Epress.am News from 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.