Linear Gold (LRR-T) has cut significant gold at its Ixhuatan project, 5 km east of Rayon in northern Chiapas state, Mexico.
Drilling is highlighted by hole 56B, which cut 356 metres grading 1.3 grams gold and 4.6 grams silver per tonne beginning at a downhole depth of 8 metres. The true width is estimated to be 60-70 metres.
Included in this zone are two areas of higher grade: 2.8 grams gold and 11.9 grams silver per tonne from 160-192 metres downhole; and 3.1 grams gold and 5.8 grams silver from 300-364 metres downhole. The latter interval also included 32 metres grading as high as 4.9 grams gold and 6.5 grams silver per tonne.
The company is still working out the geometry of the deposit. A couple of holes cut mineralization at oblique angles of about 45 and true width is significantly less than the downhole length.
Hole 66 cut 192 metres grading 1.2 grams gold and 4.5 grams silver. True width in this case is estimated at 35-40 metres. A 16-metre downhole-intercept within this interval graded 2.3 grams gold and 5.6 grams silver.
Another hole intersected three intervals grading 1.1-1.8 grams gold and 4.3-6.1 grams silver over four to thirty-metre-widths from 44-176 metres downhole.
Hole 62 cut anomalous gold and silver, up to 0.2 gram gold and 1.7 grams silver per tonne, and hole 63 failed to cut significant grades.
Mineralization is hosted by a northeast-trending, sub-vertically dipping, fault zone. Calcite-quartz-clay stockwork veinlets crosscut brecciated andesite.
Drilling to date indicates the structure is up to 120 metres wide and has a strike length of at least 200 metres.
The company has picked up more ground to the west, north and south, more than tripling the size of the project area, which now stands at 980 sq. km.
Assays are pending for four holes.
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