High-Grade Rock and Soil Geochemical Results Warrant Drill Testing
TORONTO, Canada January 24, 2008 – Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced the results of reconnaissance rock-chip sampling and orientation soil sampling at its Crepulje project in Kosovo. The rock-chip samples have returned extremely high grades for zinc and high-grades for lead (up to 49.3% zinc and 9.2% lead), with 90% of grab samples returning greater than 30% combined zinc and lead (see Table 1) over an area of some 200 by 400 metres near former Yugoslav exploration workings. Results from orientation soil sampling have extended the potential for higher grade zinc and lead mineralisation at Crepulje (up to 13.7% zinc and 3.3% lead in soil; see Table 2 and Figures 1 and 2). This soil sampling was conducted along lines crossing the extensive 5km long former Yugoslav soil geochemical anomaly.
“These new high-grade results are very encouraging, especially given the regional extent of the known mineralisation at Crepulje,” said Tim Coughlin, President and CEO of Lydian. “The technology to recover zinc and lead from such non-sulphide type deposits has developed significantly since this project was last worked on in the 1960’s and 1970’s. Our next steps will be channel sampling, geophysics and further soil sampling, leading to drill testing this summer. It is rewarding to know we will be conducting further work on this project, given the region around Crepulje could benefit enormously from increased inward investment,” said Mr. Coughlin. “Lydian is very proud to be part of the reconstruction and development process in Kosovo.”
The Crepulje project is located in Northern Kosovo, Lydian was granted an exploration license in 2006. Crepulje demonstrates some features consistent with supergene, nonsulphidezincdeposits ofdirect replacement-type(such as Accha, Peru; Angouran and Mehdiabad,Iran) and wallrock replacement-type systems (such as Scorpion, Namibia and Long Keng, Myanmar).
About Lydian International
Lydian is a diversified U.K. mineral exploration and development company, with expertise employing “first mover” strategies in emerging exploration environments. The Company is currently focused on Eastern Europe, exploring in the Balkan and Caucasus regions, and is developing advanced precious and base metal assets located in former Soviet Armenia and in emerging Kosovo.
Lydian’s management team has a track record of success in grassroots discovery, in acquiring and developing undervalued assets, and in building companies. Lydian has a strong social agenda and a deep understanding of the complex social and political issues that characterise emerging environments.
The Company’s 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 Balkans region, and operates a 50/50 gold and copper exploration joint venture with Newmont Overseas Exploration Limited, a subsidiary of 5Newmont Mining Corporation (NSYE & ASX:NEMS, TSX:NMC), in the Caucasus region.
Lydian’s two largest shareholders are Newmont Mineral Holdings B.V., and International Finance Corporation (part of the World Bank Group). Lydian’s web site is www.lydianinternational.co.uk where more information can be found.
Dr. Tim Coughlin BSc, MSc, PhD, MAusIMM; Lydian's President and CEO is the Qualified Person overseeing Lydian's exploration programmes. Dr. Coughlin has supervised the preparation of the technical information contained in this press release.
Lydian employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. Lydian samples - 2 to 3 kg of rock, rockchip, or drill core per sample. Samples are bagged, labeled, sealed and dispatched to ALS Chemex analytical laboratory in Rosia Montana, Romania. At the Laboratory after fine crushing at less than 2mm (70%), subsequent riffle split, followed by a 1000g split pulverised to less than 75micron (85%), a 50g aliquot is analysed for gold by fire assay with an atomic absorption spectroscopy (AAS) finish. The remainder is sent by ALS Chemex to its laboratory in Perth (pending registration to ISO 9001:2000) or Vancouver (ISO17025), where the sample is subject to four acid digestion and analysis for 33 elements by ICPMS(ALS'ME-ICP61 package). ALS Chemex carries out regular checks by duplicating gold analyses for several samples,and by inserting its own blanks and standards as part of its own Quality Management System. Lydian prepares its samples and dispatches to ALS Chemex with inclusion of blanks, duplicates, and three standards with different gold concentrations with random numbering.
For more information, please contact:
President and CEO
+44 7717 204300
VP Investor Relations
416-599-7363 x 240
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