TSX.V: LGR

Brik

brikLocation
Figure 1. Location map for the Brik Project

The Brik property in located in the Cedar Range of Lincoln County, Nevada. Brik consists of 135 unpatented lode claims, owned by either Logan Resources or Pilot Gold. The claim block is entirely on public lands managed by the U.S. Bureau of Land Management.

Geologically, Brik is one of several, low sulfidation epithermal Au + Ag deposits in southeastern Nevada, which occur in an area of nested volcanic calderas. The claim block includes multiple exploration targets of which one, Hidden Treasure, will be the focus of Logan exploration during Q4 2016.   Hidden Treasure contains multiple zones of gold mineralization, including an outcropping, sub-horizontal silica cap and lower, steeply-dipping zones of brecciated, hematite-stained, and silicified andesite.

Mineralization at Hidden Treasure has the potential to expand in all directions and is considered by Logan to be a prime target for further exploration drilling.  

The Brik project is located 15 km southeast of Panaca, Nevada, and is easily accessible by paved and regularly maintained gravel roads. The claim block consists of 135 unpatented lode claims covering portions of Sections 14-23 and 26-29 of Township 3 South, Range 69 East (See image immediately below).

Brik Claims PPT
Figure 2. Claim block

brik geology
Figure 3. Geologic map with targets

Brik is situated near the northern boundary of the Caliente caldera complex, a series of nested volcanic centers of Tertiary age. Property geology is dominated by a bi-modal volcanic suite of andesitic rocks overlain by a sequence of more felsic tuffs and flows. The lower, andesitic series rocks are the primary host for epithermal gold mineralization; they exhibit widespread propylitic and argillic alteration with silicification and abundant iron oxides prominent in mineralized zones.

Hidden Treasure Cross Section V2
Figure 4. Drill section

Discovery outcrops at the Hidden Treasure target consist of gold-bearing quartz veins and breccias which display evidence of multiple hydrothermal events in a structurally complex setting.  The target centers on a knob of laterally-continuous, sub-horizontal massive silica that includes phases of milky quartz, chalcedonic quartz, and quartz breccia, covering an area roughly 200 x 200 meters.  Drilling by Pilot Gold in 2011 confirmed the presence of a significant, sub-horizontal mineralized zone at surface that averages 1-3 g/t Au over 10-30 meters width (PB-17, PB 24, PB-25)*.  Drill holes also encountered deeper, higher grade Au mineralization of unknown geometry (PB-19, PB 24)*.  

Complete assay results for the Pilot Gold 2011 RC drilling program can be found in Table 1 below

Mineralization occurs in quartz veins, silicified andesite, and oxidized silicified breccia zones; higher grades are characterized by the presence of dark red hematitic oxides. All of the Hidden Treasure drill holes display thick intercepts of milky quartz veins that contained anomalous (+100 ppb) gold concentrations which surround the more restricted, higher grade zones described above. Sulfide minerals are rare in cuttings from all drill holes in the Hidden Treasure area.

Taken together, evidence from outcrop and drilling indicates the Hidden Treasure target is open for expansion in all directions with good potential for additional mineralization at depth and along strike. 

hidden treasure1
Multiple hydrothermal events with good depth potential
hidden treasure2
Hidden Treasure Geology
hidden treasure3
Hidden Treasure Geology

With the exception of a shallow inclined shaft, there is no evidence for historic exploration or mining at Brik.  Scant paper data record more modern exploration work on the property by Lana Gold Company (1987-1990) and North American Gold (2002-2004).  This resulted in discovery of four distinct target areas, including the Hidden Treasure zone.

In 2011, Pilot Gold commenced exploration work at Brik, consisting of geologic mapping, surface sampling, trenching, geophysical surveying, and reverse-circulation drilling.  A total of 27 holes were completed, six holes on the Hidden Treasure target.  Drilling substantiated results of surface sampling and discovered additional zones of higher grade mineralization at depth.  The ground geophysical survey (CSAMT) was also highly successful in identifying multiple highly resistant, possibly silicified zones at depth, as well as delineating several major faults. 

The Hidden Treasure target at Brik represents a high priority exploration target for Logan.  An eleven hole, 2,000 meter reverse-circulation drill program is planned for Q4 2016 with the objective to follow up on strong gold intercepts from the Pilot program, as well as to test deeper resistivity targets generated by the CSAMT survey.

drill test
Figure 5. CSAMT Target and Proposed Drill Test

Hidden Treasure Geology Proposed Drilling
Figure 6. Geologic map of Hidden Treasure target area with 2016 proposed drill holes

Hole NAD83 Az.  Inc TD TD Target Area From To Interval From To Interval Au Au
ID East North (ft) (m) (ft) (ft) (ft) (m) (m) (m) (g/t) (oz/ton)
PB-01 739832 4173638 45 -60 300 91.44 Sinter 145 165 20 44.20 50.29 6.09 0.25 0.007
PB-02 739166 4173678 0 -60 300 91.44 Brik Vein (East)                
PB-03 739031 4173650 335 -70 700 213.4 Brik Vein 235 240 5 71.63 73.15 1.52 0.37 0.011
PB-04 738932 4173656 350 -85 500 152.4 Brik Vein 140 155 15 42.67 47.24 4.57 0.4 0.012
PB-05 738931 4173653 350 -50 250 76.2 Brik Vein 90 100 10 27.43 30.48 3.05 0.25 0.007
PB-06 738864 4173615 0 -90 500 152.4 Brik Vein                
PB-07 738862 4173617 335 -45 295 89.92 Brik Vein                
PB-08 738803 4173588 0 -90 500 152.4 Brik Vein                
PB-09 738803 4173590 335 -45 225 68.58 Brik Vein                
PB-10 738571 4173617 0 -90 500 152.4 Brik Vein                
PB-11 738572 4173619 345 -45 250 76.2 Brik Vein                
PB-12 738458 4173614 0 -90 500 152.4 Brik Vein                
PB-13 738457 4173615 0 -45 250 76.2 Brik Vein                
PB-14 740116 4173779 190 -60 800 243.8 Sinter                
PB-15 739986 4173693 190 -50 500 152.4 Sinter 175 190 15 53.34 57.91 4.57 0.41 0.012
PB-16 740101 4173589 10 -50 300 91.44 Sinter 20 35 15 6.10 10.67 4.57 1.51 0.044
PB-17 741909 4173213 50 -60 400 121.9 Hidden Treasure 0 65 65 0.00 19.81 19.81 1.3 0.038
              Including 10 35 25 3.05 10.67 7.62 2.68 0.078
PB-18 741858 4173288 50 -60 255 77.72 Hidden Treasure                
PB-19 741927 4173260 30 -60 300 91.44 Hidden Treasure 80 90 10 24.38 27.43 3.05 0.46 0.013
                155 190 35 47.24 57.91 10.67 0.97 0.028
              Including 160 165 5 48.77 50.29 1.52 4.06 0.118
PB-20 741840 4173215 50 -60 355 108.2 Hidden Treasure 85 100 15 25.91 30.48 4.57 0.6 0.017
PB-21 741960 4172975 140 -60 300 91.44 Hidden Treasure                
PB-22 742114 4172942 40 -60 540 164.6 East Jasperoid 415 420 5 126.49 128.02 1.53 0.23 0.007
PB-23 742140 4172783 50 -60 550 167.6 East Jasperoid                
PB-24 741935 4173210 50 -60 600 182.9 Hidden Treasure 0 55 55 0.00 16.76 16.76 1.06 0.031
              Including 5 25 20 1.52 7.62 6.10 2.16 0.063
                325 375 50 99.06 114.30 15.24 2.63 0.077
              Including 330 355 25 100.58 108.20 7.62 4.99 0.146
                450 485 35 137.16 147.83 10.67 0.35 0.01
PB-25 741907 4173218 230 -60 430 131.1 Hidden Treasure 0 90 90 0.00 27.43 27.43 0.99 0.029
              Including 20 40 20 6.10 12.19 6.09 1.28 0.037
                380 385 5 115.82 117.35 1.53 0.34 0.01
PB-26 741750 4171534 50 -60 700 213.4 Maui Wash                
PB-27 741840 4171426 47 -60 320 97.54 Maui Wash 300 305 5 91.44 92.96 1.52 0.4 0.012

pdficon Historical Rock Sampling

pdficon Historical Soil Sampling

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.