Levon Resources

Company Profiles
TSX:LVN

Developing One of the World’s Largest Known Silver Resources

Overview

Levon Resources Ltd. (TSX:LVN, QTCQX:LVNVF) is a Canadian exploration company advancing Cordero, a silver-gold-zinc-lead porphyry project, in the northwest state of Chihuahua, Mexico. Cordero is a global scale, bulk tonnage discovery still in its advanced exploration stage with an updated resource estimate and preliminary economic assessment( PEA) released in April 2018. The Company will be advancing the project through to prefeasibility next. The Cordero discovery is presently one of the world’s largest silver resources, containing an indicated and inferred 595.2 million ounces of silver. Value in the resource is also associated to an indicated and inferred 12.7 billion pounds of zinc, 5.6 billion pounds of lead and about 1.6 million ounces of gold. The mineral resource comes to the surface and is contained within a single large scale, modeled open pit measuring 3 kilometers long and 2.3 kilometers wide and up to 1 kilometer deep. The resource is not drilled off and is still open. The PEA focuses on the first stage of mining 40,000 tonnes per day for 29 years.

In July 2013, Levon consolidated 100% ownership of all the mining claims in the district by acquiring the 16-hectare Aida claim in the center of the resource that had not been drill tested. Exploration and grid drilling of the entire claim in 2013 and 2014 established the resource crops out at the surface at its apex and has a higher-grade core at depth. Since then, the company conducted further drilling over the course of 2017, with the goal of improving starter pit economic projections. Results from the drilling included the extension of a gold enriched sulphide zone presenting values which included 70.5 g/t silver, 1.12 percent zinc, 1.41 percent lead and 0.23 g/t gold over 48 meters.

An updated resource estimate was released in April 2018 for the Cordero Project, providing the current resource for the project. The new resource estimate took into account all of the results of the company’s 2017 drilling program and showing an increase in resources from the previous estimate released in 2014.

Company Highlights

  • 2018 Resource Estimate Highlights 990 million tonnes grading 12.81 g/t silver, 0.37 percent zinc, 0.17 percent lead and 0.04 g/t gold
  • April 2018 updated PEA outlines after-tax NPV (7.5 percent) of $438 million and after-tax IRR of 16.5 percent with 4.8-year payback period
  • The resource is open to expansion on strike and at depth with additional drill targets
  • Aida Claim exploration presented improved project economics
  • Strong, experienced management team
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