News Commentary – February 20, 2008
Last week Lydian International Ltd. a diversified U.K. mineral exploration and development company announced positive results from soil and trench sampling
from its Rahovec project in Kosovo. The initial soil-sampling program indicated potentially significant gold deposits.
The soil-sampling program also returned significant results for Nickel and Cobalt too.
"This is an exciting new gold discovery in an area that was previously known only for its Ni-Co-Cu-(PGE) potential," said Tim Coughlin, President and CEO. "The soil geochemistry has defined a large and drill-ready target area."
Test drilling to determine the exact nature and extent of the mineral deposits is expected to commence in the next 3 weeks.
Located in Eastern Kosovo, the project is known to contain sulphide Ni-Co-Cu mineralisation, which is thought to be similar to deposits seen in Western Australia and Northern Canada. The area also has potential for Cr-(PGE) mineralisation and bauxite.
To view soil geochemistry and trench results - Gold anomaly identified in the Rahovec License, visit the following link: http://media3.marketwire.com/docs/lydianfig1.pdf
To view soil geochemistry and trench results - Nickel anomalies identified in the Rahovec License, visit the following link: http://media3.marketwire.com/docs/lydianfig2.pdf
Mineral exploration has been ongoing in the region for the past two years now and according to the International Herald Tribune
: “Kosovo likewise has significant natural resources, including some of the largest lignite coal deposits in Europe. There are also reserves of lead, zinc, uranium, silver…and copper.”
All of which may explain why Presiden Bush
and major European powers had backed calls for an independent Kosovo
, foremost among the U.K..
This was probably no coincidence for it was a British mineral exploration company that was responsible for the soil testing. Did they refer their findings to the British government and did they promise to back calls for an independent Kosovo in return for preferential treatment for British companies exploiting Kosovo’s mineral deposits?
If so it’s another example of how big money and government now work hand-in-hand. With political decisions being determined by profit as much as anything else.
No doubt the City of London will accrue benefits from this deal too. As it did over a century ago when Rothschild minions the Oppenheimers and their company Anglo-American
began exploiting South Africa's gold and diamond deposits.
Last updated 26/02/2008