Linear Gold Corp.

Linear Gold Corp.

February 02, 2006 09:02 ET

Linear Gold Extends Gold-Silver-Copper Discovery at the Northern Anomaly, Ixhuatan Project, Chiapas Mexico

HALIFAX, NOVA SCOTIA--(CCNMatthews - Feb. 2, 2006) - Linear Gold Corp. (TSX:LRR) is pleased to report additional drill results from the Northern Anomaly (now called the Caracol Zone) on the company's 100% owned Ixhuatan Project, located in the state of Chiapas, Mexico.

Results from follow-up drilling at the Northern Anomaly have extended the mineralization further north along strike for approximately 60 metres. Highlights from IXNA-02b include:

- a lower 26 metre interval grading 1.2 grams per tonne gold, 25.5 grams per tonne silver and 1.5% copper associated with a lower skarn zone including two higher intervals: 4.6 metres containing 2.3 grams per tonne gold, 33.3 grams per tonne silver, 2.5% copper and 6.8 metres containing 2.2 grams per tonne gold, 54.6 grams per tonne silver, 2.8% copper; and

- an upper 20 metre interval grading 0.1 grams per tonne gold, 10.5 grams per tonne silver and 1.0% copper in a porphyry hosted breccia zone.

Northern Anomaly - Caracol Zone

Additional drilling at the Northern Anomaly - Caracol Zone, situated 2.1 kilometres north-northeast of the Campamento Deposit, has further extended gold-silver-copper skarn and porphyry style mineralization. Hole IXNA-2b is located 60 metres to the northwest along strike from Hole IXNA-01 (previously reported January 7) which included a lower skarn zone grading 3.2 grams per tonne gold, 36.0 grams per tonne silver and 2.9% copper over 14 meters.

Hole IXNA-2b was drilled at an azimuth of 250 degrees and an inclination of -55 degrees below the projected strike trend of skarn and porphyry hosted mineralization. Key results from the hole are as follows:

Drill From To Interval Grams per Grams per Copper comments
Hole (Metres) tonne tonne percentage
Gold Silver
IXNA-2b 20 40 20 0.1 10.5 1.0 Porphyry
And 69.5 106.9 37.4 0.9 22.1 1.2 Skarn
Including 69.5 95.5 26 1.2 25.5 1.5 Skarn
Including 69.5 74.1 4.6 2.3 33.3 2.5 Skarn
Including 83.2 90.0 6.8 2.2 54.6 2.8 Skarn

The main mineralized zone from 69.5-106.9 metres depth which assayed 0.9 grams per tonne gold, 22.1 grams per tonne silver, and 1.2% copper is hosted within a garnet-mica-disseminated magnetite skarn situated at a limestone contact. This zone contains fine-grained disseminated chalcopyrite, covellite and pyrite. Very poor core recovery occurred in portions of the zone due to difficult drilling conditions. The higher grade gold and copper zones are associated with more intense skarn development within the larger contact zone.

The upper copper mineralized zone is hosted in a porphyritic granodiorite associated with disseminated and fracture-controlled sulfides and intrusive breccias. Copper mineralization in the form of malachite and chalcocite occurs as veinlets, disseminations, and in the matrix of the breccias.

The two zones of mineralization are similar in character to those cut by Hole IXNA-01 located 60 metres to the southeast.

A third hole, IXNA-03, is in progress from the same pad as hole IXNA-2b. Hole IXNA-03 has been rotated 15 degrees to the south (azimuth 235 degrees) with an inclination of -65 degrees to test the same zones of mineralization at greater depth between holes IXNA-01 and IXNA-2b. An additional drill rig has arrived and will be mobilized to the Caracol Zone this week to increase the pace of drilling along the strike trend of mineralization. With the arrival of this additional rig, there will be a total of four rigs operating on the Ixhuatan project, two in the Caracol Zone and two in the Campamento Deposit. Drilling of the Campamento Deposit is presently focused on deep target tests below the high grade zone of mineralization and additional stepout holes to be used for the resource calculation study presently underway by Micon International. Results of this ongoing work are expected shortly.

A detailed soil sampling and mapping program, as well as a ground magnetics survey, are in progress on a grid of 1000 by 600 metres over the Caracol Zone to further assist with target delineation. Sampling is being undertaken on lines spaced 100 metres apart with stations every 25 metres along the lines.

Regional Program

A stream sediment and rock sampling program has been completed covering approximately six square kilometers in the adjacent area northeast of the Caracol Zone. A total of 17 of 60 stream sediment samples have returned highly anomalous values ranging from 100 to 550 ppb gold and 100 to 404 ppm copper. More detailed soil sampling is currently underway within the anomalous areas to further delineate additional copper-gold targets.

Phil Pyle, Linear's vice president of exploration states "we are pleased that the first follow-up drilling in the Caracol zone has encountered significant ore grade copper-gold mineralization along strike. The similarity and predictable geometry of the two mineralized zones in both of the first two holes suggests the potential for additional continuity along the strike trend of the contact zone."

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

All samples were submitted to ALS-Chemex Labs in Guadalajara, Mexico with gold analyzed by 50g charge digestion Fire Assay - AA 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.

Wade K. Dawe, President

The TSX Exchange 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
    (902) 422-1421
    Fuller Fletcher & Associates Ltd
    Nick Fuller or Samantha Fletcher
    European Investor Relations
    +44 207 256 5204
    +44 207 256 5678 (FAX)