VANCOUVER, Nov. 16 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the "Company") today announced that it has completed an evaluation of the data from a ground magnetic orientation survey conducted October 4-8, 2009 on its Brynnor iron prospect, Redford Property, Vancouver Island. The purpose of this initial survey was to outline potential extensions to known iron mineralization. The survey was carried out principally along access roads (see map at www.loganresources.ca).
The magnetic data from this survey gave rise to a very strong and definite response. A mineralized zone 500 metres in length by 100 metres wide was outlined, including the known mineralization that remains from the mining operations of Noranda in the 1960's.
Due to the positive results from the survey, the Company plans to redo the survey over a regularly spaced grid and expand the survey. Results from the magnetic survey will be used as a guide to future diamond drilling.
Paul Reynolds, P. Geo., 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 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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.
SOURCE LOGAN RESOURCES LTD.
For further information: For further information: Earl Hope, Investor Relations, (604) 689-0299 x 232; Seamus Young, President and CEO, (604) 689-0299 x223