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 November 26, 2008
Logan Resources Initial Drilling Results Confirm Historic Results on Brynnor Iron Project, Vancouver Island

 

Vancouver, B.C. - November 26, 2008 - Logan Resources Ltd. (TSXV:LGR)
(the "Company") is pleased to announce that initial drilling results have confirmed historic Noranda surface drilling in the area.  The initial four drill holes (totaling 1,100 metres) were sited to test an area where Noranda had completed four surface holes in the 1960's.  Logan's four holes averaged 50.4% iron over an average vertical width of 55.8 metres versus the historic Noranda holes which averaged 53.5% over an average vertical width of 52.2 metres.

 

The precise location of the historic holes could not be determined on surface; therefore the Logan holes were located relative to local geographic references, coupled with the estimated position of the historic mine grid.  Logan considers the hole collars to be within +/- 10 metres of the historic Noranda holes.

 

The differences in grade and width are not considered significant as there are erratic and rapid variations in the amount of internal waste within the massive magnetite mineralization.  Logan's recently published resource estimate, based upon surface and underground drilling by Noranda, determined measured plus indicated mineral resources of approximately 7 million tonnes grading 51.3% iron and inferred resources of approximately 18.6 million tonnes grading 51.4% iron.

 

Three drills are currently operating with 16 holes totaling approximately 5200 metres still to be completed.  The objective of these holes is to upgrade all or a portion of the current indicated and inferred resources to the measured and indicated resource categories respectively and to increase the inferred category at depth and along strike from the known mineralization.

 

Mr. Peter George, P.Geo., as a consultant to the Company, is the Qualified Person for the project and is responsible for the content of this press 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

 

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

 

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.

 

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

 
 

You can view the Next Property News item: Mon Jan 26, 2009, Logan Resources Preliminary Drilling Results on Brynnor Iron Project, Vancouver Island

You can view the Previous Property News item: Mon Nov 17, 2008, Logan Resources Begins Drilling on Brynnor Iron Project, Vancouver Island

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