Linear Metals Corporation

Linear Metals Corporation

November 17, 2006 09:13 ET

Linear Metals Announces the Acquisition of New Projects

HALIFAX, NOVA SCOTIA--(CCNMatthews - Nov. 17, 2006) - Linear Metals Corporation (TSX VENTURE:LRM) is pleased to announce that it has acquired two new projects to add to its portfolio of base metal-silver projects in Mexico. The acquisition of these projects is part of Linear Metals strategy to identify advanced drill ready targets with the potential to add significant shareholder value.

Linear Metals has entered into an option agreement with the community of Santa Maria Ecatapec for mineral and surface access rights to an area of 350 hectares located 125 km SE of the City of Oaxaca in the state of Oaxaca, Mexico. The mineral concession is host to a base metal skarn system in Cretaceous aged limestones represented by a small historical working at the La Valencia mine. Sampling by Linear Metals' geologists indicates strong values of copper, silver and zinc associated with an oxidized manto with a minimum thickness of 5 metres containing from 1.3 to 4.0 % copper, 133 to 533 g/t silver, and 0.5 to 11.6% zinc. The prospective zone at the Ecatapec project extends over an area of 4 x 2 kilometres.

Linear Metals has also entered into an option agreement with an individual owner for the La Lupita base metal-silver project located in Sonora, Mexico. The agreement covers two mineral concessions and two pending applications for mineral concessions over an area of 850 hectares located 75 kilometres ENE of Hermosillo, Sonora. The target area is associated with the contact of Tertiary aged intrusive rocks with Paleozoic aged limestones and shales exposed over a strike length of 2 kilometres. Sampling by Linear geologists indicates anomalous levels of base metals with five samples ranging from 0.1 to 0.9 % copper, 30 to 1040 g/t silver, 0.2 to 6.5 % lead, and 0.1 to 7.4% zinc.

Additionally, Linear Metals has applied for three mineral concessions covering base metal silver targets on open ground in the states of Coahuila, Oaxaca, and Baja California Sur. Additional information on the targets will become available as the titles are received in the coming weeks. Linear Metals has terminated its option on the Tierra Blanca silver project in Durango and its joint venture relationship with Silver Dragon Resources.

Sample analyses were completed by ALS Chemex Laboratory of Vancouver B.C. Samples were assayed for gold by 30g digestion Fire Assay - AA finish and other metals by ICP.

This press release has been prepared under the supervision of Mr. David Rowe, Certified Professional Geologist, 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

Linear Metals Corp. is actively exploring for silver and base metals in Mexico, and through joint venture in Canada.

Wade K. Dawe, President

The language used in this News Release may contain forward-looking statements that may involve a number of known and unknown risks and uncertainties. Actual events or results could differ materially from the Company's forward looking statements and expectations.

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

Contact Information

  • Linear Metals Corporation
    Terry Christopher
    Manager 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)