September
2, 2009 - Halifax, NS � Linear Metals Corporation
(TSX: LRM) is pleased to announce the results of additional
compilation of historical diamond drill results, and new Enzyme Leach soil
sampling results on its road accessible, 100 % owned, Seymour Lake
Lithium/Tantalum/Beryllium Property, located to the north of Lake Nipigon,
near Armstrong, in north-western Ontario. The project is being
reactivated in response to rising prices for elements such as lithium and
tantalum.
As
described in a press release dated August 25, 2009, the 2002 drill program
at Seymour Lake was designed to test primarily
for tantalum however, due to the highly zoned nature of rare metal
pegmatites, metals such as lithium, tantalum and beryllium are often
fractionated into discrete subzones within the pegmatite body.
Consequently, the composite assay intervals previously reported
had been optimized for their tantalum content, and not lithium. Re-examination
of these intervals, subsequent to the August 25th release, has
identified some higher grade intervals in established zones, as well as entirely
new zones of lithium mineralization, as shown in the attached table
(changes from the August 25th version are shown in bold text;
intervals not in bold have been previously reported):
Drill Hole #
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Li2O
(%)
|
Comment
|
SL-02-01
|
Primitive
Pegmatite Intersected
|
|
SL-02-02
|
45.75
|
60.00
|
14.25
|
1.735
|
|
SL-02-03
|
25.65
|
29.00
|
3.35
|
1.398
|
|
and
|
32.50
|
40.70
|
8.20
|
1.370
|
Lower Horizon
|
SL-02-04
|
25.00
|
34.20
|
9.20
|
2.386
|
|
SL-02-05
|
18.00
|
21.60
|
3.60
|
0.944
|
|
SL-02-07
|
59.00
|
59.30
|
0.30
|
0.048
|
|
SL-02-08
|
13.60
|
30.00
|
16.40
|
0.830
|
Hole Lost @ 30 m
|
incl.
|
15.60
|
25.70
|
10.10
|
1..316
|
|
SL-02-09
|
1.45
|
22.10
|
20.65
|
0.955
|
|
incl.
|
3..20
|
17.94
|
14.74
|
1..190
|
|
SL-02-10
|
51.85
|
57.05
|
5.20
|
1.578
|
Deep Horizon?
|
SL-02-12
|
6.28
|
6.50
|
0.22
|
0.034
|
|
SL-02-13
|
15.88
|
16.02
|
0.14
|
0.003
|
|
and
|
19.1
|
19.25
|
0..15
|
0..087
|
Lower Horizon
|
SL-02-14
|
2.65
|
8.35
|
5.70
|
2.212
|
|
SL-02-15
|
6..35
|
11.80
|
5..45
|
1..302
|
|
incl.
|
6.35
|
9.75
|
3.40
|
1.486
|
|
SL-02-16
|
1.70
|
9.55
|
7.85
|
1.148
|
|
SL-02-25
|
1.40
|
1.65
|
0.25
|
0.829
|
|
SL-02-26
|
1.65
|
5.05
|
3.40
|
2.484
|
|
SL-02-27
|
3.00
|
26.85
|
23.85
|
1.325
|
|
Incl.
|
3..00
|
12.00
|
9..00
|
2..059
|
|
and incl.
|
19.46
|
22.50
|
3..04
|
2..232
|
Lower
Horizon?
|
SL-02-28
|
2.30
|
14.10
|
11.80
|
1.837
|
|
incl.
|
2..30
|
12.00
|
9..70
|
2..165
|
|
SL-02-29
|
1.80
|
13.75
|
11.95
|
1.696
|
|
incl.
|
1..80
|
12.20
|
10.40
|
1..926
|
|
SL-02-30
|
2..00
|
18.90
|
16.90
|
2..081
|
|
and
|
23.30
|
27.00
|
3..70
|
1..837
|
Lower Horizon
|
SL-02-31
|
1.60
|
19.32
|
17.72
|
1.475
|
|
incl.
|
6..35
|
19.32
|
12.97
|
1..937
|
|
SL-02-32
|
No Pegmatite
Intersected
|
Hole Lost @ 95 m
|
Drill Hole #
|
From
(metres)
|
To
(metres)
|
Width
(metres)
|
Li2O
(%)
|
Comment
|
|
|
|
|
|
|
SL-02-17
|
27.75
|
28.15
|
0..40
|
0..428
|
|
and
|
30.70
|
35.05
|
4..35
|
1..460
|
Lower Horizon
|
incl.
|
30.70
|
32.50
|
1.80
|
2.389
|
|
SL-02-18
|
25.00
|
31.25
|
6.25
|
0.339
|
|
and
|
52.10
|
61.18
|
9..08
|
1..262
|
Lower Horizon
|
incl.
|
52.10
|
57.00
|
4..90
|
1..799
|
|
SL-02-19
|
2..65
|
17.15
|
14.50
|
0..304
|
|
incl.
|
4.65
|
7.65
|
3.00
|
0.357
|
|
SL-02-20
|
3..00
|
16.30
|
13.30
|
0..757
|
|
incl.
|
8.00
|
12.60
|
4.60
|
0.976
|
|
and
|
58.20
|
60.00
|
1..80
|
0..454
|
Lower Horizon
|
SL-02-21
|
2..35
|
18.64
|
10.36
|
0..648
|
|
incl.
|
2.35
|
4.50
|
2.15
|
1.368
|
|
and
|
50.82
|
52.02
|
1..20
|
0..288
|
Lower Horizon
|
SL-02-22
|
8..13
|
15.20
|
7..07
|
0..390
|
|
incl.
|
8.13
|
9.00
|
0.87
|
0.626
|
|
and
|
39.18
|
42.10
|
2..92
|
1..401
|
Lower Horizon
|
SL-02-23
|
1.95
|
5.20
|
3.25
|
0.625
|
|
incl.
|
4.00
|
5.20
|
1.20
|
1..292
|
|
SL-02-24
|
13.90
|
17.95
|
4.05
|
0.307
|
|
incl.
|
13.90
|
15.70
|
1..80
|
0..623
|
|
The most significant new developments from the
re-examination of the assay data are a significantly expanded zone of
lithium mineralization in drill hole SL02-30, on the North Aubry zone, 16.9 metres
of 2.081% Li2O, and the recognition of a new �Lower
Horizon� of mineralization, especially developed in the South Aubry, where
it carries excellent lithium intersections in several holes, e.g. SL02-18: 9.08 metres
of 1.262% Li2O, SL02-17: 4.35 metres
of 1.460% Li2O, and SL-02-22: 2.92 metres
of 1.401% Li2O. This Lower Horizon carries higher
grade and thicker mineralized intervals than the main pegmatite horizon at
South Aubry, and occurs approximately 20 metres below
it. At the North Aubry, a similar newly recognized �Lower Horizon� is
located only two to five metres below the main horizon, and in at least one
hole (SL02-27), is not separated from the main horizon, creating an overall
thicker, continuous pegmatite body with two distinct zones of high-grade
lithium mineralization. Another new zone, called the �Deep Horizon�,
was intersected in at least one hole, SL02-10, below the North Aubry;
located approximately 60
metres below the Main and Lower horizons, the hole
returned 5.2 m
of 1.578% Li2O. It should be noted that most of
the holes in the 2002 program were only drilled to a depth of 40 to 60 metres (all holes
drilled vertically), so that over much of the drill-tested area, the
pegmatite system has only been investigated very shallowly. Some of
the existing drill holes will be deepened in the upcoming exploration
program to search for extensions of the Lower and Deep horizons (see
website for table of 2002 drill holes and location maps).
The potential along strike and dip as well as at depth,
are further emphasized by a detailed Enzyme Leach soil survey conducted
during a 2008 work program (but only recently compiled and interpreted),
which covered a total area of approximately 3 kilometres x 2.5 kilometres
over the North and South Aubry zones, The survey, consisting of 644
samples (correction from August 25th release which referred to
422 samples), partially delineated a large, multi-element, circular to
ovoid �halo� or �doughnut� anomaly approximately 3 kilometres in
diameter, indicating that the sub-horizontal pegmatite body(s) may extend
over a very large area, of which only a small fraction (< 3 %) has been
drill tested (see website for lithium anomaly map), and is open to the
north, east, and south. Several very strong, multi-element, �apical�
sub-anomalies within the larger �halo� may indicate specific Lithium,
Tantalum, or Beryllium mineralized zones within the pegmatite, and are
direct, high-priority drill targets.
Excellent reproducibility of the Enzyme Leach results is
indicated by very similar anomaly patterns obtained from a limited 2002
Enzyme Leach orientation survey (130 samples) conducted by Linear over an
area of approximately 400
metres x 2500 metres. Enzyme Leach soil
geochemistry has been successfully used by Tanco exploration staff to
delineate the Bernic Lake and other mineralized pegmatites in central
Manitoba (Galeschuk & Vanstone, 2005), and by Manitoba Geological
Survey staff to delineate the Bil lithium pegmatite in northern Manitoba
(Fedikow, 2001). Anomalous values of lithium in the Enzyme Leach soils
at Seymour Lake are of the same order of magnitude above background as
those reported from Bernic Lake and the Bil pegmatite, although caution
must be used in directly comparing survey results from different areas.
The 2002 drill results indicate there are open,
sizeable, high-grade lithium (and tantalum) zones at both the North Aubry
and South Aubry occurrences. Furthermore, the 2008 soil results
indicate there remains excellent untested potential for additional
pegmatites, both stacked at depth, along strike and down dip. The
Seymour Lake property remains highly prospective for further discoveries
and a re-evaluation of data is continuing, leading to a fall 2009, detailed
exploration program, including drilling.
Brian MacEachen, Linear Metals President & CEO,
states, �The additional high grade lithium intervals identified from the
2002 drill program, as well as the large size potential indicated by the
soil samples, is extremely encouraging for the discovery of additional
mineralized zones at Seymour Lake. We are moving forward with the
fall exploration program and look forward to reporting additional results
from the first work program that will specifically target lithium
mineralization.�
Linear Metals also announces the resignation of Dr. Ken Cai from the
Company�s Board of Directors. Linear Metals wishes to thank Dr. Cai
for his dedicated service to the Company since April 2006. Linear
Metals' Board of Directors expects to announce the appointment of a new
director over the coming weeks.
Analyses for lithium were carried out on split or sawed half core at
the XRAL Laboratory, in Mississauga, Ontario, using the ICP90 technique
which has a 10 ppm detection limit Enzyme Leach soil samples
were collected by Linear personnel at standard depth and analyzed by
Activation Laboratories in Ancaster, Ontario using proprietary leachates
and an ICP-MS finish. Standard QA/QC techniques were utilized to
confirm results at the time the programs took place.
This press release was prepared under the supervision of
Peter M. Dimmell, P.Geo. who is a Qualified Person as defined under
National Instrument 43-101. Mr. Dimmell has reviewed the scientific
and technical information in this press release.
For further information,
please contact:
Linear
METALS CorpORATION
President and Chief Executive
Officer
The TSX Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
Forward-Looking
Information:
This release includes certain statements that may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address future
production, reserve potential, continuity of mineralization, exploration
drilling, exploitation activities and events or developments that the
Company expects are forward-looking statements. Although the Company
believes that the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in the forward-looking statements. The likelihood of future
mining at Seymour Lake is subject to a large number of risks and will
require achievement of a number of technical, economic and legal
objectives, including obtaining necessary mining and construction permits,
completion of pre-feasibility and final feasibility studies, preparation of
all necessary engineering for pits and processing facilities as well as
receipt of significant additional financing to fund these objectives, as
well as funding mine construction. Such funding may not be available to the
Company on acceptable terms or on any terms at all. There is no known ore
at Seymour Lake and there is no assurance that the mineralization at
Seymour Lake will ever be classified as ore. For more information on the
Company and the risk factors inherent in its business, investors should
review the Company's Annual Information Form at www.sedar.com
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