Logan Resources Ltd. is pleased to announce that it has initiated a previously announced drill program at its Antelope gold project in Nevada. The RC drill program is estimated to total approximately 610 meters in 4-5 core holes and has been designed to confirm results from selected historic drill holes and to test the northwest extension of near-surface mineralization.
The project is subject to a previously-announced Option Agreement (see release dated July 7, 2016) with Liberty Gold (USA) Corp. ("Liberty Gold") (formerly Pilot Gold (USA) Inc). Logan anticipates that the Company will have fulfilled the required expenditure commitment upon completion of this drill program at Antelope.
The drilling program is planned to accomplish a number of technical objectives:
- Confirm results from historic drill holes
- Achieve more continuous intercepts in mineralized intervals subject to significant sample losses in early drill campaigns
- Test for extensions to known mineralization along strike and at depth beneath shallow historic drill holes
- Test for possible under-reported gold mineralization in carbonaceous black shales of the Pilot Formation
- Provide Logan geologists the opportunity to better understand the nature of mineralized intervals and host rocks
The Antelope property is located in White Pine County, Nevada, approximately 100 kilometers south of Wendover. The property consists of 65 unpatented lode claims on public lands under BLM jurisdiction. Antelope is best described as a sediment-hosted, Carlin-type gold system. Gold is concentrated in the lower portion of the Pilot Shale in highly silicified sedimentary rocks (jasperoid). Significant concentrations of gold occur in two jasperoid zones which are part of a gently west-dipping sequence of limestone, siltstone and dolomite. Tertiary igneous rocks are present as narrow, northwest trending quartz monzonite dikes. Gold grades are elevated along dike/sediment contacts as well as in proximity to steep, northwest-striking faults.
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 NI 43-101.