Linear Gold Corp.
Linear Gold Expands Copper-Gold Mineralization at Caracol Zone, 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 Expands Copper-Gold Mineralization at Caracol Zone, Ixhuatan
Project, Mexico
Halifax, Nova Scotia, Kanada. Aug. 1, 2006. Linear Gold Corp. (Frankfurt
WKN: 789634; TSX: LRR) is pleased to announce that it has identified
additional copper-gold mineralization in the Caracol zone at Linear’s 100%
owned Ixhuatan project in Chiapas, Mexico. The Caracol zone is located
approximately 2 kilometres NNE of the Campamento Gold Deposit within the
same mineral concession. Highlights from the drilling are as follows:
– 1.0% copper and 1.0 grams per tonne gold over 30.6 metres cut by Hole
IXNA-13 from 221.8 metres depth located within a thicker 109.7 metre
interval that grades 0.5% copper and 0.5 grams per tonne gold beginning at
142.7 metres depth.
– 0.5% copper and 0.2 grams per tonne gold over 25.8 metres cut by Hole
IXNA-10 from 94 metres depth within a greater interval of 174.5 metres that
grades 0.3% copper and 0.2 grams per tonne gold.
The results from drilling are summarized below:
——————————————————————–
Grams per Grams per
Drill Interval(i) tonne tonne Copper
Hole From To (Metres) Gold Silver %
——————————————————————–
IXNA-08 20.0 100.4 80.4 0.1 2.0 0.2
——————————————————————–
IXNA-09 62.3 62.9 0.6 11.0 1.3 0.1
——————————————————————–
IXNA-10 52.0 226.5 174.5 0.2 3.0 0.3
——————————————————————–
Including 52.0 59.5 7.5 1.0 0.8 0.1
——————————————————————–
Including 94.0 119.8 25.8 0.2 6.4 0.5
——————————————————————–
Including 155.9 196.0 40.1 0.2 3.4 0.4
——————————————————————–
IXNA-11 24.0 70.2 46.2 0.2 4.8 0.4
——————————————————————–
Including 45.0 68.0 23.0 0.2 6.1 0.5
——————————————————————–
IXNA-12 36.0 44.0 8.0 0.4 5.1 0.5
——————————————————————–
IXNA-13 16.0 89.0 73.0 0.1 2.5 0.2
——————————————————————–
IXNA-13 142.7 252.4 109.7 0.5 6.5 0.5
——————————————————————–
Including 221.8 252.4 30.6 1.0 14.3 1.0
——————————————————————–
Including 240.2 252.4 12.2 2.0 23.7 1.7
——————————————————————–
(i) Note: The true widths of the intersections have not yet been
determined; widths in table are based on core lengths
Caracol zone
Hole IXNA-08 was collared from the same location as hole IXNA-07 (reported
on 18 April, 2006) at an azimuth of 240 degrees and an inclination of -65
degrees. The hole encountered skarn mineralization with anomalous copper
and gold values from 20.0 to 100.4 metres containing 80.4 metres of 0.1
grams per tonne gold and 0.2% copper.
Hole IXNA-09 was collared 77 metres ENE of Hole IXNA-08 at an azimuth of
240 degrees and an inclination of -65 degrees. The hole encountered a thin
zone of high grade gold mineralization cutting skarn alteration from 62.3
to 62.9 metres containing 11.0 grams per tonne gold. The gold
mineralization occurs within a pyritic fault zone.
Hole IXNA-10 was collared 230 metres SSE of Hole IXNA-08 at an azimuth of
15 degrees and an inclination of -55 degrees to test anomalous gold and
copper surface values. The hole encountered a significant zone of copper
mineralization from 52 to 226.5 metres containing 174.5 metres of 0.3%
copper and 0.2 grams per tonne gold. The mineralization is associated with
a massive skarn replacement above and with chalcopyrite-bearing fractures
and veinlets of skarn alteration below, which are interpreted to be
porphyry related. Within the copper bearing zone are two higher grade
intervals; from 94 to 119.8 metres containing 25.8 metres of 0.5% copper
and 0.2 grams per tonne gold, and from 155.9 to 196 metres containing 40.1
metres of 0.4% copper and 0.2 grams per tonne gold. There is also a
separate interval higher in the hole with stronger gold mineralization from
52 to 59.5 metres containing 7.5 metres of 1.0 grams per tonne gold and
0.1% copper.
Hole IXNA-11 was drilled 184 metres SE of Hole IXNA-08 and 95 metres NE of
Hole IXNA-10 at an azimuth of 285 degrees and an inclination of -60
degrees. The hole encountered skarn-related copper mineralization from 24
to 70.2 metres containing 46.2 metres of 0.4% copper and 0.2 grams per
tonne gold. The mineralization was generally hosted by fracture controlled
zones with skarn alteration.
Hole IXNA-12 was collared 320 metres south of Hole IXNA-08 at an azimuth of
300 degrees and an inclination of -60 degrees. The hole was plagued with
drilling problems and had to be terminated early at a depth of 95.4 metres.
A zone of copper mineralization was observed from 36 to 44 metres
containing 8.0 metres of 0.5% copper and 0.4 grams per tonne gold.
Hole IXNA-13 was drilled 2.0 metres to the east of hole IXNA-12 at an
azimuth of 300 and an inclination of -80 degrees to make a more complete
test of the area. The hole encountered 109.7 metres of copper
mineralization from 142.7 to 252.4 metres containing 0.5% copper and 0.5
grams per tonne gold. Within this zone a higher grade portion from 221.8 to
252.4 contains 30.6 metres of 1.0% copper and 1.0 grams per tonne gold. A
separate shallower zone was encountered from 16 to 89 metres containing 73
metres of 0.2 % copper and 0.1 grams per tonne gold. As in Hole IXNA-10 the
mineralization is commonly hosted by irregular crosscutting fractures and
veinlets containing skarn alteration that are interpreted to be porphyry
related.
The drilling at Caracol has identified significant copper and gold
mineralization that extends over a large area from Hole IXNA-02 in the
north to IXNA-13 in the south, which represents an apparent strike length
of 450 metres. The copper-gold zone remains open to the east, north, and
south. Two additional holes have been completed in the Caracol zone and
assays are pending.
Drilling continues on the Ixhuatan project with one drill active on the
Caracol zone, one drill in the Laguna Grande zone, and one drill testing
newly identified gold soil anomalies in the Western zone.
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 www.lineargoldcorp.com.
All samples were submitted to ALS-Chemex Labs in Guadalajara, Mexico with
gold analysed by 50g 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.
Philip Pyle, Vice-President, Exploration
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 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
Tel. +49 (711) 25 35 92-30
Fax +49 (711) 25 35 92-33
info@axino.de
www.axino.de
(c)DGAP 02.08.2006
—————————————————————————
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden