Levon $LVN And The Remarkable Cordero Project

Levon Resources(TSX: LVN, OTCQB: LVNVF)

Levon Resources Ltd. has announced the most recent drill results from infill drilling in its Cordero Project, located in Chihuahua, Mexico. The goal of the drilling was to better define the Company’s open pit resource and explore for improved grades.

The Company completed a total of 5,655 m of core in 18 infill core holes within the central part of the Resource, aimed at better definition and exploration for improved grades. We have learned that a gold enriched sulphide zone forms a key part of the Resource and extends from the Pozo de Plata Diatreme into the Cordero Felsic Dome toward the higher grade Aida feeder zone identified in past drilling.

The 2017 drill holes also tested the youngest rhyolite intrusives within the composite Dome complex to the south, which also returned significant by-product gold results.

The ongoing Resource starter pit studies by independent Mining Consultants (IMC) of Tucson in collaboration with M3 indicate by-product gold within the starter pits has a significant impact on pit shapes, modeled production scheduling and projected starter pit economics.

The 2017 drill results highlight the need for additional infill Resource drilling to completely define the Resource internally. The Resource has yet to be delineated along its perimeter or at depth. Cordero remains an advanced stage exploration project with the Resource, proximal porphyry targets beneath the Resource, and outlying targets, on the 137,000 hectare district scale property owned by Levon.

“As metal prices rebound our strategic focus has been to continue to define and improve the Cordero Resource. We expect the 2017 drill results will extend an Au enriched sulphide zone from the Diatreme into the Dome that will have a positive effect on economic projections in the continuing starter pit analysis. The 2017 Resource infill drilling also adds to our exploration understanding of the deposit. Our next step is to provide a 2017 43-101 compliant Resource update to the market and continue the starter pit evaluation toward producing Preliminary Economic Assessment. We are pleased with the 2017 drill results and the improving metals market, which fit our plans to improve Levon shareholder value. We believe Cordero, our 100% owned key asset, is a remarkable project with upside continuing to be realized”.

-Ron Tremblay, President and CEO.