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Levon Resources Ltd.
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Norma Sass Property
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Key Carlin-type Exploration Target in Nevada

Location: Cortez gold trend, Lander County, Nevada
Area: 300 hectares (740 acres)
Ownership: Levon Resources 1/3; Coral Gold Resources 2/3
Minerals: Gold, silver
Status: Exploration -- deep drilling


Norma Sass Overview

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An outstanding target for discovery of Carlin-style gold deposits, Norma Sass is located immediately south of the Gold Acres mine and west of the Cortez/Pipeline Mine. Its geological/geographical setting make Norma Sass one of the region's prime properties. Previous drilling encountered gold hosted by favorable, lower-plate carbonate strata. Norma Sass is owned 1/3 by Levon and 2/3 by Coral Gold Resources.

Drilling for Gold in the Lower Plate
The primary target at Norma Sass is the Lower Plate of the Roberts Mountains overthrust, where most of the region's larger mines--including Barrick's Pipeline Mine--have encountered world-class orebodies. The conceptual target at Norma Sass is potential high-grade (>0.50 oz Au/t) Carlin-style gold mineralization hosted by sheared carbonate strata in the upper 150 ft of the Roberts Mountains formation. Under a previous exploration agreement, Barrick Gold conducted deep drilling on the property to depths of over 2,500 feet. One hole entered the lower plate Wenban limestone at 1,330 foot depth and was bottomed in the Roberts Mountain formation. These are the principal host rock formations for the gold deposits at the Pipeline, Gold Acres and Cortez Hills mines. Barrick's drilling encountered gold mineralization, but no significant assays were reported. Plans for further drilling are now under consideration.

Carlin-Style Mineralization Encountered in Earlier Drilling
Past drilling at Norma Sass has encountered significant Carlin-style gold mineralization, including narrow ore-grade intervals (up to 40 ft/0.053 oz Au/t) and a strongly developed trace element suite within favorable lower plate carbonate strata. According to McCormack and Hays (1996), gold mineralization at the Pipeline mine, along with most of the other major gold ore bodies at the south end of Crescent Valley is strongly controlled by sub-horizontal and/or bedding parallel shear zones within the Roberts Mountains formation. At Gold Acres, gold is controlled by a shear zone within the Roberts Mountains formation that dips to the south at 15° to 20°, sub-parallel to the Roberts Mountain Thrust Fault. This shear zone is thought to extend under portions of the Norma-Sass claims. The highest grades at Gold Acres were encountered where NE-trending high angle faults intersect the shallow dipping shear zone.

Geology---on the Margin of the Gold Acres Structural Window
The claims are situated on the southwest margin of the Gold Acres structural window in folded and faulted, early to middle Paleozoic siliciclastic strata of the upper plate of the Roberts Mountains thrust fault. These rocks overlie mildly deformed, coeval lower plate carbonate strata that hosts major Carlin-type gold deposits at the nearby Gold Acres and Pipeline/South Pipeline open pit mines. Lower plate carbonate rocks are not exposed on the Norma-Sass claims, but have been intersected in most drill holes. A series of important northeast striking normal faults extend southward from the Gold Acres pits on to the Norma-Sass claims. These faults are considered potentially important ore-controlling structures. At the Gold Acres mine, located 2,000 ft north of the claims, a mineralized shear zone in the Roberts Mountains formation dips southward toward the Norma-Sass claims, suggesting potential for discovery of gold mineralization at a depth of less than 1,500 ft.

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