LINUX GOLD CORP. (OTC BB:LNXGF)
FOLLOW-UP N° 5/October 18, 2005
Home page of Linux
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EXPLORING FOR GOLD AND SILVER IN ALASKA, BRITISH COLUMBIA AND CHINA
Business Summary
- Over the past few years, Linux has acquired 5 exploration properties near areas that have produced billions of dollars worth of minerals in the past, or have billions of dollars worth of reserve at the present. Potential to locate gold / silver / platinum / zinc / copper / molybdenum / tin / lead / and uranium.
- Alaska - the new Granite Mountain project has a 2 mile mineralized zone with favorable discovery potential upon project funding. The land mass is 37 square miles in a proven area of exploration success.
- China - Ability to bring the property into production within a short period of time upon successfully proving-up ore content and funding for mill upgrade. Ample land space available to increase the size and output of the mill if economically feasible
- Alaska - Possibility to bring on stream a low-cost placer mining operation on the Fish Creek property and to joint venture with Kinross Gold.
- Canada - Potential to capitalize on "bonanza" type drill results at the TY & ORO property British Columbia, Canada. Possible gold production joint venture with Bralorne-Pioneer (www.bralorne.com) who recently brought on stream a 450-ton per day processing facility.
- Strong potential to locate mineral reserves on all properties upon project funding.
Alaska Granite Mountain Project
Fish Creek Property - ALASKA
The Fish Creek Claims are situated 20 air miles northeast of Fairbanks, Alaska and are accessible by road north along the Steese Highway to the Fairbanks Creek Road and thereafter on the Fish Creek gravel road. From the end of the road it is a one mile walk to the western boundary of the Fish Creek Claims. By the end of 1993 a road extension constructed by Amax Gold Inc. ("Amax") through the 26.7 mile turn-off point to the Polar Mining operation extended to within 100 yards of the southwestern claim boundary. Swampy conditions prelude vehicular passage over the claim area. The Fish Creek Claims are adjacent to the Gil Joint Venture Claims with Kinross Gold ("Kinross") and Teryl and is six miles from the Kinross Fort Knox Mine, now producing over 1,000 ounces of gold per day.and alluvial gold deposits. There is a possibility for a low-cost placer mining operation.
TY Gold Property - CANADA
Linux has a 100% interest in 21 units in the Bralorne/Lillooet mining division in British Columbia called the TY Gold Property. The TY Gold Property is adjacent to the company's ORO Property and is located 12 miles from the Bralorne Pioneer Gold Mine, which since its discovery, has produced 4.1 million ounces of gold worth some $1.5 billion at today's gold prices. Linux Gold Corp. now has a total of 41 units in the Bralorne area.
Previous drilling completed on the TY Gold Property on the Beta zone encountered values up to 5 feet of 5.86 oz/ton silver and 1.129 oz ton gold. Additional drilling has been recommended by Sampson Engineering Inc. to further explore the Beta zone.
ORO Property - CANADA
Linux has a 100% interest in 20 mineral claim units called the ORO property in the Bralorne/Lillooet mining division, British Columbia. The ORO property is located 12 miles from the Bralorne Pioneer Gold Mine, which was one of the richest producing gold mines in Western Canada. Several EM-VLF conductive zones have been located on the ORO property. The magnetic survey shows the entire property is underlain with sediments and volcanics, which are important geologic structures for the placement of gold bearing quartz veins.
BO LUO NUO, CHINA
In the second quarter 2003, the company acquired 100% interests in two gold prospects located in the Lillooet Mining Division, British Columbia. The adjacent TY and ORO properties are located within 6 miles of the Bralorne Pioneer Gold Mine, among one of the richest gold mines in Western Canada, which since its discovery has produced some 4.1 million ounces of gold.
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Recent News: Hebei Province, People's Republic of China, Gold & Silver Prospect Progress Report
Linux Gold Corp. has announced assay results indicating high grade gold and silver on the Tuo Dao Gou gold zone of the company's Bo Luo Nuo property in China. On April 1, 2004 the Tuo Dao Gou gold zone reported 5.5 ounces of gold per ton with 9 ounces of silver, according to analysis by Acme Analytical Laboratories.
The visit to the Hebei Province was supervised by Geologist Jim Yin, Ph.D., on behalf of the company. Dr. Yin directed the sampling of the major known gold zones and platinum, palladium properties. A total of 118 samples was collected from 12 different known gold zones for gold and silver and
32 samples were collected from the platinum, palladium deposit.
Assays are currently being completed by the Beijing General Research Institute of Mining and Metallurgy. The next exploration stage recommended by Dr. Yin is that of the higher grade gold zones, after receipt of the assays, in order to provide sufficient ore to feed the existing mill on the property.
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Fundamental Considerations
Linux is moving forward on several fronts.
- Over the past few years have acquired 5 exploration properties near areas that have produced billions of dollars worth of minerals in the past, or have billions of dollars worth of reserve at the present. Potential to locate gold / silver / platinum / zinc / copper / molybdenum / tin / lead / and uranium.
- Alaska - the new Granite Mountain project has a 2 mile mineralized zone with favorable discovery potential upon project funding. The land mass is 37 square miles in a proven area of exploration success.
- Alaska - Possibility to bring on stream a low-cost placer mining operation on the Fish Creek property and to joint venture with Kinross Gold.
- Canada - Potential to capitalize on "bonanza" type drill results at the TY & ORO property British Columbia, Canada. Possible gold production joint venture with Bralorne-Pioneer (www.bralorne.com) whom recently brought on stream a 450-ton per day processing facility.
- China - Ability to bring the property into production within a short period of time upon successfully proving-up ore content and funding for mill upgrade. Ample land space available to increase the size and output of the mill if economically feasible.
- Strong potential to locate mineral reserves on all properties upon project funding.
Linux is an early stage speculation, for which reason the shares should only be bought by those who are keen on such high risk investments.
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Technical Considerations
The gold price remains in a solid up-trend and is pushing towards the resistance zone at $ 500.
A HIGH RISK, BUT POSSIBLY A HIGH REWARD SPECULATION!
Peter Zihlmann
www.pzim.com
investment@pzim.com
forex@pzim.com
October 19, 2005
Disclosure: The author has not been paid to write this article, nor has he
received any other inducement to do so. The author is a shareholder in the
company and will benefit from any increase in the company's share price.
Disclaimer: The author's objective in writing this article is to invoke an
interest on the part of potential investors in this stock to the point where
they are encouraged to conduct their own further diligent research. Neither
the information, nor the opinions expressed should be construed as a
solicitation to buy or sell this stock. Investors are recommended to obtain
the advice of a qualified investment advisor before entering into any transactions
in the stock.
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