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Levon Resources Ltd.
Summary
| Project: | Cordero | |
|---|---|---|
| Deposit: | Cordero | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Zinc-Lead | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2017: Levon Resources Ltd. announces a Resource Estimation report for its Cordero deposit at the Cordero project. Updated Mineral Resource Estimate for Cordero. The Cordero Project September 2014 Mineral Resource Technical report is prepared for Levon | |
| Resources: | (Resource): 848kt @ 41.03g/t AgEq (Ind.) and 92kt @ 31.39g/t AgEq 9Inf.) at project | |
| CP/QP: | [Resources]: Herbert E. Welhenner (Independent Mining Consultants Inc.) | |
| ABSTRACT: | The Cordero Project September 2014 Mineral Resource Technical report is prepared for Levon Resources, Ltd (Levon) of Vancouver, BC by Independent Mining Consultants, Inc. (IMC) of Tucson, Arizona. This report is prepared in support of the mineral resource for the Cordero Project announced by Levon on September 3, 2014. The updated mineral resource incorporates the results of additional core drilling and the latest, second round metallurgical test results, which improve projected recoveries. The additional drilling includes core holes within the Aida claim (news release April 30, 2014) purchased in 2013 and other outlying new holes. The mineral resource of the present report is not yet fully delineated by drilling and Cordero remains an advanced stage discovery project. The mineral resource contained in this report is developed subsequent to the June 2012 Mineral Resource Update Technical Report dated July 31, 2012 (as amended May 10, 2013) and the Preliminary Economic Assessment (PEA) prepared by M3 Engineering & Technology, Inc. (M3), dated March 12, 2012 (as amended May 8, 2013). The PEA included the mineral resource developed by IMC in June 2011. A new mineral resource is being declared because of additional drilling and geologic information. The PEA has been summarized in various sections of this report in order to provide the reader with an overall understanding of the Cordero Project, but the PEA is not the focus of this report. The current mineral resource is within the resource block model used for the June 2012 mineral resource and consequently does not include some of the step out and deep drilling which is outside of the resource block model. This additional mineralization will be evaluated in the future to determine if it can be included in an updated mineral resource. | |
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