Logan Announces Update of Viper District Analysis and BLM Land Restriction Removal
LGR: TSX.V Page 1 of 2
Logan Announces Update of Viper District Analysis and BLM Land Restriction Removal
November 1, 2017
VANCOUVER, BRITISH COLUMBIA, Loga n Resources Ltd. (LGR: TSX-V) (“Logan” or the
“Company”) is pleased to provide an update of the ongoing analysis of th e Viper and Angel Wing
projects integrated database. The merged datasets have given Lo gan geologists a clearer and larger-
scale perspective of the Viper Dis trict and its prospectivity. In addition, the Bureau of Land Management
(“BLM”) has removed land use restrictions pertaining to sagebrush focal areas near the Viper District.
BLM Cancellation of 10 Million Acre Sagebrush Focal Area Withdrawal Proposal
On October 4, 2017, the BLM cancelled its withdrawal applicatio n and the withdrawal proposal relating to
10 million acres of public and National Forest system lands loc ated within Sagebrush Focal Areas in
Idaho, Montana, Nevada, Oregon, U tah and Wyoming. This release of lands from restricted mineral
exploration activity, including lands within the Viper District , was based on a recent BLM analysis that
showed future mining is not a significant threat to sage grouse habitat. The withdrawal cancellation
allows for future mineral exploration and development in the Vi per District without concern of adversely
affecting habitat important to the sage grouse.
Ongoing Analysis of Viper District Integrated Database
Viper is an early-stage, low-sulfidation epithermal gold target , located in northeastern Nevada. Logan
signed a Mining Lease and Purchase Option Agreement for the Ang el Wing Project in March 2017 that
effectively consolidated the gr eater part of the Viper District with the existing portion that was originally
optioned from Liberty Gold. Analysis of the merged geological, geochemical and air magnetics datasets
from the Viper and Angel Wing projects demonstrate that the mai n mineralized areas (Baja, Grassy
Hollow, Da Vinci/Goya vein zones) lie within a five kilometer-long, north-south corridor, likely controlled by
graben bounding faults. In addition to consolidating the proper ty, thus eliminating the threat of competitor
activity, analysis of the consolidated Viper/Angel Wing databas e provides a more extensive view of the
Viper District. The combined dataset confirms mineralization at depth, under volcanic cover. Based on
previous exploration work, three initial targets areas are identified:
In-fill drilling of the Baja Z one and possible extensions to the north and south
Drill testing of mercury and arsenic soil anomalies, hosted by chalcedonic breccias, northwest of
the Baja Zone
Initial drill testing of multi -element soil and rock chip anomalies in the Tancitaran Zone
The technical information within this document has been reviewe d and approved by Dr. Craig S. Bow,
Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101. Dr. Bow has
verified the data underlying the exploration results disclosed in this news release.
About Logan Resources Ltd.
Logan Resources Ltd. (LGR: TSX-V) is a junior exploration compa ny in the business of acquiring and
advancing mineral properties. Logan’s focus is on actively exploring four gold properties in Nevada, USA.
Logan has earned a 51% interest in the gold properties from a w holly-owned subsidiary of Liberty Gold
Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100%
interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron
ore mine.
For more information, please visit www.loganresources.ca.
LGR: TSX.V Page 2 of 2
LOGAN RESOURCES LTD.
On behalf of the Board
“Richard Grayston”
Interim Chief Executive Officer
Logan Resources Ltd. is part of the King & Bay group of compani es. King
& Bay is a merchant bank that specializes in identifying, fundi ng,
developing and supporting growth opportunities in the resource, aviation,
and technology sectors.
For further information regarding this news release, please contact:
Christina Baron, Manager of Corporate Development
T: 604-681-8030 x 289
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipat ed developments and events that may occur in the f uture. Forward
looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective
nature of the properties disclosed in this news release, (ii) th e details of future exploration plans and potential results, an d (iii) potential gold
mineralization on the properties.
In certain cases, forward-looking informati on can be identified by the use of words such as "plans", "expects" or "does not exp ect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" , or "believes", or variation s of such words and phrases
or state that certain actions, events or re sults "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes,
or other expectations, belie fs, plans, objectives, assumptions, intentions or statements about future events or performance. Fo rward-looking
information contained in this news release is based on certain factors and assumptions regarding, among other things, the estim ation of mineral
resources, the realization of resource and reserve estimates, gol d and other commodity prices, the timing and amount of future exploration and
development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and
develop the Company’s properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the
receipt of necessary regulatory approvals, the estimation of insu rance coverage, and assumptions with respect to currency fluct uations, environmental
risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable base d on information
currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual result s, performance or
achievements of the Company to be material ly different from any future results, perf ormance or achievements expressed or implie d by the forward-
looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral
resources, grade or recovery rates result ing from current exploration and development activities, risks relating to the ability to access infrastructure,
risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related produc ts, risks related to
increased competition in the market for gold and related produ cts and in the mining industry generally, risks related to curren t global financial
conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent
in the conduct of mining activities, including the risk of ac cidents, labour disputes, increases in capital and operating costs and the risk of delays or
increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary
licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development
activities on the Company’s properties, or to acquire new properties, may not be available on satisfactory terms, or at all, ri sks related to disputes
concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and
filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ m aterially from those
described in forward-looking information, there may be other fact ors that cause actions, events or results not to be as anticip ated, estimated or
intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date
of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any
forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or
accuracy of this release.