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| Redford |
Redford
British Columbia, Canada
• 100%-owned.
• 25 claims covering 10,800 hectares (26,687 acres).
Location
• Located 22 km northeast of the town of Ucluelet on Vancouver Island, BC.
Exploration Target
Fe
Property hosts Noranda's past producing open pit Brynnor magnetite iron deposit. Initial remaining resource estimates determined measured plus indicated mineral resources of 7,070,000 tonnes grading 51.3% iron, containing 5,750,000 tonnes of iron concentrate grading 63.7% iron; and inferred resources of 18,620,000 tonnes grading 51.3% iron, containing 15,140,000 tonnes of iron concentrate grading 63.7%.
Logan completed 20 drill holes totalling 6,678.9 metres in late 2008, with the objective of upgrading all or a portion of the current indicated and inferred resources to the measured and indicated resource categories and to increase the inferred category at depth and along strike.
Further drilling along with the testing of a number of new geophysical targets that show similarities to the Brynnor deposit is planned for 2009.
Au
Shares many similarities with Shotgun Au deposit in Alaska;
- Gold in quartz veins
- Gold hosted in epithermal quartz veins associated with shear zones.
Cu, Co, PGM
- Copper-cobalt hosted in skarn deposits
- Copper-platinum-palladium hosted in Karmutsen volcanics
Geophysics and Geochemistry
- Large untested mobile metal ion (MMI) soil geochemical anomalies for an array of elements including As, Au, Ag, Cu, Co, Pb, Zn.
- A series of untested airborne magnetic responses with similarities to the Brynnor deposit.
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