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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

Post by hayMardon Feb 10, 2018 2:54pm
48 Views
Post# 27539239

No mining in Amulsar!!! Water is LIFE!!!

No mining in Amulsar!!! Water is LIFE!!!The conclusion drawn by the Bronozian Consultants is that the high risk of acid drainage and contaminant leaching, the poor geochemical evaluation, the inadequate water quality predictions and mitigation measures, Lydian’s inexperience, and the insufficient financial guarantee combine to make this a high risk project during mining and for hundreds of years after operations cease. This conclusion directly contradicts the claims made for Lydian by AMC Consultants (Lydian International Limited, 2017), that: “AMC is unaware of any environmental, permitting, legal, title, taxation, socioeconomic, marketing, political, or other relevant issues that may materiall y affect the Mineral Resources.” Such a statement is important for securing financing for the project, but it ignores the short-term and long-term liabilities predicted by the available evidence. The government and the people of Armenia should demand better from any company desiring to extract the country’s mineral wealth.
See here https://goo.gl/uacxuZ
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