Now I'm really perplexedA week ago Pershing Gold was at $3.25. Today it hit $4.23 & closed at $3.75. Silver was trading just over $14.00, today it closed at $15.00. LVN, well it's done nothing. Even with the upswing in the C$ LVN is still ahead in the game.
One of the World's Largest Silver Resources
| Location: | Chihuahua State, Mexico |
| Area: | 37,000 hectares (91,429 acres) |
| Ownership: | 100% |
| Minerals: | Silver, Gold, Zinc, Lead |
| Status: | Exploration with successful PEA completed |
Levon Resources has built Cordero into one of Mexico's premier porphyry targets for silver, gold, zinc and lead. The current indicated and inferred resources, combined with the project's eight large-scale mineral targets on more than 370 square kilometres, have established Cordero as a world-class property and a district-scale discovery.
Cordero's host rocks, geology, metal assemblage and size are all analogous to some of Mexico's largest world-class, bulk-tonnage silver deposits including Penasquito (Goldcorp), Camino Rojo (Goldcorp) and Pitarilla (Silver Standard). These deposits are all situated within the same emerging Chihuahua-Zacatecas silver-gold belt in northern Mexico.
In less than five years, Levon has built a resource* with:
Silver: 488.5 M oz indicated, 44.4 M oz inferred
Gold: 1.37 M oz indicated, 84,000 oz inferred
Zinc: 9.0 B lbs indicated, 663.3 M lbs inferred
Lead: 4.7 B lbs indicated, 440.3 M lbs inferred
Here are tonnage and grade details based on a Net Smelter Return cut-off of US$6.00 per tonne (as announced in Levon's news release dated June 19, 2012). The resource is within an open pit geometry generated by a floating cone algorithm using metal prices and recoveries of: Lead, $0.95/lb and 80% recovery; Zinc, $0.94/lb and 81% recovery; Silver, $20.00/oz with 85% recovery, gold $1,250/oz, 18.00% recovery to a lead concentrate and 15% recovery to a zinc concentrate:*
| Cut off grade AgEq g/t | Resource Class | Million Tonnes | AgEq g/t | Ag g/t | Au g/t | Zn % | Pb % |
| 15.00 | Indicated | 848.4 | 41.03 | 17.91 | 0.050 | 0.479 | 0.254 |
| Inferred | 92.16 | 31.39 | 15.00 | 0.029 | 0.327 | 0.195
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