Linear Gold Corp.
Linear Gold Reports Drill Results from the Campamento 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 Reports Drill Results from the Campamento Deposit, Ixhuatan
Project, Mexico
Halifax, Nova Scotia, Canada. May 12, 2006. Linear Gold Corp. (Frankfurt
WKN:789634, TSX: LRR) is pleased to announce additional drill results from
the Campamento Deposit. Recent drilling has identified a higher-grade zone
of gold mineralization to the southwest of the previously recognized
high-grade core of the Campamento Gold Deposit, and has expanded the size
of the deposit to the northeast and at depth.
Highlights from Holes IX-95 through IX-102 are as follows:
– 2.8 grams per tonne gold over 84.0 metres in Hole IX-101
— including 4.4 grams per tonne gold over 36.0 metres
– 2.0 grams per tonne gold over 42.0 metres in Hole IX-95
— including 3.7 grams per tonne gold 12.0 metres
— separate zone of 4.6 grams per tonne gold over 10.0 metres
– 1.1 grams per tonne gold over 14.0 metres from Hole IX-96
– 1.0 grams per tonne gold over 16.0 metres from Hole IX-102
– A deep hole (IX-94) intersected 1.0 grams per tonne gold and 5.9 grams
per tonne silver over 66.0 metres in a previously un-drilled area below the
northern portion of the deposit.
The results of Holes IX-94 through IX-102 are summarized
below:——————————————————————–
—-
Drill Interval(1) Grams per Grams per
Hole From To (Metres) tonne Gold tonne Silver Comment
————————————————————————
IX-94 4 6 2.0 1.2 5.4
————————————————————————
and 58 64 6.0 1.0 5.4
————————————————————————
and 176 242 66.0 1.0 5.9
————————————————————————
and 324 326 2.0 1.0 1.6
————————————————————————
and 338 340 2.0 1.0 1.0
————————————————————————–
———————————————————————-
IX-95 28 70 42.0 2.0 3.7
————————————————————————
Including 32 44 12.0 3.7 3.6
————————————————————————
and 80 90 10.0 4.6 38.2
————————————————————————
and 154 156 2.0 2.8 20.0
————————————————————————
and 164 166 2.0 1.0 6.7
————————————————————————
and 218 222 4.0 1.2 11.4
————————————————————————–
———————————————————————-
IX-96 32 38 6.0 1.0 4.6
————————————————————————
and 68 82 14.0 1.1 3.9
————————————————————————
and 130 134 4.0 1.4 27.7
————————————————————————
Bottomed in
and 222 224.9 2.9 2.7 6.5 mineralization
————————————————————————–
———————————————————————-
IX-98 16 94 78.0 1.3 4.3
————————————————————————
Including 16 26 10.0 2.2 5.6
————————————————————————
and 126 134 8.0 2.0 21.0
————————————————————————
and 194 196 2.0 2.5 83.1
————————————————————————–
———————————————————————-
Drilled from
within the
core of
IX-99 0 64 64.0 10.0 45.4 the deposit
————————————————————————
Additional
IX-99 152 174 22.0 1.1 6.7 zone
————————————————————————–
———————————————————————-
IX-101 24 108 84.0 2.8 15.6
————————————————————————
Including 38 74 36 4.4 26.7
————————————————————————
and 130 194 64.0 1.4 7.7
————————————————————————
and 222 236 14.0 2.2 10.3
————————————————————————–
———————————————————————-
IX-102 112 128 16.0 1.0 1.6
————————————————————————
————————————————————————
(1) Note: The true widths of the intersections have not yet been
determined; widths in table are based on core lengths
Southwestern Mineralization
Hole IX-101 was drilled to test for mineralization at depth below the
centre of the deposit. The hole was collared 45 metres west of hole IX-28
and drilled at an azimuth of 83.5 degrees with an inclination of -76
degrees. The hole encountered an unexpected higher-grade zone of shallow
gold mineralization. Between 24.0 to 108.0 metres the hole intersected 2.8
grams per tonne gold and 15.6 grams per tonne silver over 84.0 metres. This
zone includes a higher grade interval which assayed 4.4 grams per tonne
gold and 26.7 grams per tonne silver over 36 metres (from 38.0 to 74.0
metres). The intersection is located approximately 50 metres from the
previously recognized high-grade core of the Campamento Deposit. The hole
also intersected 1.4 grams per tonne gold and 7.7 grams per tonne silver
over 64 metres (from 130.0-194.0 metres) which further defines the lower
grade halo in the mid-levels of the deposit. Assays are pending below 284
metres depth.
Extension to Depth
Hole IX-94 was designed to test the depth potential under the NW side of
the deposit. The hole was collared from drill pad IX-90b and drilled at an
azimuth of 33 degrees with an inclination -78 degrees. The hole intersected
1.0 grams per tonne gold and 5.9 grams per tonne silver over 66.0 metres
(from 176.0 to 242.0 metres) associated with clay-altered volcanic rocks.
The hole bottomed in a thick section of limestone which appears to underlie
the deposit at depth.
Hole IX-98 was drilled to test the depth potential beneath the core of the
deposit (similar to IX-101). The hole was collared 12 meters southwest of
Hole IX-28 at an azimuth of 80 degrees and an inclination of -80 degrees.
The hole had to be abandoned due to technical difficulties and did not
reach its designed depth. The hole intersected 1.3 grams per tonne gold and
4.6 grams per tonne silver over 56 metres (from 16.0-72.0 metres) before
being abandoned.
Northeastern Extension
Hole IX-95 was drilled to test for the depth extension of high-grade
mineralization intersected in Hole IX-89 (see press release Feb. 20, 2006).
It was collared from pad IX-89 at an azimuth of 150 degrees and an
inclination of -60 degrees. The hole confirmed the presence of a shallow
zone of mineralization that assayed 2.0 grams per tonne gold and 3.7 grams
per tonne silver over 42.0 metres (from 28.0-70.0 metres). Within this
interval a higher grade portion assayed 3.7 grams per tonne gold and 3.6
grams per tonne silver over 12.0 metres (from 32.0-44.0 metres). A second
deeper zone from 80.0 to 90.0 metres assayed 4.6 grams per tonne gold and
38.2 grams per tonne silver over 10.0 metres. A zone of porphyry/veining
possibly related to the deeper Hole IX-89 mineralized zone was intersected
between 162.0-176.0 metres and assayed 0.63 grams per tonne gold and 3.3
grams per tonne silver.
Hole IX-96 was collared from pad IX-91 to test for mineralization to the
north of the Campamento Deposit. This hole was drilled at an azimuth of 35
degrees and an inclination of -65 degrees. The hole encountered several
lower-grade gold intervals down to 224.9 metres. These intervals range from
4.0-14.0 metres in drill width and assayed from 1.0-2.7 grams per tonne
gold. The last sample assayed 2.7 grams per tonne gold and 6.5 grams per
tonne silver over 2.9 metres (from 222.0-224.9 metres) and indicates a new
zone of mineralization to the north of the main deposit.
Hole IX-97 and Hole IX-100 were drilled to test a soil geochemistry anomaly
located just over 200 metres east-northeast from the existing drilling
pattern for the Campamento Deposit. The holes were both collared from the
same pad located 230 metres east of Hole IX-77. Hole IX-97 was drilled at
an azimuth of 150 degrees and an inclination of -55 degrees. Hole IX-100
was drilled at an azimuth of 330 degrees and an inclination of -75 degrees.
Neither hole encountered significant mineralization.
Hole IX-102 was drilled to test the potential for mineralization along
strike of the main Campamento Deposit. The hole was collared 145 metres
east-southeast of IX-77 and represents a 90 metre step-out from the last
hole to the northeast (IX-77). Hole IX-102 was drilled at an azimuth of 150
degrees and an inclination of -82 degrees. This hole intersected 1.0 grams
per tonne gold and 1.0 grams per tonne silver over 16.0 metres from
112.0-128.0 metres and indicates that the Campamento Zone mineralization
continues uphill to the northeast.
Southeastern Exploration
Hole IX-99 was drilled to test for the southeast extension of the high
grade core mineralization at depth. The hole was collared from Hole IX-27
at an azimuth of 150 degrees and an inclination of -70 degrees and angled
through the known high-grade core of the deposit. The hole encountered the
expected high-grade mineralized zone from 0 to 64.0 metres which assayed
10.0 grams per tonne gold and 45.4 grams per tonne silver over 64.0 metres.
Although the Hole IX-99 intercept did not extend the high grade core zone
to the southeast, it did identify an increase in grade from that reported
for nearby holes: hole IX-27 (vertical hole grading 8.7 grams per tonne
gold over 102.0 metres); hole IX-37 (drilled to the east at -70 degrees
intersected 7.1 grams per tonne gold over 60 metres); and hole IX-39
(drilled to the south at -70 degrees intersected 8.4 grams per tonne gold
over 68 metres). Hole IX-99 also encountered a separate deeper zone from
152.0 to 174.0 metres which assayed 1.1 grams per tonne gold and 6.7 grams
per tonne silver over 22.0 metres. This zone is southeast of the main core
of the deposit.
Phil Pyle, Linear’s vice president of exploration states: ‘we are pleased
to see that higher grade mineralization occurs to the southwest, that
mineralization extends to the east up the ridge from the Campamento
Deposit, and that we are continuing to see good grades along extensions to
the northeast. The resource continues to grow both laterally and at depth
with more drilling.’
There are four drill rigs currently active at Ixhuatan including two rigs
at the Caracol Zone, one at Campamento and the fourth rig testing a soil
anomaly southwest of the Campamento Deposit. A minimum of one drill rig
will be dedicated to a scout drilling program aimed at testing high
priority targets outside of the discovery zones.
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 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.
Signed ‘Philip F. Pyle’
Philip F. Pyle, Vice President, Exploration Central America
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.
Brian MacEachen
Chief Financial Officer
Tel. +1 (902) 422-1421
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 15.05.2006
—————————————————————————
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