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Linux Gold Corp. Receives Extensive Data on the Dime Creek, Alaska Gold/Platinum Property
Thursday, November 05, 2009 9:52 AM


(Source: MARKETWIRE)trackingLinux Gold Corp. (OTCBB: LNXGF), is pleased to announce that it has completed an extensive data compilation for their Dime Creek, Alaska gold-platinum property. The data compilation, produced by Thomas K. Bundtzen ("Bundtzen") of Pacific Rim Geological Consulting, Inc., is to be used to facilitate future lode and placer exploration programs on the property. Bundtzen managed and designed the exploration programs that took place in the 1990s, 2000, and 2001.

The compilation from Dime Creek and nearby gold-bearing stream basins included:

1/ Detailed microprobe analyses of placer platinum and gold recovered from six locations;

2/ Mineralogical analysis of bulk heavy mineral concentrate samples (17 samples);

3/ Rock chip sample program (33 samples);

4/ Detailed motorized auger soil sample program (404 samples);

5/ Ground magnetic survey.

6/ An extensive review of past mineral production and mine activity records from U.S. Geological Survey, the Alaska Territorial Department of Mines, the U.S. Bureau of Mines, and mint return records as found in unpublished Archival records.

Highlights of the overall data analysis are summarized:

- Dime Creek has historically produced an estimated 68,464 ounces of gold and 198 ounces of byproduct platinum. Dime Creek has not been systematically mined with modern mechanized techniques.

- Multiple bench and modern stream gold-platinum placers occur on the Linux property.

- The second tier and higher benches in upper Dime Creek valley are interpreted by Bundtzen to be ancestral marine strandline (beach) gold-platinum placer deposits similar to the placers exploited both onshore and offshore at Cape Nome. This suggests that marine deposits should be explored for gold and PGE along strike for several kilometers.

- Microprobe analysis of the platinum mineralization indicates a rhodium-enriched type of isoferroplatinum that averages 88.59 percent platinum, 8.98 percent iron, about 1.0 percent rhodium, and only minor amounts of other PGE metals. When combined with accompanying gangue mineral identifications; i.e., chrome-rich diopside, the lode source is probably a Ural-Alaska intrusion complex.

- The gold in Dime creek is of exceptionally high fineness, averaging about 960 fine (or 96% gold), even exceeding average high fineness placer gold found in Alaska. It contains traces of quartz, muscovite, and feldspar which suggest an origin in granitic rocks.

- Soils collected during a detailed soil survey on two bench levels of Dime Creek contained up to 160 ppb gold, 174 ppb platinum, and 144 ppb palladium as well as threshold levels of copper, chromium, and nickel.



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