Logan Resources completes ground magnetic survey

VANCOUVER, April 22 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the "Company) is pleased to announce the results of the ground magnetic survey on its Redford Property carried out by Orequest Consultants Ltd. in March, 2010. The survey totaled 5.5 km and was carried out with two GEM GSM-19 magnetometers.

The purpose of the survey was to detail the magnetic high associated with the former Noranda, Brynnor Iron Mine. The Brynnor Mine is located approximately 15 km northeast from Ucluelet, B.C.

The survey outlined a magnetic body interpreted to be 400 metres long and up to 110 metres wide. A broad magnetic high is present from the edge of the now flooded Brynnor open-pit, to the limit of the survey. The amplitude of the high varies from 5,500nT to 9,000nT. At line 450E the amplitude of the high diminishes to 2500nT to indicate the end of the anomaly at or near line 450E. Steep, inaccessible terrain on the side of Mount Redford prevents extending the coverage to the east beyond L450E.

When the results are modeled to characterize the cause of the anomaly using induced magnetism with the current magnetic field (I = 70 degrees N and D = 17 degrees E), the following results are obtained. The modeling was done with Geosoft Magpoly V2.21.

    
    -------------------------------------------------------------------------
    Location                    Width          Depth       Dip
    -------------------------------------------------------------------------
    L0, 0 - 50N                 50m            50m         90 degrees
    -------------------------------------------------------------------------
    L50E, 0 - 50N               50m            50m         90 degrees
    -------------------------------------------------------------------------
    Ll00E, 0 - 50N              50m            50m         90 degrees
    -------------------------------------------------------------------------
    Ll50E, 0 - 50N              50m            50m         90 degrees
    -------------------------------------------------------------------------
    L200E, 12.5S - 37.5N        50m            50m         80 degrees N
    -------------------------------------------------------------------------
    L250E, 37.5S - 25N          87.5m          50m         60 degrees N
    -------------------------------------------------------------------------
    L300E, 75 S - 37.5N         112.5m         50m         50 degrees N
    -------------------------------------------------------------------------
    L350E, 75 S - 37.5N         112.5m         50m         45 degrees N
    -------------------------------------------------------------------------
    L400E, 37.5S - 50N          87.5m          50m         35 degrees N
    -------------------------------------------------------------------------
    

These results compare favorably with regard to the width and depth of the known deposit.

Qualitatively, east of the creek on L0 to Ll50E, where most of the drilling and underground development has taken place, the anomalies (in profile) are similar but fall in amplitude from 8,500nT on L0E to 6,000nT on L150E.

From L200E to the eastern limit of the survey, the symmetry of the anomalies changes such that the dip of the model gradually changes to the north and at the same time the amplitude increases to 9,000nT on L300E and L350E, the highest recorded.

In geophysical surveys, it is the top of the target closest to the instrument sensor that produces the majority of the signal and is best resolved. There is no evidence of the bottom of the magnetic body in this case so it would appear to have an appreciable depth extent.

Logan drilled four holes in 2008 to test the east side of the deposit. These holes hit a shallow north-dipping magnetite horizon, that is in part, consistent with the interpreted magnetic body. The remnant model has a dip of 20 degrees N consistent with the drilling.

A map of the magnetic survey results can be viewed on Logan's website at www.loganresources.ca

J.L. LeBel, P.Eng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.

    
    ON BEHALF OF THE BOARD

    "Seamus Young"
    ---------------------------
    Seamus Young
    President and CEO
    

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00007767E

SOURCE LOGAN RESOURCES LTD.

For further information: For further information: Seamus Young, President and CEO, (604) 689-0299

Organization Profile

LOGAN RESOURCES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890