Linear Metals – Advancing Two Copper-Molybdenum Discoveries

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Fri, Aug 1, 2008
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Post by Mike Rodger, Copper Reporter

Overview

Delivering Initial Resource Estimates on Two Properties in 2008, Linear Metals is an aggressive junior explorer focused on molybdenum, copper, silver and zinc projects in Canada and Mexico. Exploration is focused on projects that have the potential to deliver large-scale success.
Key points:

  • Success = Linear Metals 4 “P’s”
  • Properties:
    • Two significant copper-molybdenum discoveries
    • Excellent locations
  • People:
    • Experienced, results driven corporate and technical team
  • Plans:
    • Aggressive Exploration – Cobre Grande & KM 61
    • Resource estimates – Cobre Grande & KM 61
    • Scoping Studies – Cobre Grande & KM 61
  • Profits:
    • Maximize shareholder value – manage dilution

    Chief Properties

    Cobre Grande

    Project highlights
    • Metals: Copper, Molybdenum, Silver, Zinc
    • Resource: 49.8 Million Tonnes @ 0.92% CuEq
    • Processes: Open Pit; Standard Flotation
    • Recoveries: Copper Skarn – 95% Copper & 83% Silver Molybdenum Stockwork – 90% Molybdenum
    • Products: Copper Conc., Molybdenum Conc., Zinc Conc.
    • Ownership: Options to acquire up to 100%
    • 43-101 Compliant Resource Estimate – May 2008
    • Drilling to Expand Main Zone of Cu-Mo-Zn-Ag Mineralization
    • Drill Test Significant Satellite Targets to Make New Discovery
    • Scoping Study Initiated in Q4-2008

    KM61

    Project highlights
    • Metals: Molybdenum, Copper, Silver
    • Resource: Initial 43-101 Compliant Resource Q4-2008
    • Processes: Open pit; Standard Flotation
    • Recoveries: Metallurgical Testing in Progress
    • Products: Molybdenum Conc., Copper Conc.
    • Ownership: 100%
    • Aggressive 25,000 Metre Step-out and In-fill Drilling
    • Evaluation of Full Claim Block
    • Metallurgical & Environmental Baseline Studies – Q2
    • Completion of 43-101 Compliant Resource Estimate in Q4
    • KM61 Initiation of Scoping Study in Q4

    Management

    • Wade K. Dawe – Chairman

      Wade K. Dawe is Chairman Linear Metals Corporation and President and Chief Executive Officer of Linear Gold Corp. Mr. Dawe has been an entrepreneur in Canadian mining and venture capital industries since 1994. With extensive contacts in the business and investment banking communities, he has worked and consulted for a number of successful publicly traded Canadian companies. Since 2004, he has raised over $100 million in equity financing. He is a founding shareholder and board member of TSX Venture listed Keeper Resources Inc., a Calgary-based producer of oil and gas, and also serves on the Board of ImmunoVaccine Technologies Inc. Mr. Dawe has a Bachelor of Commerce degree from Memorial University of Newfoundland (MUN) 1992. A native of Newfoundland and Labrador, he now resides in Halifax, Nova Scotia.

    • Brian MacEachen – President and Chief Executive Officer

      Brian MacEachen is President and Chief Executive Officer of Linear Metals Corporation. A Chartered Accountant with more than 20 years of experience in overseeing the financial management of publicly-traded companies, Mr. MacEachen’s involvement in the mining industry has spanned over 18 years.

      Brian MacEachen has served as the Vice-President and Chief Financial Officer of Linear Gold Corp. and Linear Metals Corporation since January 2004 and June 2006, respectively. Prior to this, his experience includes senior positions with Franco-Nevada Mining Corporation and Aur Resources Inc. Brian worked with a team that successfully advanced exploration stage projects through to commercial production with involvement in directing the feasibility, engineering, project financing and construction related to the advancement of projects in both North America, and South America.

      While Treasurer with Franco-Nevada Mining Corporation Limited from 1998 to 1999, he was involved in the management of Franco-Nevada’s and its sister company’s (Euro-Nevada) mining royalties and operations throughout the world. Serving as Treasurer of Aur Resources Inc. from 1990 to 1998, he was part of a team that successfully developed and operated the world-class Louvicourt Mine in north-western Quebec and the Andacollo mine in north-central Chile. He has been a director of Avalon Ventures Ltd. since 1998 and Ucore Uranium Inc. since 2005.

      A native of Ontario, Mr. MacEachen earned his Bachelor of Business Administration from St. Francis Xavier University and resides in Halifax, Nova Scotia.

    • Robert Page – Vice President of Exploration

      Dr. Robert (Bob) Page joined Linear Metals Corporation as a recognized expert on hydrothermal ore deposits including porphyry copper, base and precious metal skarns, carbonate hosted polymetallic deposits, and volcanic hosted epithermal gold deposits.
      Dr. Page has 30 years of international exploration experience. Most recently, he was Chief Geologist – Copper for Noranda Inc./Falconbridge Limited.
      Dr. Page is fluent in Spanish and his international experience includes work in Mexico, USA, China, Mongolia, Turkey and Ireland, including all stages of exploration from project generation through feasibility studies.

    • Keith Abriel – Vice President and Chief Financial Officer

      Keith Abriel is a Chartered Accountant and a CFA charterholder with more than 12 years experience in financial management and reporting, corporate finance, treasury, strategic planning, and human resources in a broad range of sectors, including the resource sector.
      Prior to joining Linear, Mr. Abriel spent 9 years with PricewaterhouseCoopers LLP, where he was responsible for the delivery of various assurance, taxation and corporate finance services to a diverse portfolio of both public and private entities, including a number of successful Initial Public Offerings.
      Mr. Abriel worked with J.D. Irving, Limited’s Treasury Department from 2002 to 2004 and was responsible for a broad range of financial reporting, strategic planning and corporate treasury functions. While with PricewaterhouseCoopers LLP, in 1999, Mr. Abriel transferred to the Cayman Islands office and worked for 3 years in the financial services sector, including a contract with UBS AG.
      Mr. Abriel has a Bachelor of Commerce degree from Saint Mary’s University and resides in Halifax, Nova Scotia.

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Shares Issued:
Warrants:
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Stock Exchange:
38.0 Million
5.2 million
3.2 million
LRM – TSXV

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