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Logan Resources preliminary drilling results on Brynnor Iron Project, Vancouver Island
VANCOUVER, Jan. 26 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the "Company") is pleased to announce...
About this update from Intrepid Metals Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Jan. 26 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the\n"Company") is pleased to announce that it has completed 20 drill holes\ntotaling 6,678.9 metres on its 100%-owned Redford Property, Vancouver Island,\nBritish Columbia. One additional hole was in progress when the program was\nshut down on December 22, 2008 and will be completed during February 2009.\n\n\nBased on visual evaluation of the magnetite content of the core, the\nprogram has successfully achieved its objectives which were to upgrade all or\na portion of the current indicated and inferred resources to the measured and\nindicated resource categories and to increase the inferred category at depth\nand along strike. Assays are pending and a new resource estimate will be\ncompleted by the end of February.\n\n\nInitial resource estimates on the Brynnor deposit determined measured\nplus indicated mineral resources of 7,070,000 tonnes grading 51.3% iron\ncontaining 5,750,000 tonnes of iron concentrate grading 63.7% iron; and\ninferred resources of 18,620,000 tonnes grading 51.3% iron, containing\n15,140,000 tonnes of iron concentrate grading 63.7%. For further details,\nplease refer to the Sept. 9, 2008 news release.\n\n\nMr. Peter George, P.Geo., as a consultant to the Company, is the\nQualified Person for the project and is responsible for the content of this\npress release.\n\n\nLogan Resources Ltd. is a mineral exploration company that specializes in\nacquiring, exploring and advancing Canadian mineral properties. The Company\nhas a diversified portfolio of precious metal, base metal and uranium\nprojects. For more information on the property portfolio and the Company,\nplease visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.\n\n\nON BEHALF OF THE BOARD\n\n"Seamus Young"\n-----------------------------\nSeamus Young\nPresident and CEO\n\n\nStatements contained in this news release that are not historical facts\nare forward-looking statements, which are subject to a number of known and\nunknown risks, uncertainness and other factors that may cause the actual\nresults to differ materially from those anticipated in our forward looking\nstatements. Although we believe that the expectations in our forward looking\nstatements are reasonable, actual results may vary, and we cannot guarantee\nfuture results, levels of ac...