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New Gold Zone Discovered in Armenia

Lydian International said Monday it discovered a new high-grade gold zone at its Amulsar project in Armenia, with results of 40m at 5.6g/t gold, reads a press release by the company. 

Lydian International Ltd. is a mineral exploration and development company.

The drill intersection from hole RCA-301, which was uncovered through resource extension drilling at the site, was located to the southeast of the Artavasdes area.

Lydian said the hole was drilled to test a 1km long northeast-southwest trending fault structure.

“Drill hole RCA-301 amplifies the message that there are more surprises in store at Amulsar,” said president and CEO Tim Coughlin.

The Amulsar group of licenses is 95% owned by Lydian’s Armenian subsidiary.