Linear Gold Corp.

Linear Gold Corp.

May 09, 2008 10:05 ET

Linear and Kinross Gold Expand Cerro la Mina Deposit and Offset New Gold Zone at the Ixhuatan Project, Mexico

HALIFAX, NOVA SCOTIA--(Marketwire - May 9, 2008) - Linear Gold Corp. (TSX:LRR) is pleased to report on the progress of drilling at the Ixhuatan project, Chiapas Mexico. Kinross Gold Corp. (TSX:K) is earning an interest in the project from Linear and has provided Linear with its second quarterly report of activities from work on the project.

Highlights of work during the quarter include the results from hole IXCM08-47 which successfully offsets mineralization found in hole IXCM07-44 and hole IXSI08-03 which substantiates the recently identified gold zone at the San Isidro target area, located one kilometre to the southeast of the Cerro la Mina deposit. Results from these two holes are as follows:

From To Thickness Gold Silver Copper
Hole (metres) (metres) (metres) g/t g/t %
IXCM08-47 228.0 321.0 94.0 1.2 2.6 0.43
Including 249.3 278.3 29.0 2.9 2.6 0.99
IX-SI03 142.0 150.0 8.0 1.2 18.2
178.0 216.0 38.0 1.1 3.8
Including 194.0 202.0 8.0 3.1 6.8
232.0 236.0 4.0 1.5 10.1
244.0 260.0 16.0 1.0 4.4

Hole IXCM08-47 was collared 200 metres to the northeast of hole IXCM07-44 at an azimuth of 225 degrees and a dip of -75 degrees in order to scissor offset hole IXCM07-44. Disseminated copper-gold mineralization was encountered at a depth of 228 metres suggesting a steep northeasterly dip interpreted to be part of a structural zone bounding the main Cerro la Mina system on the northern flank. Additional holes in the area are planned in order to determine the true thickness of the structural zone and its potential strike and dip offsets.

Hole IXSI07-03 was drilled 100 metres west of hole IXSI07-01 at an azimuth of 180 degrees and a dip of -75 degrees in order to provide a westerly strike offset of the mineralization encountered in hole IXSI07-01. Two principal zones of mineralization were encountered from 178-216 metres containing 38 metres of 1.1 grams per tonne gold and from 244 to 260 metres containing 16 metres of 1.0 grams per tonne gold. Both zones are hosted in argillaceous sedimentary lithologies which correlate well with zones of IP chargeability anomalies from surveys carried out during 2007. Additional drilling will need to be undertaken to confirm the geometry and size of the mineralized zones in this area.

Kinross has also recently undertaken a surface soil sampling program in areas between the Cerro la Mina zone and the Caracol zone, in areas with sparse historical sampling.

Plans for the upcoming quarter include continued offset drilling in the Cerro la Mina zone, relogging and interpretation of the Caracol and Western zones, and additional surface sampling and road construction in areas to the northwest of the Cerro la Mina zone.

In other developments, Linear announces the resignation of its Vice President of Business and Corporate Development, Philip Pyle, as of May 31st 2008. Linear would like to thank Mr. Pyle for his significant contribution to the Company.

This press release has been prepared under the supervision of Mr. Philip Pyle, Certified Professional Geologist and Linear's Vice President, Business and Corporate Development, who serves as the qualified person for these projects under National Instrument 43-101. Assaying of the samples is being performed by ALS Chemex in Guadalajara, Mexico.

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

Wade K. Dawe, President & CEO

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.

Contact Information

  • Linear Gold Corp.
    Wade K. Dawe
    President & CEO
    (902) 422-1421
    (902) 491-4281 (FAX)