Linear Gold Corp.
Linear Gold Reports Continued Positive Drill Results From the 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 Reports Continued Positive Drill Results From the Ixhuatan
Project, Mexico
Halifax, Nova Scotia, Canada. July 5, 2006. Linear Gold Corp. (Frankfurt
WKN: 789634; TSX: LRR) is pleased to announce that it has identified
additional gold mineralization in areas nearby the Campamento Gold Deposit.
New results are from hole IX-106 located 300 metres to the northwest of the
Campamento Deposit and Holes IXLG-01 and IXLG-02 from the Laguna Grande
zone located 700 metres to the southwest of the Campamento Deposit, within
Linear’s 100% owned Ixhuatan project.
Highlights from this drilling are as follows:
– 10.8 grams per tonne gold over 4.0 metres in Hole IX-106 from 202 metres
depth
– 3.3 grams per tonne gold over 10.0 metres in Hole IX-106 from 218 metres
depth
– 2.7 grams per tonne gold over 12.0 metres in Hole IXLG-01 from 32 metres
depth
– 8.8 grams per tonne gold over 2.0 metres in Hole IXLG-02 from 202 metres
depth
The results of Holes IX-105 – IX-106 and IXLG-01 – IXLG-02 are summarized
below:
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Drill Hole From To Interval(i) Grams per Grams per
(Metres) tonne Gold tonne Silver
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IX-105 97.7 98.7 1.0 1.2 5.0
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124 150 26.0 1.7 7.1
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IX-106 186 194 8.0 1.0 0.1
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202 206 4.0 10.8 1.9
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218 228 10.0 3.3 2.7
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IXLG-01 32 44 12.0 2.7 10.5
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70 72 2.0 1.5 1.7
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94 102 8.0 2.1 3.7
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202 204 2.0 1.0 1.2
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212 214 2.0 2.2 1.8
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IXLG-02 178 184 6.0 1.2 16.6
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202 204 2.0 8.8 33.1
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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
Northwest of Campamento
Hole IX-106 was collared 300 metres to the northwest of the Campamento gold
deposit in order to test a combined gold in soils anomaly and IP
chargeability anomaly. The hole was drilled at an azimuth of 195 degrees
and an inclination of -60 degrees on a structural trend leading from the
Campamento Deposit. The hole encountered strong gold mineralization from
202 to 206 metres containing 4 metres of 10.8 grams per tonne gold and 1.9
grams per tonne silver. The hole also encountered a zone from 218 to 228
metres containing 10.0 metres of 3.3 grams per tonne gold and 2.7 grams per
tonne silver. The mineralization is associated in both cases with strongly
oxidized structural zones hosted in an altered calcareous sedimentary
package.
Southwest of Campamento
Hole IXLG-01 was collared 250 metres to the southwest of Hole IX-103 within
the Laguna Grande gold in soil anomaly and is located approximately 700
metres from the southwestern margin of the Campamento gold deposit. The
hole was drilled at an azimuth of 150 degrees and an inclination of -55
degrees to test anomalous surface rock chip gold values within a broader
gold soil anomaly. The hole encountered a series of gold bearing structural
zones including from 32 to 44 metres containing 12 metres of 2.7 grams per
tonne gold and 10.5 grams per tonne silver, and 94 to 102 metres containing
8 metres of 2.1 grams per tonne gold and 3.7 grams per tonne silver.
Hole IXLG-02 was collared 110 metres to the southwest of Hole IX-104 (18
metres of 3.5 g/t Au reported on May 26, 2006). The hole was collared to
test the broader scale of the gold in soil anomaly at an azimuth of 150
degrees and an inclination of -55 degrees. The hole similarly crossed a
series of gold-bearing structural zones, including from 178 to 184 metres
containing 6 metres of 1.2 grams per tonne gold and 16.6 grams per tonne
silver and from 202 to 204 metres containing 8.8 grams per tonne gold and
33.1 grams per tonne silver.
Holes IXLG-03 and IXLG-04 have also been completed in the Laguna Grande
soil target area and assays are pending.
Campamento Deposit
Hole IX-105 was drilled along the south-eastern margin of the Campamento
Gold Deposit to further define the ore shell in this area. The hole was
drilled from the pad for IX-68 at an azimuth of 338 degrees and an
inclination of -65 degrees and encountered the lower grade gold halo of the
Campamento system at predicted depths. The hole was bottomed in
mineralization from 124 to 150 metres containing 26 metres of 1.7 grams per
tonne gold and 7.1 grams per tonne silver. The hole is seen as not
providing any material impact to the resource calculation published on June
15, 2006.
A total of three drill rigs are working at the Ixhuatan project, including
two in the Laguna Grande area and one in the Caracol copper-gold zone.
Phil Pyle, Linear’s vice president of exploration states: ‘we continue to
be encouraged by the large offsets of gold mineralization in the Laguna
Grande zone and to the northwest of the Campamento deposit. There appears
to be continuity of the structural zones which project out from the deposit
in these two principal directions.’
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 than 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 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 06.07.2006
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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
E-mail: 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
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