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Levon Resources (LVNVF/LVNVF.PK) Wrap Up:

Levon Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold. The company, through its joint venture, focuses on exploring porphyry silver, lead, zinc, and molybdenum properties. Levon Resources Ltd. was incorporated in 1965 and is headquartered in Vancouver, Canada.
www.levon.com
Founded in 1965

Levon Resources (LVNVF:Pink OTC Markets Inc)

LAST $0.57 USD
CHANGE TODAY -0.0466 -7.52%
VOLUME 10.8K
As of 3:38 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Levon Resources (LVNVF)

OPEN
$0.58
PREVIOUS CLOSE
$0.62
DAY HIGH
$0.58
DAY LOW
$0.57
52 WEEK HIGH
11/18/09 - $0.68
52 WEEK LOW
12/8/08 - $0.04
MARKET CAP
31.9M
AVERAGE VOLUME 3 mo
55.2K
DILUTED EPS TTM
--
SHARES OUTSTANDING
55.6M
LVNVF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

LVNVF Top Compensated Officers

Ms. Lisa Sharp C.G.A
Chief Financial Officer
Total Annual Compensation: C$8.9K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Levon Resources (LVNVF)

Levon Resources Ltd. Reports Initial Drilling Results from Diamond Drill Program for Bulk Tonnage

Levon Resources Ltd. reported initial drilling results from the recently completed diamond drill program for bulk tonnage, Penasquito type targets at the Cordero silver, gold, zinc, lead, porphyry district located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. This program included drilling 8 angle core holes, totaling 2,840 metres of HQ core. The eight holes were designed to test five, first priority, bulk tonnage targets in three of four mineralized intrusive centers of the Cordero Porphyry Belt. The Cordero Porphyry Belt measures 6 km on Net strike and is about 3 km wide. The targets are widely spaced across the Cordero District and include: Pozo de Plata Diatreme Dike Complex at the present SW end of the Belt (Hole C09-1, C09-2, C09-4, C09-5; The down dip projection of outcropping bonanza Ag veins (Au, Zn, Pb) in the Cordero Volcanic Dome Complex immediately to the Net (C09-3); Porphyry targets Cordero Dome Complex (C09-8); La Ceniza Limestone-Roofed Stock The down dip projections of outcropping bonanza veins and associated replacement deposits immediately NE. The targets are defined on the basis of detailed geologic mapping, the district scale soils grid, rock chip samples, and chargeability anomalies from a 3D induced polarization survey completed in July, 2009. The drilling program was completed by HD Drilling of Mazatlan, Mexico. Drill assay results received to date include complete assays from holes C09-1, 2, 4 and 5 (Pozo de Plata) and the top of hole C09-3 (Cordero Volcanic Dome Complex), as summarized in Table 2 below. In Table 2 Sample lengths reported are core intervals and true widths are not known. Summary of Phase I drill assay results received to 2 November 09, Cordero Project, Chihuahua, Mexico. Final results for the remainder of hole C09-3 and holes C09-6, 7 and 8 will be released as soon as results have been received. The Pozo de Plata Diatreme Breccia, Dike Complex was recognized and has extended the Cordero Porphyry Belt about 2 km to the southwest in March, 2009. Follow up geologic mapping, soils sampling, rock chip sampling and two rounds of trenching established wide intervals of mineralized diatreme breccia and rhyolite dikes on surface as reported in previous news releases. The Diatreme Complex is for the most part covered by thin soil and colluvium, and initial drilling explored eastern outcrops of the complex near the discovery outcrop which were used to follow up on some of the trench results.

Levon Resources Ltd. to Begin Drilling on Norma Sass, Cortez Gold Trend, Nevada

Levon Resources Ltd. announced that Barrick Cortez Gold Mines have notified Levon that the planned drilling program at Levon's 1/3 owned Norma Sass property (Coral Gold Resources Ltd. 2/3) will commence in the first week of October. The current proposed drilling will consist of two mud rotary holes with target depths on the order of approximately 1,800 to 2,000 feet to test structural and geochemical targets in the Lower Plate carbonate sequence, with the potential to go deeper as the rock dictates. The Norma Sass property is situated in the Crescent Valley, Nevada, USA approximately 1 mile south west of Barrick's former producing Gold Acres, open pit mine and two miles west of Barrick's currently producing Pipeline Mine. Barrick is currently earning an interest of up to 75% in the Norma Sass property under the terms of the September 28, 2008 agreement. Barrick may earn a 60% interest by incurring total exploration expenditures of at least $3 million in annual installments by December 31, 2014. Barrick may earn an additional 10% (for an aggregate interest of 70%) by incurring an additional $1.5 million by December 31, 2015. Barrick may earn an additional 5% (for an aggregate interest of 75%) by carrying Levon and Coral through to commercial production.

Levon Resources Ltd. announced delayed 20-F filing

On 09/24/2009, Levon Resources Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

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Price/Book 22.8x
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LVNVF

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LVNVF transactions

Type
Date
Target
Private Placement
June 22, 2009
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