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Re: Property News - Monday, November 16, 2009
Logan Resources Results From Preliminary Ground Magnetic Survey
on Brynnor Iron Prospect
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Vancouver, BC, November 16, 2009 - Logan Resources Ltd. (TSXV:LGR) (the "Company") today announced that it has completed an evaluation of the data from a ground magnetic orientation survey conducted October 4-8, 2009 on its Brynnor iron prospect, Redford Property, Vancouver Island. The purpose of this initial survey was to outline potential extensions to known iron mineralization. The survey was carried out principally along access roads (see map at www.loganresources.ca).
The magnetic data from this survey gave rise to a very strong and definite response. A mineralized zone 500 metres in length by 100 metres wide was outlined, including the known mineralization that remains from the mining operations of Noranda in the 1960's.
Due to the positive results from the survey, the Company plans to redo the survey over a regularly spaced grid and expand the survey. Results from the magnetic survey will be used as a guide to future diamond drilling.
Paul Reynolds, P. Geo., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD
"Seamus Young"
Seamus Young
President and CEO
For Further Information Please Contact:
Earl Hope, Investor Relations, 604-689-0299 x 232
Seamus Young, President and CEO, 604-689-0299 x223
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.
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Copyright (c) 2009 LOGAN RESOURCES LTD. (LGR) All rights reserved.
For more information visit our website at http://www.loganresources.ca/
or send mailto:info@loganresources.ca
Message sent on Mon Nov 16, 2009 at 6:00:00 AM Pacific Time
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Logan Resources Ltd
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CODE : LGR.V |
ISIN : CA5410953031 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Logan Resources est une société d’exploration minière d'argent et d'or basée au Canada. Logan Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont CHEYENNE, CASSIAR PLATEAU et HEIDI au Canada. Logan Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,6 millions CA$ (2,0 millions US$, 1,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 septembre 2000 à 9,60 CA$, et son plus bas niveau récent le 19 février 2016 à 0,03 CA$. Logan Resources possède 42 740 000 actions en circulation. |