Lydian International Ltd (TSX: LYD) said it has begun its 2009 drilling program at the Amulsar gold discovery in Armenia aimed at delineating the extents and reveal the size potential of the gold mineralized system.
It has contracted International Drilling Services for 14,000 metres of combined diamond and reverse circulation drilling.
Drill holes will step out systematically from a centre corresponding to the current 1 million ounces resource and will follow extensions of known surface gold mineralization and corresponding subsurface geophysical anomalies over an area of at least 6 square kilometres.
Lydian was recently granted a 25 year mining license at Amulsar and has now merged existing exploration licenses such that the mining license is surrounded by 113 square kilometres of contiguous exploration licenses.
President and CEO Tim Coughlin said: "Last year's program was designed to define an initial resource and satisfy regulatory requirements leading to the granting of our mining license. Now, following regulatory approval and the successful amalgamation of surrounding exploration licenses, the aim for 2009 is clearly to step out and test the true size potential of this exciting new gold discovery."http://www.proactiveinvestors.co.uk
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