September 7, 2011
Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce additional assay results from the ongoing drill program on the Redford Iron Ore Project located on Vancouver Island, British Columbia. Ridgemont Iron Ore Corp. (TSX.V:RDG) (“Ridgemont”) is the operator of the Project and has an option to acquire up to 75% interest in the Project. Highlights include:
* Please note that holes 1 to 3 were previously released on August 4
“Ridgemont continues to intersect consistent grade at the Redford Project,” says Seamus Young, President & CEO of Logan. “We are very pleased with the results from the underground extension of the Brynnor Pit.”
The Redford Property is host to the former producing Brynnor iron deposit. Noranda Exploration Ltd. mined the near surface portion of the iron ore body in the 1960’s and produced 4,480,940 tonnes at 56% iron. The mine was closed in 1968 at the expiration of the concentrate sales contract with Japanese steel makers; however, the underground extension of the ore body was never mined.
All the above holes tested the westernmost section of the Noranda underground development. They all intersected skarn hosted magnetite as projected from the historical work. The goal of this drill program is to outline an initial NI 43-101 iron resource.
Complete assay highlights with drill plan maps and sections are posted on the Logan website at: http://loganresources.ca/index.php/projects/redford
True widths of the reported intercepts vary depending on the angle of the individual drill holes and are estimated to be between 65% and 98% of the core interval as reported. All samples were prepared from sawn HQ-sized half-core sections on site on Vancouver Island. Split drill core samples are then sent to an independent contractor, Acme Analytical Laboratories in Vancouver, British Columbia, for analyses. The magnetic iron component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program.
Adrian Bray, P.Geo., Director of Logan and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Bray has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information disclosed in this news release. Mr. Bray has verified that the results were accurate from the official assay certificates provided to Logan.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.
LOGAN RESOURCES LTD.
On behalf of the Board
President & CEO
For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232
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