Linear Gold Corp.
Linear Gold Announces Global Resource Estimate for Campamento Gold Deposit, Ixhuatan Project, Mexico
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Linear Gold Announces Global Resource Estimate for Campamento Gold Deposit,
Ixhuatan Project, Mexico
Halifax, Nova Scotia, Canada. June 14, 2006. Linear Gold Corp. (WKN:
789634, TSX: LRR) is pleased to announce that it has completed a gold and
silver mineral resource estimate for its 100% owned Campamento Gold
Deposit. The independent resource calculation was completed by Gary Giroux,
P.Eng of Giroux Consultants Limited of Vancouver, and is compliant with the
requirements of National Instrument 43-101.
The resource estimate, with an effective date of June 14, 2006, is based on
94 diamond drill holes completed in the Campamento area by Linear Gold
during the period May 2004-April 2006, and includes results through the
upper part of drill hole IX-101. A total of five gold assays were capped at
45 g Au/t before forming 5 metre composites. The resource was estimated
using ordinary kriging into blocks 10 x 10 x 5 metres in size. Bulk density
was established for each block by inverse distance squared interpolation.
The results of the estimate are as follows, based on a series of different
cut-off grades:
—————————————————————–
Measured + Indicated
—————————————————————–
Tonnes
greater
Au than
Cutoff Cutoff Average Grade Contained Metal
—————————————————————–
(g/t) (tonnes) Au Ag
(g/t) (g/t) Au (ozs) Ag (ozs)
—————————————————————–
0.50 17,560,000 1.8 7.8 1,041,000 4,400,000
—————————————————————–
1.00 9,370,000 2.8 11.5 852,000 3,460,000
—————————————————————–
1.50 5,530,000 4.0 15.9 702,000 2,820,000
—————————————————————–
2.00 3,820,000 5.0 19.7 609,000 2,420,000
————————————————————————–
——————————————————–
Inferred
—————————————————————–
Tonnes
greater
Au than
Cutoff Cutoff Average Grade Contained Metal
—————————————————————–
(g/t) (tonnes) Au Ag
(g/t) (g/t) Au (ozs) Ag (ozs)
—————————————————————–
0.50 21,750,000 1.0 3.2 703,000 2,260,000
—————————————————————–
1.00 7,130,000 1.6 4.0 374,000 920,000
—————————————————————–
1.50 2,470,000 2.4 4.5 191,000 360,000
—————————————————————–
2.00 1,186,000 3.2 5.1 121,000 190,000
—————————————————————–The
Measured + Indicated results include the following:
—————————————————————–
Measured
—————————————————————–
Tonnes
greater
Au than
Cutoff Cutoff Average Grade Contained Metal
—————————————————————–
(g/t) (tonnes) Au Ag
(g/t) (g/t) Au (ozs) Ag (ozs)
—————————————————————–
0.50 1,950,000 3.5 15.8 219,000 990,000
—————————————————————–
1.00 1,320,000 4.8 21.5 203,000 910,000
—————————————————————–
1.50 990,000 6.0 26.5 191,000 840,000
—————————————————————–
2.00 850,000 6.7 29.1 184,000 800,000
————————————————————————–
——————————————————–
Indicated
—————————————————————–
Tonnes
greater
Au than
Cutoff Cutoff Average Grade Contained Metal
—————————————————————–
(g/t) (tonnes) Au Ag
(g/t) (g/t) Au (ozs) Ag (ozs)
—————————————————————–
0.50 15,620,000 1.6 6.8 823,000 3,410,000
—————————————————————–
1.00 8,050,000 2.5 9.8 648,000 2,550,000
—————————————————————–
1.50 4,540,000 3.5 13.5 512,000 1,980,000
—————————————————————–
2.00 2,970,000 4.5 17.0 425,000 1,620,000
—————————————————————–
Linear is proceeding with a scoping study on the Campamento Deposit in
order to determine the economic viability of the resource, which is not a
mineral reserve. Linear is not aware of any environmental, permitting,
legal, title, taxation, socio-political, marketing, or other factors that
could have an adverse material impact on the mineral resource. Linear also
continues drilling other targets within the Ixhuatan project with one rig
operating in the Caracol Discovery zone, located two kilometres to the
north of Campamento and two rigs operating on the new Laguna Grande
Discovery zone located 500 metres to the southwest of Campamento.
Wade Dawe, Linear’s President and Chief Executive Officer stated ‘The
completion of the global resource estimate for the Campamento Gold Deposit
is a significant milestone for the Ixhuatan Gold Project. Linear will
continue to advance the Campamento Gold Deposit while simultaneously
building ounces at other target areas on the Ixhuatan Property with a
near-term focus on the newly discovered Laguna Grande Gold Discovery.’
The Independent Qualified Person responsible for the above resource
estimates is Gary Giroux, P. Eng. of Giroux Consultants Ltd. A Technical
Report prepared to National Instrument 43-101 requirements will be filed on
SEDAR within 30 days of this Release. A map of the project showing the
location of all drill holes is available at the company’s website
www.lineargoldcorp.com.
All samples were submitted to ALS-Chemex Labs in Guadalajara, Mexico with
gold analysed by 50g or 30g charge digestion Fire Assay – AA finish with
samples greater that 10 grams per tonne analysed by Fire Assay –
gravimetric finish. Other metals were analysed by aqua regia digestion with
ICP finish.
Linear Gold Corp. is actively exploring for gold and base metals in Mexico,
and through joint ventures in Canada and the Dominican Republic.
Wade K. Dawe, President
The TSX Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
For further information, please contact:
Linear Gold Corp.
Terry Christopher
Manager of Investor Relations
Tel. +1 (902) 422-1421
www.lineargoldcorp.com
Nick Fuller or Samantha Fletcher
Fuller Fletcher & Associates Ltd.
European Investor Relations
277 Salisbury House
London Wall
London EC2M 5QQ, United Kingdom
Tel. +44 (207) 256 5204
Fax +44 (207) 256 5678
sam@fullerfletcher.com
www.fullerfletcher.com
AXINO AG
Silberburgstrasse 112
D-70176 Stuttgart
Phone +49 (711) 25 35 92-30
Fax +49 (711) 25 35 92-33
info@axino.de
www.axino.de
(c)DGAP 15.06.2006
—————————————————————————
Language: English
Issuer: Linear Gold Corp.
2000 Barrington Street Suite 701
B3J 3K1 Halifax, Nova Scotia Kanada
Phone: +1 (902) 422-1421
Fax: +1 (902) 491- 4281
email: info@lineargoldcorp.com
WWW: www.lineargoldcorp.com
ISIN: CA53566Q1072
WKN: 789634
indices:
Listed: Open Market in Frankfurt; Foreign Exchange(s) Toronto
End of News DGAP News-Service
————————————————————————
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden