April 18, 2018 – VANCOUVER, BRITISH COLUMBIA: Levon Resources Ltd. (TSX:LVN) (“Levon” or “the Company”) is pleased to announce that it has filed a Canadian National Instrument (“NI“) 43-101 Technical Report dated effective March 1, 2018 on SEDAR at www.sedar.com. The Report is prepared by M3 Engineering & Technology (“M3“) in collaboration with Independent Mining Consultants (“IMC“) of Tucson, Arizona and provides the 2018 resource update (IMC) and a Preliminary Economic Assessment Update (“PEA Update“) (M3) for the Cordero Silver, Zinc, Lead, Gold Project in Chihuahua, Mexico; the results of which were announced in a March 5, 2018 news release.
Highlights of the PEA Update (United States dollars)
|Category||Tonnes (000s)||AgEq, g/t||Ag, g/t||Zn, %||Pb, %||Au, g/t|
|Contained Metal||Oz (000s)||Lbs (000s)||Lbs (000s)||Oz (000s)|
Commenting on this news, Ron Tremblay, President and CEO, said, “The PEA Update confirms Levon’s belief in the upside mineral potential and positive economics that we always expected. With the successful completion of an infill drilling program and subsequent metallurgical, mining, geotechnical, and tailings studies, Levon remains confident that it will continue to improve the project towards commercial production in the future.”
Levon’s technical work on the Cordero Project is supervised by Vic Chevillon, Vice President — Exploration for Levon and a Qualified Person as defined by NI 43-101.
The Technical Report was supervised by Daniel H. Neff, P.E., Chairman of M3, a Qualified Person as defined by NI 43-101. Mr. Neff has reviewed and approved the technical information contained in this news release.
The updated Cordero resource estimate was prepared under the direction of Herb Welhener (SME registered member #3434330), a Qualified Person as defined by NI 43-101.
About Levon Resources Ltd.
Levon Resources is exploring one of the world’s largest silver resources at the company’s 100%-owned Cordero Project in northwest Mexico. The 37,000 hectares property covers an entire porphyry district that hosts the announced resource and numerous exploration targets for bulk tonnage diatreme hosted, porphyry style, and carbonate replacement mineral deposits.
Additional information about the Cordero Project can be found in the technical report filed on SEDAR at www.sedar.com entitled: “Cordero Project, NI 43-101 Preliminary Economic Assessment Update” dated effective March 1, 2018.
For more information on Levon Resources, please visit our website at www.levon.com.
Mineral Resource estimates reported herein have been classified as Indicated or Inferred based on the confidence of the input data, geological interpretation and grade estimation parameters. Mineral Resources used for estimating project economics reported herein are based on inputs that include metallurgical performance, geologic and geotechnical characterization, operational costs, and other economic parameters. The company is not currently aware of any known factors that are reasonably likely to have a negative material impact on the Company’s Mineral Resources. The Mineral Resource estimate was prepared in accordance with NI 43-101 and classifications adopted by the CIM Council.
For further information, contact the Company IR Direct at 604-682-2991, or main office number 778-379-0040.
ON BEHALF OF THE BOARD
“Ron M. Tremblay”
Ron M. Tremblay
President and Chief Executive Officer
Neither the Toronto Stock Exchange (the “TSX”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of various studies including the PEA, and exploration results, the potential tonnage, grades and content of deposits, timing and establishment and extent of resources estimates. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.