pending results.... There's allot of potential for news flow here in the short term: three more EIA's are due - 1) plant engineering, 2) pit expansion to include the Erato deposit, and 3) the mine closure plan. We have have the Feasibility Study due within the next few weeks. Plus.............and here's the speculative kicker:
May 10th 2012
The Company is planning to complete at least 25,000 meters of combined diamond and reverse circulation drilling in 2012. The 2012 drilling program is designed to delineate new mineralisation to extend the current resource shell both laterally and at depth. In addition, the Company plans to initiate drilling on further prospective exploration targets and carry out infill drilling to upgrade resource categories.
The Amulsar resource remains open in all directions with obvious further potential extending for at least 1,000 meter along the ridge-top towards the southeast from Arshak and down the Amulsar ridge towards the northeast at Tigranes and towards the southwest at Orontes (see Figure in Appendix).
Further drilling is required to close off Erato, particularly towards the southwest and grid drilling will be conducted in an effort to join Erato and Tigranes along an apparently northwest trending mineralised corridor.
The Company expects to use two diamond drill rigs and one reverse circulation drill rig for its planned resource and exploration drilling, and at least two further diamond drill rigs to assist the engineers with further geotechnical studies.
https://www.lydianinternational.co.uk/press-releases/2012-05-10/lydian-commences-2012-drilling-program-at-amulsar-gold-project