0187279 B.C. Ltd. (LNXGF)

[Pro-Life]

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.