Lydian Completes Land Acquisitions at Its Amulsar Gold Project 2016-11-01
TORONTO, ONTARIO--(Marketwired - Nov. 1, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that all privately owned land required for its 100%-owned Amulsar Gold Project have been acquired. Lydian now controls all surface rights within the footprint of the Rock Allocation Area as granted to Lydian by the Republic of Armenia.
Lydian Secures Land Conversion at Amulsar Gold Project 2016-08-10
TORONTO, ONTARIO--(Marketwired - Aug. 10, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it has received approval from the Republic of Armenia and local communities to convert key lands needed to begin construction at Amulsar from agricultural to industrial use. This is an important step that allows the Company to initiate construction of the heap leach facility and in other areas as engineering is completed.
Lydian Makes Formal Construction Decision at Amulsar 2016-06-08
TORONTO, ONTARIO--(Marketwired - June 8, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce a formal decision has been made to proceed with construction at its 100%-owned Amulsar Gold Project in Armenia. This action by the Company's board of directors follows recent receipt of an amended Mining Right from the Republic of Armenia and the previously announced closings of a C$38.3 million public offering and US$80 million in private placements.
Lydian Receives Updated Approval for the Amulsar Mining Right 2016-05-24
TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it has received approval from the Republic of Armenia for amendments requested by the Company to the Mining Right for its 100% owned Amulsar Gold Project. This is a milestone event, re-affirming the Armenian government's support for Lydian to begin development at Amulsar this summer. The duration of the Mining Right was also extended to align with the current project schedule.
General 2015-05-10The Kela project was rediscovered by Lydian geologists during reconnaissance exploration in 2010. Initial project-scale mapping and sampling has returned anomalous gold-only grab sample results of 1g/t to 4g/t gold over a strike distance of 2km and from numerous sub-parallel fault zones and hydrothermal breccia veins located structurally below an interpreted silica-cap. These faults are located adjacent to a pophyritic, pyrite-sericite altered quartz-diorite intrusion which returned anomalous gold values of up to 0.3 g/t gold in grab samples. Lydian's zoti License conditions require submission of an Environmental Impact Assessment and interim report on potential resources within 24 months. Lydian has had Georgia in its sights since early 2006 and has conducted various in-country investment and geological reviews. The country is considered highly prospective for gold and has entered a period of committed reform and rapid growth
Nearby Location News
First Quantum Minerals Announces Its 2015 Production and Sales 2016-02-01
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2016) - First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX:FM)(LSE:FQM) today announced its production and sales for the three months and year ended December 31, 2015.
Mediterranean Announces the Closing of the Sale of Its Turkish Property 2015-03-02
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2015) - Mediterranean Resources Ltd. (the "Company") (TSX VENTURE:MNR.H)(OTC PINK:MNRUF) is pleased to announce it has now closed the sale of its remaining 80% interest in Akdeniz Resources Madencilik A.S. ("Akdeniz") to Cengiz Kaya (the "Purchaser").
Commencement of Drilling on Copper Target, Bolnisi 0000-00-00Market News alert Noricum Gold Limited
Significantly Increases Size of Au & Cu Target 0000-00-00Market News alert Noricum Gold Limited
Drill Results at the Kvemo Bolnisi Project 0000-00-00Market News alert Georgian Mining Corporation