New Discoveries Reported at Levon's Congress Property, Existing Zones Expanded
November 16, 2005 TSX-V Trading symbol: LVN
Levon Resources Ltd. has reported new discoveries and extensions of previous gold zones on its Congress Property near Gold Bridge in southwest British Columbia. Exploration in 2005 expanded gold resources on the Congress and led to development of a new, 3 phase extensive work program.
Recent work on the Congress included two pits, 27 trenches totalling approximately 300 metres, six NQ diamond drill holes totalling 1,060 metres and 102 MMI geological samples in seven lines. This work tested a potential open pit resource (with resulting positive tests for cyanide leaching), extended the Lou Zone by 500 metres and increased its resources, and located a new and very encouraging zone called the Golden Ledge. Trenching on the Golden Ledge exposed a 1 to 1.5- metre wide silicified fault zone with gold values up to 26.4 grams Au per tonne (0.848 oz Au/ton) over 1.2 metres.
Both surface and underground exploration at Congress have developed the following resources:
* Mineral Resource
Zone Tonnes oz/ton g/tonne Category
Howard 273,402.5 0.264 8.20 inferred
Howard 25,909 0.367 11.40 indicated
Howard 40,192 0.280 9.68 measured
Lou (underground) 189,548 0.350 10.90 inferred
Lou (open pit) 124,300 0.077 2.40 inferred
Congress 106,678 0.238 7.40 indicated
*From "Trenching, Drilling and Metallurgical Testing on the Congress Property"- David St. Clair Dunn, P.Geo. NI 43-1-1 Compliant. Nov 2005
Further development work at Congress will be aimed at increasing the known resources in the Lou and Howard zones to a minimum 500,000 contained ounces of gold. This work would consist primarily of drilling and underground development. Drilling would also be aimed at testing and expansion of the new Golden Ledge zone.
Metallurgical testing is ongoing to determine the best method for recovery of the Congress Property's refractory mineralization. Flotation or bio-leaching (tested by Process Research Associates) have provided the best results. Tests are ongoing with the Research and Productivity Council in New Brunswick to assess the cost effectiveness of oxidizing the mineralization using bulk microwave technology.
The Congress Property covers 2,433 hectares (6,012 acres) in British Columbia's historic Bridge River region, and it is easily accessible by automobile from Vancouver. Congress has produced numerous gold discoveries over the past thirty years, and it lies just eleven kilometres north of the historic Bralorne-Pioneer Gold Mine. The Congress Property's geological structures are roughly the same distance from the Upper Cretaceous-Tertiary granitic Bendor intrusions as those of the Bralorne-Pioneer mines. The Bendor Intrusions are a postulated source for the gold mineralization at the Bralorne Mine. Levon's work on the Congress Property is aimed at locating the same type of mineralization.
On behalf of the Board of Directors
of Levon Resources Ltd.
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