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LEVON'S
PHASE 2 DRILLING AT CORDERO PROJECT, MEXICO RETURNS 260 METRES
GRADING 45.8 g/T SILVER, 0.34 g/T GOLD, 0.44% ZINC AND 0.61 % LEAD
Levon Resources Ltd. ("Levon")
(TSXV Symbol LVN.V) is pleased to announce the results of the first 13
holes completed in the phase 2 drill programs at the Cordero silver,
gold, zinc, lead, porphyry district located 35 kilometres northeast of
Hidalgo Del Parral, Chihuahua, Mexico. Highlights
of the results include hole C10-10 that returned
260 metres grading 45.8 g/T Ag, 0.34 g/T Au, 0.44% Zn and 0.61 % Pb beginning at 4 metres depth from the Pozo de Plata zone.
Phase two drilling began January 12th and continues with two diamond
drill rigs. Twenty seven holes have been completed to date in the
2010 Phase 2 program (C10-9 through C10-37); assays results have been
received for thirteen holes and are summarized below. Sample lengths
reported are core intervals and true widths are not known.
Table 1: Phase 2 Summary Drill Results- Pozo Plata Zone
Hole
|
From (m)
|
To (m)
|
Length (m)
|
Ag (g/T)
|
Au (g/T)
|
Zn (%)
|
Pb (%)
|
Ag equiv. (g/T)
|
C10-9
|
22.0
|
224..0
|
202.0
|
24.3
|
0.31
|
0.34
|
0.35
|
64
|
C10-10
|
4.0
|
264.0
|
260.0
|
45.8
|
0.34
|
0.61
|
0.61
|
99
|
C10-11
|
52.0
|
146.0
|
94.0
|
49.2
|
0.31
|
0.75
|
0.75
|
117
|
C10-11
|
204.0
|
230.0
|
26.0
|
18.2
|
0.63
|
0.23
|
0.23
|
69
|
C10-12
|
12.0
|
48.0
|
36.0
|
103.2
|
0.11
|
1.22
|
1.22
|
159
|
C10-12
|
62.0
|
76..0
|
14.0
|
26.0
|
0.15
|
0.40
|
0.40
|
57
|
C10-12
|
104.0
|
118.0
|
14.0
|
114.8
|
0.74
|
1.62
|
1.62
|
262
|
C10-12
|
152.0
|
184.0
|
32.0
|
39.3
|
0.22
|
0.65
|
0.65
|
100
|
C10-14
|
38.0
|
140.0
|
102.0
|
49.3
|
0.25
|
0.78
|
0.78
|
113
|
C10-18
|
8.0
|
250.0
|
242..0
|
47.0
|
0.26
|
0.69
|
0.69
|
106
|
C10-22
|
12.0
|
50.0
|
38.0
|
31.3
|
0..22
|
0.42
|
0.42
|
82
|
C10-22
|
104.0
|
138.0
|
34.0
|
28.4
|
0.14
|
0.46
|
0.46
|
65
|
* Silver equivalent calculated using
the following metal prices: silver at $15 per ounce, gold at $1000 per
ounce, zinc at 90 cents per pound and lead at 90 cents per pound and
assumed net metal recoveries (metallurgical and smelter deductions) of
70% for silver and gold and 50% for zinc and lead. Actual metal
recoveries have not been determined.
Pozo De Plata Zone
Analytical results have been received for seven holes drilled on the Pozo
de Plata zone and are summarized in table 1 and plotted on figure
1. Holes 9, 10, 11 and 14 were drilled on a north south section
that includes previously drilled hole C09-5 (see news release dated Nov.
3, 2009).
Hole 18 and 22 were drilled from the same site in a fence 50 metres east
of hole 5, and hole 12 was drilled on a fence 50 metres west of hole
5. See figure 1 and 2 for relative drill hole
locations, and refer to the website (www.Levon.com) for drill hole
locations, azimuths and dips. All holes cored variable proportions
of polylithic diatreme breccias, dyke breccias, and bottomed in limestone
country rock. Diatremes are comprised of limestone, rhyolite and
dacite clasts with fine grained matrix and are intruded by rhyolite and
dacite breccia dykes (syn-breccia dykes). Contacts of all rock
types are entirely gradational, often over several meters including those
with country rocks. Mineralization occurs as clasts within the
matrix, and as cross cutting veins of sphalerite, galena and possible
silver sulphosalts.
Dos Mil Diez Zone
The Dos Mil Diez Zone is located 1.7 kilometres southwest of the Pozo De
Plata drilling and was exposed by trenching of a prominent colour anomaly
(see news release dated Feb. 16, 2010). The zone was drill tested
by a fence of six holes and cored in rhyolite, polylithic breccia and limestone.
Near surface, geochemically anomalous gold values were encountered in two
holes including two metres that returned 1.79 g/T Au in hole C10-15
(table 2). This target is part of a much larger intrusive complex
that is partially defined by mapping and soil geochemistry. Additional
work is planned for this area.
Table 2: Phase 2 Summary Drill Results-
Dos Mils Diez Zone
Hole
|
From (m)
|
To (m)
|
Length (m)
|
Ag (g/T)
|
Au (g/T)
|
Zn (%)
|
Pb (%)
|
C10-13
|
No significant results
|
|
|
|
|
|
|
C10-15
|
10.0
|
12.0
|
2.0
|
2.2
|
1.79
|
0.17
|
0.00
|
C10-16
|
No significant results
|
|
|
|
|
|
|
C10-17
|
No significant results
|
|
|
|
|
|
|
C10-19
|
0.0
|
2.0
|
2.0
|
7.3
|
0.77
|
0.09
|
0.06
|
C10-20
|
No significant results
|
|
|
|
|
|
|
Other Drilling
Two holes have been completed near previously drilled hole C09-8, 1200
metres east of Pozo de Plata, that had returned long intervals of silver
and zinc mineralization within strongly potassic altered intrusive and
breccia. In addition three holes have tested the mapped
extension of the Pozo De Plata diatreme breccia southeasterly from hole
C09-5 and north from a string of artisanal mines, including the Josephina
mine. Assay results for these holes are pending.
District Exploration
Geologic mapping, and rock and soil sampling is continuing southwest of
the Dos Mil Diez Diatreme Complex and has successfully identified
additional diatreme breccia intrusive centers. The most recent
addition includes the location of poorly exposed diatreme pipes within the
Molina de Viento Caldera complex located seven kilomteres on strike to
the southwest of the Pozo de Plata Diatreme. Detailed
mapping and rock chip sampling are in progress with trenches being
planned. With the addition of the Molina de Viento field of
diatremes, a sixth intrusive center has been added to the Cordero
Porphyry Belt, with a total strike length of fifteen kilometers. An
airborne magnetic, electromagnetic and radiometric survey covering the
southern Cordero Porphyry belt will be flown this month.
Ron Tremblay, President and Chief Executive Officer of Levon, commented:
"Fourteen months after forming the Joint Venture around the Cordero
Property, we are gratified with our decision to pursue massive Penasquito
type Ag, Au, Zn, Pb deposits in Mexico. The Cordero mineralized
system has grown substantially with our recognition of the mineralized
diatremes, a key rock type at Penasquito. The strike length of the
Cordero porphyry belt has doubled with 6 porphyry intrusive centers
including 3 large scale diatreme complexes. Cordero appears
to be living up to what we imagined."
All of the samples mentioned in this release were prepared and analyzed
by ALS Chemex at its labs in Chihuahua and Vancouver. Gold analyses were
performed by 30-gram fire assay with an atomic absorption
("AA") finish. Silver, zinc and lead were analyzed as part of a
multi-element inductively coupled argon plasma ("ICP") package
using a four acid digestion. The company employs a rigorous quality
assurance and quality control program consisting of control samples that
include standardized material, blanks and duplicates. AMEC Americas Ltd.
has designed the QAQC protocol from a study and review of information
provided by the company to AMEC. The project is under the
direct field supervision of Mr. Vic Chevillon, M.A., C.P.G., Levon's Vice
President of Exploration and Juan Manuel Viveros, Valley High's senior
geologist. Vic Chevillon, P.Geo, who is a qualified person within
the context of National Instrument 43-101 has read and takes
responsibility for this news release.
Levon is a junior gold and precious metals exploration company exploring
the Cordero silver, gold, zinc and lead project near Hidalgo Del Parral,
Chihuahua, Mexico. The Las Mesas gold-silver-lead-zinc project,
Durango, Mexico. The Norma Sass and Ruf claims located near the
Pipeline gold deposit, which is being mined and explored by Barrick Gold
Corporation in the heart of the Cortez Gold Trend in Lander County,
Nevada, USA. The Company also holds key land positions at Congress,
BRX, and Wayside in the productive Bralorne Gold camp of British
Columbia, Canada.
For further information contact Levon Resources Ltd. at (604) 682-3701,
or log onto our website www.levon.com.
LEVON RESOURCES LTD.
"Ron Tremblay"
____________________________________
Ron Tremblay
President and CEO
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This release contains statements that are
forward-looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading
"Risk Factors" and elsewhere in the Company's periodic filings
with Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the
obligation to update any forward-looking statement.
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