Amulsar gold project current rehabilitation, recultivation, environmental activities
Lydian International is a mineral exploration and development company with expertise in discovering and developing new gold projects in unfamiliar and frontier settings.
Amulsar gold project based in Southern Armenia was a grassroot discovery made by Lydian International in 2006. As of March 2013 the deposit currently hosts a Global gold resource of 1.8Moz at 1.1 g/t in Measured, 0.6Moz at 1.0 g/t in Indicated and 1.7Moz at 0.8 g/t in Inferred at a 0.3 g/t gold cut-off. M&I mineral resources at Amulsar are commonly surrounded laterally and sometimes at depth by a halo of Inferred category resource.
The 2013 drill program has focused on deep drilling below the current pit-shell and infill drilling those areas of Inferred category resources residing within the March 2013 Resource pit-shell, with the aim being to convert them to mineral reserves. The desposit is still open in all directions, including depth with a two year construction period and full production estimated for 2016.
With a strong social agenda and unique understanding of the complex political backdrop to this region, Lydian develops its projects responsibly with exceptional emphasis on social and environmental awareness and care. The company minimises environmental impact and engages local communities in order to deliver sustainable social development initiatives.
Lydian’s major shareholders are the International Finance Corporation, part of the World Bank Group, and The European Bank for Reconstruction and Development. Both these entities provide influential in-country support and valuable advice to manage environmental, social and governance risks.