Levon Resources Ltd. (TSXV:LVN) has reported porphyry mineralization at discovery hole, C10-41 in its phase 2 drill program at the Cordero silver, gold, zinc, lead porphyry district northeast of Hidalgo Del Parral,in Mexico. The porphyry target consists of nested, altered and mineralized igneous intrusive bodies which are thought to be rooted in a larger mineralized igneous intrusive body at depth. Levon plans to focus on exploration of the projected deep intrusive body as follow up to hole C10-41.
As quoted in the press release:
Hole C10-41 intersected mineralized intrusive breccias, disseminated and stockwork vein, porphyry-type mineralization over the entire hole (503.45 m total hole depth where the hole was lost in highly broken and mineralized ground). Long assay intervals confirm the bulk tonnage nature of the mineralization. A highlight is 170 m grading 17.33 g/T Ag, 0.03 g/T Au, 0.638 % Zn, 0.438 % Pb (62.9 g/T Ag equivalent), which includes a higher grade interval of 64 m grading 28.4 g/T Ag, 0.033 g/T Au, 1.01 % Zn, 0.816 % Pb (105.3 g/T Ag equivalent).
Levon CEO, Ron Tremblay, said:
Discovery of bulk tonnage, porphyry style mineralization well east of the Pozo de Plata Diatreme discovery adds a new upside dimension to the Cordero Porphyry Belt. We need to expand our Phase 3 drilling program now being planned to include offset grid drilling around hole C10-41. This kind of drill success is just what we are seeking in our quest to prove up another Penasquito type deposit in Mexico. With two drills running and two discovery areas of offset grid drilling, we have a backlog of targets for initial exploration drilling, including the mine scale Dos Mil Diez Diatreme Complex southwest of Pozo de Plata Diatreme.” adds Vic Chevillon, VP Exploration, Levon.