New Gold Zone Discovered in Armenia
Epress.am ()
Nov. 1, 2010
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.
From: A. Papazian
Disclaimer: This article was contributed and translated into English by Andres-Papazian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2010/11/02/new-gold-zone-discovered-in-armenia/