Logan Announces Antelope Drilling Results and Updates on the Viper Database
LGR: TSX.V Page 1 of 4
Logan Announces Antelope Drilling Results and Updates on the Viper Database
August 24, 2017
VANCOUVER, BRITISH COLUMBIA, Loga n Resources Ltd. (LGR: TSX-V) (“Logan” or the
“Company”) is pleased to announce it has received positive drilling resu lts from the four hole, reverse
circulation drill program conducted on the Antelope project dur ing June 2017. Antelope is Carlin-type
gold system, located 100 kilome ters south of Wendover in White Pine County, Nevada. Gold is
concentrated in two sediment-hosted, jasperoid zones in the Pil ot Shale with even higher concentrations
of gold associated with dike margins and fault zones.
Logan’s results (summarized below) are consistent with historic al drill intersections achieved by previous
operators, and include significant oxide gold mineralization in the near surface (hole AN17-03).
10.7 meters @ 1.6 g/t Au in hole AN17-03 (NAD83 E:717186, N:4420059; Az: 0, Dip: -90)
18.3 meters @ 0.29 g/t Au in hole AN17-01 (NAD83 E:717274, N:4421530; Az: 0, Dip: -90)
1.5 meters @ 0.12 g/t Au in hole AN17-02 (NAD83 E:716925, N:4420241; Az: 0, Dip: -90)
7.6 meters @ 0.26 g/t Au in hole AN17-04 (NAD83 E:717438, N:4419942; Az: 0, Dip: -90)
Detailed results can be viewed on the Logan website: http://loganresources.ca/index.php/projects/usa-
gold-projects/antelope
Drilling has confirmed a close association between altered dikes and gold in adjacent jasperoids. Logan’s
geologists believe the NW trending dikes, which are strongly an omalous in arsenic, occupy the same
dilatant structural conduits as the hydrothermal fluids respons ible for gold mineralization. Significantly,
hole AN17-04, drilled in the periphery of the main mineralized area, intersected an arsenopyrite-enriched
dike with anomalous gold values in adjacent sediments.
Logan believes the Antelope projec t warrants further exploratio n. The next phase of work will focus on
detailed delineation of the altered dikes, including ground geophysical surveys and geologic mapping.
All drill samples disclosed in t his release were collected with an RC drill rig using 5 foot (1.5 meter)
sample intervals and following standard industry practices. QA/ QC was included in the insertion as well
as continual monitoring of numerous standards and blanks on a regular basis. An independent laboratory,
ALS Global of Reno, Nevada, performed all sample preparation and geochemical analyses.
Update on Newly-Consolidated Viper and Angel Wing Projects and Exploration Database
Concurrent with exploration drilling at Antelope, Logan has com pleted the initial integration of historical
databases for the Viper project, located approximately 60 kilom eters NW of Montello in Elko County,
Nevada. This includes the original Viper data inherited from Pi l o t G o l d ( U S A ) I n c . ( “ L i b e r t y U S A ” ) , a
wholly-owned subsidiary of Liberty Gold Corp., together with ex tensive data obtained as a consequence
of acquisition of the adjacent Angel Wing project (see Press Re lease dated March 16, 2017). In addition
to basic geologic mapping, ground and airborne geophysical surv eys, rock chip and soil sampling, the
Angel Wing database includes extensive hyperspectral studies, s table isotope studies, and a number of
LGR: TSX.V Page 2 of 4
core holes. Logan will use the integrated database to identify areas for future work and for target
generation.
Both the Angel Wing and Viper datasets are of good quality, com patible, and broadly consistent. Logan
has commenced target generation work utilizing the consolidated data and has identified a number of
areas for prospective future work:
Acquire additional primary dat a, including ground magnetics and IP survey results
Re-log Angel Wing drill cores
Reconcile differences in mapping styles and content between th e two datasets, highlighting
outcrops of calcareous sandst one and hydrothermally brecciated conglomerate, which are
preferred host rocks to mineralization
Review merged air magnetics and geology with emphasis on resol ving different fault azimuths
and locations. Existing structur al interpretations are based on limited outcrop data and vary
between the two project areas. Better understanding of structural controls will clarify the locations
of major mineralized corridors.
Main mineralized areas (Baja, Grassy Hollow, Da Vinci/Goya vein zone) may lie along closely parallel
north-south corridors, perhaps controlled by a graben-bounded f ault zone. Projection of significant, deep
gold deposit intercepts from the Angel Wing drilling along thes e controlling st ructures into shallower
structural and stratigraphic settings will be fundamental to fu rther exploration. Likewise, another area for
further targeting is the northern projection of the Viper Baja Zone into the subsurface, intersecting with
untested gold and arsenic anomalies. Logan anticipates that gro und resistivity surveys (CSAMT) will then
be used to identify more extensive silicified zones for a first phase drilling program.
As previously reported, Viper is an early-stage, low-sulfidatio n, epithermal gold target, which is subject to
the Option Agreement between Logan and Liberty USA. The Angel W ing project comprises a block of
adjacent and interlocking unpatented lode claims which were acq uired by Logan under a previously
announced Option Agreement (see Logan news release March 16, 20 17). These two Agreements
effectively consolidate the greater part of the Viper District, located in northeastern Nevada, USA. The
nearest community is Montello, located approximately 60 kilometers to the southwest.
Gold mineralization in both project areas is intimately related to the presence of quartz-calcite veins and
vein stockworks. Individual veins exhibit spectacular bladed an d lattice epithermal textures and free gold
is visible in a number of outcrops. Exploration on the Liberty USA claim block returned surface rock
samples of 11.8 g/t Au, and significant drill intercepts, inclu ding 1.1 g/t Au over 33.5 meters (PV-003).
Rock chip sample results from Angel Wing database include vein samples with up to 25.2 g/t Au over
three meters and significant Au values in RC drilling, such as 2.36 g/t Au over 13.1 meters (AW13-05).
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
LGR: TSX.V Page 3 of 4
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.
www.kingandbay.com
Logan is part of the King & Bay West group of companies. King & Bay
West is a merchant bank and management services company that
specializes in identifying, f unding, 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:
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 anticipated developments and events t hat 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 information c an be identified by the use of words such as "plans", "expects " or "does not exp ect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "ant icipates" or "does not anticipat e", or "believes", or variation s of such words and phrases
or state that certain actions, events or results "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 fu ture 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, gold 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 insurance coverage, and as sumptions 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, 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 res ulting 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 product s 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 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 development
activities on the Company’s properties, or to acquire new properti es, 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 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 factor s that cause actions, events or results not to be as anticip ated, estimated or
intended. Accordingly, readers should not place undue reliance on forw ard-looking information. The forward-looking information is made as of the date
LGR: TSX.V Page 4 of 4
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 Serv ices Provider (as that term is defined in the
policies of the TSX Venture Exchange) has revi ewed or accepts responsibility for the adequacy or
accuracy of this release.