Linear Gold Mexico, a unit of
Hole 24, drilled 125 metres north of the southern boundary of the property, cut 132 metres grading 1% copper and 20.7 grams silver per tonne at a down-hole depth of 122 metres. The same interval also graded 0.03% molybdenum sulphide and 0.3% zinc. Just over 600 metres north of this hole, hole 22 hit 66 metres grading 0.6% copper and 23 grams silver per tonne, with moly and zinc grades similar to encountered in hole 24.
About 350 metres north-northeast of hole 22, hole 18 intersected 22 metres grading 3.3% zinc. Sixteen metres of this intercept were included in a 46-metre intercept that graded 0.7% copper, 1.4% zinc, and 23.4 grams silver.
A molybdenum-enriched zone was intersected in a hole about 125 metres west of hole 18; it graded 0.15% molybdenum sulphide over 80 metres beginning at 118 metres down-hole.
Results from eight core holes and six reverse-circulation holes have been released. These are part of a planned 17-hole program.
Most of the drilling occurred along a 1.25-km north-northeast-trending section of skarn. The skarn is about 100-250 metres thick in this area. Seven holes cut a sulphide copper zone 12-174 metres wide grading 0.1-1% copper. Five holes hit oxide copper grading 0.3-1.3% copper over 8-32 metres; two of these also contained 1-2% zinc over 12-22 metres. Three holes bottomed in a moly zone grading 0.06-0.1% molybdenum sulphide over a width of at least 30-46 metres. Several holes cut multiple zones.
Skarn-style mineralization is associated with granodiorite that intruded Cretaceous-aged limestone. A central copper zone is bounded by a molybdenum-enriched zone to the west and zinc-enrichment to the east. The copper zone has been intersected over a 550-by-150-metre area and is open to the south.
Sulphides include chalcopyrite, sphalerite (locally associated with silver and gold mineralization), pyrrhotite, pyrite, molybdenite and galena.
The 63-sq.-km property comprises four exploration concessions under option from the community of San Baltazar Guelavila. After five years (during which Linear must make annual payments ranging from US$25,000 to US$80,000), the community will have the choice of a buyout, a 2% net smelter return, or a 15% participation in the project.
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