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Levon Resumes(LVN.V) Phase 4 Drilling at Cordero

Discussion in 'Stock Market News & Analysis' started by mickymoose99, Oct 1, 2013.

  1. mickymoose99

    mickymoose99 Member

    Nov 24, 2009
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    Red Bank N.J
    Levon Resumes(LVN.V) Phase 4 Drilling at Cordero

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2013) - Levon Resources Ltd. ("Levon" or "the Company") (TSX:LVN)(BERLIN:LO9)(FRANKFURT:LO9) is pleased to report resumption of Phase 4 drilling at the Company's wholly owned Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired Aida claim, (announced August 15, 2013) located in a central part of the Cordero resource. Levon's purchase of the Aida claim consolidates the Company's ownership of 100% of the mineral rights in the district. The current Indicated mineral resource at Cordero includes 364 million (M) oz of Ag, 945,000 oz of Au, 6.1 billion (B) lbs of Zn, and 3.3B lbs of Pb [contained metal] (US $6 NSR cutoff grade was used, calculated at $25/oz Ag, $1.00/lb Zn and Pb. Gold was included in the tabulations based on areas within the resource which have higher gold grades). The indicated plus inferred resources are described in Levon's updated resource report (as amended May 10, 2013) for the Cordero Project completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ. (view at www.Sedar.com or www.Levon.com.)

    The Cordero project is a bulk tonnage Ag, Au, Zn, Pb project located in Chihuahua State, Mexico, 35 km northeast of the town of Hidalgo Del Parral.

    Levon is well funded for the exploration now underway as summarized in the company's Annual Report and financials available on the Company's website at www.Levon.com.

    Qualified Person

    Levon's projects are under the direct supervision of Vic Chevillon, MA, CPG, and 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

    Levon is a gold and precious metals exploration Company, exploring the Cordero bulk tonnage silver, gold, zinc, and lead project near Hidalgo Del Parral, Chihuahua, Mexico. The Company also holds interests in three mineral properties located in British Columbia, Canada, and three mineral properties located in Nevada, USA.


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