TORONTO, Ontario, September 18, 2013. Lydian International Ltd. (TSX: LYD) (“Lydian” or “the Company”), a gold-focused mineral exploration and development company, is pleased to announce that Mr. Marc Leduc has been appointed as Chief Operating Officer of the Company.
Mr. Leduc is a mining engineer and geologist with experience involving all aspects of the development, operations, planning and evaluation of mining projects. He has led technical teams in the design, operation and construction of large mines, heap leach (including valley-fill heap leach) and tailings facilities in the United States, Costa Rica, Mexico, Chile and Peru. Mr. Leduc has also worked in the area of complex metallurgy, site water management, heap planning and has used innovative solutions to solve environmental concerns at different sites around the world. In Peru, Mr. Leduc worked for Barrick Gold as Chief Engineer for the design, construction and initial operation of the Pierina valley-fill heap leach gold mine and, until recently, he served as the President and Chief Operating Officer of Bear Creek Mining. Mr. Leduc holds a B.Sc. degree in Geology and a B.Sc. (Honours) degree in Mining Engineering, and is a Professional Engineer in Ontario and British Columbia and member of the Society for Mining Metallurgy and Exploration and the Canadian Institute of Mining and Metallurgy.
Commenting on the appointment of Mr. Leduc, Tim Coughlin, Lydian’s President and Chief Executive Officer said “We are very pleased to welcome Marc to the team. Marc brings extremely valuable valley-fill heap leach, mining, metallurgical and environmental experience to the Company. In his new role he will have the responsibility for achieving the Company's operational objectives, including finalizing the Company's evaluation and implementation of important planned modifications to earlier site designs at Amulsar, including with respect to the location of the Company’s planned heap leach processing facility and the related reconfiguration and optimisation of its mine design.”
About Lydian International
Lydian is a gold-focused mineral exploration and development company with expertise employing “first mover” strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe and, in particular, developing its flagship Amulsar gold project in Armenia. Lydian also has a pipeline of promising early-stage gold and base metal exploration projects in the Caucasus regions.
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 significant shareholders include the International Finance Corporation which is a member of the World Bank Group and the European Bank for Reconstruction and Development. More information can be found on Lydian’s web site at www.lydianinternational.co.uk.
For further information please contact:
+44 (0)1534 715473
+44 (0)7797 742800