A Taste For The Market
Levon Publishes a Mexico Silver-Gold-Base Metals Project PEA
By Ted Niles

Levon Resources’ TSX:LVN preliminary economic estimate of its Cordero project was originally intended for internal use only. President and CEO Ron Tremblay admits that normal procedure is to drill off the resource before working on the economics, but Cordero is unusually large. He explains, “We’ve just started our Phase 4, 130,000-metre drill program, so there’s an awful lot more drilling to do before we’re ever going to be in a position to actually figure out how big this thing is going to be. But we needed to put something together to show the market, investors and institutions that, yes, the economics are there, and this is what they look like for the first four stages.”

The 20,000-hectare Cordero project is located on the Chihuahua side of the Chihuahua-Zacatecas Silver-Gold Belt in Mexico. The Belt hosts, among others, Goldcorp’s TSX:G Peñasquito Mine and Camino Rojo projects, as well as Silver Standard’s TSX:SSO Pitarilla and San Agustin projects. Cordero has indicated resources of 310.87 million ounces silver, 908,000 ounces gold, 5.4 billion pounds zinc and 2.87 billion pounds lead and inferred resources of 139.9 million ounces silver, 229,000 ounces gold, 2.15 billion pounds zinc and 1.21 billion pounds lead.

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