Linear Metals Corporation
TSX VENTURE : LRM

Linear Metals Corporation

December 20, 2006 16:13 ET

Linear Metals Interest in KM61 Property Increased to 100%

HALIFAX, NOVA SCOTIA--(CCNMatthews - Dec. 20, 2006) - Linear Metals Corporation (TSX VENTURE:LRM) is pleased to announce that it has re-established its 100% interest in the KM61 property, located to the northeast and contiguous with the Company's Seymour Lake Property, approximately 50 kilometres northeast of Armstrong, Ontario.

The KM61 property, on which porphyry copper / molybdenum mineralization has been intersected over an area of 600 by 1200 metres, had been subject to an option agreement with Falconbridge Limited (formerly Noranda Inc.), which agreement was terminated following the acquisition of Falconbridge by Xstrata Plc.

A drill program, completed by Falconbridge in the fall of 2005, intersected significant molybdenum / copper mineralization on the KM61 property, including:

- High-grade intersections of 1.78% and 1.41% Mo over 3.0 and 2.9 metres in K-05-8 and K-05-12 respectively; and

- 61.2 metres of 0.076% Mo and 0.19% Cu in K-05-6 and 128.8 metres of 0.057% Mo and 0.12% Cu in K-05-7.

Drill campaigns were carried out by Falconbridge in 2004 and 2005 totaling 3,217 metres in 13 drill holes. The results from the programs, which were designed to test mineralized surface outcrops and coincident IP chargeability and Cu / Mo soil anomalies, identified a northern and southern porphyry trend with high-grade molybdenite vein mineralization between the two porphyry trends. Highlights from the Falconbridge drill programs follow:



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Width(i) Cu Mo
DDH # From To m % %
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Northern Porphyry Trend
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K-04-2 105.0 111.0 6.0 0.09 0.01
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K-04-03 153.3 206.6 53.3 0.05 0.05
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217.5 252.0 34.5 0.08 0.05
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including 231.0 242.5 11.5 0.16 0.10
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K-05-5 190.5 195.0 4.5 0.21 0.08
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and 217.5 222.8 5.3 0.17 0.09
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K-05-6 182.4 243.6 61.2 0.19 0.08
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and 257.4 266.0 8.6 0.16 0.07
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K-05-10 8.3 61.6 53.3 0.11 0.03
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Southern Porphyry Trend
------------------------------------------------------

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K-04-4, 4.3 27.6 23.3 0.09 0.04
K-05-4A
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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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K-05-9 51.0 81.7 30.7 0.13 0.03
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includes 64.7 72.0 7.3 0.26 less
than 0.01
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High-grade vein intersections
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K-05-8 44.4 60.7 16.3 0.07 0.35
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includes 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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includes 241.5 244.4 2.9 0.29 1.41
------------------------------------------------------
Note: Best intersections are given for each hole and the
true widths of the intersections have not yet been
determined; widths in table are based on core lengths.


Drilling to date has intersected mineralization over significant intervals in both the northern and southern porphyry trends. The mineralization is open to depth and to the northeast in both cases. The high-grade molybdenite vein mineralization, located between the porphyry trends, has been intersected in two holes spaced 300 metres apart, and is open along strike in both directions and to depth.

Falconbridge indicated, "The porphyry Mo-Cu-Ag-Au mineralization, alteration and quartz stockworking are centred on a felsic porphyry dike swarm, dominated by two main trends, with altered and stockworked mafic volcanics between the trends and on its flanks," and recommended further close spaced drilling to prove continuity.

Linear Metals plans a follow-up work program to include close spaced gridding, trenching / stripping, an IP survey, geochemistry and geological mapping followed by further diamond drilling. The budget for the work is being developed and the fieldwork is planned to begin in the spring once the snow cover has gone.

The core samples were prepared by standard crushing and pulping techniques and analyzed for Cu and Ag by standard AA geochemical analysis and for Au using fire assay, with a 30 g aliquot, by Accurassay Laboratories in Thunder Bay (original samples) and ALS Chemex Laboratories (check samples). Mo analysis was carried out by ALS Chemex using an AA technique.

The press release has been prepared by Peter M. Dimmell, P.Geo., a qualified person (QP) under the terms of National Instrument 43-101, who takes full responsibility for the technical aspects of this release. A map of the project showing the location of all drill holes is available at the company's website www.linearmetals.com.

Linear Metals Corporation is actively exploring for base metals and high-grade silver deposits in Mexico and Canada.

Wade K. Dawe, President & Chief Executive Officer

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
    Website: www.linearmetals.com
    or
    Fuller Fletcher & Associates Ltd.
    Nick Fuller
    European Investor Relations Contact
    +44 207 256 5204
    or
    Fuller Fletcher & Associates Ltd.
    Samantha Fletcher
    European Investor Relations Contact
    +44 207 256 5204
    +44 207 256 5678 (FAX)