Prospecting Work at Amoulsar Gold Mine in Armenia Had Inspiring Results

Prospecting Work at Amoulsar Gold Mine in Armenia Had Inspiring Results

News.am

“FoxDavies” Brokerage Firm stated that it is very “inspired” by the results if recent prospecting work conducted by “Lydian International” which revealed very good “early symptoms” that Amoulsar project of 2,5 million ounces gold in Armenia may expand to the south-west beyond the ranges of current resource zone.

In this regard “Lydian International” Executive Director Tim Collin said: “These first results of prospecting works are very good early symptoms that system of gold mineralization at Amoulsar  stretches to the south-west, at least not one kilometer from the current mine, and it maybe 500 meters below the current layer.”

July 12, 2011 at 07:38