Levon Continues Bulk Tonnage Ag, Au, Zn, Pb Resource Expansion Drilling at Cordero, Mexico, as Phase 4 Exploration Begins
August 26 2011 - 12:02PM
Marketwired
Levon Resources Ltd. ("Levon", or the "Company") (TSX VENTURE:
LVN)(BERLIN: LO9)(FRANKFURT: LO9) is pleased to confirm that the
Cordero 43-101 resource (news releases of June 21, 2011 and August
8, 2011) is currently being delineated by offset grid drilling at
the Company's wholly owned Cordero Project located 35 km northeast
of Hidalgo Del Parral, Chihuahua, Mexico. The Cordero Porphyry Zone
drill holes are being offset to expand the resource with 150 to 200
m stepout core drilling, the resource remains open in all
directions. The Cordero Porphyry Belt is defined through 15 km of
strike length and 3 to 5 km widths with six Tertiary volcanic and
subvolcanic mineralized intrusive centers, including three, high
level diatreme centers. The resource is hosted within two of the
intrusive centers in a central part of the Belt.
Recent Results
The Company would like to point out that the NI 43-101 Report
(Aug 08, 2011) contained the drill holes up to Hole 160 which had
not been previously released.
Three drills are turning 24 hours per day, 7 days per week and a
replacement deep drill has arrived at the site. The current
drilling includes the last 2,000 m of the 59,000 m Phase 3 program
that started October 1, 2010.
Phase 4 continuation drilling (130,000 m) will focus on
completing the delineation drilling of the Pozo de Plata, Josefina
Mine Zone and Cordero Porphyry Zone within the resource, and drill
test outlying mine scale targets elsewhere within the Cordero
Porphyry Belt, the parallel Porfido Norte Belt 10 km to the north,
and the Perla, a felsic dome diatreme property 5 km to the south.
JS Geophysics of Vancouver, B.C. is being contracted for a third
round of 3D induced polarization (IP) surveys in the new areas.
Core Geophysics, Truckee, California is being contracted to design
and complete a novel close spaced, detailed magnetotellurics (MT)
survey to identify targets from near surface to deep (2+ km) within
and around mapped, mineralized intrusive centers for Phase 4 drill
testing.
The Company is well funded for its exploration program, with
approximately $66m in the bank and an expected burn rate for the
next 12 months of approximately $20m.
The project is under the direct supervision of Vic Chevillon,
MA, C.P.G., Vice President of Exploration for Levon who is a
qualified person (AIPG C.P.G #11054) within the context of National
Instrument 43-101 and has read and takes responsibility for this
News Release.
About Levon Resources Ltd.
Levon is a junior gold and precious metals exploration company
exploring the Cordero silver, gold, zinc and lead project near
Hidalgo Del Parral, Chihuahua, Mexico. The Company also holds
certain interests in three mineral properties located in British
Columbia, Canada, namely the Congress property, the Goldbridge
property (also known as the BRX claims) and the Wayside claims, and
three mineral properties located in Nevada, U.S., namely the Eagle
claims and the Norma Sass and Ruf claims.
LEVON RESOURCES LTD.
Ron Tremblay, President and CEO
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement, except as
required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Levon Resources Ltd. Ron Tremblay President and CEO
(604) 682-3701 www.levon.com
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