Apr 26 2017
Logan Resources Ltd. is pleased to announce that it has completed cataloging and vetting of the digital database for the Angel Wing claims, and will now begin to integrate results into the existing Viper project database for the purpose of generating targets for a comprehensive drill program.
Viper is an early-stage, low-sulfidation epithermal gold target, which is subject to the Option Agreement between Logan and Pilot Gold, Inc. ("Pilot"). Logan recently announced that it had signed a Mining Lease and Purchase Option Agreement ("Angel Wing Agreement") pursuant to which Logan would acquire a lease over certain unpatented mining claims located in Elko County, Nevada known as the Angel Wing Property (see news release dated March 16 2017). These two Agreements effectively consolidate the greater part of the Viper District, which is located in northeastern Nevada, USA. The nearest community is the town of Montello, located approximately 60 kilometers to the southwest.
Gold mineralization on both project areas is intimately related to the presence of quartz-calcite veins and vein stockworks. Individual veins exhibit spectacular bladed and lattice epithermal textures, and free gold is conspicuous in a number of outcrops. Exploration on the Pilot claim block returned surface rock samples to 11.8 g/t Au, and significant drill intercepts, including 1.1 g/t Au over 33.5 meters (PV-003)*. Rock chip sample results from the Angel Wing files include vein samples with up to 25.2 g/t Au over three meters, and significant Au values in RC drilling, such as 2.61 g/t Au over 13.72 meters (AW13-05)*.
Full historical drill results for the Viper and Angel Wing properties are available on the Logan Resources website: http://loganresources.ca/index.php/projects/usa-gold-projects/viper
Logan's CEO and Director, Mark Morabito, commented, "The consolidated Viper Project enables Logan to explore the entire four-kilometer strike length of the main mineralized trend with significant expansion and development potential. Historic results in the Viper District are encouraging and warrant another phase of targeting, based on the merged Viper and Angel Wing datasets. We anticipate this program of work will be successful in generating future drill targets."
Logan's geological staff have reviewed the available data, including drill logs, assay certificates and additional supporting information sources. Data was verified through a database check that included a review of drill collar coordinates, down-hole surveys, geologic log data, gold assay data, multi-element assay data and terraspec spectral data. Logan is of the opinion that previous exploration on the Angel Wing project by the Miranda Gold / Ramellius Joint Venture was conducted in a workmanlike and professional manner, and that the geological, geophysical, and geochemical results are suitable for detailed modelling, and the generation of future drill targets. Earlier exploration efforts within the project area, as conducted by Teck Resources, are only partly documented and will not be relied upon.
All drill samples were collected with an RC drill rig using 5 foot (1.5 meter) sample intervals and following standard industry practice. QC/QA included the insertion and continual monitoring of numerous standards and blanks on a regular basis. Independent laboratory, ALS Global of Reno, Nevada, performed all sample preparation and geochemical analyses.
The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in National Instrument 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.
Source: http://www.loganresources.ca/