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TRENCHING EXPANDS TARGETS AT CORDERO PROJECT, MEXICO
Levon
Resources Ltd. (�Levon�) (TSXV Symbol LVN.V) and joint venture partner
Valley High Ventures Ltd. (�Valley High�) (TSXV Symbol VHV.V) are pleased
to report additional trenching results from the Cordero silver, gold,
zinc, lead porphyry district located 35 kilometres northeast of Hidalgo
Del Parral, Chihuahua, Mexico.
Trenches were laid out to:
� Test for extensions of the
high values encountered in the Pozo de Plata trench (see news release
dated June 9, 2009);
� Test for surface mineralization
in recently mapped diatreme breccias above high chargeability
anomalies defined by the July 3D IP survey; and
� To expose bedrock near
current artisan shafts sunk on high grade.
All trench samples are mineralized with at least
geochemically anomalous metal values. Wide intervals of
mineralization demonstrate the bulk tonnage character of the mineralized
system. For example, Trench 2 cut 715 m (about 640 true width)
grading 13.99 g Ag/T, 0.029 g Au/T, 872 ppm Zn, 1313 ppm Pb across
the northeast strike of the porphyry belt within the Cordero lava dome
complex.
Key intervals of the trenches that exceed an
approximately 10 ppm Ag cutoff are tabulated below. The highest
grade results from the Pozo de Plata trench are included for comparison.
Trench
|
From (m)
|
To (m)
|
Length (m)
|
Ag (g/T)
|
Au (g/T)
|
Zn (ppm)
|
Pb (ppm)
|
1
|
0
|
50
|
50
|
22.7
|
0.105
|
1999
|
4748
|
1
|
90
|
150
|
60
|
110.5
|
0.071
|
7045
|
18231
|
1
|
95
|
150
|
55
|
14.1
|
0.059
|
1707
|
722
|
2
|
0
|
75
|
75
|
18.2
|
0.022
|
1042
|
1123
|
2
|
205
|
255
|
50
|
32.0
|
0.022
|
805
|
1414
|
2
|
285
|
345
|
60
|
34.9
|
0.036
|
1753
|
3286
|
2
|
385
|
520
|
135
|
18.5
|
0.070
|
917
|
2174
|
3
|
70
|
115
|
45
|
20.7
|
0.067
|
1631
|
4081
|
4
|
20
|
60
|
40
|
11.1
|
0.063
|
162
|
557
|
Pozo
|
0
|
175
|
175
|
21.8
|
0.200
|
1555
|
1967
|
Trenches
1 and 2 are located from 318 to 536 metres northeast of
the Pozo De Plata trench. Trench 1 branches out from trench 2 at
the 465 m mark of trench 2.. The highest
silver values are associated with rhyolite and diatreme breccias and
contact zones with limestone country rocks, and are accompanied by
elevated zinc, lead, and occasionally gold. One sample returned 5
metres grading 1170 g Ag/T, 0.2 g Au/T, 7.7% Zn and 20% Pb.. Trench 2 returned several long intervals of
elevated silver including one section that returned 135 metres grading
21.8 g Ag/T.
Trench 3 is
located 880 metres northeast of trench 2 and is centered near a recent
and active artisanal mine called San Luis. On the San Luis mine
dump, a sample of rhyolite porphyry mineralized with 3-5% disseminated
pyrite, very fine disseminated sphalerite and intergrown silver
sulfosalts, but no veining assayed 138 g/T Ag. The rhyolite
porphyry contains mineralized centimeter-sized fragments (xenoliths) of
medium grained dacite porphyry, characterized by 5-7% disseminated
sphalerite and intergrown silver sulfosalt minerals (tetrahedrite?).. The presence of mineralized coarser grained
xenoliths is interpreted as evidence of a
mineralized dacite porphyry at depth that may correspond with a
widespread deep induced poloraization (IP) chargeability anomaly
currently modeled at 300 metres depth.
Trench 4 is
located 790 metres east of trench 2 and 550 metres south of trench
3. It is hosted in rhyolite near several artisan mine
workings.
Results from trench 1 and 2 have successfully
expanded the new Pozo de Plata target an additional 600 metres to the
northeast. The target remains open to the south and west. The
trench samples are mostly oxidized and
fresh sulphides were rarely encountered. At Cordero the depth of
oxidation is variable and may extend from 20 m to over 80 metres
depth.
Preparation has begun for a drill program to
test trench results and other targets
being defined at Cordero. Trenches were excavated with a
bulldozer to depths of 1 to 2 meters and
sampled continuously through 5 m intervals. Sample intervals were
photographed and mapped according to best industry practices. All
of the samples mentioned in this release were prepared and analyzed by
ALS Chemex at its labs in Chihuahua and Vancouver. Silver, zinc and lead were analyzed as part of a multi-element
inductively coupled argon plasma (�ICP�) package using a four acid
digestion. Gold analyses were performed by 30-gram fire assay with
an atomic absorption (�AA�) finish.
The Cordero property is centred on a mineralized
belt of porphyries that has now been defined through a strike length of 6
km and a width of about 3 km. The district is covered by the joint
venture claims and consolidated land agreements that total about 10,000
hectares wherein Levon will earn a 51% interest by spending Cdn
$1,250,000 of which approximately $700,000 has been spent to date
including advances for drilling. 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 exploration company with
key land positions at Congress, BRX, and Wayside in the productive
Bralorne Gold camp of British Columbia, Canada, 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, and the Cordero Silver, Gold, Zinc, Lead project near
Hidalgo Del Parral, Chihuahua, Mexico.
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
This press
release contains 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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