Logan Proceeds to Phase Two Drilling at Brik
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Logan Proceeds to Phase Two Drilling at Brik
May 17, 2017
VANCOUVER, BRITISH COLUMBIA, Loga n Resources Ltd. (LGR: TSX-V) (“Logan” or the
“Company”) is pleased to announce that the Company has commenced detaile d planning for a second
phase of drilling on the Brik property, located in the Cedar Range of Lincoln County, Nevada. The plan for
Phase Two drilling is estimated to total approximately 1,995 me ters in 10 core holes, to be carried out in
Q3/Q4 2017. Logan considers hole BR16-02 from the Phase one program (33.52m grading 1.15 g/t Au) as
“proof of concept” that CSAMT re sistivity anomalies previously identified constitute priority targets for
discovery drilling.
Phase One drilling comprised of e ight reverse-circulation (“RC”) holes, for a total of 1,380 meters at the
Hidden Treasure target area (see news release dated March 1, 20 17 for complete results). Logan has
incorporated the drill results into the existing model and has utilized the merged data to prepare for the next
stage of exploration on the propert y. Brik is one of several, l ow sulfidation epithermal gold and silver
systems in southeastern Nevada t hat occur in an area of nested volcanic calderas. Brik is part of the
previously-announced Option Agreement (see news release dated J uly 7, 2016) with Liberty Gold (USA)
Corp. (“Liberty Gold”) (formerly Pilot Gold (USA) Inc).
Based on the results of this initial Phase One drill program, a Phase Two program is being planned with
the intent to drill 10 core holes totaling approximately 1,995 meters in three target areas: Hidden Treasure,
Sinter, and Maui Wash. Six holes have been designed within and adjacent to the main mineralized zone at
Hidden Treasure, and two holes have been designed each at Sinte r and Maui Wash in order to better
understand the geologic and structural setting for gold mineralization.
At Hidden Treasure, the target centers on a prominent silicified knob that includes phases of milky quartz,
chalcedonic quartz, and quartz breccia, covering an area roughly 200 x 200 meters. Tested targets include
the gold-bearing silica cap, deeper mineralization thought to b e controlled by steep structures, and
geophysical targets likely to represent additional zones of silicification favorable for gold mineralization.
The Sinter target area is on the north side of Miller Springs W ash, approximately two kilometers west-
northwest from Hidden Treasure. Anomalous gold in surface samples occurs in a zone that trends roughly
east-west and is approximately 150 meters long with exposed widths of the order of 40 meters. This zone
contains discontinuous dikes, veins, and a mixture of carbonate and silica deposits typical of very high
levels in epithermal systems. A nomalous gold in rock-chip sampl es with concentrations greater than 100
ppb occurs in a variety of rock types including oxidized dikes, silicified andesite breccias, and quartz
veinlets. Milky quartz veins and associated breccias have yiel ded the strongest gold values, with a
maximum of 2.94 ppm.
Liberty Gold drilled four RC holes into the Sinter prospect with a best result of 4.6 meters with an average
grade of 1.51 g/t Au starting at a depth of six meters (hole PB16). Liberty Gold completed a CSAMT survey
post-drilling, which defined a series of strong resistive anoma lies at Sinter. One of the anomalies sits
directly beneath hole PB16 and will be the initial target for Logan drilling in this target area.
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The Maui Wash target area is located in the southeastern portion of the Brik claim block, approximately 1.5
kilometers south of Hidden Treasure. It is a subordinate target defined by relatively low grade gold
anomalism in rock chips and soil samples.
Liberty Gold drilled two RC holes into the Maui Wash target are a, intersecting several intervals of
anomalous gold; PB26 penetrated a 1.2-meter intercept with an average grade of 0.41 g/t Au at a depth of
91 meters. As at Sinter, the subsequent CSAMT survey defined multiple strong CSAMT resistors within the
target footprint which are deemed to warrant discovery drilling.
With respect to the Liberty Gold drill results disclosed in this press release, all drill samples were collected
with an RC drill rig using 5-foot (1.5 meter) sample intervals and following standard industry practice. QC/QA
included the insertion and conti nual monitoring of numerous sta ndards and blanks on a regular basis.
Independent laboratory, ALS Global of Reno, Nevada, performed all sample preparation and geochemical
analyses.
The full drill results from the 2011 Liberty Gold drill program can be found on the Logan website:
http://loganresources.ca/images/pdf/brik/Brik_Pilot_2011_Drill_Results.pdf
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 fr om Liberty Gold (USA) Corp. L ogan 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.
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
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information contained in this news release includes, but is no t limited to, statements with respect to (i) the exploration pote ntial and prospective nature
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