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Levon Resources Ltd. is pleased to announce that the company has entered in to an Agreement with La Cuesta International, Inc. (LCI) to acquire 100% of the Las Mesas gold-silver-lead-zinc project, Durango, Mexico.
Las Mesas covers 24,732 hectares of staked claims and is located near the small villages of Peña and Ignacio Manuel Altamirano, about 43 kilometers south of Santa Maria del Oro. The ground is near the well known mineral districts of Magistral del Oro and Indé, and is 45 km WNW of Silver Standard Resources' Pitarrilla Project, Durango, Mexico.
LCI is the generative exploration company of Perry Durning and Bud Hillemeyer, exploration geologists in Mexico, who discovered Pitarrilla, Camino Rojo and many others over the last 16 years of their grassroots exploration.
Las Mesas was identified by LCI as part of a regional generative exploration program. While conducting their regional work, LCI discovered unprospected alteration areas and mineralized outcrops that are interpreted as the surface expression of a mineralized hydrothermal system beneath the Upper Volcanic Sequence rhyolites of the region. Subsequent and independent of LCI's field work, reinterpretation of the government aeromagnetic data by Fritz Geophysics indicated the presence of a large dike-like body intruded at depth along the Las Mesas fault. Surface alteration and geochemically anomalous mineralization is controlled by major northwest-trending faults creating a series of half grabens in the Peña and Ignacio Manuel Altamirano area. The faults cut Neogene age rhyolite tuff (ignimbrite) and the grabens are locally sites of felsic domes and basalt volcanism.
LCI identified weak-to-moderate silicification and argillic alteration for over 8 km of strike along the footwall of the northwest-trending, regional Las Mesas fault zone. LCI interprets that the encouraging observations of alteration in the basal units of the Upper Volcanic Sequence rhyolite section may represent leakage from the waning stages of a robust mineral system (perhaps related to buried felsic intrusions) entirely preserved at depth and covered by post-mineral rhyolites and basin-fill conglomerates.
The initial purpose of the agreement is to fund continued LCI prospecting of the zone, teamed up with Levon geologists to identify drill targets for large scale, high grade and/or bulk tonnage Au, Ag, Pb, Zn deposits.
"We are pleased that Perry and Bud considered Levon to advance their grassroots project. We are looking forward to working with them in the field for our mutual success," comments Vic Chevillon, VP Exploration, Levon.