Friday 9th December 2016

Resource Clips


Posts tagged ‘Valley High Ventures Ltd (VHV)’

Levon, Valley High report Mexico assays of 97.2 g/t silver, 3.2% zinc over 50m

March 18th, 2011

Levon Resources Ltd TSXV:LVN in joint venture with Valley High Ventures Ltd TSXV:VHV announced assays from the Cordero Project in Chihuahua State, Mexico. Results include 26.1 g/t silver over 20 metres, 51.7 g/t silver and 3.25% zinc over 8 metres, 31.9 g/t silver over 20 metres, 97.2 g/t silver and 3.24% zinc over 50 metres, 41.6 g/t silver and 1.34% zinc over 14 metres, 244.4 g/t silver and 4.72% zinc over 6 metres, 42 g/t silver over 36 metres, 29.6 g/t silver over 46 metres, 33.9 g/t silver and 1.93% zinc over 14 metres, 29.1 g/t silver and 1.38% zinc over 84 metres, and 22.9 g/t silver over 122 metres.

Levon is the project operator and has a 51% interest in the Cordero Project. Levon has entered into an arrangement whereby it will acquire all outstanding shares of Valley High and own the full interest in Cordero.

View Company Profile

Contact:
Levon Resources Ltd
Ron Tremblay
President/CEO
604.682.3701

or Valley High Ventures Ltd
Geoff Chater
President
604.614.7830

by Ted Niles

Levon Resources to acquire Valley High Ventures

January 17th, 2011

Levon Resources Ltd LVN:CA and Valley High Ventures Ltd VHV:CA announced that they have entered into an agreement whereby Levon will acquire all of the outstanding shares of Valley High. Under the plan of arrangement Valley High shareholders will receive one share of Levon and 0.125 of a share in a new exploration company, SpinCo, for each Valley High share. On completion of the transaction, Valley High shareholders will hold approximately 43% and Levon shareholders 57% of the outstanding shares of Levon on a fully-diluted basis. Valley High shareholders will own 100% of the SpinCo shares and SpinCo will own all of Valley High’s exploration assets outside of the Cordero Project and will have $1.8 million in cash.

Levon President/CEO Ron Tremblay stated, “This acquisition consolidates ownership of our flagship Cordero Project and creates a dominant position in the Cordero Porphyry Belt. This is a strategic combination that will enhance long-term shareholder value and consolidate ownership of the Cordero Project in Mexico into one public company. We will continue to aggressively pursue exploration on the property and target completing a 43-101 resource estimate in Q2 2011 and a preliminary economic assessment by Q3 2011. The transaction leaves Levon well funded to complete the 59,000 metre Phase 3 drill program. We look forward to having the Valley High shareholders in Levon.”

View Company Profile

Contact:
Levon Resources
604.682.3701

or Valley High Ventures Ltd
604.614.7830

by Ted Niles

Levon reports Mexico Silver Assays as high as 149.9 g/t over 26m

January 14th, 2011

Levon Resources Ltd LVN:CA in joint venture with Valley High Ventures Ltd VHV:CA announced results from its Cordero Project in southern Chihuahua State, Mexico. Assays include 149.9 g/t silver over 26 metres, 68.9 g/t over 24 metres, 86.6 g/t over 47 metres, 955.3 g/t over 6 metres, 52.3 g/t over 42 metres, 123.9 g/t over 18 metres, 83.9 g/t over 14 metres, 416 g/t over 4 metres, 63.6 g/t over 50 metres, 123.1 g/t over 26 metres, 101.2 g/t over 80 metres, 133.4 g/t over 50 metres, 117 g/t over 16 metres and 67.8 g/t over 124 metres. Levon is 51% owner and operator of the project and holds 49% in trust for Valley High.

Levon President/CEO Ron Tremblay stated, “The early Phase 3 results so far are opening up rather than closing off the discoveries, and they require continued offset and delineation drilling. This is exactly why we have ramped up the drilling program. We are trying to realize the Cordero upside as soon as we can, and at the same time advance the discoveries toward the feasibility study stage. We believe our Cordero exploration results over the last 23 months continue to point to a major new bulk tonnage district in Mexico. We are pleased and see a bright future for our shareholders.”

View Company Profile

Contact:
Levon Resources Ltd
604.682.3701

by Ted Niles