Results of Logan Resources' 2007 exploration program on the Shell Creek Copper-Gold Project

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[{"type":"text","content":"\n\n\n\nVANCOUVER, Jan. 25 /CNW/ - Logan Resources Ltd. (TSXV:LGR) ("The\nCompany") today announced the results of the 2007 exploration program on its\n100%-owned (subject to a 2% NSR), 656 claim (13,600 ha) Shell Creek Project,\nlocated 75 km northwest of Dawson City, Yukon Territory.\n\n\nThe property lies adjacent to the Tintina Fault; a major structure\nassociated with several high-grade mineral deposits. Shell Creek lies on the\nmargin of a 600 km(2) magnetic anomaly, along which IOCG type mineral\npotential is recognized. Shell Creek hosts an 18 km(2) copper soil geochemical\nanomaly along the margin of the largest gravity anomaly in the Yukon.\n\n\nThe 2007 exploration program involved an airborne magnetic and\nradiometric survey, 1,535 m of diamond drilling in 10 holes, mapping,\nprospecting, additional soil sampling and securing access to the Yukon River.\nCopper mineralization on the property is dominantly hosted by a chloritic\nphyllite, approximately 100-300 m stratigraphically below a banded iron\nformation that has been traced for 17 km (see Figure 1 at the following URL:\nhttp://files.newswire.ca/674/logan_shell_creek.doc). Late in the drill\nprogram, the sequence was interpreted as a redbed copper horizon (with the\nbanded iron formation representing the oxide horizon) initiating the\nprecipitation of copper (see News Release September 19, 2007). Previously\nreported samples taken from this area of the property assayed between 1% and\n2% Cu, which is consistent with the copper grades of such redbed copper\nsystems. Details of the 2007 drill program are included below.\n\n\nThe 2007 exploration programme revealed a new gold target: a 750 m long\nhydrothermal vein breccia discovery proximal to a high arsenic anomaly. Five\ngold-copper bearing quartz saddle reef structures had been previously\nidentified on the property over a 6 km distance with visible gold observed in\nquartz boulders (values of 3.8 g/t to 9.3 g/t Au from quartz float and 2.7 g/t\nAu in soil). The property's new gold target will be evaluated in 2008.\n\n\nFive new radiometric anomalies were also identified by the 2007 airborne\nmagnetic and radiometric survey. Several of these anomalies have associated\nmagnetic signatures, interpreted as representing sulphide mineralization.\nAnomalous potassium values cover a large aerial extent of the...

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