Welcome!

Agile Computing Authors: Liz McMillan, Elizabeth White, Yeshim Deniz, Pat Romanski, Larry Alton

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

Contacts:
Lydian International Ltd.
Donna Pugsley
Investor Relations
+44 (0)1534 715473
+44 (0)7797 742800
[email protected]

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
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at 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. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
SYS-CON Events announced today that NetApp has been named “Bronze 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. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at 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. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
SYS-CON Events announced today that Golden Gate University will exhibit at 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. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at 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. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
SYS-CON Events announced today that CAST Software will exhibit at 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. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at 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. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.