Linear Metals Corporation
TSX VENTURE : LRM

Linear Metals Corporation

July 18, 2007 09:27 ET

Commencement of Drilling at Linear Metals' KM61 Molybdenum Project

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Linear Metals Corporation (TSX VENTURE:LRM) announces the start of an initial 4,000 metre drill program at its wholly-owned KM61 molybdenum project. The KM61 project is well located approximately 60 kilometres east of Armstrong, Ontario on an all-weather logging road, and only 12 kilometres from the main CN rail line.

Disseminated and vein-type molybdenum mineralization is hosted by two 1.5 kilometre long, northeast trending, quartz monzonite porphyry dykes and their flanking mafic metavolcanics at KM61. The dikes are closely spaced, measure 100 to 200 metres wide and are extensively quartz stockworked with phyllic and potassic alteration.

The initial 4,000 metre drill program is designed to test both the high grade vein hosted molybdenum targets and the bulk tonnage porphyry molybdenum-copper-silver targets discovered by Noranda and Falconbridge drilling in 2004 and 2005. The highlights of the previous drill program on vein mineralization were intersections of 3.0 metres grading 1.78% molybdenum in hole K-05-8, and 2.9 metres grading 1.41% molybdenum in hole K-05-12. The highlights from drilling in the bulk tonnage porphyry target included 128.8 metres grading 0.058% molybdenum and 0.12% copper in hole K-05-07, and 61.2 metres grading 0.076% molybdenum and 0.19% copper in hole K-05-06 (results for all old drill holes are available on the Linear Metals website).

"We are excited to commence an initial 4000 metre drill program to extend the high-grade Molybdenum veins as well as the bulk-tonnage stockwork molybdenum-copper zones where mineralization remains open for expansion and definition", said Grant Ewing, President and COO.

Linear has been active at KM61 in preparation for the drill program, carrying out trenching, sampling, line cutting for an IP survey, and additional claim staking. The trenching program was carried out to test the system along the indicated strike of the high grade vein structure, and to test several unexplained molybdenum in soil anomalies located approximately 500 metres to the southeast of the known mineralized zones.

Following trenching, Linear began a sampling program of previously unsampled core from the 12 holes drilled by Noranda and Falconbridge. Re-logging shows that core with visible molybdenite was left unsampled, as the primary target mineral was copper at that time. Assay results for the sampled intervals, some measuring as large as 150 metres (drill width), are pending.

Linear Metals plans to host a series of site tours for the investment community over the coming weeks.

The technical information in this press release was prepared under the supervision of Matt Rees, P. Geo, Chief Geologist, a qualified person as defined by National Instrument 43-101. The KM61 drill results were obtained from Noranda, who followed internal drill hole sampling protocols requiring insertion of blanks and standards. Assaying (Cu, Au, Ag) was done by Accurassay in Thunder Bay, ON, and Mo was completed by ALS Chemex in Vancouver, British Columbia.

For further details on Linear Metals Corporation and its KM61 project please visit the Company's website at www.linearmetals.com or contact Terry Christopher, Investor Relations at (902) 422-1421 or within North America at 1-866-546-3272.

Grant Ewing, President

Forward-Looking Information:

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The likelihood of future mining at KM61 is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for pits and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at KM61 and there is no assurance that the mineralization at KM61 will ever be classified as ore. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Linear Metals Corporation
    Terry Christopher
    Investor Relations
    (902) 422-1421 or within North America at 1-866-546-3272
    Website: www.linearmetals.com