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Projects
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Redford
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Project Highlights
Former producing mine
4,480,940 tonnes produced at 56% iron with the potential for near term iron ore production.
Direct Shipping to Asia
Strategically located next to port facilities with access to shipping routes to Asia.
2011 Exploration Program being carried out by Ridgemont Iron Ore Corp.
Ridgemont will focus on the underground extension of the ore body, as well as the new targets outlined by airborne geophysics. The program has commenced and will consist of 13,000m of drilling as well as ground geophysics and reconnaissance with the goal of outlining an NI 43-101 compliant iron ore resource and delineating new iron ore targets.
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Location
The Redford property is located on the west coast of Vancouver Island near Ucluelet, British Columbia and consists of 26 claims with a surface area of 10,821 ha. The property is accessible by several roads and is ideally situated close to nearby communities and labour supply including Port Alberni, roughly 80km to the northeast. Deep water port facilities are also located adjacent to the Redford property and offer access to shipping routes to Asia.
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Current Exploration
(Carried out by Ridgemont Iron Ore Corp.)
Ridgemont has planned a $5 million exploration program for 2011. Drilling has now commenced will include an aggressive ground geophysics and reconnaissance program with the goal of outlining an NI 43-101 compliant iron ore resource this fall and delineating new iron ore targets.
Drilling around the Brynnor pit started mid May and will test the underground extension of the ore body This program will take five months to complete which will include drilling as well as ground geophysics and reconnaissance with the goal of outlining an NI 43-101 compliant iron ore resource and delininating new targets. To date, Ridgemont has completed and received assay results for 43 diamond drill holes, totalling 7,570 metres . In 2010, Ridgemont completed an airborne magnetic and gravity survey which outlined additional surface targets. These targets are being followed up by ground work which will further refine the target areas in preparation for drilling. It is uncertain if further exploration will delineate a mineral resource.
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 click here to view
the magnetic map |
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Claim Ownership
Logan and Ridgemont Iron Ore Corp. signed on option agreement on the property on July 27, 2010 whereby Ridgemont may earn a earn a 75% interest in the property. Ridgemont has now paid Logan a total of $75,000. Ridgemont is still required to pay Logan $50,000 on or before each of the first 3 anniversaries of the definitive agreement and must spend no less than $3,000,000 conducting exploration on the property, made up of $750,000 prior to the first anniversary, an additional $1,000,000 prior to the second anniversary and $1,250,000 prior to the third anniversary. Ridgemont must also issue 100,000 shares to Logan on each of the first, second and third anniversaries. Upon completing the terms listed above, Ridgemont will have earned 50% of Logan’s interest in the Project. In order to earn the additional 25% in the property, Ridgemont must pay all the costs and expenses needed to make a production decision on the property and arrange for any necessary financing needed to achieve such production.
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Geology
Several types of mineralization are found on the property including gold in quartz veins, copper‐cobalt in skarn deposits, copper‐platinum‐palladium in Karmutsen volcanics, and gold‐hosted epithermal quartz veins associated with shear zones. However, the main focus of current exploration efforts is the Brynnor iron deposit.
The deposit type on the property is magnetite skarn mineralization, in this case hosted in a roof pendant of metasomized Quatsino formation limestone and calcareous tuffs and Karmutsen formation andesite. The Brynnor deposit was formed by metasomatic alteration of carbonate rocks in the metamorphic halo of major batholiths. Magnetite has the highest concentration of iron at 63.7% of all the iron bearing minerals.
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Historical Exploration and Production
In the past, Logan Resources and its predecessor explored the property for gold but the current interest on the property revolves around the former Brynnor iron (magnetite) deposit developed by Noranda Mines in the 1960's. Noranda mined 4,480,940 tonnes at 56% iron from the open pit part of the deposit and explored the underground part of the deposit from 3 underground levels accessed by an 867ft 3-compartment shaft. The mine closed in 1968 at the expiration of the concentrate sales contract with Japanese steel makers after a protracted labour strike. The underground extension of the deposit was never developed.
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Exploration done by Logan Resources
In 2008, Logan completed airborne magnetic and radiometric surveys over the property (including the Brynnor area). A reconnaissance MMI (Mobile Metal Ions) soil geochemical survey was completed in the spring along with limited prospecting and rock sampling.
In December 2008, Logan completed a 20 hole 6,678 metre drill program to confirm the Noranda data and to test the down dip and the along strike potential to the east of the Noranda underground mine workings. The mineralized zone is still open at depth in the central part of the mine workings and is open along strike to the west beneath the open pit area.
In 2009, environmental work was completed to determine baseline water quality data in the area.
A detailed ground magnetic survey has also been completed. The survey outlined a magnetic body interpreted to be approximately 400 metres long and up to 110 meters wide. The eastern end of the magnetic high represents a new untested drill target.
Adrian Bray, P.Geo., is a Director of Logan and a Qualified Person as defined by National Instrument 43-101 for the above mentioned project. 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.). Mr. Bray has reviewed and is responsible for the technical information disclosed above. |
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