Linear Gold Corp.
Linear Gold Extends Campamento Higher Grade Gold Zone to the Northeast, Ixhuatan Project, Mexico
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Linear Gold Extends Campamento Higher Grade Gold Zone to the Northeast,
Ixhuatan Project, Mexico
Halifax, Nova Scotia, Canada. March 23, 2006. Linear Gold Corp. (WKN:
789634, TSX: LRR) is pleased to report additional drill results from the
Campamento Deposit on the company’s 100% owned Ixhuatan Project, located in
the state of Chiapas, Mexico.
Results from additional drilling at the Campamento Deposit have extended
the higher-grade gold-silver mineralized zone (associated with the lower
part of IX-89 – Feb 20, 2006 press release) an additional 50 metres to the
northeast from the previous drill pattern. New results are from Holes IX-91
and IX-93 which include:
– 12.0 grams per tonne gold and 46.9 grams per tonne silver over 4.0 metres
in Hole IX-91
– 3.1 grams per tonne gold and 14.3 grams per tonne silver over 18 metres
in Hole IX-93
Mineralization has also been extended at depth below the deposit. Hole
IX-90b has penetrated a thick zone of lower grade mineralization below the
southern portion of the deposit, the highlights of which include:
– 0.9 grams per tonne gold and 4.6 grams per tonne silver over 300 metres
including 1.5 grams per tonne gold and 5.5 grams per tonne silver over 56
metres.
Campamento Deposit
Additional drilling at the Campamento Deposit has extended higher grade
mineralization to the northeast and extended lower grade mineralization at
depth. Results from Holes IX-90b-IX-93 are summarized as follows:
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Drill From To Interval(i) Grams per Grams per
Hole (Metres) tonne Gold tonne Silver
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IX-90b 158 458 300 0.9 4.6
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Including 218 314 96 1.0 5.6
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Including 232 260 28 1.9 12.8
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Including 402 458 56 1.5 5.5
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Including 382 458 76 1.2 4.3
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IX-91 26 54 28 3.5 11.4
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Including 48 52 4 12.0 46.9
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IX-92 16 24 8 1.0 1.9
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IX-92 110 116 6 1.0 3.6
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IX-93 6 8 2 1.3 1.9
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IX-93 102 120 18 3.1 14.3
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(i)Note: The true widths of the intersections have not yet been
determined; widths in table are based on core lengths
Hole IX-90b was drilled to test the deep potential of the area beneath the
central portion of the deposit. This hole was collared from the same
location as Hole IX-82 and drilled at an azimuth of 100 degrees and an
inclination of -80 degrees. The hole intersected the host volcaniclastic
and porphyry phases to 457 metres at which point it intersected thick
interlayered limestone units, reaching a maximum depth of 606 metres. The
hole showed consistent gold grades over much of its length, including a
wide zone that assayed 0.9 grams per tonne gold and 4.6 grams per tonne
silver over 300 metres (from 158 to 458 metres depth). Within this wide
intersection, two slightly higher grade zones were intersected: Directly
beneath the core of the deposit an upper zone (from 232-260 metres depth)
assayed 1.9 grams per tonne gold and 12.8 grams per tonne Ag over 28
metres. A second zone assayed 1.5 grams of gold and 5.5 grams per tonne
silver over 56 metres (from 402-458 metres depth). This latter mineralized
zone is situated just above the key limestone unit that is also below
mineralized zones in holes IX56B and IX-70B.
Holes IX-91, 92 and 93 were drilled to test the NE extension of the flat
lying, higher-grade mineralized zone encountered in previous holes IX-32,
40, 42, 44 and 89 (see press release Feb 20, 2006) on the northeast end of
the deposit.
Hole IX-91 was collared from the same location as Hole IX-89 at an azimuth
of 150 degrees and an inclination of -75 degrees. The hole intersected the
same upper zone of mineralization as drilled by Hole IX-89 and indicated an
increase in grade to 12.0 grams per tonne gold and 46.9 grams per tonne
silver over 4.0 metres. The hole was completed to a depth of 95.4 metres.
The steep angle of the hole did not allow it to reach the higher grade
interval intersected in the lower portion of Hole IX-89.
Hole IX-92 was collared 35 metres to the northeast of Hole IX-91 at an
azimuth of 150 degrees and an inclination of -45 degrees to offset the two
zones of mineralization cut by IX-89. The hole encountered lower grade
zones of gold mineralization, and the lower zone appears to correlate with
the deeper interval cut by IX-89.
Hole IX-93 was collared from the same location as hole IX-92 at an azimuth
of 120 degrees and an inclination of -45 degrees. The hole intersected a
zone of calcite veining associated with volcaniclastics and adjacent
feldspar porphyry/crystal tuff, similar to mineralization deeper down in
Hole IX-89. Hole IX-93 intersected 3.1 grams per tonne gold and 14.3 grams
per tonne silver over 18 metres (from 102-120 metres depth). Early
indications are that this zone may correlate with zones cut by Holes
IX-70b, IX-89, and IX-92, and that the zone may have a sub-vertical
orientation striking to the northeast. This zone of mineralization extends
high-grade gold mineralization an additional 50 metres to the northeast
from IX-70B.
Additional drilling is underway to test along strike to the northeast and
southeast as well as additional deep holes beneath the deposit. Phil Pyle,
Linear’s vice president of exploration states ‘We are encouraged to see
that additional economic mineralization extends to the northeast of the
deposit. We are also encouraged by thick zones of mineralization identified
below the deposit since many of the early holes were drilled only to
shallow depths. The deposit continues to grow as more drilling is
completed.’
This press release has been prepared under the supervision of Mr. Bill Bond
P.Geo., 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 analyzed by 50g charge digestion Fire Assay – AA finish. Other metals
were analyzed 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:
Terry Christopher
Linear Gold Corp.
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, Großbritannien
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 24.03.2006
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language: English
emitter: 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
indexes:
stockmarkets: Open Market in Frankfurt; Foreign Exchange(s) Toronto
End of News DGAP News-Service
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