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Levon Resources Ltd (New) LVNVF

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.


OTCQX:LVNVF - Post by User

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Post by montreal10on Nov 17, 2009 2:17pm
340 Views
Post# 16496057

Levon Reports Drilling Progress on Norma Sass

Levon Reports Drilling Progress on Norma Sass
Levon Reports Drilling Progress on Norma Sass

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Levon Resources Ltd.("Levon" or the "Company") (TSX VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9)announces that the Company's technical team has recently visited withBarrick Cortez Gold Minesin Crescent Valley, Nevada, USA ("Barrick").

In 2008, Levon and its joint venture partner reached an agreement with Barrick for exploration of the Norma Sass claims.

Thegroup examined the chips and core from Barrick's recently completedhole, NS 09-01 at the Norma Sass property. The group also visited theNS 09-01 drill site.

Hole NS 09-01 was started in earlyOctober and drilled North West at 70 degree dip across a SW-NE strikingfault which trends into Barrick's Gold Acres pit one mile to thenortheast and is thought to be related to mineralization at Gold Acres.

HoleNS 09-01 started as a reverse circulation hole but encountered recoveryproblems at 1,680 foot depth. Barrick brought in a core rig, wedged theRC hole and drilled HQ diameter core to a final depth of 2,586 ft (Anexpensive but effective way of exploring the sequence).

The hole entered the lower plate Wenban limestone at 1,330 foot depth and was bottomed in the Roberts Mountain formation. These are the principal host rock formations for the gold deposits at the Pipeline, Gold Acres andCortez Hillsmines. Assay results will be released once they are received from Barrick.

Barrick Cortez Gold Minessupplied information concerning the Norma Sass property in their 3rdQuarter report and also during the site visit. During the third quarterBarrick Gold staff did extensive geological mapping andgeochemical soil and rock sampling across the property in order todefine locations for drilling.

Levon owns 1/3 and Coral owns 2/3 of the Norma Sass property. (For details please see news release dated September 29, 2009).

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.

ON BEHALF OF THE BOARD

Ron Tremblay, President

This release contains statements that are forward-lookingstatements and are subject to various risks and uncertaintiesconcerning the specific factors disclosed under the heading "RiskFactors" and elsewhere in the Company's periodic filings with Canadiansecurities regulators. Such information contained herein representsmanagement's best judgment as of the date hereof based on informationcurrently available. The Company does not assume the obligation toupdate any forward-looking statement.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Levon Resources Ltd.
Ron Tremblay
President
(604) 682-3701
Fax: (604) 682-3600 (FAX)
www.levon.com

Source: Levon Resources Ltd.
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