OTCPK:LYDIF - Post by User
Comment by
AimHigh8on Apr 05, 2011 7:48am
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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.