Logan Resources Updates the Viper Project
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Logan Resources Updates the Viper Project
April 25, 2017
VANCOUVER, BRITISH COLUMBIA, Loga n Resources Ltd. (LGR: TSX-V) (“Logan” or the
“Company”) is pleased to announce that it has completed cataloging and v etting of the digital database
for the Angel Wing claims, and will now begin to integrate resu lts into the existing Viper project database
for the purpose of generating targets for a comprehensive drill program.
Viper is an early-stage, low-sulfidation epithermal gold target , which is subject to the Option Agreement
between Logan and Pilot Gold, Inc. (“Pilot”). Logan recently an nounced that it had signed a Mining Lease
and Purchase Option Agreement ("Angel Wing Agreement") pursuant to which Logan would acquire a lease
over certain unpatented mining claims located in Elko County, Nevada known as the Angel Wing Property
(see news release dated March 16 2017). These two Agreements ef fectively consolidate the greater part
of the Viper District, which is located in northeastern Nevada, USA. The nearest community is the town of
Montello, located approximately 60 kilometers to the southwest.
Gold mineralization on both project areas is intimately related to the presence of quartz-calcite veins and
vein stockworks. Individual veins exhibit spectacular bladed and lattice epithermal textures, and free gold
is conspicuous in a number of outcrops. Exploration on the Pilot claim block returned surface rock samples
to 11.8 g/t Au, and significant drill intercepts, including 1.1 g/t Au over 33.5 meters (PV-003)*. Rock chip
sample results from the Angel Wing files include vein samples with up to 25.2 g/t Au over three meters, and
significant Au values in RC drilling, such as 2.61 g/t Au over 13.72 meters (AW13-05)*.
Full historical drill results for the Viper and Angel Wing prop erties are available on the Logan Resources
website: http://loganresources.ca/index.php/projects/usa-gold-projects/viper
Logan’s CEO and Director, Mark Morabito, commented, “The consolidated Viper Project enables Logan to
explore the entire four-kilometer strike length of the main mineralized trend with significant expansion and
development potential. Historic results in the Viper District a re encouraging and warrant another phase of
targeting, based on the merged Viper and Angel Wing datasets. We anticipate this program of work will be
successful in generating future drill targets.”
Logan’s geological staff have revi ewed the available data, incl uding drill logs, assay certificates and
additional supporting information sources. Data was verified th rough a database check that included a
review of drill collar coordinates, down-hole surveys, geologic log data, gold assay data, multi-element
assay data and terraspec spectral data. Logan is of the opinion that previous exploration on the Angel Wing
project by the Miranda Gold / Ramellius Joint Venture was condu cted in a workmanlike and professional
manner, and that the geological, geophysical, and geochemical results are suitable for detailed modelling,
and the generation of future drill targets. Earlier exploration efforts within the project area, as conducted by
Teck Resources, are only partly documented and will not be relied upon.
All drill samples were collected with an RC drill rig using 5 f oot (1.5 meter) sample intervals and following
standard industry practice. QC/QA included the insertion and continual monitoring of numerous standards
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and blanks on a regular basis. Independent laboratory, ALS Global of Reno, Nevada, performed all sample
preparation and geochemical analyses.
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
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-
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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 liquidity risks, including the 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 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 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 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.