Lydian International Purchases Amulsar Gold Project

Lydian International Limited (TSX:LYD) reported that the company has completed closing of its previously announced purchase from Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM), all of Newmont’s interest in the joint venture between Lydian and Newmont known as the Caucasus Venture, including all of Newmont’s interest in the Lydian discovered Amulsar gold property in Armenia.

The press release is quoted as saying:

Lydian is a diversified mineral exploration and development company with expertise employing “first mover” strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe developing advanced precious and base metal assets in Armenia and in Kosovo (under UNSCR 1244). The two main projects are gold at Amulsar in Armenia, and zinc, lead, silver and gold at Drazhnje in Kosovo. Lydian also has a pipeline of promising gold and base metal exploration projects in the Caucasus and Balkans regions.

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