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Logan Resources Ltd.
Summary
| Project: | Antelope | |
|---|---|---|
| Deposit: | Antelope | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-8-2017: Logan Resources Ltd. announces an Exploration/Drilling Update report for its Antelope deposit at the Antelope project. Drilling results incl. 10.7m @ 1.6g/t Au. VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (LGR: TSX-V) (“Logan” or the “Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Craig S. Bow (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, Logan Resources Ltd. (LGR: TSX-V) (“Logan” or the “Company”) is pleased to announce it has received positive drilling results from the four hole, reverse circulation drill program conducted on the Antelope project during June 2017. Antelope is Carlin-type gold system, located 100 kilometers south of Wendover in White Pine County, Nevada. Gold is concentrated in two sediment-hosted, jasperoid zones in the Pilot Shale with even higher concentrations of gold associated with dike margins and fault zones. Logan’s results (summarized below) are consistent with historical drill intersections achieved by previous operators, and include significant oxide gold mineralization in the near surface (hole AN17-03). Drilling has confirmed a close association between altered dikes and gold in adjacent jasperoids. Logan’s geologists believe the NW trending dikes, which are strongly anomalous in arsenic, occupy the same dilatant structural conduits as the hydrothermal fluids responsible for gold mineralization. Significantly, hole AN17-04, drilled in the periphery of the main mineralized area, intersected an arsenopyrite-enriched dike with anomalous gold values in adjacent sediments. Logan believes the Antelope project warrants further exploration. The next phase of work will focus on detailed delineation of the altered dikes, including ground geophysical surveys and geologic mapping. | |
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