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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 0.61 % LEAD
Levon Resources Ltd.
(�Levon�) (TSXV Symbol LVN.V) 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
| Hole | From (m)
| To (m)
| Length (m)
| Ag (g/T)
| Au (g/T)
| Zn (%)
| Pb (%)
| Ag equiv.
(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 | 0.61 | 0.61 | 99 | | C10-11 | 52.0 | 146.0 | 94.0 | 49.2 | 0.31 | 0.75 | 0.75 | 117 | | C10-11 | 204.0 | 230.0 | 26.0 | 18.2 | 0.63 | 0.23 | 0.23 | 69 | | C10-12 | 12.0 | 48.0 | 36.0 | 103.2 | 0.11 | 1.22 | 1.22 | 159 | | C10-12 | 62.0 | 76.0 | 14.0 | 26.0 | 0.15 | 0.40 | 0.40 | 57 | | C10-12 | 104.0 | 118.0 | 14.0 | 114.8 | 0.74 | 1.62 | 1.62 | 262 | | C10-12 | 152.0 | 184.0 | 32.0 | 39.3 | 0.22 | 0.65 | 0.65 | 100 | | C10-14 | 38.0 | 140.0 | 102.0 | 49.3 | 0.25 | 0.78 | 0.78 | 113 | | C10-18 | 8.0 | 250.0 | 242.0 | 47.0 | 0.26 | 0.69 | 0.69 | 106 | | C10-22 | 12.0 | 50.0 | 38.0 | 31.3 | 0.22
| 0.42 | 0.42 | 82 | | C10-22 | 104.0 | 138.0 | 34.0 | 28.4 | 0.14 | 0.46 | 0.46 | 65 |
* 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
Hole
| From (m)
| To (m)
| Length (m)
| Ag (g/T)
| Au (g/T)
| Zn (%)
| Pb (%)
| | 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 |
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