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Re: News - Wednesday, September 19, 2007
Logan Resources Identifies Redbed Copper At Shell Creek;
Continues
Diamond Drill Program at The Property
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Wednesday, September 19, 2007 -- Logan Resources Ltd. (TSXV:LGR) today
announced that the results of the ongoing mapping, prospecting,
geophysical and geochemical surveys combined with the
Diamond drill
program at its Shell Creek copper project have demonstrated numerous
consistencies with redbed type copper deposits.
Redbed copper systems are known to have immense grade and tonnage
potential. It is encouraging that the field work completed this season
has demonstrated the potential and the similarities of the Shell Creek
project to the redbed copper deposit model.
The banded iron formation at Shell Creek, which has been traced for 8
km along strike, may represent a concentrated redbed sedimentary
sequence. This may have important implications for the size and grade
of the associated copper mineralization. The redbed type copper
mineralization has been discovered proximal to the south side of the
north limb of the banded iron formation, and the north side of the
south limb. Logan has
Diamond drilled ten holes at Shell Creek since
July 26, 2007 and the helicopter-supported program is continuing.
In addition to the drill program, the Company has collected over 30
samples of mineralized subcrop. Samples have been shipped to the lab
and assays will be reported when received. Previously reported samples
taken from this area of the property have assayed between 1% and 2% Cu,
consistent with the copper grades of redbed copper systems.
Mineralization at Shell Creek consists of disseminations, blebs and
fracture fillings of chalcocite, with minor bornite and lesser
chalcopyrite, primarily hosted by a chloritic phyllite. Grades of 2% Cu
occur within the chloritic phyllite but widths are presently difficult
to determine due to exposure in subcrop. The basaltic amygdaloidal
flows and grey siltstone/sandstones also host chalcocite and malachite
mineralization, but are generally less consistent host rocks and appear
to have less chalcocite. Malachite is the most common guide to areas of
chalcocite mineralization which is still not easy to detect under low
light conditions. The mineralization occurs proximal to the banded iron
formation. Disseminated pyrite, up to 3-4%, and disseminated magnetite
occur peripheral to areas of copper mineralization. Visible gold has
been recovered from quartz vein material on the northeast side of the
property. Arsenopyrite was encountered in Hole SCK-07-08.
The 100%-owned Shell Creek property is located 75 km northwest of
Dawson City, Yukon. The property sits on the largest gravity anomaly in
the Yukon. The Tintina Fault, a major structure associated with several
major mineral deposits, transgresses the southern portion of this
11,000 hectare (27,182 acre) property. A coincident IP and gravity
anomaly further enhances the significance of an extensive copper soil
geochemical anomaly on the property.
Examples of redbed copper deposits include the Keweenaw Peninsula
deposits in Michigan, USA and the Coppermine River area, NWT; the
Mountain Grill and Radovan in east south-central Alaska; and include
the Sustut copper deposit in northern British Columbia (Minfile No 094D
064), which exhibits strong similarities with Shell Creek.
Michael Sanguinetti, P.Eng, Consulting Geologist, is the Qualified
Person with respect to the technical information contained herein.
Logan Resources Ltd. is a mineral exploration company that specializes
in acquiring, exploring and advancing Canadian mineral properties
prospective for precious metals, base metals and uranium. For more
information on the projects and the Company, please visit
www.loganresources.ca, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD
"Seamus Young"
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Seamus Young
President and CEO
For further information please contact:
Seamus Young, President and CEO
604-689-0299 x 223
The RAYA Group, Investor Relations
Toll-free: 1-877-626-2121
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.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
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Copyright (c) 2007 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 Wed Sep 19, 2007 at 8:14:05 AM Pacific Time
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