Levon Resources

Published : February 12th, 2009

JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPERTY

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Keywords :   Canada | G Mexico | Gold | Lead | Mexico | Molybdenum | Silver | Zinc |



 

TSX Venture: LVN
OTC: LVNVF
Frankfurt/Berlin: LO9

52-week range $0.05 - $0.16
Shares Outstanding 45,239,483

Investor Relations: 604.682.3701


LEVON RESOURCES LTD. ANNOUNCES JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPERTY, CHIHUAHUA, MEXICO

Levon Resources Ltd. (�Levon�) is pleased to announce it has signed a Letter of Intent with Valley High Ventures (�Valley High�), whereby Levon will earn a 51% interest from Valley High by spending $1,250,000 Cdn. by the end of February 2013 with a first year commitment of $250,000 to explore and develop their wholly owned Cordero-Sanson Property (�Cordero�) 37 km northeast of the town of Hidalgo Del Parral, in the state of Chihuahua in north central Mexico.

Cordero encompasses a high level, porphyry style silver, gold, lead, zinc, and molybdenum district located in rolling cattle country and accessed by state highways.  A nearby rail head serves the mining district at Hidalgo Del Parral.  Cordero is one of several major porphyry plays within an emerging Chihuahua-Zactatecas porphyry belt which includes Penasquito (Gold Corp), Camino Rojo (Canplats), San Agustin (Geologix) and others.

Ron Tremblay, President of Levon comments, �For the last year and half we have been pursuing early to mid-stage exploration properties in North America with large scale upside discovery and development potential.  Cordero is an ideal and timely fit.  We believe the current Cordero exploration results and property geology, offer potential upside discovery and development that can be capitalized on through our joint venture.�

�In Chihuahua and Zacatecas there are a number of new discoveries in an area that is starting to appear to be a major Au, Ag, Pb, Zn, porphyry belt in Mexico.  Cordero covers well mineralized intrusive centres that have not been fully appreciated or explored within this belt.  Cordero geology and drill results are comparable to known deposits and discoveries within this emerging belt.  Small scale, ongoing underground production on high grade silver, zinc breccias and vein zones at Cordero locally, contain significant gold values and support the broader exploration potential for major deposits with porphyry controls we see at the property. Mexico has sound reformed mining laws and a mining friendly culture, talented people with a strong work ethic, and a vibrant economy, which supports thriving mining and exploration.  Major discoveries are being made by the recognition of new types of deposits within the traditional mining areas and elsewhere.�

The Cordero property covers an entire district and is approximately 10,000 hectares (24,500 acres). The mining claims are wholly owned by Valley High Ventures by agreement with long standing ranch families and small local mining companies.  

Within the joint venture, Valley High will operate until Levon vests..  During the vesting period, Levon will provide technical input and geologic services to complete the data synthesis, integration, targeting and drill testing.  

Levon is looking forward to participating with Valley High in the Cordero project to define and test its full potential.

C. Victor Chevillon, M.Sc., C.P.G. has reviewed and approved the content of this press release and is a qualified person as defined by NI43-101.

Levon is a junior gold exploration company with key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada, and the Norma Sass and Ruf claims near the Pipeline gold deposit being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA.

For further information contact Levon Resources Ltd. at (604) 682-3701, or log onto our website www.levon.com.


ON BEHALF OF THE BOARD

�Ron Tremblay�
______________________________
Ron Tremblay
President




The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.



This email may contain certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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Levon Resources

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CODE : LVN.V
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Levon is a silver and zinc development stage company based in Canada.

Levon holds various exploration projects in Canada.

Its main exploration properties are CONGRESS PROPERTY, EAGLE CLAIMS (CORRALL CANYON), NORMA SASS CLAIMS, RUF, BRX (GOLD BRIDGE AREA) and MT. POLLEY in Canada and CORDERO-SANSON in Mexico.

Levon is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 186.9 millions as of today (US$ 187.0 millions, € 141.7 millions).

Its stock quote reached its lowest recent point on January 23, 2009 at CA$ 0.05, and its highest recent level on April 21, 2011 at CA$ 2.38.

Levon has 198 821 000 shares outstanding.

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Annual reports of Levon Resources
2008 Annual report
Annual Reprot 2007
Financings of Levon Resources
7/31/2009Closes $800,000 Non Brokered Private Placement
6/22/2009Non-brokered private placement to advance Cordero project an...
Nominations of Levon Resources
3/29/2011WELCOMES TWO NEW BOARD MEMBERS
2/24/2009APPOINTMENT OF VICE PRESIDENT - EXPLORATION
9/10/2007NEW APPOINTMENT TO THE BOARD OF DIRECTORS
Project news of Levon Resources
4/5/2017to Complete Resource Infill Drilling to Test a Starter Pit S...
5/5/2011(Congress Property)Clarifies Technical Disclosure Related to Its Congress Prope...
3/17/2011(Cordero-sanson)Discovers High Grade Contact Replacement Style Mineralizatio...
4/7/2010(Cordero-sanson)Phase 2 Drilling at Cordero Project
9/2/2009(Cordero-sanson)Trenching expands targets at Cordero Project, Mexico
6/10/2009(Cordero-sanson)Exploration at Cordero Discovers New Zone and Expands the Di...
3/2/2009(Cordero-sanson) & Valley High Begin Work at the Cordero Silver, Gold, Lead,...
Corporate news of Levon Resources
6/27/2011LEVON'S WARRANTS EXERCISED IN FULL
6/21/2011Reports First Bulk Tonnage NI 43-101 Compliant Resource at I...
5/19/2011ANNOUNCES CLOSING OF $40,170,000 OFFERING
4/30/2011Accelerates the Expiry of Former Valley High Warrants
4/28/2011ACCELERATES EXPIRY OF WARRANTS
4/13/2011We Will Be Moving Thursday April 14th
4/11/2011RESOURCED LTD. INCREASES SIZE OF BOUGHT DEAL FINANCING TO $4...
3/26/2011COMPLETES ACQUISITION OF VALLEY HIGH VENTURES
3/22/2011ANNOUNCES THAT VALLEY HIGH SHAREHOLDERS AND OPTION HOLDERS A...
2/12/2009JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPE...
1/23/2009EARLY WARNING REPORT
11/5/2008Letter to the Shareholders
9/24/2008CONGRESS PROPERTY, BC DRILLING SUMMARY REPORT RELEASED
8/28/2007Announces Investor Relations Agreement
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