Drilling reveals potential for further high-grade gold in northwest-southeast oriented fault-breccia structures and extends resource towards the southeast. 9 drill rigs now on-site.
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Results have been received from a further 18 drill holes at Amulsar comprising primarily exploration drill holes at Erato and infill drilling from the Tigranes and Artavasdes areas (see Table and Figure in Appendix).
At Tigranes, DDA-111 was drilled towards the southwest and intersected 69 meters at 3.8g/t gold (including 32 meters at 7.9g/t gold) in an outcropping northwest trending high-grade fault-breccia structure (“feeder”). This structure cross-cuts the northeast oriented normal faults that tend to dominate in the Tigranes area. RCA-348 was also drilled towards the southwest at Tigranes and intersected 110 meters at 1.0g/t gold and 21 meters at 2.9g/t gold in another cross-cutting fault-breccia structure. Structural analyses on mineralized core intervals conducted over the winter and new detailed fault-mapping completed earlier this year have revealed that much of the higher grade gold mineralization at Amulsar is oriented northwest-southeast and parallel to an inferred caldera-margin fault structure which extends for at-least 4 kilometers from Arshak through to Erato. These new intersections and the incorporation of further cross-cutting higher grade structures will contribute significantly to the updated resource estimate at Amulsar and to the identification of further drill targets along the ridge top.
Drill holes RCA-339 through to RCA-346 were drilled towards the southeast along the southeastern extent of the current resource shell between Artavasdes and Tigranes. Intersections in this area include RCA-339; 29 meters at 1.6g/t gold, RCA-341; 26 meters at 1.0g/t gold, RCA-342; 53 meters at 1.0g/t gold and RCA-343; 33 meters at 1.0g/t gold. These drill holes extend the current resource shell (and thus the current pit shell; see Figure in Appendix) towards the southeast.
Drill hole DDA-116 targeted a complex zone of intersecting northeast-southwest oriented normal faults and northwest-southeast oriented wrench faults (caldera-margin) at Artavasdes and intersected 119 meters at 1.3g/t gold.
This is really good educational content which I value. I convey my enthusiastic appreciation for your ‘teaching’ modules. Thanks for this snippet, silverax, and for your contributions also, zurbo.
btw, I am just now discovering the motherlode accessible from the ‘Reviews’ tab.
ditto, and also agreed, makes for more error-prone consumption having multiple info sources (even if you know about them).
@Dave
The point is actually to consolidate all the info — for example the reviews also appear on the “company index” page. And we also have separate RSS feed for each review type. And there will be more ways to connect all the data into a cohesive source of information as well. We also plan to do some instructions and videos on this so that subscribers will have the full benefit of what we are trying to build here, which is completely different from anything that has been tried before.
@silverax
I’m all in favour of consolidation, great stuff, thanks, but just addressing that does necessarily imply a complete solution?
To avoid over-looking new material a (foolproof) single source of new-post links is required?
@Dave
This is not a newsletter or a blog (any more). You can avoid overlooking new material already the same way you would do it on any website that is more than a blog — you have to find where the content is and then periodically visit that area. All new analysis and reviews appear on the front page (until replaced by newer content) so that is obviously where you should look first. Comments are in sequential order on the right side bar along with a time stamp for when they were made. Beyond that we don’t have too much content being added but when we do the new stuff will appear on the home page. I don’t know yet how we will deal with new companies being added to the index but when we do have a company that is complete with all links and summaries, we will put it into a random rotation on the home page along with other companies that are complete. We’ll do the same treatment for new features as well and you can also set up anything on the website with RSS feeds. Beyond that, I guess you’ll have to give me an example of what other website has a “(foolproof) single source” that is not “just” a blog.
@silverax
How about an RSS reader on the page with all your feeds connected then?
Sorry, but I don’t want to have to subscribe to each topic’s feed, and in fact I don’t want a feed at all, the email of the new articles suits me.
When I come back to the site I like to see at a quick glance what’s new, and would be interested to hear whether others feel the same.
I’m sorry if I don’t sound interested in all the new bells and whistles, I’m just an old fart I’m afraid and I know you can’t please all the people all the time – but I don’t have anything against bling either, as long as it coexists with the ease of consumption of text.
BTW: It is possible to drag the comment box resizer out of the surrounding cell. If you accidentally let go (mouse up) it is impossible to get it back so you then can’t bring the scrollbar and/or text back into view.
@Dave
Dave, we appreciate the suggestions and in some cases are already ahead of them! For example, the mailing list now updates for all new analysis and reviews — we don’t quite have it summarized yet in a single list but at least it’s all in the email as of now. The reason we don’t have it summarized is because we are still working on the “all RSS feeds in the same place”!!! So I think we are basically on the same page and will continue to keep all suggestions in mind as we strive to improve the website so that it can be a great tool for communicating ideas and keeping subscribers/visitors updated about the latest happenings. My point before was that there are a number of ways to look at the website and as you stated it is not possible to design it for the way everybody would prefer.
Thanks also for the comment on the box resizing, it seems to be a default with some of these boxes but we will look into something better!
Caldera resources says that the Arbitration hearing pending before the American Arbitration Association in New York City, about the issue of the illegal termination of the joint venture by Global Gold, is scheduled to commence today.
Like Lydian, Caldera is a PM explorer developer in Armenia, and it holds a 55% interest in the Marjan gold-silver project (50 M oz Ag and 1 M oz Au in russian reserves and resources) with a purchase obligation to acquire 100% of the project from Global Gold Corporation, by making certain payments by December 2012. But they do have a pending arbitration that the market dislike. Unlike Lydian, Caldera is only worth 4 M cad MC (or about 2% of LYD!), if the arbitration is not going to be a complete loss, maybe it would be a good idea to buy some lottery tickets here for an high risk high reward play.
@Giuseppe
Lydian and Caldera are completely different animals and do not belong in the same discussion. Also, I am not inclided to buy that lottery ticket because I’m not sure that the legal issue is why the shares are trading where they are. Once that is resolved, assuming it is something that kept investors away, it might be worthwhile to look at it but the reason would be that they are making progress. I am not seeing drilling that gives me great confidence of such progress.
another old fart chiming in… I make considerable effort (in spurts, as staying power is waning). But, my workspace is full of paper; I wish the dollar number of my bank balance was equal to the number of undeleted, to be considered messages in my INBOX; and my RSS reader is another info aggregator which is out of control.
Anybody else out there with an opinion to share – preferably, in support of GOOF (Gathering Of Old Farts)?
I agree with Dave. A email identifying your new commentary – analysis, articles, reviews, whatever – is fine by me. When I come to the site, a one stop check for new material and fresh comments is my path of choice.
@joey
If anybody is going to discover the Holy Grail of easy website info-finding, surely it will be us! But seriously, we do plan to have an “All RSS Feed” that people can stay updated with and also we will try to do a page that has a list of all the latest (essentially like the home page but just a list of the analysis/review titles). If that doesn’t work, we’ll keep trying different things until that Holy Grail is finally ours!
A new portfolio Remark has been added for Lydian (subscriber-only):
http://www.metalaugmentor.com/our-portfolios/overview/