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Levon Resources

Publié le 10 juin 2009

Exploration at Cordero Discovers New Zone and Expands the District

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Mots clés associés :   Argon | Canada | G Mexico | Zinc |



 

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

52-week range $0.05 - $0.17
Shares Outstanding 45,239,483

Investor Relations: 604.682.3701


EXPLORATION AT CORDERO DISCOVERS NEW ZONE & EXPANDS THE DISTRICT

Levon Resources Ltd. (TSXV Symbol LVN) and joint venture partner Valley High Ventures Ltd. (�Valley High�) (TSXV Symbol VHV.V) are pleased to report that current exploration results have expanded the Cordero silver, gold, base metal porphyry district by about 2 km to the southwest along the strike of a mineralized porphyry belt.  This new target, the Pozo de Plata (Silver Well) Zone,  is defined by mapping and sampling results that establish the presence of a poorly exposed, mineralized rhyolite dike and diatreme complex in an area of alluvial cover.  There is no evidence of past exploration work in this area except for the accidental exposure of silver bearing breccias in a recently deepened water well.

Results from a trench excavated approximately 50 m east and north from the water well returned 355 metres grading 14.0 g/T Ag, 0.13 g/T Au, 0.12% Zn and 0.12% Pb including 175 metres at 21.8 g/T Ag, 0.20 g/T Au, 0.16% Zn and 0.20% Pb.   Additional rock sampling along a nearby stream bed that exposed rhyolite dikes and diatreme breccias returned anomalous grab samples from bedrock exposures over a distance of 150 metres.  Of eighteen grab samples collected, silver values range from 3.2 ppm to 374 ppm with eight samples returning greater than 50 ppm.  Gold values range from 157 ppb to 1190 ppb. 

The Cordero property is centered 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.  Work has been ongoing continuously since February with work comprised of detailed geological mapping, soil sampling, rock chip sampling, trenching and 3D induced polarization surveys. 

A state of the art 3D induced polarization survey (�IP�) designed by SJ Geophysics, Vancouver, B.C. was completed May 30, 2009.  The data is currently being processed and a 3D inversion model constructed.  The IP survey covers the Cordero dome, the next intrusion to the northeast and was extended to cover the Pozo de Plata zone.  The IP inversion results will be integrated into a 3D Gocad exploration model being constructed for the porphyry belt in preparation for an extensive drill program planned for later this year.  

As announced on February 12, 2009, Levon may earn a 51% interest in Valley High�s Cordero by spending Cdn $1,250,000 by the end of February 2013 with a first year work commitment of Cdn. $250,000.  The Cordero project is located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico.
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, lead and zinc were analyzed as part of a multi-element inductively coupled argon plasma (ICP) package using a four acid digestion. 
Vic Chevillon M.A., C.P.G. 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, 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, and the Cordero Silver, Gold, Lead, Zinc 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



The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy 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 est une société développant des projet miniers d'argent et de zinc basée au Canada.

Levon détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CONGRESS PROPERTY, EAGLE CLAIMS (CORRALL CANYON), NORMA SASS CLAIMS, RUF, BRX (GOLD BRIDGE AREA) et MT. POLLEY au Canada et CORDERO-SANSON au Mexique.

Levon est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 186,9 millions CA$ (187,0 millions US$, 141,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 23 janvier 2009 à 0,05 CA$, et son plus haut niveau récent le 21 avril 2011 à 2,38 CA$.

Levon possède 198 821 000 actions en circulation.

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Rapports annuels de Levon Resources
2008 Annual report
Annual Reprot 2007
Financements de Levon Resources
31/07/2009Closes $800,000 Non Brokered Private Placement
22/06/2009Non-brokered private placement to advance Cordero project an...
Nominations de Levon Resources
29/03/2011WELCOMES TWO NEW BOARD MEMBERS
24/02/2009APPOINTMENT OF VICE PRESIDENT - EXPLORATION
10/09/2007NEW APPOINTMENT TO THE BOARD OF DIRECTORS
Projets de Levon Resources
05/04/2017to Complete Resource Infill Drilling to Test a Starter Pit S...
05/05/2011(Congress Property)Clarifies Technical Disclosure Related to Its Congress Prope...
17/03/2011(Cordero-sanson)Discovers High Grade Contact Replacement Style Mineralizatio...
07/04/2010(Cordero-sanson)Phase 2 Drilling at Cordero Project
02/09/2009(Cordero-sanson)Trenching expands targets at Cordero Project, Mexico
10/06/2009(Cordero-sanson)Exploration at Cordero Discovers New Zone and Expands the Di...
02/03/2009(Cordero-sanson) & Valley High Begin Work at the Cordero Silver, Gold, Lead,...
Communiqués de Presse de Levon Resources
27/06/2011LEVON'S WARRANTS EXERCISED IN FULL
21/06/2011Reports First Bulk Tonnage NI 43-101 Compliant Resource at I...
19/05/2011ANNOUNCES CLOSING OF $40,170,000 OFFERING
30/04/2011Accelerates the Expiry of Former Valley High Warrants
28/04/2011ACCELERATES EXPIRY OF WARRANTS
13/04/2011We Will Be Moving Thursday April 14th
11/04/2011RESOURCED LTD. INCREASES SIZE OF BOUGHT DEAL FINANCING TO $4...
26/03/2011COMPLETES ACQUISITION OF VALLEY HIGH VENTURES
22/03/2011ANNOUNCES THAT VALLEY HIGH SHAREHOLDERS AND OPTION HOLDERS A...
12/02/2009JOINT VENTURE WITH VALLEY HIGH VENTURES AT THE CORDERO PROPE...
23/01/2009EARLY WARNING REPORT
05/11/2008Letter to the Shareholders
24/09/2008CONGRESS PROPERTY, BC DRILLING SUMMARY REPORT RELEASED
28/08/2007Announces Investor Relations Agreement
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TSX-V (LVN.V)FRANKFURT (LO9.F)
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