Logan Resources applies for coal permits south and west of Goldsource discovery, Saskatchewan Another also-ran surfaces.
Wednesday July 16, 9:00 am ET
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 occurrence.
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 websites.
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:
Earl Hope, Investor Relations, (604) 689-0299 x 232
Seamus Young, President and CEO, (604) 689-0299 x223
Source: Logan Resources Ltd. |
