Logan Resources Ltd

Published : April 22nd, 2010

Completes Ground Magnetic Survey

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Keywords :   Gem | Iron | Uranium |
=======================================================================
Re:   Property News - Thursday, April 22, 2010
      Logan Resources Completes Ground Magnetic Survey
=======================================================================

Vancouver, BC, April 22, 2009 - Logan Resources Ltd. (TSXV:LGR) (the "Company) is pleased to announce the results of the ground magnetic survey on its Redford Property carried out by Orequest Consultants Ltd. in March, 2010.  The survey totaled 5.5 km and was carried out with two GEM GSM-19 magnetometers.

The purpose of the survey was to detail the magnetic high associated with the former Noranda, Brynnor Iron Mine. The Brynnor Mine is located approximately 15 km northeast from Ucluelet, B.C.

The survey outlined a magnetic body interpreted to be 400 metres long and up to 110 metres wide.  A broad magnetic high is present from the edge of the now flooded Brynnor open-pit, to the limit of the survey. The amplitude of the high varies from 5,500nT to 9,000nT.  At line 450E the amplitude of the high diminishes to 2500nT to indicate the end of the anomaly at or near line 450E.  Steep, inaccessible terrain on the side of Mount Redford prevents extending the coverage to the east beyond L450E.  

When the results are modeled to characterize the cause of the anomaly using induced magnetism with the current magnetic field (I = 70�N and D = 17�E), the following results are obtained.  The modeling was done with Geosoft Magpoly V2.21.

     -------------------------------------------------------------------------
     Location                    Width          Depth       Dip
     -------------------------------------------------------------------------
     L0, 0 - 50N                 50m            50m         90 degrees
     -------------------------------------------------------------------------
     L50E, 0 - 50N               50m            50m         90 degrees
     -------------------------------------------------------------------------
     Ll00E, 0 - 50N              50m            50m         90 degrees
     -------------------------------------------------------------------------
     Ll50E, 0 - 50N              50m            50m         90 degrees
     -------------------------------------------------------------------------
     L200E, 12.5S - 37.5N        50m            50m         80 degrees N
     -------------------------------------------------------------------------
     L250E, 37.5S - 25N          87.5m          50m         60 degrees N
     -------------------------------------------------------------------------
     L300E, 75 S - 37.5N         112.5m         50m         50 degrees N
     -------------------------------------------------------------------------
     L350E, 75 S - 37.5N         112.5m         50m         45 degrees N
     -------------------------------------------------------------------------
     L400E, 37.5S - 50N          87.5m          50m         35 degrees N
     -------------------------------------------------------------------------

These results compare favorably with regard to the width and depth of the known deposit.

Qualitatively, east of the creek on L0 to Ll50E, where most of the drilling and underground development has taken place, the anomalies (in profile) are similar but fall in amplitude from 8,500nT on L0E to 6,000nT on L150E.

>From L200E to the eastern limit of the survey, the symmetry of the anomalies changes such that the dip of the model gradually changes to the north and at the same time the amplitude increases to 9,000nT on L300E and L350E, the highest recorded.

In geophysical surveys, it is the top of the target closest to the instrument sensor that produces the majority of the signal and is best resolved. There is no evidence of the bottom of the magnetic body in this case so it would appear to have an appreciable depth extent.

Logan drilled four holes in 2008 to test the east side of the deposit. These holes hit a shallow north-dipping magnetite horizon, that is in part, consistent with the interpreted magnetic body.  The remnant model has a dip of 20�N consistent with the drilling.

A map of the magnetic survey results can be viewed on Logan's website at www.loganresources.ca


J.L. LeBel, P.Eng, 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:

Seamus Young, President and CEO, 604-689-0299


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.

=======================================================================
Copyright (c) 2010 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 Thur Apr 22, 2010 at 6:00:00 AM Pacific Time
=======================================================================
.

Logan Resources Ltd

CODE : LGR.V
ISIN : CA5410953031
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Logan Resources is a silver and gold exploration company based in Canada.

Logan Resources holds various exploration projects in Canada.

Its main exploration properties are CHEYENNE, CASSIAR PLATEAU and HEIDI in Canada.

Logan Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.0 millions, € 1.6 millions).

Its stock quote reached its highest recent level on September 22, 2000 at CA$ 9.60, and its lowest recent point on February 19, 2016 at CA$ 0.03.

Logan Resources has 42 740 000 shares outstanding.

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Financings of Logan Resources Ltd
2/5/2010Private Placement Closed
1/19/2010Announces $450,000 Private Placement
10/5/2009Private Placement Closed
8/20/2009First Tranche of Private Placement Closed
6/5/2009Announces $325,000 Private Placement
12/22/2008Closes Private Placement
12/9/2008Announces $200,000 Private Placement
10/12/2007 Extends Term on Share Purchase Warrants
Option Grants of Logan Resources Ltd
3/11/2008Grants Stock Options
9/28/2007Announces Grant of Stock Options
Nominations of Logan Resources Ltd
7/26/2013Announces Appointment of Chief Financial Officer
Project news of Logan Resources Ltd
10/8/2013(Heidi)Announces Termination of Option Agreement on Heidi Property
6/23/2011(Shell Creek)Commences Work Program at Shell Creek
10/15/2009(Redford)Completes Ground Magnetic Survey on Brynnor Iron Deposit
1/26/2009Preliminary Drilling Results on Brynnor Iron Project, Vancou...
11/26/2008Initial Drilling Results Confirm Historic Results on Brynnor...
9/9/2008(Redford)Announces Initial Resource Estimate and Preliminary Economic...
8/11/2008(Carswell Dome (cluff Lake)) sign agreement for Cluff Lake area property, in the West At...
6/18/2008(Redford)Update on Redford iron ore potential, Pacific west coast of ...
6/3/2008(Redford)Provides Update on Redford Iron Ore/Gold Project on Pacific ...
1/25/2008(Shell Creek)Results Of Exploration Program On The Shell Creek Copper-Go...
11/9/2007(Heidi) Intersects Gold Over 1Km Strike At Heidi Project, Yukon Ter...
9/19/2007(Shell Creek)Identifies Redbed Copper At Shell Creek; Continues Diamond D...
7/26/2007(Shell Creek)Diamond Drill Program Underway at Logan Resources' Shell Cre...
7/25/2007(Heidi)Expands Claim Block At Heidi Gold Project; Complets Final Pa...
6/26/2007Begins Drill Program at May Creek and Continues Diamond Dril...
5/23/2007(Heidi)Diamond Drill Program at Logan's Heidi Gold Project Going We...
4/10/2007(Antler Creek Property)Completes EM Survey and Identifies Drill Targets At Antler C...
3/20/2007Diamond Drilling Confirms Gold Mineralization At Logan Resou...
Corporate news of Logan Resources Ltd
7/7/2016Logan Resources Options Nine Prospective Gold Exploration Pr...
9/15/2015Logan Signs Definitive Agreement to Create Leading Wearable ...
7/8/2015IIROC Trading Halt - LGR
6/3/2013Amends Chuchi Property Option Agreement
4/30/2013Files Technical Report on Idaho Gold Project
4/11/2013Announces Increased Mineral Resource Estimate at Idaho Gold ...
3/28/2013Signs Option and JV Agreement to Acquire Idaho Gold Property
11/7/2012Announces Termination of Option Agreement With Ridgemont Iro...
6/8/2011Announces Property Acquisition
7/28/2010Signs Option Agreement with Ridgemont Capital
6/1/2010Signs Letter of Intent with Ridgemont Capital
4/22/2010Completes Ground Magnetic Survey
11/16/2009Results From Preliminary Ground Magnetic Survey on Brynnor I...
6/5/2009Announces New Director
3/4/2009s Resource Estimate for Brynnor Iron Project, Vancouver Isla...
11/21/2008Announces Resignation of Director
11/17/2008Begins Drilling on Brynnor Iron Project, Vancouver Island
11/14/2008Correction Re: Directors and Officers
7/16/2008Applies for Coal Permits South and West of Goldsource Discov...
6/19/2008and International KRL Resources Provide Update on Turn River...
12/20/2007Completes Second Tranche of Financing
12/20/2007International KRL Resources and Logan Resources Provide Upda...
7/31/2007Five Targets Drill Tested At Logan Resources' May Creek Proj...
5/8/2007Drill Turning At Logan Resources'Heidi Gold Project, Yukon
4/26/2007Mobilizing Diamond Drill to Heidi
4/20/2007Completes Earn In on Albert Creek Lead-Zinc-Silver Property
4/16/2007Acquires Englishman Uranium Project, Yukon
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