Linear Metals Reports Additional Molybdenum-Copper-Silver Mineralization and Memorandum of Understanding at KM61 Project

by NationTalk on March 4, 2008912 Views

Tuesday March 4, 2008

Toronto, Ontario – Linear Metals Corporation (TSX: LRM) is pleased to announce assay results from the last diamond drill hole of a 4,000-metre Phase I drilling program, completed in October 2007, as well as results from the first hole of the current Phase II 25,000-metre drill program, initiated in December 2007, at its 100%-owned KM61 project. A total of 16 holes were completed in the Phase I program, the first fifteen of which (K-07-14 to K-07-28) were previously reported, and all of which returned significant molybdenum-copper-silver mineralization. K-07-34 is the first hole of the ongoing Phase II program for which complete assay results have been received, with results of holes K-07-30 to K-07-33 expected shortly.Highlights from the most recent results include:

Hole K-07-29: 10.5 metres of 0.091% molybdenum; and 11.3 metres of 0.106% molybdenum;
Hole K-07-34: 114.7 metres of 0.061% (0.088% uncut) molybdenum.

The KM61 project benefits from excellent location and infrastructure. The project is located, approximately 60 kilometres east of Armstrong, Ontario, on an all-weather logging road, and only 12 kilometres by road from the main CN rail line. Linear has been active at KM61 since May 2007, completing trenching, soil sampling, IP surveying, claim staking, and sampling of old drill core. The Phase I and Phase II drill programs are designed to delineate an extensive bulk tonnage molybdenum-copper-silver resource at KM61.

Molybdenite-chalcopyrite mineralization at KM61 is hosted by two northeast-trending, quartz monzonite porphyry dyke swarms and their flanking mafic metavolcanics. These porphyries and their wall rocks are extensively stock-worked with quartz and quartz-molybdenite veins and also host significant disseminated chalcopyrite and molybdenite. At a cut-off of 0.04% molybdenum, the mineralized zone extends over the 1,250 metres and is up to 350 metres wide, flanked by zones of lower grade mineralization, at 0.01 to 0.04% molybdenum, particularly along the north margin of the zone which extends the full width to 500 metres.

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