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Levon Resources

Publié le 02 septembre 2009

Trenching expands targets at Cordero Project, Mexico

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LEVON RESOURCES LTD.

TSX Venture: LVN
US OTC: LVNVF
Frankfurt: LO9

52-week range: $0.05 - $0.23
Shares Outstanding: 45,239,483

Investor Relations: 604.682.3701

 

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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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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