The Company has engaged AMC Consultants UK to provide a CIM compliant resource update at Amulsar. The resource update is expected to be completed before the end the first quarter of 2013. Drilling is expected to commence again in the spring of 2013, with a proposed program totalling 40,000 meters and with a particular focus on testing the deeper parts of the Amulsar gold mineralizing system.
CEO and President of Lydian International, Dr. Tim Coughlin says "Another set of impressive results from a successful drill season at Amulsar. Drilling in 2012 has reinforced our view of the overall resource potential at the project and provided us with a few pleasant surprises. Erato appears to be growing in all directions but particularly at depth and towards the Tigranes pit, whilst at Arshak we are stepping consistently southeastwards finding more gold along the ridge top. In light of our better understanding of the gold distribution, we are continuing to optimize mine layout plans, particularly in regards to crushing facilities and heap-leach capacity. 2013 is set to be an exciting year for Lydian with planned resource updates, continued work towards achieving permitting milestones, completing engineering studies and carrying out a significant drill program".
The information in this news release was compiled and reviewed by Dr. Timothy Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Lydian International Ltd and a qualified person as defined by National Instrument 43-101.
Lydian employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. Drill core is cut on-site and rock-chips are split to ensure representative sampling. Half core and remaining rock-chips are stored on-site. On-site personnel log and track all samples prior to sealing and shipping. Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment. All resource sample shipments are sealed and shipped to ALS Chemex, an independent third party. All assay work for the released results was carried out by ALS Chemex at its analytical laboratory in Rosia Montana, Romania. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. More information can be found on Lydian's web site at www.lydianinternational.co.uk.
About Lydian International
Lydian is a gold-focused mineral exploration and development company with expertise employing "first mover" strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe and, in particular, developing its flagship Amulsar gold project in Armenia. Lydian also has a pipeline of promising early-stage gold and base metal exploration projects in the Caucasus regions.
Lydian's management team has a track record of success in grassroots discovery, in acquiring and developing undervalued assets, and in building companies. Lydian has a strong social agenda and a unique understanding of the complex social and political issues that characterise emerging environments. The Company's significant shareholders include the International Finance Corporation which is a member of the World Bank Group and the European Bank for Reconstruction and Development. More information can be found on Lydian's web site at www.lydianinternational.co.uk.
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