TORONTO, ONTARIO -- (Marketwire) -- 03/05/13 -- Lydian International Ltd. (TSX: LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, today announces an independent updated mineral resource estimate for its Amulsar gold project in Armenia, prepared by AMC Consultants (UK) Limited ("AMC"). Amulsar is a high-sulfidation style gold project discovered by Lydian in 2006.
The Amulsar resource update conforms with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and mineral resources are classified according to "CIM Definition Standards for Mineral Resources and Mineral Reserves" (December, 2005). At a cut-off grade of 0.35 grams per tonne gold, the mineral resources are estimated at 52.4 Mt at 1.05 g/t Au (1.77 million ounces) of Measured category resources, 18.1 Mt at 1.02 g/t Au (0.59 million ounces) of Indicated category resources and 58.0 Mt at 0.93 g/t Au (1.73 million ounces) of Inferred category resources from the contiguous Tigranes, Artavasdes, Arshak areas and from the Erato area. A summary of the mineral resource update using various cut-offs is presented in Table 1. An independent updated silver resource is also being prepared, which the Company expects will be completed before the end of March 2013.
TABLE 1 Gold Mineral Resource
----------------------------------------------------------------------------Gold Cutoff Grade, Combined Measured & Indicated g/t Mineral Resource Inferred Mineral Resource ------------------------------------------------------------------ Contained Contained Tonnes (x Gold Tonnes (x Gold 1000) Gold, g/t Ounces 1000) Gold, g/t Ounces--------------------------------------------------------------------------------------------------------------------------------------------------------0.40 61,600 1.14 2,258,000 49,900 1.02 1,636,0000.35 70,500 1.04 2,379,000 58,000 0.93 1,734,0000.30 81,100 0.95 2,476,000 70,100 0.82 1,847,000----------------------------------------------------------------------------1. The effective date of the resource estimate is March 4, 2013.2. A cut-off grade of 0.30 g/t gold has been applied to all resources, basedon a gold price of US$1200 per troy ounce of gold and assuming an open pitmining scenario.3. Figures have been rounded to the appropriate level of precision for thereporting of Indicated and Inferred resources in the upper and lowervolcanic units.4. Due to rounding, some columns or rows may not compute exactly as shown.5. Mineral Resources in this resource statement are not Mineral Reserves anddo not have demonstrated economic viability. The estimate of MineralResources may be materially affected by environmental, permitting, legal,title, taxation, socio-political, marketing, or other relevant issues.Mineral Reserves have been previously reported for this project using aprior mineral resource statement.
