Levon Resources Ltd. ("Levon" or "the Company") is very pleased to announce that the Company has entered into an agreement to purchase a 100% interest in the Aida mining claim, located in a central part of the Cordero Project claim block.
Acquisition of the Aida claim consolidates Levon's 100% ownership of all mining claims in the Cordero mining district, and represents a significant step in the Company's advancement of the Cordero Project. "We are very pleased that we were able to finalize a fair agreement on the Aida claim," said Ron Tremblay, President and CEO of Levon.
The Cordero Project contains a large scale silver, gold, zinc, and lead, polymetallic porphyry resource, containing 364 million oz. silver indicated resources, 91 million oz. silver inferred resources, plus further indicated resources of 945,000 oz gold, 6.1 billion lbs. zinc and 3.3 billion lbs. lead, which remains open to expansion, and which is described in a technical report available under the Company's profile at www.sedar.com. According to M3 Engineering and Technology Corporation, which completed an initial Preliminary Economic Assessment for the Cordero Project titled "NI 43-101 Technical Report Preliminary Economic Assessment Chihuahua, Mexico, Issue Date: 8 May 2013, Effective Date: 12 March 2012", acquiring exploration access to the Aida claim will potentially improve the economics of the project. The Company looks forward to restarting Cordero exploration drilling, and is designing the program to be a continuation of Phase 4 grid drilling.
Vic Chevillon, MA, C.P.G., Vice President of Exploration for Levon is a qualified person (AIPG) as such term is defined in National Instrument 43-101, and has approved the contents of this news release. For further information about the Cordero project and the Aida claim, please log on to www.levon.com or contact the Company at IR directly 604-682-2991 or the main number 604-682-3701.
About Levon Resources Ltd.
Levon is a gold and precious metals exploration company, exploring the Cordero bulk tonnage silver, gold, zinc and lead project, near Hidalgo Del Parral, Chihuahua, Mexico. The Company also holds interests in three mineral properties located in British Columbia, Canada, also three mineral properties located in Nevada, USA.
ON BEHALF OF THE BOARD
Ron Tremblay, President and Chief Executive Officer
Source: http://www.levon.com/