This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Linux Gold Corp. Completes Assessment And Rental Fees For 2011


FAIRBANKS, Alaska, Dec. 7, 2011 /PRNewswire/ --  Linux Gold Corp. (LNXGF-OTCBB) completes rental fees and assessment on the following claims in Alaska:

Trout Property - Comprised of claims covering several blocks in the Livengood-Tolovana Mining District near International Tower Hill (ITH.V).  The International Tower Hill property is proving to be a major gold discovery with a reported 12 million oz. gold indicated and inferred.  Linux is preparing a drill program on Trout for Spring 2012.  Assays pending on an exploration program for 2011.

Dime Creek - On the eastern Seward Peninsula of Alaska, Linux Gold Corp. owns a 100% interest in a strip of 12 contiguous State of Alaska mining claims.  Both have placer and Lode potential.

Fish Creek (50-50 JV Property) - Linux Gold Corp. holds a 50% interest in 30 mineral claims known as the Fish Creek Prospect situated 20 miles northeast of Fairbanks.  The 50% interest is optioned to Teryl Resources Corp. (TRC.V), wherein after $400,000 is spent, Linux can backin for a 25% interest or keep a 5% net profit interest.  Furgo Airborne Survey, Inc. has identified six main gold targets on the site and Linux is considering a low-cost placer mining operation.  An exploration program is planned in 2012.


Linux Gold Corp. symbol LNXGF is involved with exploration of mineral properties areas of Alaska known for finding gold and other precious metals.  It's strategy is to focus on prospective areas that have the geology to become producing mines.  The Company currently plans to explore and drill their promising gold and platinum properties: Trout Property (Gold Prospect) near the Livengood, Tovovana mining district, Dime Creek (Gold and Platinum Property) near Granite Mountain, and the Fish Creek (Gold Prospect), both near major Gold deposits and basic metal properties.

For more information please visit


1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs