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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 davgroon Aug 30, 2019 10:58am
96 Views
Post# 30083187

Lydian Armenia data was incomplete, ELARD expert says

Lydian Armenia data was incomplete, ELARD expert saysYEREVAN, August 30. /ARKA/. The data provided by Lydian Armenia is so incomplete that it is impossible to carry out a comprehensive evaluation of the Amulsar gold project,  Nidal Rabahi, an expert of the Earth Link & Advanced Resources Development (ELARD) company, said during a Skype news conference with Armenian Prime Minister Nikol Pashinyan.

ELRAD, a Lebanese Earth link & Advanced Resources Development company, was chosen by the government in Yerevan to conduct the environmental impact assessment of the Amulsar gold mine.

Nidal Rabahi  said ELARD cannot express its  estimate in numerical terms for two reasons. The first is that it was not part of the company's mandate: the task was to assess  the environmental impact of the project. And secondly, the data that provided the company was so incomplete that the company would not be able to carry out that calculation.

"We were not even able to correlate some of the numbers. That is, Lydian Armenia itself did not assess this impact because of the incomplete  data," the expert said.

More.......


https://arka.am/en/news/business/lydian_armenia_data_was_incomplete_elard_expert_says/
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