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Linear Gold accelerates drilling program at Ixhuatan

Bnamericas
Halifax, Nova Scotia-based Linear Gold (TSX: LRR) plans to accelerate its drilling program at the Campamento zone of its Ixhuatan project in southern Mexico after reporting further significant drill results there, company CFO Brian McEachen told BNamericas. The latest assays from Campamento include 44m grading 12.4g/t gold and 36g/t silver, along with 22m of 9.2g/t gold and 40.1g/t silver. Commenting on the results, McEachen said the company is "thrilled" with the results and optimistic that it could develop a mine on the property in the future. The company now hopes to expand its drilling program quickly at Campamento and is looking at carrying out a scoping study at the zone in the coming months. "We're trying to locate a third drill at the moment and we're moving to a 24-hour drilling schedule, so basically the plan is to accelerate the rate of drilling and exploration in the zone," he said. All the drilling so far has consisted of relatively shallow surface drilling that has so far proved very successful, McEachen added. "We've only drilled to about 150m for the most part. We may consider drilling deeper later on but we're having a fair bit of success at this rate so for now we'll continue to try to define the area of mineralization and expand it," he said. Linear acquired Ixhuatan and a number of other gold and base metal concessions from Australia's MIM in October 2003, when MIM was taken over by Swiss miner Xstrata (LSE: XTA). In January 2004, Linear began drilling at Ixhuatan and in June reported its first drill hole result from the Campamento zone, a 30m intersection grading 11.5g/t of gold, including 20m grading 16.7g/t gold. Following on from this result, Campamento became the focus of Linear's focus at Ixhuatan.

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