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March 29
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Lydian International Ltd. (TSX:LYD) released the results of an updated feasibility study for its Armenia-based Amulsar gold project, Gold Investing News website reported.

Howard Stevenson, president and CEO of Lydian, commented:

“This study produced an excellent outcome from both technical and economic perspectives.”

The study highlights include a total recoverable gold of 2.1 million ounces (around 60,000 kg) over a 10.4 year mine life, 84% gold recoveries, and gold production averaging over 200,000 ounces (around 5,600 kg) per year.

Lydian International commented that the study results show Amulsar is “a compelling opportunity for the development of a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.”

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