News 2012 https://loganresources.ca/index.php/news/news-2012 Mon, 23 Dec 2013 01:52:43 -0800 Joomla! - Open Source Content Management en-gb Logan Amends Heidi Property Option Agreement https://loganresources.ca/index.php/news/news-2012/186-logan-amends-heidi-property-option-agreement https://loganresources.ca/index.php/news/news-2012/186-logan-amends-heidi-property-option-agreement

November 23, 2012

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) announces that it has amended its option agreement (the “Option Agreement”) with Inform Resources Corp. (TSX-V: IRR) (“Inform”) dated October 7, 2011, which grants Inform the option to acquire up to an 80% title and interest in the Heidi Property, located 95 km northeast of Dawson City, Yukon (the “Property”).

While the overall terms of the Option Agreement remain the same (see Logan news release dated October 7, 2011 for additional details), the sequence of payments owing Logan has been adjusted. Logan has agreed to move the cash payment it is due on the first anniversary of the Option Agreement execution date and allow Inform to add this sum to the amount owing on the fourth anniversary of the Option Agreement. Likewise, Logan has agreed to lower the minimum exploration expenditure on the property during the first two years of the Option Agreement, allowing Inform to meet these minimum exploration expenditure obligations on or before the fourth anniversary of the execution date. As compensation for these amendments, Inform has agreed to issue to Logan an additional 50,000 common shares of Inform on or before the fourth anniversary of the Option Agreement.

The amendment remains subject to any required regulatory approvals, including the approval of the TSX Venture Exchange.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO


For further information regarding this press release, please contact:

Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the Property and terms of the Option Agreement. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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News 2012 Fri, 23 Nov 2012 14:50:11 -0800
Logan Announces Termination Of Option Agreement with Ridgemont Iron Ore Corp. https://loganresources.ca/index.php/news/news-2012/182-logan-announces-termination-of-option-agreement-with-ridgemont-iron-ore-corp https://loganresources.ca/index.php/news/news-2012/182-logan-announces-termination-of-option-agreement-with-ridgemont-iron-ore-corp

November 7, 2012   

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) announces the termination of the Option Agreement (the “Agreement”) dated July 27, 2010, between the Company and Ridgemont Iron Ore Corp. pursuant to which Logan granted Ridgemont an option to acquire a minimum of 50% and a maximum of 75% of its interest in the Redford property. As a result, Logan will retain its 100% interest in the Redford property located on Vancouver Island, British Columbia. With the termination of the option agreement, the Company will now evaluate its strategic options with respect to the Redford property.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.


LOGAN RESOURCES LTD.
On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the advancement of the Company’s mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; issues in obtaining required permits; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.

]]>
News 2012 Wed, 07 Nov 2012 20:25:50 -0800
Logan Closes $1 Million Financing https://loganresources.ca/index.php/news/news-2012/181-logan-closes-1-million-financing https://loganresources.ca/index.php/news/news-2012/181-logan-closes-1-million-financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

September 5, 2012

Logan Resources Ltd. (TSX.V: LGR) (“Logan”) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering”) of units of Logan (the “Units”). Specifically, Logan raised aggregate gross proceeds of C$1,000,000, through the issuance of 10,000,000 Units at a price of $0.10 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one common share for a period of 24 months at an exercise price equal to $0.20.

At any time after four months and one day from the date of the Closing of the Offering, if the volume weighted average trading price of the common shares of Logan on the TSX Venture Exchange is greater than $0.50 per share for 20 consecutive trading days, Logan may give written notice to warrant holders that the Warrants will expire 30 calendar days after the date of such notice.

Logan intends to use the net proceeds of the Offering to further Logan’s exploration, development and acquisition programs and for general working capital purposes.

The Offering was non-brokered; however, Logan paid a finder's fee on certain subscriptions equal to 6% of the gross proceeds received from such subscriptions payable in a combination of $39,530 in cash and 30,000 commission units. The commission units have the same terms as the Units. Logan also issued 423,000 non-transferrable finder’s warrants ("Finder's Warrants"). Each Finders Warrant shall be exercisable to acquire one common share for a period of 24 months at an exercise price equal to $0.20.

The securities being offered hereby have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or province in which such offer, solicitation or sale would be unlawful.

About Logan
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms of the Offering, and statements about the use of proceeds from the Offering are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; issues in obtaining required permits; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.

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News 2012 Wed, 05 Sep 2012 07:45:00 -0700
Logan Announces $1 Million Financing https://loganresources.ca/index.php/news/news-2012/179-logan-announces-1-million-financing https://loganresources.ca/index.php/news/news-2012/179-logan-announces-1-million-financing

August 17, 2012

Logan Resources Ltd. (TSX.V: LGR) (“Logan”) is pleased to announce that it intends to undertake a non-brokered private placement to raise up to a total of $1,000,000 through the issuance of 10,000,000 units of Logan (the “Units”) at a price of $0.10 per Unit (the “Offering”). Each Unit will consist of one common share and one half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one common share for a period of 24 months at an exercise price equal to $0.20.

At any time after four months and one day from the date of the Closing of the Offering, if the volume weighted average trading price of the common shares of Logan on the TSX Venture Exchange is greater than $0.50 per share for 20 consecutive trading days, Logan may give written notice to warrant holders that the Warrants will expire 30 calendar days after the date of such notice.

Logan intends to use the net proceeds of the Offering to further Logan’s exploration, development and acquisition programs and for general working capital purposes.

The Offering will be non-brokered; however, Logan will pay finder’s fees in accordance with the rules and policies of the TSX Venture Exchange.  The Offering is subject to the approval of the TSX Venture Exchange.

The securities being offered hereby have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or province in which such offer, solicitation or sale would be unlawful.

About Logan
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms of the Offering, and statements about the use of proceeds from the Offering are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; issues in obtaining required permits; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.

]]>
News 2012 Fri, 17 Aug 2012 18:05:00 -0700
Logan Appoints New Directors https://loganresources.ca/index.php/news/news-2012/178-logan-appoints-new-directors https://loganresources.ca/index.php/news/news-2012/178-logan-appoints-new-directors

July 27, 2012

Logan Resources Ltd. (TSX.V: LGR) (“Logan”) is pleased to announce the appointment of Richard Grayston and David Weisser to the Board of Directors of Logan, effective immediately.

Richard Grayston has spent thirty years in public company management and as a finance and economics consultant. Mr. Grayston sits on the board of several different public companies. Mr. Grayston received a Ph.D. in finance and economics from the University of Chicago in 1971, an M.B.A. from the University of Chicago in 1969 and a B. Comm. from the University of British Columbia in 1966 and became a Certified General Accountant in 1977.

David Weisser, B.B.A., is a successful entrepreneur, who has been actively involved in the fine art industry for more than twenty years. He is President of Art Connection Inc., a company which specializes in wholesale custom framing and limited edition art distribution, and President of Touchstone Sports and Entertainment, a sports memorabilia company. Mr. Weisser has a Bachelor of Business Administration from Simon Fraser University. He was a Director of Target Exploration and Mining Corp. (TSX-V) from 2004 to 2009, and currently sits on the board of SG Spirit Gold Inc. (TSX-V).

"We are extremely pleased to welcome Richard and David to the Logan board. Their experience will complement the current team in our efforts to move Logan’s projects forward," said President and CEO, Adrian Bray.

Messrs. Grayston and Weisser will replace Board members Mark Morabito and Seamus Young, effective immediately. Logan would like to thank Mr. Morabito and Mr. Young for their efforts and continued support of Logan.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.

On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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News 2012 Fri, 27 Jul 2012 09:30:00 -0700
Logan Announces Completion of Consolidation https://loganresources.ca/index.php/news/news-2012/176-logan-announces-completion-of-consolidation https://loganresources.ca/index.php/news/news-2012/176-logan-announces-completion-of-consolidation

June 1, 2012

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce the completion of a consolidation of the Company’s common shares (“Common Shares”). At the annual general and special meeting of shareholders held on May 29, 2012 (the “Meeting”), Logan Shareholders approved a consolidation of the Common Shares on the basis of one post-consolidation Common Share for every four pre-consolidation Common Shares. Logan will not issue any fractional Common Shares as a result of the consolidation.  Instead, all fractional shares will be rounded down and cancelled.  The consolidation was made effective on May 29, 2012 and the Common Shares will begin trading on the TSX Venture Exchange on a post-consolidation basis on or about June 1, 2012. Letters of transmittal will be mailed to shareholders to use to exchange their pre-consolidation Common Shares for post-consolidation Common Shares. A copy of the letter of transmittal will be filed on the Company’s SEDAR profile at www.sedar.com.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.



LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include, but are not limited to, statements about the exploration of Logan’s properties and the completion of the Consolidation. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Logan’s actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of Logan’s common share price and volume and the additional risks identified in the management discussion and analysis section of Logan’s interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Although Logan has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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News 2012 Fri, 01 Jun 2012 09:45:00 -0700
Logan to Seek Approval of Proposed Share Consolidation https://loganresources.ca/index.php/news/news-2012/174-news-2012-news-2011-news-2010-logan-to-seek-approval-of-proposed-share-consolidation https://loganresources.ca/index.php/news/news-2012/174-news-2012-news-2011-news-2010-logan-to-seek-approval-of-proposed-share-consolidation

May 3, 2012

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) announces that it will hold a special meeting of shareholders on May 29, 2012 (the “Meeting”), to approve a proposed consolidation of its issued and fully paid common shares (the “Common Shares”).

Logan will be seeking shareholder approval to authorize, ratify and approve the implementation by Logan’s Board of Directors of a consolidation of all of the Company’s Common Shares on a ratio to be determined by the board of directors of Logan but, in any event, not to exceed four (4) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the “Consolidation”). The Company currently has 20,072,037 Common Shares outstanding, and options to acquire 400,000 Common Shares, issued and outstanding. After giving effect to the proposed Consolidation there will be 5,018,009 Common Shares, and options to acquire 100,000 Common Shares, issued and outstanding.

The Consolidation is being proposed in order to allow Logan greater flexibility in future corporate activities.  Logan reserves the option of not proceeding with the proposed Consolidation.

The proposed Consolidation is subject to shareholder approval, and documentation in support being accepted for filing by the TSX Venture Exchange.  There is no change in the Logan’s name proposed in conjunction with the proposed Consolidation.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.


LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the exploration of Logan’s properties and the completion of the Consolidation. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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[email protected] (designer) News 2012 Thu, 03 May 2012 09:00:01 -0700
Logan Appoints New CEO https://loganresources.ca/index.php/news/news-2012/167-logan-appoints-new-ceo https://loganresources.ca/index.php/news/news-2012/167-logan-appoints-new-ceo

 

February 13, 2012                                                                                                  

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) is pleased to announce the appointment of Adrian Bray as President and Chief Executive Officer, effective as of February 10, 2012. Mr. Seamus Young has resigned as President and CEO but remains as a director of the Company.

Mr. Bray, P.G., P. Geo., Q.M.C., has 25 years of experience on national and international projects including grass roots through to advanced exploration and mining, due diligence, project evaluation and the implementation of quality systems and monitoring of quality control. He has worked for numerous public companies such as Lac Minerals Ltd., where he was involved in the discovery and advancement to pre-feasibility of the Red Mountain structurally controlled gold deposit. Mr. Bray was also involved in the initial drilling of the Kemess North porphyry Cu-Au deposit discovery for Northgate Minerals Corp.  His memberships include the Geological Association of Canada, B.C. & Yukon Chamber of Mines, and the Prospectors and Developers Association of Canada.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232
F: 604-681-8039
E: [email protected]

www.loganresources.ca

 

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the exploration potential of the Company’s mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

 

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News 2012 Mon, 13 Feb 2012 10:30:00 -0800
Logan Completes 2011 Work Program at Chuchi https://loganresources.ca/index.php/news/news-2012/165-logan-completes-2011-work-program-at-chuchi https://loganresources.ca/index.php/news/news-2012/165-logan-completes-2011-work-program-at-chuchi

February 9, 2012                                                                                                   

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce the successful completion of its 2011 exploration program on the Chuchi Property, located in the Nation Lakes region of central British Columbia, Canada. Several anomalous areas, some worthy of follow up diamond drilling, were identified as a result of a multi-faceted program that consisted of the collection of 1,319 soil and 61 rock samples, in addition to a 43.9 line-km Induced Polarity (“IP”) and Resistivity (“Res”) survey, as well as geological mapping and reconnaissance scale prospecting. This exploration program was carried out by Equity Exploration Consultants Ltd. of Vancouver, BC.

Geochemical and geophysical surveys in 2011 resulted in the identification of several areas of interest defined by moderate to high chargeabilities coincident with high resistivities, anomalous soil geochemistry and prospective underlying geology. The most intriguing of these is centered over an intrusion that returned consistently anomalous gold in rock samples of up to 0.794 g/t. Outcrops of this intrusion are coincident with a 1,300 m x 400 m copper-gold soil anomaly that returned gold values of up to 1.33 g/t.

Soil samples were collected at 50 m intervals from the same north-south oriented grid with 250 m spaced lines that were used for the 2011 IP/Res survey. Samples were collected by hand-auger or mattock from the red-brown “B” soil horizon where possible. All samples were sent to ALS Minerals Laboratories in North Vancouver, BC, an ISO 9001:2008 accredited facility, which is independent of Logan Resources. Both rock and soil samples were analysed for 35 elements by inductively coupled plasma atomic emission spectroscopy (ICP-AES). Gold values were determined using fire assay-atomic absorption spectroscopy. Blank and duplicate samples were inserted into each batch shipped from the field as part of Logan’s Quality Assurance / Quality Control program.

All of the data collected to date are currently being reviewed in order to develop the details of the next stage of exploration and, specifically, to determine if follow-up diamond drilling is warranted.

The Chuchi Property is located roughly 75 kilometres (km) northwest of Fort St. James, BC and is accessible by well-maintained forest service roads. The property lies within the Nation Lakes copper-gold camp that contains notable areas of mineralization such as the Lorraine and Kwanika deposits, 100 km and 55 km to the northwest respectively, as well as the Mt. Milligan deposit, 40 km to the east. Previous work in the area has identified a large alteration halo of propylitic and potassic alteration with scattered copper-gold mineralization.

Additional information on the Chuchi Property can be found on the Logan website at: https://loganresources.ca/index.php/chuchi

 

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

Adrian Bray, P.Geo., Director of Logan and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Bray has verified the data disclosed herein, including sampling, analytical and test data underlying the disclosed information. Mr. Bray has verified that the results were accurate from the official assay certificates provided to Logan.

About Equity Exploration Consultants Ltd.

Equity Exploration Consultants Ltd. is a private, Canadian company focused on providing high quality consulting and project management services to the mineral exploration industry. The company’s core strength is its full-time staff of 14 expert geologists and support team members, in addition to a wide network of associates, who have worked to maximize exploration success for its clients since 1987.


LOGAN RESOURCES LTD.
On behalf of the Board
“Seamus Young”
President & CEO

 

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232
F: 604-681-8039
E: [email protected]

www.loganresources.ca

 

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the exploration potential of the Chuchi Property are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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News 2012 Thu, 09 Feb 2012 10:30:00 -0800
Logan Completes 2011 Work Program at Redford https://loganresources.ca/index.php/news/news-2012/163-logan-completes-2011-work-program-at-redford https://loganresources.ca/index.php/news/news-2012/163-logan-completes-2011-work-program-at-redford

January 25, 2012

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce the successful completion of its 2011 drilling program on the Redford Iron Ore Property located on Vancouver Island, British Columbia. Ridgemont Iron Ore Corp. (TSX.V: RDG) (“Ridgemont”) is the operator of the Project and has an option to acquire up to 75% interest in the Project. The program consisted of 62 diamond drill holes, totaling 10,282 metres, as well as ground geophysical surveys and a reconnaissance program. Results from this 2011 program, including the final set of 22 holes, are currently being evaluated in order to plan and budget for the next phase.

Highlights from this most recent set of results include:

Drill Hole

From
(metres)

To
(metres)

Interval
(metres)

Magnetite
Iron %

RD11-46

145

155

10

45.7

RD11-47

77

88

11

58.5

RD11-50

24.4

34

9.6

47.7

RD11-58

46

65

19

51.0

RD11-59

57

65

8

50.1

RD11-61

49

56

7

51.1

 

Seamus Young, President and CEO of Logan stated, “We are quite pleased with the results from the 2011 program. Significant mineralization has been identified several hundred metres east of the old Noranda pit, with indications of additional mineralization elsewhere on the property. All of this information will be reviewed as we plan our next steps.”

True widths of the reported intercepts vary depending on the angle of the individual drill holes and are estimated to be between 65% and 98% of the core interval as reported. All samples were prepared from sawn HQ-sized half-core sections on site on Vancouver Island. Split drill core samples are then sent to an independent contractor, Acme Analytical Laboratories in Vancouver, British Columbia, for analyses. The magnetic iron component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program.

Complete assay highlights with drill plan maps and sections are posted on the Logan website at: https://loganresources.ca/index.php/redford.

The Redford Property is host to the former producing Brynnor iron deposit. Noranda Exploration Ltd. mined the near surface portion of the iron ore body in the 1960’s and produced 4,480,940 tonnes at 56% iron. The mine was closed in 1968 at the expiration of the concentrate sales contract with Japanese steel makers, however, the underground extension of the ore body was never mined

Adrian Bray, P.Geo., Director of Logan and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this news release.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

 

LOGAN RESOURCES LTD.
On behalf of the Board
“Seamus Young”
President & CEO

 

For further information regarding this press release, please contact:

Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232
F: 604-681-8039
E: [email protected]
www.loganresources.ca


Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the exploration potential of the Redford Property are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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[email protected] (designer) News 2012 Wed, 25 Jan 2012 05:00:00 -0800