Linear Metals Corporation
TSX VENTURE : LRM

Linear Metals Corporation

March 30, 2007 10:08 ET

Linear Metals Corporation Update and Exploration Program on KM61 Molybdenum Project

HALIFAX, NOVA SCOTIA--(CCNMatthews - March 30, 2007) - Linear Metals Corporation (TSX VENTURE:LRM) is pleased to provide a summary of the KM61 Molybdenum Project and its upcoming exploration program.

Property Highlights include:

- High-grade molybdenum vein system (3.0 metres of 1.78% Mo and 2.9 metres of 1.41% Mo).

- Additional bulk tonnage potential from North and South Porphyry zones (128.8 metres of 0.06% Mo).

- Porphyry bodies are open along strike and to depth.

- Potential for additional molybdenum mineralization within unsampled drill core.

Introduction

The KM61 Property, 100% owned by Linear Metals, is located near Armstrong, Ontario and only 12 kilometres from the main CN rail line in that area. The property, upon which mineralization was first discovered in 2002, was optioned to Noranda Inc. (then Falconbridge Limited, and now Xstrata PLC) between December 2003 and December 2006 when Linear Metals regained a 100% interest in the property following Xstrata's acquisition of Falconbridge. The results of the work carried out by Noranda/Falconbridge are highlighted in a 43-101 compliant technical report, which the Company has filed on SEDAR.

Geology and Mineralization

The dominant geological feature within this project is a large lensoid-shaped contact zone between a felsic pluton to the south and metabasalts to the north. Individual porphyry bodies, which have intruded the metabasalts, and related mineralization within the claim, are assumed to be related to the larger felsic pluton. Mineralization is hosted in two large closely-spaced quartz monzonite porphyry dykes (up to 200 metres x 1.5 kilometres, open along strike and to depth) and the flanking mafic metavolcanics. The mineralization is characterized as disseminated and vein-type associated with quartz-vein stockworking and intense sericite-biotite alteration.

Previous Results

Two drill programs, totalling 12 holes, were carried out during 2004 and 2005, over an area of approximately 600 x 1200 metres. Mineralization was identified within a high-grade vein system and in two parallel porphyry dykes, known as the North and South Porphyry zones. Two drill holes, which were collared approximately 350 metres apart, intersected a high-grade vein system, returning 3.0 metres of 1.78% Mo and 2.9 metres of 1.41% Mo, respectively. In addition, drill hole K-05-6, in the North Porphyry zone, returned 61.2 metres assaying 0.08% Mo and 0.19% Cu, while in the South Porphyry zone drill hole K-05-7 returned 128.8 metres assaying 0.06% Mo and 0.12% Cu.

As operator of the drill programs, Noranda initially drilled the project as a copper prospect and focused on sampling the drill core that contained the best visual copper grades. Thus, there is potential for additional molybdenum mineralization to exist within drill core which remains unsampled from the previous drill programs.



Table of Assay Highlights from Drilling

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Thickness
Drill Hole From To (metres)(i) Copper (%) Molybdenum (%)
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High-Grade Vein System
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K-05-8 44.4 60.7 16.3 0.07 0.35
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including 46.5 49.5 3.0 0.08 1.78
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K-05-12 235.1 251.9 16.8 0.12 0.26
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including 41.5 244.4 2.9 0.29 1.41
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North Porphyry Zone
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K-04-3 232.5 241.2 8.7 0.18 0.12
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including 235.5 237.0 1.5 0.19 0.62
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K-05-6 182.4 243.6 61.2 0.19 0.08
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South Porphyry Zone
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K-04-4, 4A 4.3 27.6 23.3 0.09 0.04
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and 42.4 165.5 123.1 0.08 0.05
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K-05-7 91.9 220.7 128.8 0.12 0.06
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(i)Note: the true thickness of the intersections has not yet been
determined; intercepts reported in this report are based on core lengths.


2007 Exploration Program

The Company plans an aggressive exploration program in 2007, commencing with re-examination of the core and sampling of any molybdenum-rich sections that were previously unsampled by Noranda. This will be followed by trenching and additional IP surveying in May and a 4,600 metre drill program to start in early June.

This press release was prepared under the supervision of Matt Rees, P. Geo, Chief Geologist, who is the Qualified Person for the project. The KM61 drill results were obtained from Noranda which followed the company's internal drill hole sampling protocols requiring insertion of blanks and standards. Assaying (Cu, Au, Ag) was done by Accurassay in Thunder Bay, and Mo by ALS Chemex in Vancouver, British Columbia.

Wade K. Dawe, President

Forward-Looking Information:

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. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com.

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 of Investor Relations
    (902) 422-1421 or within North America 1-866-546-3272
    Website: www.linearmetals.com