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Levon Resources Completes Core Drilling Campaign at Cordero Felsic Dome Complex

Levon Resources Ltd. Levon is pleased to announce the completion of the core drilling campaign at the Cordero Ag, Zn, Pb, Au discovery, 35 km north of Hidalgo Del Parral, Chihuahua, Mexico, previously announced by the Company on May 15, 2017.

Complete hole assays are pending and will be reported when the assays are received. A total of 5,655m of core in 18 infill core holes were drilled within the central part of the 2014 Cordero resource (the "Resource") (news release of May 15, 2017).

The 2017 holes were drilled to test for near surface, higher gold grades within multiple rhyolite intrusives that make up the volcanic Cordero Felsic Dome Complex, and higher grade mineralization in contact breccia bodies that could improve a starter open pit configuration in the southwest part of the Resource.

A starter pit scenario is being designed and evaluated by Independent Mining Consultants (IMC) of Tucson, Arizona. The modeled pit and 2017 drilling is centered in the southwest third of the Resource, and includes higher grade Ag, Zn, Pb and a by-product Au zone within the Pozo de Plata Diatreme.

The 2017 drilling tested more of the Cordero Dome, and filled in a drilling gap between the Diatreme and the Cordero Dome that hosts this part of the Resource, and holds potential for at surface and shallow high grade Ag, Pb, Zn mineralization and by-product Au mineralization untested in the past (Figure 1). Geologic core logging confirms the mineralization for which the assays are pending.

Figure 1: 2017 infill drill holes in the central part of the Cordero Resource to test for improved grade and near surface Au:


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