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LNXGF: Linux Gold Corp. changed to 0187279 B.C. Ltd.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
LNXGF SEC Suspension "because of questions regarding the adequacy and accuracy of information about the company".
https://www.sec.gov/litigation/suspensions/2018/34-84824.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84824-o.pdf
Educational Information posted on Raging Bull
Here is your chance to get an investment lesson on "smoke and mirrors" tactics and the unique management of 2 engineering companies. You'll get a chance to learn about "ignorance" and "neglect" for the Canada Tax Act, BC Corporation Act, BC Trustee Act and criminal code.
Goto http://ragingbull.com/forum/board/910 and read all the topics since March 2016.
$LNXGF @ .022!
$LNXGF @ .011!
$LNXGF @ .014!
$LNXGF @ .01!
~ $LNXGF ~ Parabolic SAR Buy Signals ~ Criteria alert for last trading session!
$LNXGF has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "LNXGF" utilize the links that follow.
Search FaStlane's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=ParSarBuyScan ~
Search FaStlane's posts for symbol "LNXGF": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=LNXGF ~
Search Ihub for "LNXGF" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=LNXGF ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
nice up move today on good volume......
chang
Looks like we had some selling today on this dip.
chang
this has a nice base formation here......
chang
Happy st pats day....I got a leprachaun here and he is looking for his pot o gold....I think maybe LNXGF is it.
chang
2 large blocks, BUYS ...100k and 120k today at .035
chang
just mulling around, doing nothing....
chang
GOOD VOLUME.....O4 .045 as i write.
chang
+33.00% on Friday and +17.65% for the week... 2 weeks in a row are positive!
Nice move friday.....we hit and closed at .04 on ok volume. Maybe LNXGF will shine someday soon......
chang
Scoreboard for the week: +70.00%
OOOPS...what a drop today. Maybe technical? I do not know myself. Sorry.
Chang
Any have an idea on what's going on here and why the pps keeps getting pushed down?
On 11K volume: +16%
LNXGF - on the radar
~ $LNXGF ~Multi chart fix and On the house shots of DD!! Version 3.2.3
~ Barchart: http://barchart.com/quotes/stocks/LNXGF?
~ OTC Markets: http://www.otcmarkets.com/stock/LNXGF/company-info
~ Google Finance: http://www.google.com/finance?q=LNXGF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LNXGF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LNXGF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LNXGF
Finviz: http://finviz.com/quote.ashx?t=LNXGF
~ BusyStock: http://busystock.com/i.php?s=LNXGF&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=LNXGF&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=LNXGF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=LNXGF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=LNXGF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=LNXGF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=LNXGF
~ MarketWatch: http://www.marketwatch.com/investing/stock/LNXGF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=LNXGF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LNXGF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LNXGF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LNXGF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LNXGF&size=l&frequency=60&color=g
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=LNXGF
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=LNXGF
Check those searches for recent LNXGF mentions. If LNXGF is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cLNXGFnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=LNXGF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=LNXGF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> LNXGF <---
Volume picking up, mostly on the buy side...
Chang
this is huge
"proving to be a major gold discovery with a reported 12 million oz. gold indicated and inferred"
Linux Gold Corp. Completes Assessment and Rental Fees for 2011
Linux Gold Corp (OTCBB:LNXGF)
Intraday Stock Chart
Today : Wednesday 7 December 2011
Linux Gold Corp. Completes Assessment and Rental Fees for 2011
PR Newswire
FAIRBANKS, Alaska, Dec. 7, 2011
FAIRBANKS, Alaska, Dec. 7, 2011 /PRNewswire/ -- Linux Gold Corp. (LNXGF-OTCBB) completes rental fees and assessment on the following claims in Alaska:
Trout Property - Comprised of claims covering several blocks in the Livengood-Tolovana Mining District near International Tower Hill (ITH.V). The International Tower Hill property is proving to be a major gold discovery with a reported 12 million oz. gold indicated and inferred. Linux is preparing a drill program on Trout for Spring 2012. Assays pending on an exploration program for 2011.
Dime Creek - On the eastern Seward Peninsula of Alaska, Linux Gold Corp. owns a 100% interest in a strip of 12 contiguous State of Alaska mining claims. Both have placer and Lode potential.
Fish Creek (50-50 JV Property) - Linux Gold Corp. holds a 50% interest in 30 mineral claims known as the Fish Creek Prospect situated 20 miles northeast of Fairbanks. The 50% interest is optioned to Teryl Resources Corp. (TRC.V), wherein after $400,000 is spent, Linux can backin for a 25% interest or keep a 5% net profit interest. Furgo Airborne Survey, Inc. has identified six main gold targets on the site and Linux is considering a low-cost placer mining operation. An exploration program is planned in 2012.
ABOUT LINUX GOLD CORP.
Linux Gold Corp. symbol LNXGF is involved with exploration of mineral properties areas of Alaska known for finding gold and other precious metals. It's strategy is to focus on prospective areas that have the geology to become producing mines. The Company currently plans to explore and drill their promising gold and platinum properties: Trout Property (Gold Prospect) near the Livengood, Tovovana mining district, Dime Creek (Gold and Platinum Property) near Granite Mountain, and the Fish Creek (Gold Prospect), both near major Gold deposits and basic metal properties.
For more information please visit www.linuxgoldcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson, President
Phone Contact: John Robertson 800-665-4616
READER ADVISORY
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Linux, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
SOURCE Linux Gold Corp.
LNXGF nice news out today
Nice News...liking it
Linux Gold Corp. Completes Assessment and Rental Fees for 2011
Date : 12/07/2011 @ 9:00AM
Source : PR Newswire
Stock : Linux Gold Corp (LNXGF)
http://ih.advfn.com/p.php?pid=nmona&article=50337462&symbol=LNXGF
FAIRBANKS, Alaska, Dec. 7, 2011 /PRNewswire/ -- Linux Gold Corp. (LNXGF-OTCBB) completes rental fees and assessment on the following claims in Alaska:
Trout Property - Comprised of claims covering several blocks in the Livengood-Tolovana Mining District near International Tower Hill (ITH.V). The International Tower Hill property is proving to be a major gold discovery with a reported 12 million oz. gold indicated and inferred. Linux is preparing a drill program on Trout for Spring 2012. Assays pending on an exploration program for 2011.
Dime Creek - On the eastern Seward Peninsula of Alaska, Linux Gold Corp. owns a 100% interest in a strip of 12 contiguous State of Alaska mining claims. Both have placer and Lode potential.
Fish Creek (50-50 JV Property) - Linux Gold Corp. holds a 50% interest in 30 mineral claims known as the Fish Creek Prospect situated 20 miles northeast of Fairbanks. The 50% interest is optioned to Teryl Resources Corp. (TRC.V), wherein after $400,000 is spent, Linux can backin for a 25% interest or keep a 5% net profit interest. Furgo Airborne Survey, Inc. has identified six main gold targets on the site and Linux is considering a low-cost placer mining operation. An exploration program is planned in 2012.
Got a feeling on this one
CHart on LNXGF look good, both daily and weekly now....
Chang
Retail and registered shareholders are buying despite extreme volatility.
Stabilizing price in this zone...
FuturesJackel....?? u think that SFOR is ok and legit?
Thanx.....
Chang
ALSO look at SLGLF......Alaska Gold mining sub-penny appears to have SAME pattern......
Both have 50 and 200 MA moving together to make a cross soon....
Chang
For real? What do you see as a chart pattern?
Chang
Linux Gold to Identify Drill Targets at the Trout Claim Group in Rampart Mining District, Alaska
From 2 weeks ago... 8/2/2011 10:02:52 AM ET News Release Index
http://www.integratir.com/newsrelease.asp?news=2131025306&ticker=LNXGF&lang=EN&title=null
FAIRBANKS, ALASKA, Aug 02, 2011 (MARKETWIRE via COMTEX News Network) --
Linux Gold Corp. (the "Company") (OTCBB: LNXGF) will commence an exploration program, next month, consisting of 40 - 60 auger drilling holes, to identify drill targets on the Trout Claims, located about 70 miles northwest of Fairbanks, Alaska in the Rampart Mining District. The claim block consists of thirty-four (34) 160 acre State of Alaska claims totaling 5,440 acres.
Pursuant to our news release dated November 22, 2010:
The Trout Claims are underlain by two, geochemically-reduced, magnetically subdued, igneous intrusions. These igneous rocks have yielded radiometric ages of 89-90 million years (Ma), the same age as Fort Knox, Livengood, and other gold-bearing intrusions exposed throughout the Tintina Gold Province. International Tower Hill Mines Ltd. (ITH) has calculated a recent Ni 43-101 compliant resource estimate of 12.5 million ounces gold at a 0.5 g/t gold cutoff at their Livengood deposit, which is approximately 30 miles east of the Trout Claims. Past productive placer gold deposits also occur immediately downstream from the Trout Claims, suggesting a lode source within the claim group.
During 1993-1994, previous explorers identified a 3,000 feet long by 1,000 feet wide, northeast-trending, gold-in-soil anomaly which overlies one of the igneous intrusions. Thirty-nine (39) soil samples contained 65 to 680 ppb gold (.065 to.68 g/t gold), and thirteen rock chip samples contained 130 to 9,640 ppb gold (.130 to 9.64 g/t gold). Elevated silver, lead, zinc, arsenic and antimony values were also identified.
During 2010, Linux contractors attempted to verify this anomaly by collecting nine (9) soil and forty-six (46) rock chip samples that were run at ALS Chemex Labs, Inc., using the Au-AA24 analytical method. The nine soil samples, which contained 10 to 967 ppb gold (.01 g/t to.967 g/t gold) and an average of 156 ppb gold (.156 g/t gold), successfully confirmed the northeast trend of the mineralization and widened it by approximately 150 feet to the northwest. The thirty-four rock chip samples contained up to 411 ppb gold (.441 g/t gold), with elevated gold values obtained from quartz veins within the intrusive. The rock sample program closed off the mineralized zone to the northwest at an elevation of about 3,000 feet. The gold anomaly remains open to the northeast, southwest, and southeast.
Future work planned by Linux will include sample programs that test these possible extensions as well as identifying drill targets to test the known gold anomalies that are known within the Trout Claim Group.
Qualified Person
The mineral data described above was prepared by Thomas K. Bundtzen, P. Geo., BS, MS, CPG-10912, ABSLN#279639, President of Pacific Rim Geological Consulting, Inc., of Fairbanks, Alaska, who is independent of the Company as defined in NI 43-101. Bundtzen is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG). Bundtzen is a Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.
Without any shred of a doubt, money is flowing into Linux.
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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) |
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. |
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:
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:
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