Levon Resources Ltd.
Levon Resources Ltd. is a well-funded gold and precious metals exploration company, exploring one of the world's largest silver resources at the Company's 100%-owned flagship Cordero Project in Chihuahua State, Mexico. In less than five years, Levon Resources has built Cordero into one of Mexico's premier porphyry targets for silver, gold, zinc and lead. Cordero Project offers the potential for multiple, bulk tonnage, open pit deposits.
Levon has chosen to focus on Mexico because the Company believes it's the best place in the world for mineral exploration and mining. Financial stability, a booming economy, efficient and modern infrastructure and highly skilled mining labor represent just a few of the reasons Levon operates in Mexico.
Levon's team consists of successful mine-builders, geologists and financiers. Collectively Levon has over 150 years' experience in the industry with particular knowledge of operating in Mexico.
Cordero Silver-Gold-Zinc-Lead Project, Chihuahua State, Mexico
The Company's 100%-owned 37,000-hectare (91,429-acre) Cordero Project is located near Hidalgo Del Parral, Chihuahua State, Mexico. 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 established an indicated resource with 488.5M oz silver, 1.1B oz silver equivalent, 1.37M oz gold, 9.0B lbs zinc and 4.7B lbs lead in a low-strip, open pit mining configuration. Cordero is considered one of Mexico's premier porphyry targets, and the resource remains open to expansion in nearly all directions and at depth.
At the Cordero Felsic Dome, the most recent resource grid drilling reveals the Dome is the center of the Ag dominant part of the resource. It is pervasively mineralized from surface to depths of 600 to 1,100 m and also has a wide, higher grade zone beneath the surface-exposed mineralization. Levon believes these results will likely improve starter pit economic projections when they are included in the next Preliminary Economic Assessment (PEA).
Cordero's NI 43-101 Resource
Silver: 488.5 M oz indicated, 44.4 M oz inferred
What's Next at Cordero?
Further improve the project's economics under the direction of M3 Engineering & Technology and Independent Mining Consultants:
Management and Directors
Ron Tremblay, President and CEO, Director
Mr. Tremblay has over 30 years' experience in finance and management. He has raised over $80M for the Company and advanced the Cordero project to its current world-class status. He has taken Levon from a market cap of $5m to over $100M (exceeding $400M in 2011) and guided the Company through very difficult markets. In 2015, he brought diversification to the Company through an arrangement with biotech company SciVac Ltd. while maintaining Levon's 100% ownership of the Cordero project.
Vic Chevillon, M.Sc., C.P.G., Vice President Exploration and Director
Mr. Chevillon is a consulting exploration geologist with over 36 years of exploration experience working with major mining companies within the U.S. including Noranda, Homestake, Placer Dome and Barrick Gold.
Daniel Vickerman, BA (Econ)., Chairman
Mr. Vickerman is a seasoned institutional sales and corporate finance professional with 20 years of experience in the financial industry.
Nigel Kirkwood, CPA, Chief Financial Officer
Mr. Kirkwood has over 20 years of international experience working in accounting and audit, mergers and acquisitions and corporate finance. Mr. Kirkwood has acted as CFO and Director for a number of mining exploration companies listed on the TSX Venture Exchange.
Christina Boddy, Corporate Secretary
Ms. Boddy is a member of the Canadian Society of Corporate Secretaries and has acted as Corporate Secretary for a number of public companies.
Gary Robertson, CFP, Director
Mr. Robertson has worked in the financial industry for the past 20 years. He presently serves on the board of several private companies as well as on the board of six Canadian junior gold mining companies.
Ed Karr, Director
Mr. Karr has more than 20 years of capital markets experience as a financial analyst, money manager and investor.
On May 15, 2017, Levon Resources Ltd. announced the startup of the previously announced 5,000 m core infill drilling campaign at the Cordero Ag, Zn, Pb, Au discovery in Chihuahua, Mexico. 200 m core holes are being drilled in the Cordero Felsic Dome Complex (central) portion of the 2014 Cordero resource, to explore for improved near surface resource grades.