Levon Resources Ltd (New) LVNVF

Metals & Mining Industrial Metals & Minerals

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

Levon Resources Ltd (New)

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Post by All-in-Oneon Sep 11, 2012 9:14pm

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Post# 20350281

CORDERO PROJECT= $ilver $ilver $ilver

Levon Resources Ltd. 100%

20,000 hectares = Huge Potential

- Cordero Porphyry Target

- Cordero Felsic Dome

- Dos Mill Diez Diatreme

- Pozo de Plata Diatreme

CORDERO PORPHYRY BELT (Current Strike Length = 15km)

Large Bulk Mineable Targets Part of an Emerging Porphyry District

The 20,000-hectare Cordero property encompasses two high-level porphyry belts within a regional Chihuahua-Zacatecas trend of major deposits that includes Penasquito (Goldcorp), Pitarilla (Silver Standard), Camino Rojo (Goldcorp), San Agustin (Silver Standard) and others. Cordero contains a large, 15 km x 3 - 5 km mineralized system with discovery potential for multiple bulk tonnage, open pit deposits.

First NI 43-101 Resource
Exploration Phases 1, 2 and 3 ($17M, 9,000m drilling, 205 core holes) identified at least six intrusive centers and established an initial NI 43-101 Resource within two of the intrusive centers-the Pozo de Plata Diatreme and Cordero Porphyry Zone. The resource was reported as follows on June 21, 2011:

Indicated
521.MT containing 310.9Moz silver, 0.908Moz gold, 5.3 billion lbs (Blbs) Zinc, 2.9Blbs lead.

Inferred
200.9Mt containing 139.9Moz silver, 0.229Moz gold, 2.2Blbs zinc, 1.2Blbs lead.

The resource remains open to the north, northeast and at depth. An updated and expanded NI 43-101 resource is expected in 2012.

Favourable PEA Completed Jan 2012
A favourable Preliminary Economic Assessment (PEA), completed in January 2012, was calculated using only the outcropping 30% of the above initial resource. The PEA projected that this resource can be mined economically with a 40,000 tpd mill over a 15-year mine life. Phase 4 Exploration now Underway

The current Phase 4, $25M exploration/drill program (130,000m in core drilling) is working to expand the resource through step-out and delineation drilling. This program is also testing all intrusive centers to identify new mine scale targets. Three-dimensional Induced Polarization is testing unexplored gaps between the known intrusive centers.