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Placer Mine possibly going in
Linux Gold Corp. Completes Assessment and Rental Fees for 2011
2 hours ago by PR Newswire
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.
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