Linear Gold Corp.
Linear Gold Identifies Additional Gold-Copper-Silver Mineralization at Caracol Discovery, 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 Identifies Additional Gold-Copper-Silver Mineralization at
Caracol Discovery, Ixhuatan Project, Mexico
Halifax, Nova Scotia, Canada. April 18, 2006. Linear Gold Corp. (Frankfurt
WKN: 789634, TSX: LRR) is pleased to announce that it has identified
additional gold-copper-silver mineralization to the east and south from the
original discovery drill holes. The new results from Hole IXNA-06 with
highlights are as follows:
– 1.9 grams per tonne gold, 28.6 grams per tonne silver, and 1.1% copper
over 19.4 metres
– including 3.8 grams per tonne gold, 48.4 grams per tonne silver and 2.0%
copper over 7.9 metres
Also, a new zone of strong gold-silver-copper mineralization has been
located 325 metres to the southeast of the discovery drill-holes. Six out
of nine surface rock samples contain values ranging from 0.9 to 46.1 grams
per tonne gold, 10.1 to 119 grams per tonne silver, and 1.2 to 4.0% copper.
The results of Holes IXNA05-IXNA07 are summarized below:
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Grams per Grams per
Drill From To Interval(i) tonne tonne Copper
Hole (Metres) Gold Silver Percent Comment
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IXNA-05 231.0 232.6 1.6 1.7 0.5 0.0 Bottom
of Hole
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IXNA-06 20.5 39.9 19.4 1.9 28.6 1.1
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Including 32.0 39.9 7.9 3.8 48.4 2.0 skarn
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IXNA-07 32.9 40.0 7.1 1.0 12.8 1.0 skarn
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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 IXNA-05 was collared from the previous drill pad of IXNA-02b at an
azimuth of 300 degrees and an inclination -65 degrees to test the northern
strike-extent of the main mineralised skarn zone. The hole encountered
mostly recrystallized limestone interlayered with porphyritic diorite but
the final interval contained 1.7 grams per tonne gold associated with a
weakly-developed garnet skarn.
Hole IXNA-06 was located on previous drill pad IXNA-01. This hole was
drilled at 90 degrees azimuth with an inclination of -85 degrees to test
the eastern extension of the main skarn zone. The hole intersected an
intrusive-skarn contact zone which assayed 1.9 grams per tonne gold, 28.6
grams per tonne silver and 1.1% copper over 19.4 metres (from 20.5 to 39.9
metres). Within this interval, a stronger skarn zone assayed 3.8 grams per
tonne gold, 48.4 grams per tonne silver, and 2.0% copper over 7.9 metres
(from 32.0 to 39.9 metres). These results indicate higher grades in the
upper skarn zone those that encountered in Holes IXNA-01 and IXNA-04
Hole IXNA-07 was drilled 90 metres to the south of Hole IXNA-06 at an
azimuth of 275 degrees and an inclination of -65 degrees. The hole
intersected a shallow skarn zone that assayed 1.0 grams per tonne gold,
12.8 grams per tonne silver, and 1.0% copper over 7.1 metres (from 32.9 to
40.0 metres). The hole demonstrates the continuity of shallow skarn
mineralization to the south along strike of the main system.
Surface-sampling in the SE part of the main Caracol Grid, around a
high-grade soil anomaly (3.6 grams per tonne gold) situated 325 metres to
the SE of discovery drill-hole IXNA-01, has identified a new zone of
mineralization. Six of nine samples collected from the area surrounding the
soil sample assayed from 0.9 to 46.1 grams per tonne gold, 10.1 to 119
grams per tonne silver, and 1.2 to 4.0% copper. The relationship of this
new zone to the discovery zone is unknown at this time. A drill hole is
presently in progress to test this new zone. In addition, the main Caracol
soil grid has been expanded to the south and to the east.
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 with samples
greater that 10 grams per tonne analyzed by Fire Assay – gravimetric
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:
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, 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 19.04.2006
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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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