Linear Gold Corp.
TSX : LRR

Linear Gold Corp.

October 07, 2005 09:21 ET

Linear Extends Campamento Deposit Along Strike And At Depth, Lxhuatan Project, Mexico

HALIFAX, NOVA SCOTIA--(CCNMatthews - Oct. 7, 2005) - Linear Gold Corp (TSX:LRR) is pleased to report additional drill results from the Company's 100% owned Ixhuatan Project, located in the state of Chiapas, Mexico. Highlights of the most recent results include 28 metres containing 17.9 grams per tonne gold and 25.7 grams per tonne silver, and 210 metres containing 1.3 grams per tonne gold and 3.4 grams per tonne silver from hole IX-78B; and 42 metres of 3.1 grams per tonne gold and 13.3 grams per tonne silver from hole IX-76.

Campamento Deposit

Additional results from drilling on the Campamento deposit have extended gold mineralization along strike to the southwest and significantly to depth. The Campamento zone has now been defined over a 310 metre strike length and remains open along strike and at depth. All drilling on the deposit was performed on section at an azimuth of 150 degrees to the main NE-SW trend.

Drill holes IX-74, IX-75 and IX-78B were collared SW of the main high grade core area of the deposit represented by drill hole IX-67. Drill hole IX-76 was collared to the NE of the high-grade zone. Hole IX-73, tested a north-south structure outside of the Campamento fault zone 450 metres southwest of the center of the deposit. The following table summaries results returned from this phase of drilling.



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Hole From To Thickness Grams per Grams per Comments
(Metres) tonne Gold tonne Silver
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IX-74 14 126 112 1.0 6.5
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including 14 26 12 1.7 2.8
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IX-75 262 272 10 1.0 5.3
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340 342 2 7.1 4.8
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IX-76 114 278 164 1.3 6.0
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including 150 192 42 3.1 13.3 Assays below
278m pending
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IX-78B 6 34 28 17.9 25.7
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244 454 210 1.3 3.4
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including 244 264 20 2.2 14.9
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including 380 446 66 1.8 2.2 Assays below
526m pending
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Hole IX-74 was collared 95 metres SW of IX-72 and approximately 140 metres WSW of the high grade core. The hole was drilled at a 150 degree azimuth at an inclination of -55 degrees. A 112 metre intersection was encountered that assayed 1.0 grams per tonne gold and 6.5 grams per tonne silver from 14-126 metres depth. A 12 metre near-surface zone from 14-26 metres assayed 1.7 grams per tonne gold and 2.8 grams per tonne silver. Based on a subvertical dip, the mineralization intersected in this hole represents a zone of approximately 63 metres true width.

Hole IX-75, collared 128 metres WNW of IX-74, represents an approximate 265 metre step out from the high grade core of the deposit. The hole was drilled at a 150 degree azimuth and an inclination of -55 degrees. Several zones of gold mineralization were encountered including 10 metres of 1.0 grams per tonne gold and 5.3 grams per tonne silver from 262-272 metres and 2 metres of 7.1 grams per tonne gold and 4.8 grams per tonne silver from 340-342 metres. Further drilling will be required to confirm the true extent of gold mineralization along this strike direction.

Hole IX-76 was collared 53 metres north of IX-15, and drilled at a 150 degree azimuth and inclination of -55 degrees. The hole was designed to test the extent of the higher grade core of the deposit to the NE of IX-67. Only results to 278 metres depth have been received to date. The hole intersected 164 metres of 1.3 grams per tonne gold and 6.0 grams per tonne silver from 114 to 278 metres, including 42 metres of 3.1 grams per tonne gold and 13.3 grams per tonne silver between 150 and 192 metres depth. The zone of deeper mineralization at 278 metres in this hole is approximately 70 metres below the deepest previously interested mineralization which occurred in hole IX-40, adding significant depth to the deposit. See cross-section of gold grades at www.lineargoldcorp.com.

Hole IX-78B, collared 95 metres NW of IX-72, represents a 153 metre stepout from the core area (IX-67). The site was drilled at a 150 degree azimuth and inclination of -65 degrees. IX-78B was designed to test the down-dip extension of the mineralization recorded in IX-69. Hole IX-78B intersected two distinct zones of mineralization: An upper zone intersected 28 metres of 17.9 grams per tonne gold and 25.7 grams per tonne silver from 6 - 34 metres depth. This zone was previously intersected in vertical drill hole IX-09 and assayed 30 metres of 11.5 grams per tonne gold and 22.6 grams per tonne silver. A lower zone, corresponding to the mineralization encountered in IX-69, returned 210 metres of 1.3 grams per tonne gold and 3.4 grams per tonne silver between 244 to 454 metres depth. Within this zone a 66 metre interval, between 380 and 446 metres, returned 1.8 grams per tonne gold and 2.2 grams per tonne silver. Mineralization at 454 metres is approximately 240 metres below the mineralization intersected at the base of hole IX-59, adding significantly to the known depth of the deposit. See cross-section of gold grades at www.lineargoldcorp.com.

Hole IX-73 was collared 450 metres southwest of the centre of the deposit and was designed to test a N-S structure with coincident soil and rock geochemistry, outside the

Campamento fault zone. The hole was collared at a 105 degree azimuth and inclination of -55 degrees. No economic mineralization was encountered.

Previously assays for holes IX-69, IX-70 and IX-71 were released to 302 metres, 292 metres and 212 metres, respectively. Results from the sections of core below these intervals have been received and showed anomalous gold.

Drilling continues at the Campamento Deposit targeting the extent of mineralization along strike and at depth. Linear continues to identify and drill new high priority targets outside the main Campamento area.

Linear recently commenced a large scale geophysical and geochemical sampling program at Ixhuatan. Ground geophysical programs including Spectral Induced Polarisation (IP) and magnetic surveys are in progress. A large scale MMI geochemical sampling program is also underway.

This press release has been prepared under the supervision of Mr. Bill Bond P.Geo., who serves as the qualified person for this project under National Instrument 43-101. A map of the project showing the location of all drill holes is available at the company's website www.lineargoldcorp.com.

All samples were submitted to ALS-Chemex Labs in Guadalajara, Mexico with gold analyzed by either 30g or 50g charge digestion Fire Assay - AA finish with samples greater that 10 gram per tonne analyzed by Fire Assay - gravimetric finish. Other metals were analyzed by aqua regia digestion with ICP finish.

Linear Gold Corp. is actively exploring for gold and base metals in Mexico, and through joint ventures in Canada and the Dominican Republic.

Signed "Wade K. Dawe"

Wade K. Dawe, President

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

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

Contact Information

  • Linear Gold Corp.
    Terry Christopher
    Manager of Investor Relations
    1-902-422-1421
    www.lineargoldcorp.com
    or
    Fuller Fletcher & Associates Ltd
    Nick Fuller or Samantha Fletcher
    European Investor Relations
    +44 207-256-5204
    +44 207-256-5678 (FAX)