Levon's Phase 2 Drilling at Cordero Project, Mexico Returns 260 Metres Grading 45.8 g/T Silver, 0.34 g/T Gold, 0.44% Zinc and 0.
08 April 2010 - 2:32AM
Marketwired
Levon Resources Ltd. ("Levon") (TSX VENTURE: LVN)(BERLIN:
LO9)(FRANKFURT: LO9) is pleased to announce the results of the
first 13 holes completed in the phase 2 drill programs at the
Cordero silver, gold, zinc, lead, porphyry district located 35
kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico.
Highlights of the results include hole C10-10 that returned 260
metres grading 45.8 g/T Ag, 0.34 g/T Au, 0.44% Zn and 0.61% Pb
beginning at 4 metres depth from the Pozo de Plata zone.
Phase two drilling began January 12th and continues with two
diamond drill rigs. Twenty seven holes have been completed to date
in the 2010 Phase 2 program (C10-9 through C10-37); assays results
have been received for thirteen holes and are summarized below.
Sample lengths reported are core intervals and true widths are not
known.
Table 1: Phase 2 Summary Drill Results- Pozo Plata Zone
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From To Length Ag Au Zn Pb Ag equiv.
Hole (m) (m) (m) (g/T) (g/T) (%) (%) (g/T)
--------------------------------------------------------------------------
C10-9 22.0 224.0 202.0 24.3 0.31 0.34 0.35 64
--------------------------------------------------------------------------
C10-10 4.0 264.0 260.0 45.8 0.34 0.44 0.61 99
--------------------------------------------------------------------------
C10-11 52.0 146.0 94.0 49.2 0.31 0.85 0.75 117
--------------------------------------------------------------------------
C10-11 204.0 230.0 26.0 18.2 0.63 0.08 0.23 69
--------------------------------------------------------------------------
C10-12 12.0 48.0 36.0 103.2 0.11 0.46 1.22 159
--------------------------------------------------------------------------
C10-12 62.0 76.0 14.0 26.0 0.15 0.30 0.40 57
--------------------------------------------------------------------------
C10-12 104.0 118.0 14.0 114.8 0.74 1.71 1.62 262
--------------------------------------------------------------------------
C10-12 152.0 184.0 32.0 39.3 0.22 0.92 0.65 100
--------------------------------------------------------------------------
C10-14 38.0 140.0 102.0 49.3 0.25 0.84 0.78 113
--------------------------------------------------------------------------
C10-18 8.0 250.0 242.0 47.0 0.26 0.73 0.69 106
--------------------------------------------------------------------------
C10-22 12.0 50.0 38.0 31.3 0.22 0.81 0.42 82
--------------------------------------------------------------------------
C10-22 104.0 138.0 34.0 28.4 0.14 0.47 0.46 65
--------------------------------------------------------------------------
(i) Silver equivalent calculated using the following metal
prices: silver at $15 per ounce, gold at $1000 per ounce, zinc at
90 cents per pound and lead at 90 cents per pound and assumed net
metal recoveries (metallurgical and smelter deductions) of 70% for
silver and gold and 50% for zinc and lead. Actual metal recoveries
have not been determined.
Pozo De Plata Zone
Analytical results have been received for seven holes drilled on
the Pozo de Plata zone and are summarized in table 1 and plotted on
figure 1. Holes 9, 10, 11 and 14 were drilled on a north south
section that includes previously drilled hole C09-5 (see news
release dated Nov. 3, 2009).
Hole 18 and 22 were drilled from the same site in a fence 50
metres east of hole 5, and hole 12 was drilled on a fence 50 metres
west of hole 5. See figure 1 and 2 for relative drill hole
locations, and refer to the website (www.Levon.com) for drill hole
locations, azimuths and dips. All holes cored variable proportions
of polylithic diatreme breccias, dyke breccias, and bottomed in
limestone country rock. Diatremes are comprised of limestone,
rhyolite and dacite clasts with fine grained matrix and are
intruded by rhyolite and dacite breccia dykes (syn-breccia dykes).
Contacts of all rock types are entirely gradational, often over
several meters including those with country rocks. Mineralization
occurs as clasts within the matrix, and as cross cutting veins of
sphalerite, galena and possible silver sulphosalts.
Dos Mil Diez Zone
The Dos Mil Diez Zone is located 1.7 kilometres southwest of the
Pozo De Plata drilling and was exposed by trenching of a prominent
colour anomaly (see news release dated Feb. 16, 2010). The zone was
drill tested by a fence of six holes and cored in rhyolite,
polylithic breccia and limestone. Near surface, geochemically
anomalous gold values were encountered in two holes including two
metres that returned 1.79 g/T Au in hole C10-15 (table 2). This
target is part of a much larger intrusive complex that is partially
defined by mapping and soil geochemistry. Additional work is
planned for this area.
Table 2: Phase 2 Summary Drill Results- Dos Mils Diez Zone
--------------------------------------------------------------------------
From To Length Ag Au Zn Pb
Hole (m) (m) (m) (g/T) (g/T) (%) (%)
--------------------------------------------------------------------------
C10-13 no significant results
--------------------------------------------------------------------------
C10-15 10.0 12.0 2.0 2.2 1.79 0.17 0.00
--------------------------------------------------------------------------
C10-16 no significant results
--------------------------------------------------------------------------
C10-17 no significant results
--------------------------------------------------------------------------
C10-19 0.0 2.0 2.0 7.3 0.77 0.09 0.06
--------------------------------------------------------------------------
C10-20 no significant results
--------------------------------------------------------------------------
Other Drilling
Two holes have been completed near previously drilled hole
C09-8, 1200 metres east of Pozo de Plata, that had returned long
intervals of silver and zinc mineralization within strongly
potassic altered intrusive and breccia. In addition three holes
have tested the mapped extension of the Pozo De Plata diatreme
breccia southeasterly from hole C09-5 and north from a string of
artisanal mines, including the Josephina mine. Assay results for
these holes are pending.
District Exploration
Geologic mapping, and rock and soil sampling is continuing
southwest of the Dos Mil Diez Diatreme Complex and has successfully
identified additional diatreme breccia intrusive centers. The most
recent addition includes the location of poorly exposed diatreme
pipes within the Molina de Viento Caldera complex located seven
kilomteres on strike to the southwest of the Pozo de Plata
Diatreme. Detailed mapping and rock chip sampling are in progress
with trenches being planned. With the addition of the Molina de
Viento field of diatremes, a sixth intrusive center has been added
to the Cordero Porphyry Belt, with a total strike length of fifteen
kilometers. An airborne magnetic, electromagnetic and radiometric
survey covering the southern Cordero Porphyry belt will be flown
this month.
Ron Tremblay, President and Chief Executive Officer of Levon,
commented: "Fourteen months after forming the Joint Venture around
the Cordero Property, we are gratified with our decision to pursue
massive Penasquito type Ag, Au, Zn, Pb deposits in Mexico. The
Cordero mineralized system has grown substantially with our
recognition of the mineralized diatremes, a key rock type at
Penasquito. The strike length of the Cordero porphyry belt has
doubled with 6 porphyry intrusive centers including 3 large scale
diatreme complexes. Cordero appears to be living up to what we
imagined."
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, zinc and lead were analyzed as
part of a multi-element inductively coupled argon plasma ("ICP")
package using a four acid digestion. The company employs a rigorous
quality assurance and quality control program consisting of control
samples that include standardized material, blanks and duplicates.
AMEC Americas Ltd. has designed the QAQC protocol from a study and
review of information provided by the company to AMEC. The project
is under the direct field supervision of Mr. Vic Chevillon, M.A.,
C.P.G., Levon's Vice President of Exploration and Juan Manuel
Viveros, Valley High's senior geologist. 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 and precious metals exploration company
exploring the Cordero silver, gold, zinc and lead project near
Hidalgo Del Parral, Chihuahua, Mexico. The Las Mesas
gold-silver-lead-zinc project, Durango, Mexico. The Norma Sass and
Ruf claims located near the Pipeline gold deposit, which is being
mined and explored by Barrick Gold Corporation in the heart of the
Cortez Gold Trend in Lander County, Nevada, USA. The Company also
holds key land positions at Congress, BRX, and Wayside in the
productive Bralorne Gold camp of British Columbia, Canada.
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.
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 (604) 682-3600 (FAX) www.levon.com
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