Linear Metals Corporation

Linear Metals Corporation

October 12, 2006 09:29 ET

Linear Metals Identifies High Grade Silver and Copper Mineralization from Drilling at the La Morena Project, Coahuila, Mexico

HALIFAX, NOVA SCOTIA--(CCNMatthews - Oct. 12, 2006) - Linear Metals Corporation (TSX VENTURE:LRM) is pleased to announce that it has identified additional high grade silver and copper mineralization from its 100% owned La Morena project located in northern Mexico, in the state of Coahuila. Highlights from the recently completed drilling program are as follows:

- 26.7 metres containing 114.4 grams per tonne silver and 1.2% copper beginning at 308.1 metres depth in hole LM-10

- including 21.2 metres containing 140.0 grams per tonne silver and 1.4% copper from the beginning of the interval

The four hole drilling program was designed to offset silver-copper zones identified in previous drilling by Linear Gold within a sequence of Cretaceous-aged recrystallized limestone. The limestone sequence is host to vein and manto-style mineralization within the project area. The results of the drilling are summarized as follows:

Hole From To Thickness grams Copper Zinc
(metres) per tonne % %
LM-7 130.9 132.9 2.0 9.7 0.2 1.8
LM-7 233.5 235.3 1.8 147.0 0.8 0.0
LM-8 Did not reach target zone
LM-9 81.7 84.7 3.0 42.6 0.1 0.0
LM-9 160.3 163.5 3.2 34.0 0.0 0.0
LM-10 308.1 334.8 26.7 114.4 1.2 0.2
Including 308.1 329.3 21.2 140.0 1.4 0.2

(i) The true width of the intersections has not yet been determined;
widths in table are based on core length.

Hole LM-10 was drilled vertically to test the center of a magnetic low associated with an area of hydrothermal alteration. Hole LM-10 was drilled 120 metres SW of Hole LM-2 which previously intercepted 13.4 metres containing 57.9 grams per tonne silver and 0.9% copper, and 1040 metres SW of Hole LM-4, which previously cut 23.2 metres containing 218.2 grams per tonne silver. The hole encountered a high grade silver-copper zone from 308.1 to 334.8 metres containing 26.7 metres of 114.4 grams per tonne silver and 1.2% copper. Within this zone there is a higher grade interval from 308.1 to 329.3 metres containing 21.2 metres of 140.0 grams per tonne silver and 1.4% copper. The zone was marked by strong brecciation and poor core recovery, but appears to correlate stratigraphically with the copper mineralization identified in holes LM-2, LM-4, and LM-7.

Hole LM-7 was drilled 50 metres west of hole LM-4 at an azimuth of 165 degrees and an inclination of -70 degrees. A thin high grade silver zone was intersected from 233.5 to 235.3 metres containing 147 grams per tonne silver which may correlate stratigraphically with the silver zone cut by Hole LM-4.

Hole LM-8 was drilled 120 metres SSE of hole LM-2 at an azimuth of 180 degrees and an inclination of -80 degrees and did not penetrate deeply enough to cut the same zone of silver-copper mineralization identified in hole LM-2. The final 20.3 metres of the hole, which bottomed at 303.7 metres, showed a marked increase in copper (0.1%) and silver (6.3 grams per tonne) suggesting proximity to the target zone.

Hole LM-9 was drilled 140 metres south of hole LM-4 at an azimuth of 40 degrees and an inclination of -75 degrees. The hole encountered thin zones of anomalous silver from 81.7 to 84.7 metres containing 3 metres of 42.6 grams per tonne silver and from 160.3 to 163.5 metres containing 3.2 metres of 34.0 grams per tonne silver.

Planning is underway for a follow-up drilling program to explore for the extension of the high-grade silver-copper mineralization cut by hole LM-10. This exploration will focus on the remainder of the magnetic anomaly surrounding hole LM-10, which has a diameter of approximately 500 metres.

Phil Pyle, Linear Metals vice president of exploration, states: "we are pleased with the strong copper and silver results from Hole LM-10, as the increased copper grades may be reflective of a position nearer to the center of the mineralized system."

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 Corporation is actively exploring for silver and base metals in Mexico, and through a joint venture in Canada.

Wade K. Dawe, President

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
    European Investor Relations contact:
    Fuller Fletcher & Associates Ltd
    Nick Fuller or Samantha Fletcher
    +44-207-256-5678 (FAX)