OTCQX:LVNVF - Post by User
Post by
hunchbackon May 04, 2005 12:20pm
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Post# 8995382
Old news but finally some news
Old news but finally some newsI know this is a little late but at least there is some activity. Anybody in the know want to comment or expand on the release.
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Levon Resources Ltd (C-LVN) - News Release
Levon begins trenching at Congress
2005-05-02 14:42 MT - News Release
Shares issued 20,560,058
LVN Close 2005-05-02 C$ 0.075
Mr. Louis Wolfin reports
TRENCHING AND STRIPPING OF "LOU" ZONE STARTED
Levon Resources Ltd. has begun a program of mechanized trenching on the company's Congress property, located on the north side of Carpenter Lake five kilometres northeast of Goldbridge, B.C. The trenching program will consist of approximately 1,000 metres of trenching designed to trace the Lou zone approximately 500 metres farther north to the south side of the Gun Creek canyon. A 1,500-metre drill program is planned to test targets generated by the trenching and to drill deeper holes below known mineralized zones on the Lou and Howard zones.
Trenching to date in this phase of work has been directed at stripping an area of the Lou zone where surface enrichment has taken place in order to carry out a bulk metallurgical test. Two areas 10 metres wide and, respectively, 22 and 10 metres long, have been stripped. Samples have been taken at one-metre intervals along lines run every two metres across the mineralized zone. The mineralized zone is approximately eight metres wide in this area, with the central four metres averaging 10 grams per tonne gold or better. A 40-kilogram sample of this material has been sent to Process Research Associates for initial testing. The material is highly oxidized and fractured and could be mined by excavator without blasting.
This oxidized material only extends for about three metres below surface with drill holes below this returning values in the two- to five-gram/tonne-gold range. If metallurgical testing indicates the oxidized material can be treated at the Bralorne mill, the plan is to mine and stockpile approximately 1,000 tonnes of this material at the mill and run it through as a batch to better assess recoveries. There are 2,000 tonnes of the oxidized, enriched material in sight with a conceptual resource of about 10,000 tonnes total.
In the process of road rehabilitation and reclamation a new zone has been discovered, named "Golden Ledge." This zone is 1.4 kilometres due north of the Howard workings on the south side of the Gun Creek canyon and might be the northern extension of the Howard structure. The zone is 1.2 to 1.5 metres wide and has returned assays to 14.0 g/t gold over 1.2 metres. This showing will be drill tested later in the summer.