Drill Testing of Positive Gold Results from 6 Trenches Underway
TORONTO, Canada Feburary 26th, 2008 – Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced it has intersected significant gold grades including 51m at 1.25g/t gold, 38m at 1.08g/t gold and 31m at 1.33g/t gold, in six trenches across a 250m long zone of exposed sulphide gossan at its Trpeza prospect (Drazhnje project) in Kosovo (See Figure 1). Intersections are summarised in the table below.
“The Trpeza prospect hosts open-pit potential and is located just 1km north of our Drazhnje underground Zinc, Lead and Silver project,” said Tim Coughlin, President and CEO of Lydian. “The drilling and geophysics should outline the depth and surface extent of the system, surface mapping and geophysics suggests it extends for at-least another 800m to the north and possibly further beneath covering volcanic rocks”
The Trpeza area was explored by Former Yugoslav workers in the 1980’s but according to records was not tested for gold. The gold potential of the Trpeza area was recognised after Lydian’s initial two-hole scout drilling programme in 2007 which returned DDZ-19, 18m @ 0.86g/t gold and DDZ20, 13m @ 1.8 g/t gold from surface. Trenching was then extended along a former Yugoslav geophysical anomaly to the north of these two drill holes. The Yugoslav geophysics suggests that the gold zone extends for a further 800m to the north (see Figure 1).
A fence of three diamond drill holes is currently underway across the Trpeza prospect to the north of KTR-12 (see Figure 2) and a ground geophysical survey (TDEM) is planned for March 2008. Results from drilling are expected in the next two weeks.
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 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 (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 iswww.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. All assay work for the released results was carried out by ALS Chemex analytical laboratory in Rosia Montana, Romania, in Perth Australia, or in Vancouver, BC. Please see Lydian’s web site for more information.
For more information, please contact:
President and CEO
+44 7717 204300
VP Investor Relations
+416 599-7363 x 2404
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