Dated: October 4, 2011
Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce the commencement of the 2011 exploration program on the Chuchi Property located in central British Columbia, Canada. The $350,000 program consists of linecutting, soil geochemistry surveys, geological mapping, and prospecting. This work will be followed by an induced polarization (IP) survey aimed at identifying additional areas of potential mineralization. Equity Exploration Consultants Ltd will provide management services on this exploration program.
The Chuchi Property is a porphyry copper-gold target in the prolific Quesnel Trough Porphyry Belt in central British Columbia, Canada. The property encompasses 6,436 hectares and is located approximately 200 kilometres (km) northwest of the city of Prince George.
Additional information on the Chuchi Property can be found on the Logan website at: http://www.loganresources.ca/index.php/projects/chuchi.
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.
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.
About Equity Exploration Consultants Ltd.
Equity Exploration Consultants Ltd. is a private, Canadian company focused on providing high quality consulting and project management services to the mineral exploration industry. The company’s core strength is its full-time staff of 14 expert geologists and support team members, in addition to a wide network of associates, who have worked to maximize exploration success for its clients since 1987.
LOGAN RESOURCES LTD.
On behalf of the Board
President & CEO
For further information regarding this press release, please contact:
LOGAN RESOURCES LTD.
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x232
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the exploration program on, and exploration potential of, the Chuchi Property are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.