Live Precious Metals Prices

Wednesday, March 12, 2008

Linux Gold Corp. Announces Drilling Program to Commence on its Fish Creek Property in Alaska

VANCOUVER, British Columbia--(BUSINESS WIRE)--Linux Gold Corp. (OTCBB:LNXGF) wishes to announce that our joint venture partner Teryl Resources Corp. (TSX Venture Exchange: TRC, Pink Sheet Symbol: TRYLF) is currently arranging a drill program on the Fish Creek claims in Alaska to test several gold geophysical anomalies and placer targets. The geophysical survey was completed by Fugro Airborne Survey, Inc. under contract to Fairbanks Gold Mining/Kinross Gold, which has identified six main gold targets on the Fish Creek prospect. The Fish Creek claims are adjacent to Teryl’s Gil joint venture claims with Kinross Gold Corp. The Gil joint venture claims are located near the Fort Knox mill, which is the largest producing gold mine in Alaska. Teryl is anticipating an exploration program this year on the Gil joint venture subject to an approved budget. The Fish Creek claims are joint ventured with Linux Gold Corp. wherein Teryl can earn a 50% interest by expending $500,000. Linux Gold Corp. can back-in for a 25% interest in the Fish Creek property after the expenditures of $500,000 are made by Teryl Resources Corp.

Source: Press Release

No comments: