Welcome!

Agile Computing Authors: Elizabeth White, Yeshim Deniz, Liz McMillan, Pat Romanski, ManageEngine IT Matters

News Feed Item

Lydian Drilling Intersects 98 Meters at 1.9 g/t Gold Below Current Pit-Shell at Erato and 60 Meters at 1.4 g/t Gold 80 Meters Outside the Pit Shell at Arshak

More gold intersected 600 meters to the east of Erato

TORONTO, ONTARIO -- (Marketwire) -- 11/20/12 -- Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, today announced results from additional drilling at its Amulsar gold project in Armenia. Amulsar is a feasibility stage (see press release September 7, 2012) high-sulfidation style, heap-leach gold project with reported CIM compliant Proven and Probable reserves of 2.29M Oz Gold at 0.8 g/t and 9.98M Oz Silver at 3.3 g/t and a resource of 0.2M Oz Gold at 1.0 g/t in Measured and Indicated categories and 1.1M Oz Gold at 0.9 g/t in the Inferred category.

Results have been received from a further 33 drill holes at Amulsar including infill drilling at Erato and Tigranes and further step-out drilling at Arshak (see Table and Figures in Appendix).

Notable intersections include:


-  DDA-341 (Artavasdes)                  29 meters at 1.0 g/t gold,         
-  DDA-347 (Arshak)                      60 meters at 1.4 g/t gold,         
-  DDA-348 (Tigranes)                    20.9 meters at 1.2 g/t gold (EOH), 
-  DDA-350 (Erato)                       46 meters at 1.0 g/t gold; and     
                                         61 meters at 1.1 g/t gold,         
-  DDA-351 (Erato)                       22 meters at 1.0 g/t gold,         
-  DDA-352 (Crushing Site)               40 meters at 1.0 g/t gold,         
-  DDA-353 (Tigranes)                    20 meters at 1.0 g/t gold; and     
                                         19 meters at 1.1 g/t gold,         
-  DDA-354 (Artavasdes)                  13 meters at 1.0 g/t gold,         
-  DDA-357 (Tigranes)                    14.1 meters at 1.8 g/t gold (EOH), 
-  DDA-358 (Erato)                       98 meters at 1.9 g/t gold,         
-  DDA-360 (Tigranes)                    60 meters at 1.0 g/t gold,         
-  DDA-361 (Tigranes)                    68 meters at 1.2 g/t gold,         
-  DDA-362 (Crushing Site)               19 meters at 1.0 g/t gold; and     
                                         21 meters at 1.0 g/t gold,         
-  RCA-468 (Arshak)                      16 meters at 1.0 g/t gold,         
-  RCA-471 (Arshak)                      12 meters at 1.0 g/t gold; and     
                                         29 meters at 1.0 g/t gold,         
-  RCA-476 (Tigranes NE)                 12 meters at 1.3 g/t gold,         
-  RCA-480 (Tigranes)                    17 meters at 1.0 g/t gold          

Drilling at Amulsar continues to outline new areas of gold mineralization, both at depth and laterally around the margins of the current pit-shell. Drill hole DDA-358 returned 98 meters at 1.9 g/t gold below the current Erato pit-shell (see Cross Section A-A'), and DDA-350 returned 61 meters at 1.1 g/t gold in the east of Erato, where further drilling is currently underway.

At Tigranes, drilling is also identifying further gold potential at depth, with DDA-348 returning 8 meters at 1 g/t gold and 20.9 meters at 1.2 g/t gold (EOH) up to 60 meters vertically beneath the current pit-shell (see Cross Section B-B').

Following the discovery of gold mineralization at the proposed crusher location some 600 meters to the east of the Erato pit-shell (see Press Release, September 24, 2012), further confirmatory drilling has been conducted and has returned 33 meters at 1 g/t (DDA-352) and two separate intersections of 17 meters and 18 meters at 1 g/t gold (DDA-362; see Figure in Appendix) Further geological work will be carried out to ascertain the extent of this mineralization and whether it forms a continuation of gold mineralization at Erato.

Drilling at Arshak continues to confirm the potential for resource extension towards the east and southeast. Notably DDA-347 returned 60 meters at 1.4 g/t gold and RCA-471 returned 11 meters and 29 meters at 1 g/t gold with both holes located approximately 80 meters outside the current pit-shell.

CEO and President of Lydian International, Dr. Tim Coughlin says "This is another solid round of drill results further confirming the resource potential at Amulsar. Drilling at Erato has returned exciting results all year and new results from close to the proposed crusher location, some 600m east of the Erato pit-shell are particularly encouraging. Drilling continues on-site and is likely to do so until winter fully settles in over the coming weeks."

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.

Caution regarding forward-looking information:

This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterised by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements regarding the Company's intended planned exploration. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices and other factors described above and in the Company's most recent annual information form under the heading "Risk Factors" which has been filed electronically by means of the Canadian Securities Administrators' website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.


                           Appendix; Results Table                          
----------------------------------------------------------------------------
       TABLE 1. SIGNIFICANT DRILL INTERSECTIONS GREATER THAN 1g/t GOLD      
----------------------------------------------------------------------------
                           Total                       Intersection         
 Drill Hole  Dip  Azimuth  Depth   From       To           (m)        Gold  
                            (m)     (m)       (m)                     (g/t) 
----------------------------------------------------------------------------
  DDA-341    -60     20    158.0   63.0      92.0          29.0        1.0
                                 -------------------------------------------
                                   135.0     138.0         3.0         1.0  
----------------------------------------------------------------------------
  DDA-345    -60     40     98.1  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  DDA-346    -60    210     23.2   15.0      22.0          7.0         1.0
                                 -------------------------------------------
                                               BOGGED AND LOST              
----------------------------------------------------------------------------
  DDA-347    -60    220    127.0   52.0      112.0         60.0        1.4  
----------------------------------------------------------------------------
                                   13.0      15.0          2.0         1.2  
                                 -------------------------------------------
                                   68.0      70.0          2.0         1.1  
                                 -------------------------------------------
  DDA-348    -60    310    275.9   183.0     185.0         2.0         1.2  
                                 -------------------------------------------
                                   215.0     223.0         8.0         1.0  
                                 -------------------------------------------
                                   255.0  275.9 (EOH)      20.9        1.2  
----------------------------------------------------------------------------
                                    0.0      46.0          46.0        1.0  
                                 -------------------------------------------
  DDA-350    -60    115    274.5   103.0     112.0         9.0         1.0
                                 -------------------------------------------
                                   178.0     239.0         61.0        1.1  
                                 -------------------------------------------
                                   256.0     261.0         5.0         1.1  
----------------------------------------------------------------------------
  DDA-351    -60    105    200.0   139.0     161.0         22.0        1.0  
                                 -------------------------------------------
                                   184.0     193.0         9.0         1.0  
----------------------------------------------------------------------------
                                    2.0       4.0          2.0         1.2  
                                 -------------------------------------------
  DDA-352    -60    170    117.0   23.0      63.0          40.0        1.0  
                                 -------------------------------------------
                                   90.0      93.0          3.0         1.1  
----------------------------------------------------------------------------
                                   28.0      48.0          20.0        1.0  
                                 -------------------------------------------
  DDA-353    -60    320    293.5   69.0      74.0          5.0         1.0 
                                 -------------------------------------------
                                   82.0      101.0         19.0        1.1  
                                 -------------------------------------------
                                   208.0     212.0         4.0         1.0  
----------------------------------------------------------------------------
                                   141.0     154.0         13.0        1.0  
                                 -------------------------------------------
  DDA-354    -60    225    249.5   163.0     167.0         4.0         1.0  
                                 -------------------------------------------
                                   189.0     192.0         3.0         1.0  
----------------------------------------------------------------------------
  DDA-355    -60    300    290.9   97.0      101.0         4.0         1.0 
                                 -------------------------------------------
                                   115.0     121.0         6.0         1.0  
----------------------------------------------------------------------------
  DDA-356    -60     30     16.1               BOGGED AND LOST              
----------------------------------------------------------------------------
  DDA-357    -60    300     14.1    0.0   14.1 (EOH)       14.1        1.8 
                                 -------------------------------------------
                                               BOGGED AND LOST              
----------------------------------------------------------------------------
  DDA-358    -60    115    230.6   78.0      176.0         98.0        1.9  
----------------------------------------------------------------------------
  DDA-359    -60    290    107.0   33.0      38.0          5.0         1.1
                                 -------------------------------------------
                                               BOGGED AND LOST              
----------------------------------------------------------------------------
  DDA-360    -60    120    295.1   12.0      14.0          2.0         1.2
                                 -------------------------------------------
                                   131.0     191.0         60.0        1.0  
----------------------------------------------------------------------------
  DDA-361    -60    300     84.7    0.0      68.0          68.0        1.2  
----------------------------------------------------------------------------
  DDA-362    -60    205    105.8    0.0      19.0          19.0        1.0  
                                 -------------------------------------------
                                   46.0      67.0          21.0        1.0  
----------------------------------------------------------------------------
  RCA-468    -60     30    150.0   94.0      110.0         16.0        1.0 
                                 -------------------------------------------
                                   118.0     120.0         2.0         1.1  
----------------------------------------------------------------------------
  RCA-469    -60     30    150.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-470    -60    210     55.0               BOGGED AND LOST              
----------------------------------------------------------------------------
  RCA-471    -60    300    132.0   17.0      29.0          12.0        1.0
                                 -------------------------------------------
                                   85.0      114.0         29.0        1.0  
----------------------------------------------------------------------------
  RCA-472    -60    290    156.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-473    -60     30     18.0               BOGGED AND LOST              
----------------------------------------------------------------------------
  RCA-473A   -70     35    122.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-474    -90     0      92.0               BOGGED AND LOST              
----------------------------------------------------------------------------
  RCA-475    -60    170    125.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-476    -60    155    107.0   38.0      50.0          12.0        1.3  
----------------------------------------------------------------------------
  RCA-477    -60    120    136.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-478    -60    245    203.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-479    -60    110    197.0  NO SIGNIFICANT INTERSECTIONS GREATER THAN
                                                  1G/T GOLD                 
----------------------------------------------------------------------------
  RCA-480    -60    230    203.0   154.0     171.0         17.0        1.0  
----------------------------------------------------------------------------
  RCA-481    -60    120     23.0               BOGGED AND LOST              
----------------------------------------------------------------------------
Cut-off 0.2g/t gold, maximum down-hole internal dilution 10m                
All intersections are oxide gold, No true widths                            
DDAG indicates assayed geotechnical drill hole                              
----------------------------------------------------------------------------

To view 'Appendix; Figure 1. Layout of reported drill holes', please visit the following link: http://media3.marketwire.com/docs/lydimap1.pdf

To view 'Cross Section A-A' of Erato (see Figure 1) showing released 2012 drill holes', please visit the following link: http://media3.marketwire.com/docs/lydimap2.pdf

To view 'Cross Section B-B' of Tigranes (see Figure 1) showing released 2012 drill holes', please visit the following link: http://media3.marketwire.com/docs/lydimap3.pdf

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and thei...
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...