USA Gold Projects
- Logan Resources Ltd. has entered into an option agreement with Pilot Gold (USA) Inc. to evaluate nine mineral gold exploration projects and earn a participating interest of up to 80% on four of the projects
- The properties are all located in Nevada or Utah, USA, two mining friendly jurisdictions
- Nine gold properties to evaluate in the USA provides optionality
- One (Brik) contains significant gold mineralization in the near surface and was selected by Logan as a priority drill target
- One (Drum) is adjacent to a former mine which produced 85,000 ounces at an average grade of 1.3g/t
- One (Griffon) is a past producing open pit heap leach that produced over 100,000 ounces at an avg. grade of 1.2g/t
- All of the remaining seven have been drilled in the past with significant data available for most
- Four are essentially drill ready (of which two are already permitted)
Dr. Craig Bow, Vice President Exploration of Logan, is a Qualified Person (“QP”) as defined by National Instrument 43-101. The QP is a member in good standing of the American Institute of Professional Geologists as a Certified Professional Geologist (CPG.). Dr. Bow has reviewed and is responsible for the technical information disclosed on the website relating to the USA Gold Projects.
The Gorilla Lake Property (formally referred to as the Carswell property) is a uranium project located in the Athabasca Basin of Saskatchewan, Canada, one of the most prolific uranium regions in the world. The Gorilla Lake Property is held 80% by ALX, with Logan having a 20% carried interest.
Logan has a 100% interest in the Redford property which is located on the west coast of Vancouver Island near Ucluelet, British Columbia and consists of 30 claims with a surface area of 11,986 ha. Redford is a former producing mine with 4,480,940 tonnes produced at 56% iron with the potential for near term iron ore production.
Stewart Wallis is the Qualified Person (“QP”) as defined by National Instrument 43-101 for the Carswell and Redford projects. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.).