Linear Gold Corp.

Linear Gold Corp.

October 26, 2005 11:55 ET

Linear Gold Exploration Update

HALIFAX, NOVA SCOTIA--(CCNMatthews - Oct. 26, 2005) - Linear Gold Corp. (TSX:LRR) is pleased to provide an update on several of its exploration projects in Mexico and the Dominican Republic:

Ixhuatan Project, Chiapas, Mexico

Additional progress has been made on Linear's 100% owned Ixhuatan project located in northern Chiapas. The exploration program has been planned around three distinct areas within the property, including the Campamento Deposit, the Advanced Area (1600 ha) and the Regional Area (98,000 ha).

Campamento Deposit

At the Campamento Deposit drilling has continued to extend the zone of mineralization laterally and at depth. The deposit includes a high-grade core situated within a lower grade envelope. The highest grades are spatially associated with a porphyritic unit that appears to have intruded a fracture/fault zone.

Micon International Limited ("Micon") has been engaged to calculate a 43-101 compliant resource estimate on the deposit. Following an initial on-site review of the project, Micon has recommended an additional five in-fill holes to be completed within the confines of the possible pit. The Company expects to complete the required drilling on the Campamento Deposit within the next three weeks. The resource estimate is expected to be completed during the second quarter of 2006.

Advanced Area

To date, most of the detailed exploration has been carried out on the Advanced Area which encompasses approximately 1600 ha. This area encompasses five known large gold-in-soil anomalies, including the Campamento, Western, Northern, Central and Cerro La Mina anomalies. The Campamento Deposit is located at the northern end of the 1400 metre long Campamento gold-in-soil anomaly.

A detailed exploration program including induced polarization (IP), magnetics, MMI soils, PIMA analysis, rock sampling and mapping has been carried out within a portion of the Advanced Area. To date three styles of mineralization have been identified including: skarn (Western and Northern Anomalies), porphyry-related gold within a strongly fractured zone (Campamento and Central Anomalies) and high sulfidation targets (Cerro La Mina and San Isidro Anomalies). A fourth potential target, a copper-gold porphyry, is suggested to exist at depth in the San Isidro and Cerro La Mina areas.

At the Central Anomaly, situated approximately 800 metres NW of the Campamento Discovery, field crews have identified numerous mineralized sulfide zones associated with highly fractured zones within feldspar porphyry and volcaniclastics. Surface mineralization has identified gold grades up to 6.3 grams per tonne and silver as high 149.0 grams per tonne. Detailed IP and mag surveys are underway and preliminary data shows several areas of elevated chargeability believed to be associated with sulfide accumulations. A recent MMI survey has been completed over the IP lines and data is pending. A four-six hole drilling program is in progress and is expected to be completed near the end of the month.

Highlights of surface sampling at the Central Anomaly include:

Sample number Gold Silver
(grams per tonne) (grams per tonne)
LGA16389 4.7 10.4
LGA10052 3.5 18.6
LGA10513 1.9 8.1
LGA10253 1.6 2.2
LGA16311 2.3 149.0
LGA16313 1.4 1.9
LGA16314 1.6 5.2
LGA10054 6.3 6.3

Recent mapping and surface sampling at the Northern Anomaly has identified a skarn target. Metal values as high as 3.4% copper, 3.5 grams per tonne gold and 84.3 grams per tonne silver have been collected from surface mineralization. A drill program is planned for the Northern Anomaly in the coming weeks.

Highlights of surface sampling at the Northern Anomaly include:

Sample number Gold Silver Copper
(grams per tonne) (grams per tonne) (%)
LGA19354 2.4 19.0 0.53
LGA19497 3.0 35.1 2.61
LGA19498 3.5 84.3 3.44
LGA19499 0.9 13.1 0.88
LGA19500 1.4 25.1 0.91

Linear's detailed exploration program has identified several other high priority drill targets within the Advanced Area and Linear has initiated the process to obtain the necessary permits to access these target areas for drilling and further exploration.

Regional Program

The Regional Program initially started with stream sediment sampling to identify areas of high interest. This program has been successful in identifying areas of anomalous gold in stream sediments. The regional crews have now started follow-up work on these areas which will include rock, MMI and conventional soil sampling and mapping.

La Morena, Coahuila, Mexico

Drilling has begun on Linear's 100% owned La Morena property, a carbonate hosted gold-copper target located in northern Mexico. A 1600 metre program is planned with eight holes to test a combination of geochemical and geophysical anomalies. Recent reprocessing of an IP-Resistivity study over the project area indicates a resistivity high approximately 1.4 kilometres in diameter which is related to zones of recrystallization and silicification of the host limestone unit at the surface. Linear geologists interpret the resistivity high to be associated with a zone of alteration caused by a shallow intrusive system. Previous drilling by the Japanese aid agency, JICA, in association with the Mexican Consejo de Recursos Minerales in 1978 identified mineralization such as 8 metres of 5.5 grams per tonne gold, 151.4 grams per tonne silver and 3.9% copper from hole M-2 associated with the marginal zones of the resistivity anomaly. Results from surface geochemical sampling over the target area indicate 30 out of 55 samples containing between 0.1 and 4.7 grams per tonne gold. Historical drilling has not targeted the main zone of resistivity which will now be the focus of Linear's drilling.

Motozintla, Chiapas, Mexico

Drill road construction is set to begin on Linear's 100% owned Motozintla property, a gold target located in southern Mexico, near the Guatemala border. The construction will focus on providing access for drilling to a gold-in-soils anomaly associated with silicified volcanic rocks and schists along a major structural system. Values ranging from 0.08 to 1.0 grams per tonne gold have been identified in soil sampling along a strike extent of 2.2 kilometres which remains open to the west. Trenching and sampling will be undertaken as the access road crosses the anomaly zone and drilling will then be focused on the strongest surface geochemical signatures.

Cobre Grande, Oaxaca Mexico

A detailed interpretational report has been undertaken on the Cobre Grande project by SRK Associates on behalf of Linear. The report is to contain 3D modeling of the mineralization identified during Linear's previous drilling campaigns and is expected to be completed shortly. The report will assist in targeting additional sulfide and oxide copper silver mineralization identified in the principal zone and sulfide molybdenum mineralization identified adjacent to the west.

Mexico Reconnaissance

Reconnaissance geochemical surveys have been undertaken recently in the states of Chiapas and Oaxaca in an effort to identify new target areas for near surface gold mineralization. Analytical results and new concession applications are pending.

Ampliacion Pueblo Viejo, Dominican Republic

A surface and downhole IP-chargeability survey is presently underway at the La Lechoza prospect where Linear recently identified massive sulfide mineralization (1 metre containing 10.25% copper and 5.7 grams per tonne gold from within a 22 metre zone containing 1.0% copper and 0.3 grams per tonne gold from Hole LE-08 reported on August 25, 2005). La Lechoza is located approximately six kilometres northeast of the Pueblo Viejo gold deposits presently under evaluation by Placer Dome and is hosted within Linear's 100% owned Ampliacion Pueblo Viejo mineral concession which had been held previous to 2001 in fiscal reserve status by the government. Early results indicate offhole chargeability anomalies to the southeast of hole LE-08 in an area that had not been previously targeted by drilling. Additional data collection and interpretation will be completed shortly and a follow-up drilling program is planned for next month.

Loma el Mate, Dominican Republic

Drilling is expected to begin shortly on the Loma el Mate Concession at the Tres Bocas target area, located approximately 5.9 kilometres to the southeast of the Pueblo Viejo gold deposits. Soil sampling on the Tres Bocas target has indicated anomalies of copper and gold over an area of 1000 by 200 metres. A number of strong IP chargeability anomalies have been identified associated with the surface trend of the soil geochemical signature. The Loma el Mate concession is currently under joint venture with Everton Resources who can earn 50% of the project by completing specific expenditure and payment obligations, with Linear as manager of the present phase.

This press release has been prepared under the supervision of David Rowe, P.Geo. who serves as the qualified person for each of the projects under National Instrument 43-101 with the exception of the Ixhuatan project, where Bill Bond, P,Geo. serves as the qualified person. A map of the project showing the location of all drill holes is available at the company's website

All samples were submitted to ALS Chemex Labs in Guadalajara, Mexico or Mississauga, Ontario with gold by 30g or 50g digestion Fire Assay - AA finish and other metals by Inductively Coupled Plasma (ICP).

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

Wade K. Dawe, President

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

Contact Information

  • Linear Gold Corp.
    Wade K. Dawe
    (902) 422-1421
    Fuller Fletcher & Associates Ltd
    Nick Fuller or Samantha Fletcher
    European Investor Relations
    +44 207 256 5204
    +44 207 256 5678 (FAX)