Linux Gold Corp., is pleased to announce that it has signed a teaming agreement with Kenn Roberts , of Marfa, Texas to produce gold from a unique placer mining technology.
Linux Gold Corp. has a 45 day option and agrees to pay US$1,000 for the teaming agreement. The teaming agreement is earned by Linux Gold Corp. funding the gold extraction technology for a cost of US$32,000.
Linux Gold will earn a dividend amount of 50% and Kenn Roberts will earn a 50% interest after funding is no longer required. In the initial stage, 20% of all gold recovered will be allocated to Linux Gold as to 10% and Kenn Roberts as to 10%, until the operational funding is no longer required. The parties will then revert to a 50% net profit for Linux Gold Corp. and 50% to Kenn Roberts .
Linux Gold Corp. plans to use this placer process initially on the Dime Creek gold and platinum claims. The Dime Creek property has been a former producer of gold and platinum from the previous placer operation.
Placer and Lode drilling is also planned on the property to evaluate the Placer and Platinum targets, as recommended by Tom Buntzen , professional geologist.