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Logan Resources Ltd

Publié le 09 novembre 2007

Intersects Gold Over 1Km Strike At Heidi Project, Yukon Territory

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Mots clés associés :   Fort Knox | Knox | Uranium |

Re:        Property News - Friday, November 09, 2007
Title:     Logan Resources Intersects Gold Over 1Km Strike At Heidi Project, Yukon Territory

Vancouver - November 9, 2007 - Logan Resources Ltd. (TSXV:LGR) today announced the results of the 2007 summer exploration and diamond drill program at its 100%-owned Heidi gold project in the Dawson and Mayo Mining Districts, Yukon Territory. The drill program successfully intersected gold mineralization in 14 of the 19 holes over a 1 km strike and the airborne geophysical program outlined significant new targets for the next phase of drilling. The extent of the horizons of alteration and mineralization intersected in both the 2006 and 2007 drill holes confirms the validity of the target indicated by geology, surface trenching and geophysical surveys. Continued diamond drilling is warranted from these encouraging results. The Heidi property has been expanded from 54 claims (1,000 hectares) to 220 claims (4,074 hectares) to secure additional ground covering promising new gold targets. The property is located 95 km northeast of Dawson City and 30 km east of the Dempster Highway.

Mineralization observed on the Heidi property to date consists of stratabound gold-bearing pyrite-arsenopyrite replacement zones in carbonate rich horizons and related quartz-sulphide breccia veins within the sedimentary stratigraphy. This sequence is peripheral to a buried intrusion similar to Scheelite Dome, Yukon Territory. The intrusion itself has potential to host bulk tonnage gold mineralization similar to the Fort Knox deposit in Alaska.

The 2007 diamond drill program was designed to test priority targets over extensive coincident induced polarization, magnetic and gold geochemical anomalies. The geological goal is the stratabound, silica-altered, gold-bearing pyrite-arsenopyrite vein-breccia horizon peripheral to the buried intrusive. This exploratory drilling program consisted of 19 holes totaling 2,685.88 metres (8,812 feet); fourteen holes intersected narrow zones of gold mineralization within the northern portion of the buried intrusion associated with stratabound silica alteration zones within the sedimentary country rocks above the intrusion. Gold assay results from the nine more significant 2007 drill intersections within these mineralized alteration horizons, follow at the end of the news release.

Geophysical interpretation of the 2007 airborne magnetic and radiometric surveys outlined a buried intrusion 6 km in diameter. The intrusion appears to belong to the Cretaceous aged Tombstone Suite as evidenced by the composition of the high level dykes and/or sills that have been mapped on surface. The northern and southern portions of the intrusion lie approximately 150 m below surface, generally just beyond the depth of the 2007 drill holes. Across the northern portion of the buried intrusion a variable higher grade magnetic signature extends across a 1.5 km zone and appears to reflect sulphide feeder zones associated with an underlying offshoot of the intrusion or dykes. Pyrrhotite (which is magnetic) has been identified within the sulphide zones on the property. The phase two drill program will test deeper targets identified by the 2007 airborne survey.

In the 2006 program, the Company completed two diamond drill holes totaling 425 metres (1,394 feet). This work was successful in confirming the continuity of gold bearing pyrite-arsenopyrite vein-breccia horizons up to 10 metres in width. Hole HDI-06-2 intersected a 26-metre mineralized horizon containing a 4-metre interval, from 15 to 19 metres, which assayed 2.09 g/t Au, including 4.04 g/t Au over 2 m. This confirmed historical surface trench results which returned values of 1 to 7 g/t Au over 1-metre chip intervals.

Gold assay results from nine of the more significant 2007 drill intersections:

HOLE NO.

FROM (M)

TO (M)

WIDTH (M)

Au g/t

HDI-07-06

81

83

2

1.02

and

85

86

1

0.99

HDI-07-07

119

122

3

1.51

HDI-07-09

68

69

1

0.95

HDI-07-10

169.47

170.38

0.91

1.10

HDI-07-11

56.4

57.3

0.9

1.24

and

195

197

2

0.60

and

243

244

1

1.40

HDI-07-13

142

143

1

1.09

HDI-07-14

38

42

4

0.68

HDI-07-16

104

105

1

1.23

and

167

168

1

1.39

HDI-07-17

90

92

2

0.67


Eco Tech Laboratories Ltd. of Kamloops, B.C. analyzed the samples by ICP; gold was determined by fire assay. Normal QA/QC procedures were followed with assays of duplicates, standards and blanks. Eco Tech is an ISO 9001 accredited laboratory. Check assays were also conducted by Acme Analytical Laboratories Ltd., an ISO 9001 Accredited Co.

Michael Sanguinetti, P. Eng., Consulting Geologist, is the Qualified Person as defined by NI 43-101 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. The Company has a diversified portfolio of base metal, precious 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:

Logan Resources Ltd.
Seamus Young, President and CEO
604-689-0299 x 223

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

Copyright © 2007 LOGAN RESOURCES LTD. (LGR) All rights reserved. For more information visit our website at http://www.loganresources.ca/ or send email to info@loganresources.ca ..
Message sent on Fri Nov 9, 2007 at 7:10:56 AM Pacific Time

Logan Resources Ltd

CODE : LGR.V
ISIN : CA5410953031
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Logan Resources est une société d’exploration minière d'argent et d'or basée au Canada.

Logan Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CHEYENNE, CASSIAR PLATEAU et HEIDI au Canada.

Logan Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,6 millions CA$ (2,0 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 septembre 2000 à 9,60 CA$, et son plus bas niveau récent le 19 février 2016 à 0,03 CA$.

Logan Resources possède 42 740 000 actions en circulation.

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Financements de Logan Resources Ltd
05/02/2010Private Placement Closed
19/01/2010Announces $450,000 Private Placement
05/10/2009Private Placement Closed
20/08/2009First Tranche of Private Placement Closed
05/06/2009Announces $325,000 Private Placement
22/12/2008Closes Private Placement
09/12/2008Announces $200,000 Private Placement
12/10/2007 Extends Term on Share Purchase Warrants
Attributions d'options de Logan Resources Ltd
11/03/2008Grants Stock Options
28/09/2007Announces Grant of Stock Options
Nominations de Logan Resources Ltd
26/07/2013Announces Appointment of Chief Financial Officer
Projets de Logan Resources Ltd
08/10/2013(Heidi)Announces Termination of Option Agreement on Heidi Property
23/06/2011(Shell Creek)Commences Work Program at Shell Creek
15/10/2009(Redford)Completes Ground Magnetic Survey on Brynnor Iron Deposit
26/01/2009Preliminary Drilling Results on Brynnor Iron Project, Vancou...
26/11/2008Initial Drilling Results Confirm Historic Results on Brynnor...
09/09/2008(Redford)Announces Initial Resource Estimate and Preliminary Economic...
11/08/2008(Carswell Dome (cluff Lake)) sign agreement for Cluff Lake area property, in the West At...
18/06/2008(Redford)Update on Redford iron ore potential, Pacific west coast of ...
03/06/2008(Redford)Provides Update on Redford Iron Ore/Gold Project on Pacific ...
25/01/2008(Shell Creek)Results Of Exploration Program On The Shell Creek Copper-Go...
09/11/2007(Heidi) Intersects Gold Over 1Km Strike At Heidi Project, Yukon Ter...
19/09/2007(Shell Creek)Identifies Redbed Copper At Shell Creek; Continues Diamond D...
26/07/2007(Shell Creek)Diamond Drill Program Underway at Logan Resources' Shell Cre...
25/07/2007(Heidi)Expands Claim Block At Heidi Gold Project; Complets Final Pa...
26/06/2007Begins Drill Program at May Creek and Continues Diamond Dril...
23/05/2007(Heidi)Diamond Drill Program at Logan's Heidi Gold Project Going We...
10/04/2007(Antler Creek Property)Completes EM Survey and Identifies Drill Targets At Antler C...
20/03/2007Diamond Drilling Confirms Gold Mineralization At Logan Resou...
Communiqués de Presse de Logan Resources Ltd
07/07/2016Logan Resources Options Nine Prospective Gold Exploration Pr...
15/09/2015Logan Signs Definitive Agreement to Create Leading Wearable ...
08/07/2015IIROC Trading Halt - LGR
03/06/2013Amends Chuchi Property Option Agreement
30/04/2013Files Technical Report on Idaho Gold Project
11/04/2013Announces Increased Mineral Resource Estimate at Idaho Gold ...
28/03/2013Signs Option and JV Agreement to Acquire Idaho Gold Property
07/11/2012Announces Termination of Option Agreement With Ridgemont Iro...
08/06/2011Announces Property Acquisition
28/07/2010Signs Option Agreement with Ridgemont Capital
01/06/2010Signs Letter of Intent with Ridgemont Capital
22/04/2010Completes Ground Magnetic Survey
16/11/2009Results From Preliminary Ground Magnetic Survey on Brynnor I...
05/06/2009Announces New Director
04/03/2009s Resource Estimate for Brynnor Iron Project, Vancouver Isla...
21/11/2008Announces Resignation of Director
17/11/2008Begins Drilling on Brynnor Iron Project, Vancouver Island
14/11/2008Correction Re: Directors and Officers
16/07/2008Applies for Coal Permits South and West of Goldsource Discov...
19/06/2008and International KRL Resources Provide Update on Turn River...
20/12/2007Completes Second Tranche of Financing
20/12/2007International KRL Resources and Logan Resources Provide Upda...
31/07/2007Five Targets Drill Tested At Logan Resources' May Creek Proj...
08/05/2007Drill Turning At Logan Resources'Heidi Gold Project, Yukon
26/04/2007Mobilizing Diamond Drill to Heidi
20/04/2007Completes Earn In on Albert Creek Lead-Zinc-Silver Property
16/04/2007Acquires Englishman Uranium Project, Yukon
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