Projects
Cordero Properties
Overview
The Cordero property in Mexico is being evaluated for large bulk mineable silver, gold, zinc and lead deposits geologically similar to the large Penasquito deposit currently being developed by Goldcorp Inc. Recent drill results from Cordero include the discovery of a new zone at Pozo de Plata wherein drill hole C09-5 returned 152 metres grading 80.64 g/T Ag, 0.61 g/T Au, 1.41 % Zinc and 1.22% lead. Levon Resources Ltd. has an option to earn a 51% interest in the project by funding exploration work totaling Cdn$1,250,000 plus their proportion of the underlying option and maintenance property costs.
Location and Property
The Cordero property is located approximately 220 kilometres south of the city of Chihuahua, Mexico and approximately 40 km northeast of the town of Hidalgo de Parral. Its is a large 20,000 hectares property comprised of 100% owned tenure and two options to acquire 100% (target potential is 6km by 3km)
Surface rights over central targets governed by a surface rights agreement with a single ranch owner. Infrastructure is excellent with power lines nearby, property 15km from highway and hydro-resource near of property.
Recent Drilling
The Cordero property in Mexico is being evaluated for large bulk mineable silver, gold, zinc and lead deposits geologically similar to the large Penasquito deposit currently being developed by Goldcorp Inc. Recent drill results from Cordero include the discovery of a new zone at Pozo de Plata wherein drill hole C09-5 returned 152 metres grading 80.64 g/T Ag, 0.61 g/T Au, 1.41 % Zinc and 1.22% lead. Levon Resources Ltd. has an option to earn a 51% interest in the project by funding exploration work totaling Cdn$1,250,000 plus their proportion of the underlying option and maintenance property costs.
Location and Property
The Cordero property is located approximately 220 kilometres south of the city of Chihuahua, Mexico and approximately 40 km northeast of the town of Hidalgo de Parral. Its is a large 20,000 hectares property comprised of 100% owned tenure and two options to acquire 100% (target potential is 6km by 3km)
Surface rights over central targets governed by a surface rights agreement with a single ranch owner. Infrastructure is excellent with power lines nearby, property 15km from highway and hydro-resource near of property.
Recent Drilling
| Cordero 2009 Drilling | ||||||
|---|---|---|---|---|---|---|
| Hole | length (m) | Ag (g/T) | Au (g/T) | Zn % | Pb % | |
| C09-1 | Pozo de Plata | 70 | 29.1 | 0.08 | 0.25 | 0.15 |
| C09-2 | Pozo de Plata | 82 | 31.7 | 0.27 | 0.15 | 0.23 |
| C09-3 | Cordero Dome | 20 | 88.3 | 0.14 | 1.90 | 1.69 |
| C09-3 | Cordero Dome | 8 | 25.4 | 0.56 | 1.45 | 0.31 |
| C09-4 | Pozo de Plata | 8 | 32.5 | 0.21 | 0.62 | 0.34 |
| C09-5 | Pozo de Plata | 152 | 80.6 | 0.61 | 1.41 | 1.22 |
| C09-5(incl.) | Pozo de Plata | 72 | 150.2 | 1.06 | 2.48 | 2.27 |
| C09-7 | La Ceniza | 6 | 50.5 | 0.16 | 2.01 | 1.11 |
| C09-8 | Cordero Dome | 66 | 17.3 | 0.02 | 1.45 | 0.08 |
| C09-8 | Cordero Dome | 6 | 15.8 | 0.02 | 1.69 | 0.34 |
| C09-8 | Cordero Dome | 8 | 87.9 | 0.08 | 3.05 | 1.54 |
