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Strategies & Market Trends : Ride the Tiger with CD

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To: Veteran98 who wrote (203930)	9/20/2011 12:15:20 PM
From: Veteran98	Read Replies (1) of 312711

LYD... Canaccord Morning Coffee.... Lydian International* (LYD : TSX : $3.09), Net Change: 0.12, % Change: 4.04%, Volume: 424,730 More of the good stuff. Lydian rallied after announcing results from a further 32 drill holes at its Amulsar gold project in Armenia. Highlights include: i) Infill drill holes RCA-388, RCA-389 and RCA-390 intersected 156 m at 1.7 g/t, 54 m at 1.1 g/t and 53 m at 1.3 g/t gold in a new area of higher grade mineralization located on the eastern flank of Artavasdes. Drill holes at the nearby Arshak area RCA-386 (11 m and 25 m at 1.1 g/t gold), RCA-392 (25 m at 1.0g/t gold) and RCA-393 (12 m at 1.0 g/t gold) suggest continuity of gold mineralization between Artavasdes and Arshak and will add new gold resources in this area; ii) Drill hole DDA-147 targeted a cross-cutting northwest trending vein-breccia body on the northeastern extent of Tigranes and intersected from surface 20 meters at 1.9 g/t gold as well as a deeper intersection of 63 m at 2.0g/t gold. Along with previous drilling, this drill hole further extends the area of proposed starter pit mineralization at Amulsar and confirms the presence of higher-grade cross-cutting (northwest trending) vein-breccia bodies in the area; iii) Drill hole RCA-384 located approximately 150m to the northeast of the current pit shell at Tigranes, intersected 17 m at 1.3 g/t gold and 42 m at 1.0 g/t gold. These results further confirm that gold mineralization remains open towards the northeast at Amulsar. Amulsar is a high-sulfidation style gold project which currently hosts a CIM compliant combined Indicated and Inferred Category Resource of 2.5 million ounces at 1.0g/t gold (1.1 million ounces at 1.1 g/t gold in the Indicated Category and 1.4 million ounces at 0.9 g/t gold in the Inferred Category).

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