CEO Interview with Ron Tremblay of Levon Resources
Earlier this month, Levon Resources Limited resumed phase four drilling at its wholly owned
Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired
Aida claim, located in a central part of the Cordero resource. Finance Monthly caught up with
Levon’s President and CEO, Ron Tremblay, for insight into the company’s latest developments.
We have built excellent relations with the
More importantly, we understand that
What have been Levon Resources’ most
communities, and a dedication to hiring
anything we do here, from prospecting to
notable events of 2012/13?
and training our personnel from the local
drilling, from road building to construction,
impacts the environment to some extent. Our
mandate is to disrupt the environment as little
What do you believe makes Levon stand
out on the mining sector landscape?
as possible and to return the land to as close
to its original state as possible. At all times we
We have acquired the Aida claim in the
central portion of our planned open pit at
Cordero, potentially increasing our resource
adhere to, and attempt to exceed, standards
by as much as 30%, and increasing our world
ounded in 1965, Levon Resources
for gold, silver, lead, zinc, and copper. It
certain interests in three mineral properties,
The sheer size of the Cordero discovery, and
issued by the Mexican Environmental and
Ltd. is an exploration stage
principally owns a 100% interest in the
including the Ruf and Norma Sass claims, and
the low cost per ounce that we have spent to
Natural Resources Authority (SEMARNAT)
company that engages in the
Cordero Sanson property, which covers an
the Eagle claims located in the Bullion Mining
develop the resource is absolutely amazing,
and the Mexican Environmental Protection
What does the future hold for Levon
area of approximately 20,000 hectares
District, Lander County, Nevada, U.S.
we have spent about $30.0m to create a Net
development of natural resource properties
located to the northeast of Hidalgo Del
in Mexico. The company primarily explores
Parral, Chihuahua, Mexico. Levon also holds
Above all, the people of Levon Resources
We will continue to add to the Cordero
Present Value of approximately $6.0B and
Mr. Tremblay brings to Levon over 30 years'
experience in finance and management. In his
The Cordero Project
five years as Levon's President, he has raised
Can you tell us about the company’s
approach to its social responsibilities?
Levon Resources recently announced that it
which completed an initial Preliminary
approximately $80M for the company and
had entered into an agreement to purchase a
Economic Assessment for the Cordero Project,
advanced the Cordero project to its current
100% interest in the Aida mining claim,
acquiring exploration access to the Aida
world-class status. He has taken Levon
One of Levon's key objectives is to bring a new
located in a central part of the Cordero
claim will potentially improve the economics
from a market cap of $5m to over $100M
and long-lived mining district to the Cordero
Project claim block. Acquisition of the Aida
of the project.
(exceeding $400M in 2011) and guided the
region with many years of prosperity. We also
company through very difficult markets.
know that we are visitors here. That's why we
claim consolidates Levon's 100% ownership
of all mining claims in the Cordero mining
district, and represents a significant step in
the Company's advancement of the Cordero
The Cordero Project contains a large scale
silver, gold, zinc, and lead, polymetallic
The Cordero project is a bulk tonnage Ag,
Au, Zn, Pb project located in Chihuahua
State, Mexico, 35 km northeast of the town
take great pride in being a supportive and
What more can you tell us about Levon
of Hidalgo Del Parral.
active member of the community. Our
operation relies on local ranchers, suppliers,
represent the most important asset. We are
committed to ensuring our employees
have safe working conditions and also the
footprint with potential strategic acquisitions.
empowerment to grow in their careers. We
value and reward innovation, teamwork and
a commitment to safe working practices.
How has the mining sector developed in
recent years and how have you moved
President and CEO
The mining sector has been devastated in the
Levon is an Exploration and Development
contractors and service providers in the
last two years, making it extremely difficult
nearby town of Hidalgo del Parral. We enjoy
for Companies to raise Capital, fortunately we
celebrating with our neighbours on occasion
took advantage of the previously good market
Suite 900, 570 Granville Street
Vancouver, bC, Canada V6C 3P1
resumption of Phase 4 drilling at the Cordero
and host traditional Mexican fiestas under the
conditions to fund Levon, and have kept
oz. silver indicated resources, 91 million oz.
project. An initial 14,000 metres of core
opportunities, primarily in the precious
mesquite trees with our entire crew, the
drilling is planned to test the recently acquired
metals space. We use our Technical expertise
new shares in over two years. We have taken
resources of 945,000 oz gold, 6.1 billion
ranchers and their families included.
and our knowledge of the areas to explore for
Levon Resources Ltd.
dilution very low, in fact we have issued no
silver inferred resources, plus further indicated
porphyry resource, containing 364 million
lbs. zinc and 3.3 billion lbs. lead, which
Levon is well funded for the exploration now
Engineering and Technology Corporation,
advantage of the tough conditions to negotiate
opportunities. We have demonstrated our
remains open to expansion. According to M3
Resource, and are looking at increasing our
From an environmental standpoint, we are
very favourable terms on all of our
commitment to fiscal responsibility, and
aware that we share the land with a wide
Agreements and acquisitions, as well as
social responsibility in the areas that we work.
variety of wildlife, plants and sources of water.
reviewing a lot of potential acquisitions.
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