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Dec. 7, 2011 /PRNewswire/ --
Linux Gold Corp. (LNXGF-OTCBB) completes rental fees and assessment on the following claims in
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.
ABOUT LINUX GOLD CORP.
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.
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ON BEHALF OF THE BOARD OF DIRECTORS