Linear Gold (LRR)

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I need to update the ibox .....

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Linear Gold is now http://www.brigusgold.com/ ill update soon ...

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if we dont hold here $1,68 then we will see $1,50 soon

[goldisking3000]

Linear Gold Intercepts Gold Zone Below Box Deposit at 100% Owned Goldfields Project

HALIFAX, NOVA SCOTIA, February 22, 2010: Linear Gold Corp. (TSX: LRR) (“Linear”) is pleased to announce the results for the first three drill holes of the 2010 Box Deposit drill program at Linear’s 100% owned Goldfields Mine Development Project, located in Saskatchewan, Canada. The gold zone was intercepted immediately below the established Proven and Probable gold reserves of 1,030,400 ounces contained within the combined Box and Athona Gold Deposits. The initial results confirm the excellent potential for additional gold mineralization within the Goldfields Project which could extend the planned mine life beyond 14.3 years and/or increase planned annual production rates beyond 70,000 to 90,000 ounces of gold per year.
Highlights from the first three drill holes of the 2010 Box Deposit drilling program include:
· Hole B10-303, which returned 2.28 grams gold per tonne over an estimated true width of 29.1 metres, including 3.87 grams gold over 14.1 metres; and
· Hole B10-304, which returned 2.52 grams gold per tonne over an estimated true width of 41.7 metres, including 6.84 grams gold per tonne over 13.9 metres.
The initial objective of the 2010 drilling program is to test for mineralization immediately below the bottom of the proposed Box Deposit open pit. Drill holes, B10-303, 304 and 305, were targeted to intersect the projected down-dip extension of the Box Deposit, where encouraging gold results were returned from limited drilling, as reported by GLR Resources Inc. (“GLR”) during 2007, including:

· Hole B07-292, which returned 2.13 grams per tonne of gold over an estimated true width of 47.81 metres, including 8.35 grams per tonne of gold over 8.60 metres;
· Hole B07-294, which returned 6.32 grams per tonne of gold over an estimated true width of 16.72 metres, including 11.47 grams per tonne of gold over 8.80 metres; and
· Hole B07-296, which returned 2.54 grams per tonne of gold over an estimated true width of 23.76 metres, including 5.57 grams per tonne of gold over 7.90 metres.

Table 1. Results from Linear’s First Three Drill Holes of 2010 Drill Program.
Drill From To Core Length True Width Gold
Hole (metres) (metres) (metres) (metres) (grams per tonne)
B10-303 192.5 223.5 31.0 29.1 2.28
including 201.5 216.5 15.0 14.1 3.87
including 201.5 206.5 5.0 4.7 7.50
B10-304 192.0 233.7 41.7 41.7 2.52
including 192.0 205.9 13.9 13.9 6.84
B10-305 217.7 223.7 6.0 6.0 1.68
and 242.7 248.7 6.0 6.0 0.51


Howard Bird, Linear’s Vice President of Exploration, stated: “I am very pleased with the excellent results that were returned over significant widths from Linear’s first three drill holes targeting mineralization below the planned Box Deposit pit bottom. These drill holes, together with the historical GLR 2007 drill holes, have intersected the projected down-dip extension of the Box Deposit over an area approximately 30 to 150 metres from the bottom level of the proposed open pit. The results confirm that there is excellent potential to add additional ounces to the Box Deposit gold reserve which could potentially be mined by deepening the current design of the open pit. The Box Deposit remains open at depth and higher grade gold results are known to occur at or near the hanging wall contact, representing excellent potential for the discovery of deeper underground zones below the Box Deposit. Linear is looking forward to receiving further results from the 2010 Box Deposit drill program as well as initial drill testing of several high-priority geophysical anomalies identified from the recently completed Titan 24 Deep IP geophysical program that may be indicative of new mineralized systems.”
An Induced Polarization (IP) and Resistivity (DCIP) survey using the advanced Quantec Geoscience Titan 24 geophysical system was completed on February 19, 2010. The Titan 24 geophysical system acquires high-resolution results to depths of approximately 700 metres. Linear’s program was designed to identify new gold mineralized systems near the Box and Athona Gold Deposits. Through processing, inversion and interpretation of results, information can be obtained on conductive mineralization, disseminated mineralization, alteration, structure and geology. The survey covered an area of 13 square kilometres and final data processing and modeling is expected to take two to three weeks. Early processed results show the Box and Athona Gold Deposits as chargeability and resistivity anomalies. Linear’s 2010 drill programs will test several look-alike geophysical anomalies.
The Goldfields Project includes Linear’s extensive contiguous property holdings of over 25,000 hectares, located within a prolific gold-bearing region of Saskatchewan. The project area hosts a wide variety of mineralization and historical underground development, including the Box Mine, which produced as an underground gold mining operation from 1939 to 1942. Twelve additional gold occurrences have been documented on the property. All of the known gold deposits and occurrences are exposed at surface, most of which were discovered through surface prospecting during the 1930’s. The Box and Athona Deposits, the two known deposits on the property, are located two kilometres apart and will utilize a central processing mill facility. The Box and Athona Deposits are both large multi-million tonne open pit deposits, located on the western flank and near the nose of the Goldfields syncline. Both deposits have potential for increased open pit gold resources and there is good potential for higher grade gold mineralization, which may be suitable for underground mining methods below the proposed open pits.
The project area is located 25 kilometres from Uranium City, Saskatchewan, and is serviced by excellent local infrastructure, including an airport, hydro-electric power, telecommunications, a good road system, a field office, a core shack and living quarters with kitchen facilities for the exploration team.
Assaying was by the total metallic method to eliminate any loss of the coarse gold fraction during sample processing in the assay laboratory. Sample processing and gold assaying was done by TSL Laboratories Inc. of Saskatoon, Saskatchewan.

Please refer to Linear’s website at www.lineargoldcorp.com for drill hole locations.

For further information, please contact:

Linear Gold Corp.
Sean Tufford
Director of Investor Relations
[phone]
Website: www.lineargoldcorp.com

Mr. John Dixon, P.Geo., Senior Project Geologist of Linear and a qualified person under National Instrument 43-101, has approved the technical information and has read this press release.

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Linear Gold Commences Drilling at Goldfields Project
HALIFAX, NOVA SCOTIA, January 27, 2010: Linear Gold Corp. (TSX: LRR) (“Linear”) is pleased to announce that drilling has commenced at its Goldfields Mine Development Project, host to Linear’s 100% owned Box and Athona Gold Deposits. The Goldfields Project includes over 25,000 hectares of contiguous property holdings located within a prolific gold-bearing region of Saskatchewan, Canada. The Box and Athona Gold Deposits are being developed as open pit operations with combined Proven and Probable gold reserves of 1,030,400 ounces.

Linear’s planned 2010 drill program will focus on the following objectives:

· Drilling will test for additional gold mineralization below the bottom of the proposed Box Mine open- pit. The planned 3000 metre Box Deposit drill program will consist of between 10 to 15 drill holes, initially focusing on areas where potential ore-grade results have been returned from limited drilling completed and reported by GLR Resources Inc. during 2007, including:
o Hole B07-292, which returned 2.13 grams per tonne of gold over an estimated true width of 47.81 metres, including 8.35 grams per tonne of gold over 8.60 metres; and
o Hole B07-294, which returned 6.32 grams per tonne of gold over an estimated true width of 16.72 metres, including 11.47 grams per tonne of gold over 8.80 metres.

Following the completion of the initial 3000 metre drill program and the return of positive results, a follow-up infill drill program will be designed to incorporate the additional mineralization in to an updated Box Deposit gold resource estimate.

· Drilling will follow-up and test geophysical anomalies identified within a planned 840 hectare sector of the Goldfields Project which will be surveyed by the advanced Titan 24 geophysical system. The Induced Polarization (IP) and Resistivity (DCIP) survey, which will be completed in February 2010, has been designed to identify anomalies with the potential to host mineralized systems near the Box and Athona Gold Deposits including the two kilometre area between the deposits. The Titan geophysical system is designed to acquire high-resolution results to depths of approximately 700 metres, depths that are unachievable with conventional geophysics or airborne geophysics. Through processing, inversion and interpretation of results, information can be obtained on conductive mineralization, disseminated mineralization, alteration, structure and geology resulting in highly prospective drill targets.

· Drilling will be completed to test the following highly prospective targets:
o The down-dip and along strike gold mineralization outside of the proposed design of the Athona Deposit open-pit; and
o historic gold occurrences on the property including:
o The Golden Pond occurrence, located approximately three kilometres northeast of the Box Deposit, where GLR Resources intersected 5.07 grams per tonne over 15 metres and16.57 grams per tonne over13.6 metres.
Howard Bird, Linear’s Vice President of Exploration, stated: “I am pleased that the Goldfield’s 2010 exploration program has commenced and look forward to the drill results which are expected to add additional ounces to the gold resource at the Box Deposit. Furthermore, the interpretation of three-dimensional model results from the IP geophysical program is expected to identify exciting target anomalies where drill testing may result in the discovery of large-scale bulk-tonnage gold occurrences similar to the Box and Athona Deposits, and/or high-grade gold vein occurrences. Exciting upside potential also exists in the Athona Deposit exploration drill program, as well as the testing of historic gold occurrences.”
The Goldfields project area hosts a wide variety of mineralization and historical underground development, including the Box Mine, which produced as an underground gold mining operation from 1939 to 1942. Twelve additional gold occurrences have been documented on the property. All of the known gold deposits and occurrences are exposed at surface, most of which were discovered through surface prospecting during the 1930’s. The Box and the Athona Deposits, the two known deposits on the property, are located two kilometres apart and will utilize a central processing mill facility. The Box and Athona Deposits are both large multi-million tonne open pit deposits, located on the western flank and near the nose of the Goldfields syncline. Both deposits have potential for increased open pit gold resources and there is good potential for higher grade gold mineralization, which may be suitable for underground mining methods below the proposed open pits.

The Goldfields project area is located 25 kilometres from Uranium City, Saskatchewan, and is serviced by excellent local infrastructure, including an airport, hydro-electric power, telecommunications, a good road system, a field office, a core shack and living quarters with kitchen facilities for the exploration team.
For further information, please contact:

Linear Gold Corp
Sean Tufford
Director of Investor Relations
[phone]
Website: www.lineargoldcorp.com

Michael Sylvestre, P.Eng., COO of Linear and a qualified person under National Instrument 43-101, has approved the technical information and has read this press release

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Everton and Linear Intersect 1.27% Copper over 15.0 meters, 1.23 g/t Gold over 14.0 Meters and 83.72 g/t Silver over 22.0 Meters from diamond drill holes on Ampliacion Pueblo Viejo Project, Dominican Republic – Drilling to Resume Immediately
Thursday January 14, 2010


http://www.lineargoldcorp.com/press_releases.php?action=details&id=250&page=1

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Linear Gold Maintains a 100% Interest in the Ixhuatan Project, Mexico
Tuesday December 29, 2009
HALIFAX, NOVA SCOTIA, December 29, 2009: Linear Gold Corp. (TSX: LRR) (“Linear”) announces that it has received notice from Kinross Gold Corporation that they will not exercise their option to acquire an initial 60% interest in the Ixhuatan Project, thereby allowing Linear to maintain its 100% interest in the project.

The Ixhuatan Project covers an area of over 98,000 hectares, in Chiapas, Mexico, including the Campamento Gold Deposit. The Campamento Gold Deposit is a high-grade, gold-silver deposit situated at or near surface. In June 2006, Linear announced the results of a National Instrument 43-101 compliant gold and silver resource on the Campamento Deposit that included 1,041,000 ounces of gold in the measured and indicated categories with an additional 703,000 ounces in the inferred category (at a 0.50 gram per tonne cut-off). The total silver content in the deposit was calculated at 4,400,000 ounces in the measured and indicated categories with an additional 2,260,000 in the inferred category.

Pursuant to the October 2007 option agreement between Linear and Kinross, Kinross made an initial payment to Linear of US$1.0 million and was required to incur a minimum of US$15 million of expenditures on the Ixhuatan Project within a 24-month period, following which they had a 90 day period to exercise their option to acquire an initial 60% interest in the Project for US$45 million. Kinross would have then had a further option to increase its interest in the Project to 70% by making an additional payment of US$55 million and would have been required to make a payment of up to US$15 million based on the size of the proven and probable gold equivalent reserve.

Pursuant to the terms of the agreement, Kinross will pay Linear US$3,387,390, representing the difference between the minimum US$15 million expenditure and the actual work costs incurred by Kinross during the option period.

Wade Dawe, President and Chief Executive Officer of Linear, stated “Kinross has been an excellent partner to lead and fund the exploration program on the Ixhuatan Project over the past two years. Maintaining a 100% interest in the Ixhuatan Project provides Linear with a strategic pipeline of projects to compliment the development of our Goldfields Project in northern Saskatchewan.”

Giving effect to this development, Linear is debt-free and well positioned for advancing development of the Goldfields Project with $45 million in cash and 44.2 million shares outstanding. In addition, Linear holds a 100% interest in the Goldfields Project, in Northern Saskatchewan, and the Ixhuatan Project, Mexico, together hosting gold resources of over 2 million ounces (National Instrument 43-101 compliant), as well as carried interests in three Dominican Republic Properties subject to earn-in agreements that provide for the completion of feasibility studies at no expense to Linear

For further information, please contact:

LINEAR GOLD CORP.
Wade K. Dawe
President and Chief Executive Officer
[phone]
Website: www.lineargoldcorp.com

Mr. Mike Sylvestre, P.Eng., a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

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Linear Gold Provides Exploration Update for Its Goldfields Project

Wednesday December 2, 2009
HALIFAX, NOVA SCOTIA, December 2, 2009: Linear Gold Corp. (TSX: LRR) (“Linear”) is pleased to outline its upcoming exploration program and highlight the exploration potential at its Goldfields Mine Development Project, host to Linear’s 100% interest in the Box and Athona Gold Deposits, located in Saskatchewan, Canada. As recently reported, the Box and Athona Gold Deposits will be developed as open pit operations with combined Proven and Probable gold reserves of 1,030,400 ounces.

The Goldfields Project includes Linear’s extensive contiguous property holdings of over 25,000 hectares, located within a prolific gold-bearing region of Saskatchewan. The project area hosts a wide variety of mineralization and historical underground development, including the Box Mine, which produced as an underground gold mining operation from 1939 to 1942. Twelve additional gold occurrences have been documented on the property. All of the known gold deposits and occurrences are exposed at surface, most of which were discovered through surface prospecting during the 1930s.

Linear’s Vice President of Exploration, Howard Bird, stated: “Linear’s exploration program will commence in January 2010 and is expected to provide a pipeline of regional exploration opportunities with the potential to yield significant new gold discoveries. There is widespread surface mineralization across the property, representing obvious targets that have not been systematically explored using modern scientific methods to identify gold occurrences hidden in the subsurface and under areas with soil or water cover. Furthermore, the exploration program will also focus on adding additional ounces to the gold resource at the Box Deposit by drilling the down-dip extension of the Box Ore Zone”.

The Box and the Athona Deposits, the two known deposits on the property, are located two kilometres apart and will utilize a central processing mill facility. The Box and Athona Deposits are both large multi-million tonne open pit deposits, located on the western flank and near the nose of the Goldfields syncline. Both deposits have potential for increased open pit gold resources and there is good potential for higher grade gold mineralization, which may be suitable for underground mining methods, below the proposed open pit limits. Results from limited drilling below the proposed design of the Box Deposit open pit, as reported by GLR Resources Inc. (“GLR”) during 2007, included:


• Hole B07-292, which returned 2.13 grams per tonne of gold over an estimated true width of 47.81 metres, including 8.35 grams per tonne of gold over 8.60 metres; and
• Hole B07-294, which returned 6.32 grams per tonne of gold over an estimated true width of 16.72 metres, including 11.47 grams per tonne of gold over 8.80 metres.

The Frontier Adit gold occurrence, located about one kilometre north of the Box Deposit, is a narrow vein, higher grade style of gold mineralization with underground sampling reported by GLR of up to 28.18 grams per tonne of gold. The Golden Pond gold occurrence, located three kilometres to the northeast of the Box Deposit, includes 1988 and 1995 drill hole results reported by GLR of up to 5.07 grams per tonne of gold over 15.0 metres and 16.5 grams per tonne of gold over 13.6 metres. These and other gold occurrences line up in distinct northerly and north-easterly trends related to and controlled by complex structural events. There are indications that several gold mineralizing events have occurred in the area. All known gold mineralization is associated with auriferous quartz veining in metasedimentary units, which have been altered, and feldspathized by nearby felsic granitic intrusions, and in felsic granitic intrusives.

There is excellent potential for continued discovery of new mineralized systems near the Box and Athona Gold Deposits and within the greater Goldfields Project area. Linear’s exploration program will initially target an approximate five kilometre by five kilometre area centered on the Box Deposit. The exploration program will include:

1. An Induced Polarization (IP) and Resistivity (DCIP) survey using the advanced Titan 24 ground geophysical system for acquiring high-resolution results to depths that are unachievable with conventional geophysics or airborne geophysics. The Titan 24 system images to an approximate 700 metre depth. Through processing, inversion and interpretation of results, information can be obtained on conductive mineralization, disseminated mineralization, alteration, structure and geology.
2. An extensive drill program with the following three objectives:
a. Drilling designed to test below the currently planned pit design of the Box and Athona Deposits with particular emphasis on following up previously reported drill results, below the Box Deposit planned pit outline, not included in the current mine plan;
b. Initial drilling of known gold occurrences, including the Frontier Adit, Golden Pond and other historic gold occurrences on the project; and
c. Following field data acquisition and the interpretation of three-dimensional model results from the geophysical program, a second drill will be utilized to drill test selected anomalies that may be indicative of large-scale bulk-tonnage and high-grade vein gold deposits. All gold deposits and occurrences discovered to date are outcropping, and were discovered through historical, rudimentary surface prospecting. The property has not been subject to systematic exploration using modern and advanced scientific methods to target gold occurrences hidden in the subsurface and under areas with soil or water cover.

The project area is located 25 kilometres from Uranium City, Saskatchewan and is serviced by excellent local infrastructure, including an airport, hydro-electric power, telecommunications, a good road system, a field office, a core shack and living quarters with kitchen facilities for the exploration team.
For further information, please contact:

LINEAR GOLD CORP.
Sean Tufford
Director of Investor Relations
[phone]
Website: www.lineargoldcorp.com

Mike Sylvestre, P.Eng., COO of Linear and a qualified person under National Instrument 43-101, has approved the technical information and has read this press release.

[goldisking3000]

It never was my thinking that made the big money for me. It always was my sitting."
–Jesse Livermore, Reminiscences of a Stock Operator
Livermore suggests that making money, big money, you have to be right and sit tight. This is the kiss of death for most traders and investors. Often being right is doing something that the masses deem foolish, stupid, unpatriotic, you name it. To be right, investors face isolation, ridicule, and labels. This pressure is simply too much for most individuals. The drive for social acceptance from group is very strong in humans. It’s easier for the psyche to get slaughtered as a group than stand alone and be right. Even those that have the discipline to stand alone and be right, it is often very hard to sit tight long enough to make the really big money.

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Linear Gold Reports Updated Economic Results From Goldfields Project

http://finance.yahoo.com/news/Linear-Gold-Reports-Updated-ccn-165907288.html?x=0&.v=1

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It is a good time to be a gold company, $1200 Gold and we could see $3 $4 and $5+ a share fast lets injoy the ride and give it time.

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From Linear Gold website, Cash (CDN)$24 million debt‐free. Fully Diluted Shares 38.5 million. 1+ million ounces of gold (measured & indicated) Very nice.

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Development stage to become a 90,000 ounce per year gold producer. WE should see a nice profit over the next few years. Maybe $10 to $20+ per share.

[goldisking3000]

Sinatra thanks for posting the info. Good luck to us.

[Sinatra]

Found at www.dyor.de:

Interview with Wade Dawe - President and CEO of Linear Gold
A golden future

An exploration company which doesn’t want political risk in addition to a geological risk – which you always have – has to go to politically stable countries. In cause of the fact that many companies think in this sense, it is hard to find high-quality assets in politically stable countries like Canada.
The Canadian exploration company Linear Gold recently made the step from a pure exploration company to a near-term producer by acquiring a Canadian high-quality gold project from another company.

We spoke with CEO Wade Dawe about the new Goldfields Project, the constructed mine-equipment and Linear Gold’s golden future that was provided with the acquisition of the Goldfields Project.


Wade, Linear Gold recently announced the acquisition from GLR Resources Inc. of all of its interest in the Goldfields Project located near Uranium City, Saskatchewan, Canada. Does this mean to acquire the whole company or the Goldfields Project as a single project?

Linear Gold acquired a 100% interest in the Goldfields Project, which includes two gold deposits – the Box Mine and the Athona Deposit. Both the Box and Athona are past producing gold mines – from 1938 to 1942. In addition to these two gold deposits, we also acquired a substantial acreage of exploration claims which will allow Linear to conduct gold exploration while adding to the current reserves and resources.
The acquisition is inclusive of two past producing mines, a gold reserve and some substantial acreage for future gold exploration.

What is the exciting thing on this project?

The project is a near term low-cost gold producer. Gold deposits are becoming increasingly difficult to find and often they are found in countries that are totally unstable, difficult to access or obtain a power supply.
The Goldfields Project is located in Canada. It will be a low-cost open-pit mine, with quite attractive grades. There are power lines right to the site and the capital costs are quite manageable at 63 million USD. It will produce substantial cash-flow and can be brought into production in the near term.
The Goldfields Project is unique, because it will allow Linear Gold to move from being an exploration company to a producing company with a very substantial gold asset. Therefore we are in a good position because we can secure gold production and substantial cash-flow for our shareholders. Gold deposits like this one are very hard to find in Canada. We will become a growing gold producer with this acquisition and that should substantially re-rate the value of the company and increase shareholder value.

How does the infrastructure at the Box and Athona Deposits look like?

Uranium City is located in the north-western area of Saskatchewan. It was used to support the surrounding mining area in the past. In present times it is also used as a supporting center for exploration activity in northern Saskatchewan. Uranium City has an airport, it has full power and very good telecommunications. There are high quality roads in summer and in winter.
Right on our project we have a field office, a core storage facility and living quarters for our staff. The project is easily accessible, it hosts low cost power for the mine and there is adequate labor supply in the immediate area.

What are the next steps for the Goldfields Project?

The next step will be to hire a Chief Operating Officer who will oversee the development and construction and then the gold production from this mine. We are in the final stages of hiring a world class Chief Operating Officer.
The second step will be to continue with the procurement, construction and development processes which will lead to low cost gold production from the asset. A great portion of the required equipment has already been constructed and we will continue with that process and move it on to the full mining of the ore.
We have also contracted an engineering firm to update the feasibility study. In the near term we hope to announce an updated resource estimate which we expect will be quite positive with new economic numbers based on current gold prices. The old feasibility study was based on a gold price of only 525 USD. Therefore we expect a much higher value for the project when we announce a new resource estimate and new economic data based on current gold prices.

What kind of equipment is already on place and when do you expect to be ready for the production start?

GLR had contracted to purchase processing equipment that will be mobilized to the site once it is fully constructed in China and in Australia. That equipment will form a significant portion of the producing facility on the property.
In 2007 GLR completed a feasibility study on the deposit after holding it for about 20 years. In 2008 they secured a debt facility with a European bank to fund the construction of the mine. As part of this debt facility, GLR was required to raise equity as well – by issuing shares. But as we all know the market conditions deteriorated in mid 2008 and prevented GLR from completing the financing, which caused the company to run out of cash and move to a status of financial distress. GLR then was forced to sell the Goldfields Project and as a result they also lost their deposits on the equipment.
The equipment is partially built (about 50%). Linear Gold has assumed those contracts and we are in the process of reimbursing GLR for this equipment. A date for the production start will be released in the 4th quarter of 2009.

What more potential do you expect from the Goldfields Project area?

Adjacent to the Box Deposit there are a couple of other zones of where exploration work was carried out in the past. Some of the past exploration and drilling were just excellent. There is a target called “Golden Pond“ where one drillhole intercepted 16.5 g/t of gold over 13.6 meters. Another hole on the same target intercepted 5 g/t gold over 15 meters. At the moment there are no resource estimates on this target but there are good gold showings and we are excited about the exploration upside potential and the possibility of adding reserves to the overall property package which will extend the mine-life for the Goldfields Project.
As a result of the large land-package that Linear holds, there is a lot of upside potential at the Goldfields Project. Therefore we intent to undertake additional exploration work to demonstrate that there is more gold on the property package.

Are there further opportunities for acquisitions and/or exploration near the current licenses?

Our strategy is to become a growing gold producer. Our initial focus is to bring the Goldfields Project into production. We also continue to search for additional acquisition opportunities which will provide a pipeline for future growth. We are confident that Linear will find such opportunities. We are looking for acquisitions in political stable areas, which are easily accessible and areas which have positive attributes for gold production.

Linear owns further projects in Mexico. There you have a joint venture agreement with Kinross Gold for the Ixhuatán Gold Project. What is the current status of this project?

In Mexico we decided to attract a well funded joint-venture partner where Linear can be sure to advance its Mexican exploration projects without taking financial risks. Kinross is committed to spend 15 million USD over a 24 month period on Linear’s project. At the end of this period Kinross will have the opportunity to purchase up to a 60% interest for a onetime payment to Linear of 45 million USD. Under the terms of that agreement they must advise us if they intend to make the purchase by December the 31st 2009. The timeframe for the spending of the 15 million USD is to October 31 2009. From this date Kinross has a period of 60 days to make a purchase decision.
Linear Gold originally made a gold discovery of 1.2 million ounces of gold at its Ixhuatán property in Mexico. This discovery and the exploration potential of the surrounding lands attracted Kinross to the project. Kinross felt that there was additional potential for gold in this area. Kinross‘ goal is to find an economic deposit of 2 – 3 million ounces. If they are successful in finding such a deposit they would very likely pay the mentioned amount. If they are not successful, the project will be 100% redirected to Linear Gold plus all of the data of the work that has been completed by Kinross. Both decisions would give Linear Gold significant benefits. On the one hand Linear could receive a large cash payment, while on the other hand Linear would get back a 100% interest in the project plus all the exploration data.

In the Dominican Republic, Linear Gold has a joint venture with Everton Resources for a gold project nearby Barrick’s multi-million-ounce-project Pueblo Viejo. What do you expect from this joint venture agreement?

In the Dominican Republic it is a little bit different. Everton can earn an initial 50% interest in three projects. With these deals Linear Gold receives cash payments and share payments from Everton Resources. In addition to that, Everton has to pay 100% of the exploration costs for the three projects.
One of the projects is directly adjacent to the Pueblo Viejo Mine, which is held by Barrick Gold and Goldcorp. That mine is under construction and hosts approximately 20 million ounces of gold. Essentially, Linear Gold‘s assets in the Dominican Republic are located in a proven gold belt next to an elephant gold deposit. Should Everton’s exploration result in a new gold discovery it would be very positive for Linear Gold. Everton can earn an interest up to 65% by carrying all expenditures on the properties right through to feasibility. As a result of this, Linear Gold has no downside risk, but much upside potential at no cost.

What are the next big milestones for Linear Gold?

The next big milestone for the company is hiring a Chief Operating Officer, which is in the final stages. We are in the process of completing an updated feasibility report for the Goldfields Project. And we are commencing the development of this project which will lead to full commercial production.
On the exploration side in Mexico, Kinross is continuing its work which will lead to a purchase decision. If Kinross elects not to purchase the property from Linear, this Mexican project would be an ideal future development project for Linear because of its known resource of 1.2 million ounces of gold, which might be too small for Kinross, should no additional ounces be found. That means Linear has an enormous upside potential with this project – whether Kinross decides to exercise its option or not.
In the Dominican Republic the next milestones will be drill results. The upside on our shareholders will be dependent on whether or not Everton is successful in finding new gold mineralization. If no more mineralization is found, there is no downside risk for Linear Gold. We have structured both joint venture agreements to provide upside for our shareholders without taking any financial risk.

Why should potential investors invest in Linear Gold right now?

At the present time we are in a long term secular bull market for gold. There are a number of ways to invest in gold. It has been proven over time, that companies that are capable and able to move projects from the exploration phase through to production, receive a substantial appreciation in their share price and in their market cap. Linear Gold is in that process of moving a project into the development and the production phase. While we are doing that we also have the exposure to quality exploration projects with good joint venture partners. I believe Linear Gold is very well positioned in this gold market. We have quality assets and we have gold resources on our projects (over 3 million ounces of gold). If you compare the value of these reserves and resources in the ground with our current market-cap and our strong balance sheet you will probably agree with me that Linear Gold is an undervalued company and represents an excellent investment for people who are interested in gold securities.



Linear Gold Corp.
TSX: LRR
FSE/FFM/STGT/MCHN/BER: WKN 789634
ISIN: CA53566Q1072
Shares: 32,6 Mio.
Web: http://www.lineargoldcorp.com