Potential to add Significant Value to Existing Historical Resource
TORONTO, Canada April 15th, 2008 – Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced preliminary drill results from the Trpeza and St.Barbara areas of its Drazhnje project in Kosovo. Both Trpeza and St.Barbara areas are located outside of the existing historical resource at Drazhnje and are currently being drill tested as part of Lydian’s strategy aimed at verifying and significantly expanding the historical resource (Figure 1).
At Trpeza, a fence of drill holes located adjacent to a trench which returned 51m @ 1.25g/t gold has outlined a shallow to steeply northeast dipping zone with gold and base metal grades in oxide material apparently increasing at depth (best intersection 17m@ 1.32g/tgold and 1.39% lead and zinc; Figure 2). Approximately 900mto the southeast of Trpeza, drilling at the St.Barbara area has intersected a massive sulphide body of approximately 10 mestimated true width, extending from surface to at-least 90m depth and open in all directions (Figure 2). The strike extent of this new massive sulphide mineralisation is interpreted to follow a historical IP-geophysical anomaly north west ward for some 900 m towards the Trpezaarea, and potentially a further 800m beyond that (Figure 1). Final assay results from the St. Barbara area are pending repeat analysis of samples that returned greater than 30% zincand 20% lead in the laboratory. Infill fence drilling and further geophysics is currently underway between the Trpeza and St. Barbaraareas.
“The drilling at Trpeza and St.Barbara has identified what appears to be an upper and more gold dominant and potentially open-pittable zone, and a lower zinc-lead sulphide zone which at St.Barbara is about 10m wide and likely to be quite high-grade,” said Tim Coughlin, President and CEO of Lydian. “If the base-metal sulphide zone extends continuously along the IP-geophysical anomaly beneath and beyond the gold zone at Trpeza, then it could be 1.7 km long. If the grade and width is maintained then, together with the current resources, we are well on the way to building Drazhnje into a significant resource”
The Drazhnje project is a historic exploration project located in central eastern Kosovo and with former Yugoslav resources of 4.7Mt at 4.9%Zn, 2.4%Pb and 45g/t Ag in A, B and C1 categories and a further 2Mt at 5.76%Zn, 3.23%Pb and 45g/t Ag in C2 category (not JORC compliant).
In 2006 Lydian completed an initial combined confirmatory and exploratory drilling programme of some 2500m in 20 diamond drill holes and is currently drilling a further 6000m on targets outside the historic resource. The Company is also preparing to open underground access for sampling and underground drilling to convert the historic resource into JORC compliant reserves.
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 Armenia and in 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 unique 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 Newmont Mining Corporation (NYSE & 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 MAusIMM; 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. All assay work for the released results was carried out by ALS Chemex analytical laboratory in Rosia Montania, Romania, in Perth Australia, or in Vancouver, BC. Please see Lydian’s web site for more information. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and Lydian is not treating the historical estimate as current mineral resources. The historical estimate should not be relied upon.
For more information, please contact:
VP Investor Relations
+416 599-7363 x 2404
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