Linear Gold Corp.
TSX : LRR

Linear Gold Corp.

May 16, 2008 09:28 ET

Linear Gold Provides Update on Drilling at El Filao Project, Brazil

HALIFAX, NOVA SCOTIA--(Marketwire - May 16, 2008) - Linear Gold Corp. (TSX:LRR) is pleased to provide an update on the previously announced drill program at the El Filao project located in the Alta Floresta gold province of northern Mato Grosso state, Brazil.

Five holes of the 1600 metre drill program at the El Filao project have now been completed with the sixth hole now in progress. Following completion of drill hole six, Linear will submit core samples for the first six holes to the SGS-Geosol Laboratory in Belo Horizonte, Brazil for gold and silver assays. Assay results will be reported once received.

The El Filao project, one of Linear's four Brazilian properties is host to a high-grade gold vein system. Trenching along the vein indicates values of 11.8 grams gold per tonne over 80 metres of strike with the drilling of six holes by a Brazilian operator in the mid 1990s indicating values from 9.6 grams gold per tonne up to 104 grams gold per tonne over widths of 0.7 to 1.7 metres in drill core, in addition to strong silver values.

The drill program at the El Filao project is designed to complement previous results obtained from drilling of the main vein structure and to test a newly identified parallel vein structure. The strike continuity of the main vein will initially be tested over 900m with 8 holes at 100m step outs and is designed to intersect the main vein at about 60m vertical depth. The newly identified parallel vein structure will be tested with 3 drill holes and, finally, approximately 500m of drilling will be used to test 2 or 3 areas further down dip. Maps of the project are available at Linear's website at www.lineargoldcorp.com.

On November 5, 2007, Linear entered into an agreement with Geomin, S.A., a private Brazilian company for the exploration and acquisition of the El Filao project in the Alta Floresta gold province of northern Mato Grosso state, Brazil.

This press release has been prepared under the supervision of Mr. Philip Pyle, Certified Professional Geologist and Linear's Vice-President of Business and Corporate Development, who serves as the qualified person for these projects under National Instrument 43-101.

Linear Gold Corp. is actively exploring for gold and base metal deposits in Mexico and Brazil, and through joint ventures with Kinross Gold in Mexico and Everton Resources in the Dominican Republic.

Wade K. Dawe, President

This news release contains "forward-looking statements". Such forward-looking statements, especially those that address resource quantities, grades, and contained metals, are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Where the company expresses or implies an expectation as to future events or results, such expectation or belief is expressed in good faith and is believed to have a reasonable basis for the statement. However, forward-looking statements are subject to risks and uncertainties which could cause actual results to differ significantly from future results expressed or implied. These risks include, but are not limited to, metal price volatility, political and operational risks in the countries where we operate, and a degree of uncertainty in connection with evaluating a deposit until the deposit has been extensively drilled on closely spaced centres.

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

Contact Information

  • Linear Gold Corp.
    Wade K. Dawe
    President & Chief Executive Officer
    (902) 422-1421
    Website: www.lineargoldcorp.com