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0187279 B.C. Ltd. (LNXGF) RSS Feed

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14
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Created
05/09/06
Type
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 http://www.linuxgoldcorp.com/

WELCOME

LINUX GOLD CORP is involved in exploration of mineral properties. Our current plans are to joint venture and explore our gold properties in Alaska. Linux Gold Corp. owns 176 quarter sectors of State of Alaska mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska. Linux Gold Corp. owns 100% interest in the Dime Creek property in Alaska with gold and platinum values located in the Placer Creek. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned a 50% interest in the Fish Creek claims to Teryl Resources Corp. (TRC-V), retaining a 5% net smelter return or may convert into a 25% working interest. Linux has also staked mineral exploration claims covering 6,400 acres in the Livengood-Tolovana Mining District, in the State of Alaska near International Tower Hill's gold property (Symbol: ITH)

Company Profile

Armed with two highly promising exploration properties in prolific mineral regions of Alaska, Linux Gold Corp. (OTC BB: LNXGF) is moving aggressively to develop both its Dime Creek Gold and Platinum Property near the Granite Mountain Project and the Fish Creek Prospect.

"Our corporate goal is to focus on highly prospective properties that could become large producing mines," says Linux Gold President John Robertson.

Linux Gold began exploring in Alaska's Seward Peninsula in 2005 and quickly staked mining claims in the Granite Mountain and Dime Creek area. Teck Cominco owns the world's largest zinc deposit some 180 miles to the north of the Granite Mountain and Dime Creek area where it has identified over $20 million worth of zinc reserves.

Kinross Gold's Fort Knox mill, is located within six miles os Linux's Fish Creek Prospect. Kinross recently shared results of a geophysical survey that identified six gold targets on Linux's Fish Creek Prospect.

Linux Gold's Alaskan properties show strong gold mineralization, as well as clear evidence of a wide range of other metals. The properties are near major deposits and operating mines and both have a history of placer and shallow hand mining.

Business Vision

Linux Gold Corp. is a mineral resource company with a mandate to develop mineral prospects that have potential to become large producing mines. The Company now has interests in several properties with this potential, including:

  1. GRANITE MOUNTAIN, ALASKA The company acquired100% rights to explore for mineral reserves on this intriguing 37 square mile property. There was a fair amount of work completed during the 1960s that says Granite Mountain has a good chance of economical merit. The area is located beside North America's largest gold reserve and is 180 miles south of the largest zinc mine.
     
  2. FISH CREEK, ALASKA. Linux Gold owns a 50% joint venture interest (Optioned to Teryl Resources Corp. 50%) in 30 mining claims known located in the prolific Fairbanks Mining Division in Alaska. Kinross Gold's Fort Knox mill is within 6 miles from the claims and has been in operation for several years, producing over 400,000 ounces of gold annually at a cash cost of US$207 per ounce. The Fish Creek Property is an excellent gold prospect, which will be drilled in 2008 to test several gold geophysical anomalies and placer targets. A geophysical survey was previously completed by Fugro Airborne Survey, Inc. under contract to Fairbanks Gold Mining / Kinross Gold, which has identified six main gold targets on the Fish Creekprospect. There could be potential to build a low-cost, gold placer mining operation.

     

The Linux management team excels in negotiation and closure of corporate funding and property acquisitions. Linux looks forward to building a successful gold company and leveraging shareholders to the price of gold and other precious minerals. Linux believes the timing could not be better to fund and develop a gold company in light of the increase of the price of gold over the past few years.

Corporate Highlights:

  • Over the past few years have acquired 5 exploration properties near areas that have produced billions of dollars worth of minerals in the past, or have billions of dollars worth of reserve at the present. Potential to locate gold / silver / platinum / zinc / copper / molybdenum / tin / lead / and uranium.
  • Alaska - the new Granite Mountain project has a 2 mile mineralized zone with favorable discovery potential upon project funding. The land mass is 37 square miles in a proven area of exploration success.
  • Alaska - Possibility to bring on stream a low-cost placer mining operation on the Fish Creek property and to joint venture with Kinross Gold.
  • Strong potential to locate mineral reserves on all properties upon project funding.
  • Favorable discovery leverage in the company's shares at current prices.

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