbreccia-veins ("feeders") are more extensive than previously thoughtand in terms of total contained ounces tend to dominate overlower-grade, shallow-dipping strata-bound style gold mineralization."

"The resource remains open in all directions and this enhancedunderstanding means that areas in which new ounces can be found areobvious, as either lateral or vertical extensions of currently outlinedfaults, fractures or breccia-veins. We plan to drill a further 30,000meters at Amulsar this year in a combination of resource upgrade,extension and exploratory drilling."

I don't know about you but it sounds pretty good to me....

Have a great day all.
Bullboard Posts