Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Levon Resources

Published : April 05th, 2017

to Complete Resource Infill Drilling to Test a Starter Pit Scenario

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Levon Resources to drill 5,000 m at Cordero

Levon Resources Ltd (2) (C:LVN) 
Shares Issued 121,671,693
Last Close 4/3/2017 $0.45
Tuesday April 4 2017 - News Release

Mr. Ron Tremblay reports

LEVON TO COMPLETE RESOURCE INFILL DRILLING TO TEST A STARTER PIT SCENARIO

Levon Resources Ltd. plans 5,000 metres (28 core holes) in close-spaced, infill drilling within the Cordero felsic dome portion of the 2014 Cordero resource, to test for near-surface, high-grade mineralization within the modelled open pit containing the 2014 resource, calculated by Independent Mining Consultants (IMC) (news release of Oct. 20, 2014). Preparations for the drill program are being completed for an April 2017 start up.

In mid-2013, Levon acquired the 16 hectare Aida claim in the centre of the 2012 Cordero resource (news release of July 10, 2013) and grid drilled the claim. IMC then updated the 2012 Cordero resource to include the Aida drill results and produce the 2014 Resource. The 2014 Resource has yet to be delineated by drilling and is open to expansion around most of its perimeter, (Figure 1) and at a depth within the modeled pit (news release of September 3, 2014).

In the face of low metal prices, Levon contracted IMC to study the possibility of the existence of a smaller starter pit within the 2014 Resource. IMC modeled several possible starter open pits. Aida drill results in a central portion of the mineralized Cordero Felsic Dome, document that the resource is exposed at surface and a higher grade feeder zone was intersected by the drilling (news release of February 26, 2014). With these drill results, and additional detailed geological mapping performed by Levon in 2016, together with the IMC starter pit modeling, the Company has designed infill drilling within the 2014 Resource to test for near surface higher grade material to improve a possible starter pit scenario, and further improve the stripping ratio by turning undrilled areas modelled as waste into resource. (Figure 1).

Once the 2017 drilling is complete, the 2014 Resource will be updated and in turn IMC will prepare a Preliminary Economic Assessment ("PEA") for the project, building on the 2012 PEA written before Levon purchased and drilled the Aida claim, which only accessed 30% of the modelled resource at that time.

Figure 1: Cordero 2017 Planned Core Drilling: http://media3.marketwire.com/docs/0883m.jpg

About Levon Resources Ltd.

Levon is a well-funded gold and precious metals exploration Company, exploring the company's 100% owned flagship Cordero bulk tonnage silver, gold, zinc, and lead project near Hidalgo Del Parral, Chihuahua, Mexico. Cordero hosts a world class Silver, Zinc, Lead, and Gold resource with indicated resources of 488.5 million ounces of Silver, 9.0 billion pounds of Zinc, 4.7 billion pounds of Lead, and 1.37 million ounces of Gold.

Levon's most recent mineral resource estimate is contained in a technical report prepared by IMC titled "Cordero Project September 2014 Mineral Resource Update, Chihuahua, Mexico" dated October 15, 2014, which was filed under the Company's profile at www.sedar.com.

Vic Chevillon, AIPG QPG # 11054, the Company's VP Exploration and a qualified person as such term is defined in NI 43-101 of the Canadian Securities Administrators, has reviewed and approved this news release.

We seek Safe Harbor.

You are currently subscribed to investor1 as: .com
Add nri@nrinvestor.com to your email address book to ensure delivery.
 |   |   |   | Snooze
Net Atlantic
.
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Levon Resources

EXPLORATION STAGE
CODE : LVN.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
3/27/2009CLOSES $250,000 NON BROKERED PRIVATE PLACEMENT
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
9/10/2009(Cordero-sanson)Phase 1 Bulk tonnage drilling has commenced at Cordero
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...
4/16/2009(Cordero-sanson)Update at the Cardero Project
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...
12/15/2010 Cordero Phase 3 Exploration: Project Accelerates
5/12/2009Norma Sass Exploration Update, Cortez Gold Trend, Nevada
4/28/2009Be featured on ceo clips on the biography channel
3/30/2009EARLY WARNING REPORT
2/12/2009JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPE...
1/23/2009EARLY WARNING REPORT
11/5/2008Letter to the Shareholders
10/21/2008News Release
9/24/2008CONGRESS PROPERTY, BC DRILLING SUMMARY REPORT RELEASED
8/28/2007Announces Investor Relations Agreement
Comment this article
>Follow all commentairies
You must be logged in to comment an article8000 characters max.
Log in or Sign up
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LVN.V)FRANKFURT (LO9.F)
0.940-3.09%0.079+17.91%
TSX-V
CA$ 0.940
02/10 15:51 -0.030
-3.09%
Prev close Open
0.970 0.980
Low High
0.940 0.980
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.940 -%
Volume 1 month var.
247,889 -%
24hGold TrendPower© : -44
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Canadian Zinc(Ag-Au-Cu)CZN.TO
Drilling Extends Mineralization at Lemarchant, NFLD
CA$ 0.17-2.86%Trend Power :
Target Resources(Au-Gems)TGT.L
KOOTENAY ANNOUNCES DRILL PROGRAM TO TARGET RESOURCE EXPANSION AT LA CIGARRA SILVER PROJECT=2C MEXICO
GBX 1.10-2.65%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
Reports Q1 2017 Production Results
US$ 2.86-4.67%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Mill Recovery Enhancement Project Approved
AU$ 2.14-0.47%Trend Power :
Levon(Au-Ag)LVN.V
to Complete Resource Infill Drilling to Test a Starter Pit Scenario
CA$ 0.94-3.09%Trend Power :
Victoria Gold Corp.(Au)VIT.V
Begins $6.2M, Phase 1 Exploration Program, Yukon
CA$ 0.69-1.43%Trend Power :
Bonavista Energy(Ngas-Oil)BNP-UN.TO
Announces Increase to Exchangeable Share Ratio
CA$ 28.85-0.93%Trend Power :
Eurasian Min.(Cu-Au-Ag)EMX.V
Announces Release of 2016 Annual Report and Management Discussion and Analysis
CA$ 1.14+0.00%Trend Power :
Columbus Gold(Au)CGT.V
Columbus Gold Announces Voting Results of its Annual Meeting
CA$ 0.34+0.00%Trend Power :
Pretium ResourcesPVG.TO
Brucejack Transmission Line Energized
CA$ 12.99-2.77%Trend Power :
Silver Wheaton(Cu-Le-Zn)SLW.TO
Silver Wheaton Provides Details of Annual and Special Meeting of Shareholders, Files Form 40-F, and
CA$ 27.29-1.41%Trend Power :
Barrick Gold(Cu-Le-Ni)ABX.TO
Reports Restrictions at Veladero Mine Heap Leach Facility
CA$ 26.41-1.49%Trend Power :
HudBay(Cu-Le-Ni)HBM.TO
Hudbay Provides Update on Operations and Growth Projects
CA$ 7.98-3.97%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Receives Extension on the Chinchillas Project Option Agreement
CA$ 13.53-3.15%Trend Power :
Peregrine Diamonds(Gems)PGD.TO
Announces Results of Voting for Election of Directors
CA$ 0.19+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Portia Gold Sales Exceed 20000 oz
AU$ 0.64-1.54%Trend Power :
Oceana Gold(Au)OGC.AX
ANNOUNCES FIRST GOLD POUR AT THE HAILE GOLD MINE IN SOUTH CAROLINA
AU$ 4.05+0.00%Trend Power :
Uranium Res.(Ur)URRE
Announces Closing of $9.7 Million Public Offering
US$ 1.76-1.12%Trend Power :
Santos(Ngas-Oil)STO.AX
2016 Fourth Quarter Activities Report
AU$ 3.44-5.49%Trend Power :
Pioneer Resources(Au-Ni)PIO.AX
intersects further High Grade Caesium and Lithium mineralisation at Pioneer Dome LCT Pegmatite Proje
AU$ 0.02-5.26%Trend Power :