Linear Gold Corp (TSX: LRR) has received notice from Kinross Gold Corporation that they will not exercise the option to acquire an initial 60% interest in the Ixhuatan Project. This enables Linear to maintain is 100% interest in the project. The project covers over 98,000 hectares in Mexico which includes the Campamento Gold Deposit. The Campamento Gold Deposit is a high grade, gold/silver deposit located at or near surface.
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Linear Gold Corp. is a development-stage mineral exploration and development company. As of March 31, 2009, the Company was in the process of exploring its mineral properties. The Company has a 100% interest in the Ixhuatan Project (Ixhuatan), covering an area of approximately 98,000 hectares in the state of Chiapas.
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