VANCOUVER, July 16 /CNW/ - Logan Resources Ltd. (TSXV:LGR) today
announced that it has made application for coal permits covering three
prospective areas to the south and west of Goldsource Mines Inc.'s Border coal
discovery in eastern Saskatchewan. In spring of 2008, Goldsource reported
results from its discovery, comprised of two diamond drill hole intersections,
1.6 km apart, each of which intersected 27 to 34 metres of coal, and 22 to 24
metres of which occurred as a single seam. Coal samples analysed returned
grades between High Volatile Bituminous C and Sub-Bituminous A.
The nature of historic coal occurrences hosted by the Mannville Group
strongly suggests widespread deposition of coal-forming plant material along a
broad shoreline during Mannville time. The first two groups of permits for
which Logan has applied enclose areas where Upper Cretaceous rocks overlie
prospective Mannville Group shoreline rocks and where existing geophysical
data support the possibility of significant coal occurrences.
The third permit application encloses an area 500 km to the west, where
Mannville Group sedimentary rocks underlie a thin cover of glacial drift
proximal to the upper contact with the overlying Colorado Group and where
existing geophysical data also support the possibility of a significant coal
Peter T. George, P.Geo, Consulting Geologist, is the Qualified Person as
per NI43-101, responsible for the technical information contained herein.
Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing early-stage Canadian mineral properties.
For more information on the Company's diversified property portfolio and the
Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Earl Hope, Investor Relations, (604) 689-0299 x
232; Seamus Young, President and CEO, (604) 689-0299 x223