Linear Metals Corporation

Published : February 09th, 2008

To Begin Trading on the Toronto Stock Exchange And Commences Drilling at Ecatepec Proj

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Linear Metals Corporation (TSX-V: LRM) is pleased to announce that its common shares will begin trading on the Toronto Stock Exchange (“TSX”) effective at the market opening on Monday February 11, 2008. Linear Metals’ common shares will be delisted from the TSX Venture Exchange concurrent with the commencement of trading on the TSX and will continue to trade under the current stock symbol, ‘LRM’.

Graduation to the TSX represents an important milestone in Linear Metals’ development and one of the Company’s many objectives in an aggressive 2008 growth strategy.   During 2008, Linear Metals also plans to complete 43-101 compliant resource estimates on its two flagship properties, the Cobre Grande copper-molybdenum-zinc-silver discovery, in Oaxaca, Mexico, and the KM61 molybdenum-copper-silver discovery, in Armstrong, Ontario. The Company is committed to maximizing shareholder value through the environmentally and socially responsible acquisition, exploration, and development of mineral properties demonstrating the potential to host economic ore deposits. 

Linear Metals’ President, Brian MacEachen commented “We expect that the TSX listing will provide increased liquidity in Linear Metals’ shares and attract a larger institutional following as the Company aggressively advances the Cobre Grande and KM61 copper-molybdenum discoveries located in Mexico and Ontario, respectively. We are committed to increasing shareholder value through the execution of our very aggressive 2008 work program.”

Linear Metals is also pleased to announce that drilling is set to begin at its Ecatepec Project located 120 kilometres southwest of Oaxaca City, Oaxaca. The Ecatepec Property covers the contact of a granodiorite stock with Cretacous-aged limestones and shales.  Polymetallic mineralization occurs in skarns replacing limestone along the intrusive contact and in mantos formed along limestone-shale contacts. The project area was mapped, soil sampled, and surveyed with 20 line kilometers of IP in 2007. 

 

The main anomaly, to be tested during the nine-hole 1,000 metre reverse circulation drill program, is 700 metres long north-south and 600 metres wide. Zinc is the most anomalous metal across this target area with values between 0.02% and 0.30%. Copper and silver are also strongly anomalous (to 0.39% and 30 grams per tonne respectively) only not as continuously as zinc. The composite IP anomaly (made up of more than one chargeable body) appears to have a shallow source with the deepest holes projected to go to only 200 metres. 

 

The Ecatepec Project is comprised of two claims, La Valencia and La Valencia Dos, which together total 500 hectares. La Valencia is held under a five-year option agreement signed in October 2006 with the community of Santa Maria de Ecatepec. Total payments over the life of the option are US$1,260,000 with the community retaining a 1.8% NSR. La Valencia Dos is held under a second option, also with the community of Santa Maria de Ecatepec, but signed a year later in October 2007. The payment totals for La Valencia Dos are US$1,265,000 over a four-year period with the community retaining a 2% NSR. Additionally, Linear Metals has a surface use agreement with Santa Maria de Ecatepec which calls for monthly payments, made towards scholarships and support of the elderly, totaling US$4,000 per month.   

     

This press release was prepared under the supervision of Linear Metals’ Vice President of Exploration, Dr. Robert Page, P. Geo., who is a Qualified Person as defined under National Instrument 43-101. Dr. Page has reviewed the scientific and technical information in this press release.

For further details on Linear Metals Corporation and its Cobre Grande,KM61 and Ecatepec Projects, please visit the Company's website at www.linearmetals.com or contact investor relations at (416) 216-4708 or within North America toll free at [1-866-376-7383].

Signed “Brian MacEachen

Brian MacEachen

President

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

Linear Metals Corporation

EXPLORATION STAGE
CODE : LRM.TO
ISIN : CA8613081048
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Linear Metals is a silver and gold exploration company based in Canada.

Linear Metals holds various exploration projects in Canada and in Mexico.

Its main exploration properties are LA MORENA and COBRE GRANDE in Mexico and SEYMOUR LAKE and KM61 in Canada.

Linear Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.2 millions as of today (US$ 3.1 millions, € 2.4 millions).

Its stock quote reached its highest recent level on January 18, 2008 at CA$ 1.14, and its lowest recent point on May 22, 2013 at CA$ 0.04.

Linear Metals has 80 331 000 shares outstanding.

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Financings of Linear Metals Corporation
2/11/2011Announces $1,000,000 Private Placement
8/4/2009Announces Completion of Private Placement
7/22/2009Announces $900,000 Private Placement
Option Grants of Linear Metals Corporation
8/9/2011Retains Alliance Advisors as US Investor Relations Consultan...
Nominations of Linear Metals Corporation
3/26/2008Appoints Dr. James W. Gill as Director
12/11/2007Announces New Appointments
Project news of Linear Metals Corporation
5/10/2011Provides An Update On Its Nyanza Project Exploration Program...
3/31/2011(Seymour Lake)Agrees to Option Agreement on Seymour Lake Project
2/9/2011Signs Option Agreement To Acquire Large Gold And Base Metal ...
1/7/2010Additional High Grade Drill Results
10/7/2009(Seymour Lake)Provides An Update on the Seymouth Lake Lithium Project
9/10/2009(Seymour Lake)Reports Additional Beryllium And Tantalum Results Compiled F...
7/24/2009(Cobre Grande)Provides Update onCobre Grande Purchase Option
12/9/2008(Km61)Reports 43-101 Mineral Resources at KM61 Project
11/24/2008(Km61)Reports Positive Metallurgical Results and Significant Deep ...
9/24/2008(Km61)Deep Holes at Linear Metals KM61 Project Show Molybdenum Min...
9/3/2008(Km61)Encounters Strong Molybdenum Mineralization in Offsets to Hi...
8/20/2008(Cobre Grande)Extends Copper-Molybdenum Mineralization in El Oso Zone at C...
7/23/2008(Km61)Intersects Longest Molybdenum-Copper-Silver Intervals to Dat...
7/2/2008(Km61)Continues to Intersect Long Intervals of Molybdenum-Copper-S...
6/18/2008(Cobre Grande)Intersects High Grade Copper-Silver in Northwest Skarn at Co...
5/15/2008(Km61)Intersects High-Grade Molybdenum in the Main Zone at KM61 Pr...
5/13/2008(Cobre Grande)Announces New Discovery at Cobre Grande Copper-Molybdenum Si...
5/9/2008(Km61)Connects Mineralization Across the Main Zone and Makes a New...
3/5/2008(Km61)Reports Additional Molybdenum-Copper-Silver Mineralization a...
2/12/2008(Km61)Continues to Intersect Wide Intervals of Molybdenum-Copper-S...
2/1/2008(Cobre Grande)Extends Mineralization by 200 Metres and Intersects New Zinc...
10/4/2007Drilling Intersects Significant Mo-Cu-Ag Mineralization
Corporate news of Linear Metals Corporation
4/24/2012Announcement
1/9/2012Reports Gold Mineralization in Kamwango Core Samples-Assays ...
11/28/2011Kenyan Partners of Linear Metals and African Queen Mines Set...
8/22/2011Increases Nyanza Gold and Base Metal Property Portfolio by 6...
7/6/2011Commences Drilling on Its Nyanza Project in Kenya
9/3/2009Additional Results Announced From Linear
8/25/2009Reactivates Seymour Lake Lithium/Tantalum/Beryllium Project
2/9/2008To Begin Trading on the Toronto Stock Exchange And Commences...
1/11/2008Plans Aggressive 2008 Work Programs
12/18/2007ACQUISITION OF SHARES OF LINEAR METALS CORPORATION
11/9/2007Mineralization Extended Over One Kilometre at LinearMetals?C...
8/16/2007Sampling of Historic Core at Linear Metals' KM61 Project Inc...
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