Logan Announces Project Planning for Drilling at Antelope
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Logan Announces Project Planning for Drilling at Antelope
May 4, 2017
VANCOUVER, BRITISH COLUMBIA, Loga n Resources Ltd. (LGR: TSX-V) (“Logan” or the
“Company”) is pleased to announce that the Company has commenced the permitting process for a 5 to
7 hole, 1,800-meter reverse circ ulation (“RC”) drill program at the Antelope Project. Antelope is best
described as a sedimentary rock-h osted, Carlin-style gold syste m. Antelope is subject to the Option
Agreement between Logan and Pilot Gold, Inc. (“Pilot”). The pr operty is located in White Pine County,
Nevada, approximately 100 kilometers south of Wendover. Four m odern gold mines, including Alligator
Ridge, Bald Mountain, Golden Butte, and Kinsley Mountain are lo cated within an 80-kilometer radius of
these claims. The project consists of 65 unpatented lode claims under BLM jurisdiction.
Historic rock chip and soil sampling were conducted by Amselco, Phelps Dodge, and Dumont Nickel*.
Amselco and Phelps Dodge together completed 138 shallow drill h oles totaling 12,024 meters during the
1980’s which targeted outcropping gold mineralization. These pr ograms identified a zone of highly
anomalous gold that is approximately 2,000 x 900 meters in exte nt. Based on the historical data
interpretations, the system is open both at depth and to the west.
Gold is concentrated in the lower portion of the Pilot Shale in highly silicified sedimentary rocks (jasperoid).
Significant concentrations of gold occur in two jasperoid zones which are part of a gently west-dipping
sequence of limestone, siltstone and dolomite. Tertiary igneous rocks are present as narrow, northwest
trending quartz monzonite dikes. Gold grades are elevated along dike/sediment contacts as well as in
proximity to steep, northwest-striking faults.
The jasperoid targets project down-dip under shallow cover to t he west, where gravity data suggests that
the pediment cover remains shallow for at least 1 kilometer. Geologic potential also exists at depth beneath
very shallow historic drilling, where interpreted low angle normal faults allow for thinning and/or repetition
of stratigraphy.
A 5 to 7 hole, 1,800-meter RC drill program has been designed to confirm results from selected historic drill
holes and to test the northwest extension of near-surface mineralization.
*Although all of the data was developed prior to the requiremen ts of National Instrument 43-101, the
companies and analytical labs involved in the work are established and reputable firms, and Logan deems
the historical data suitable to develop interpretive drill targets and to guide future exploration.
The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice
President Exploration for Logan. Dr. Bow is a Qualified Person as defined in National Instrument 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 expl oring nine gold properties in Nevada and
Utah, USA that are under option from Pilot Gold Inc. Logan also has a 20% carried interest in the Gorilla
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Lake uranium property, and has a 100% interest in the Redford i ron ore property on Vancouver Island,
Canada. Redford is a former producing iron ore mine.
For more information, please visit www.loganresources.ca.
www.kingandbay.com
Logan is part of the King & Bay West group of companies. King & Bay
West is a merchant bank and mana gement services company that
specializes in identifying, funding, developing and managing gr owth
opportunities in the resource and technology sectors.
LOGAN RESOURCES LTD.
On behalf of the Board
“Mark Morabito”
Chief Executive Officer
For further information regarding this news release, please contact:
Jennifer Paterson, Manager of Corporate Development
T: 604-681-8030 x 248
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking
information contained in this news releas e includes, but is not limited to, statement s with respect to (i) the exploration pote ntial and prospective nature
of the properties disclosed in this news release, (ii) the detail s of future exploration plans and potential results, and (iii) potential gold mineralization on
the properties.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "w ill be taken", "occur" or "be achieved" suggesting fut ure outcomes, or other
expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained
in this news release is based on certain factors and assumpt ions regarding, among other things, the estimation of mineral resou rces, the realization of
resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development ex penditures, the
estimation of labour and operating costs, the availability of ne cessary financing and materials to continue to explore and deve lop the Company’s
properties in the short and long-term and to acquire new properties , the progress of exploration and development activities, th e receipt of necessary
regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or
claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they
may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainti es and other factors which may cause the actual result s, performance or
achievements of the Company to be materiall y different from any future results, perf ormance or achievemen ts 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 resulting 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 products, risks related to increased
competition in the market for gold and related products and in the mining industry generally, risks related to current global f inancial 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 accidents, 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 liquidi ty risks, including t he risk that the financing necessary to fund the exploration and deve lopment activities on the
Company’s properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to dis putes 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 identif y important factors that could cause actual ac tions, events or results to differ m aterially from those
described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, 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 se curities laws, the Company does not under take any obligation to publicly update or revise any forward-
looking information.
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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.