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Levon Resources

Publié le 05 avril 2017

to Complete Resource Infill Drilling to Test a Starter Pit Scenario

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Mots clés associés :   Exploration | G Mexico | Precious Metals | Report | Zinc |

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.

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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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