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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
Post by riskybznzon Jun 19, 2017 10:46am
153 Views
Post# 26377729

Amulsar Project Proceeding as Planned

Amulsar Project Proceeding as Planned
10:17 AM EDT, 06/19/2017 (MT Newswires) -- Lydian International (LYD.TO) said Monday that construction at its 100%-owned Amulsar Gold Project is proceeding as planned, with project commitments totaling $213 million. Construction power and water are in place, access roads are complete, the construction warehouse has been erected, and detailed design and fabrication of the electrical distribution equipment are in process. For the rest of the year, the company expects to complete major earthworks for the HLF, mine haul road, and barren rock storage facility, start installation of mechanical and electrical equipment, and hire and train staff for mine operations and the processing plant, among others.
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