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Share Name | Share Symbol | Market | Type |
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Logan Copper Inc. | TSXV:LC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Logan Copper Inc. (the "Company" or "Logan Copper"), (TSX VENTURE:LC) has begun detailed field analysis of the mineralization potential of the Dansey, Midway and Bertha Molly Properties near Logan Lake, BC. Extensive ground geophysics followed by diamond drilling of specific anomalies has proven successful and will be continued in the 2011 exploration program. The Logan Copper technical staff is continuing to conduct a detailed historical review of all previous exploration and production work on the whole Logan Lake property tenures owned by the Company and have now identified 4 key areas of increased potential for success. The geophysical crew is currently on the Bertha Molly prospect beginning the 2011 work program with 60 to 70 line kilometers of proton magnetometer, VLF-EM grids and trench sampling of new and existing showings. Diamond drilling of 8 new deeper holes to test deeper anomalies will commence in the spring, weather permitting. Logan Copper found encouraging copper assays in the 2010 diamond drilling program. Drill targets were located by coincident MMI soil sampling and ground geophysics. Drill holes 10-LCD-19 and 10-LCD-20 from the 2010 exploration program will be logged and sampled for assay as soon as weather permits. The following drill core assay summaries highlight the copper results from the 2010 drilling that was analyzed. Hole ID From (m) To (m) Interval(m) Interval (ft) %Cu ---------------------------------------------------------------------------- 09-SND-15 0.00 181.05 181.05 594.00 0.100 including 124.47 124.64 0.17 0.56 0.452 including 186.30 187.04 0.74 2.43 0.117 including 195.30 195.96 0.66 2.17 0.145 206.11 EOH 10-LCD-16 73.76 84.43 10.67 35.00 0.104 including 83.82 84.43 0.61 2.00 1.175 105.31 284.68 179.37 588.50 0.101 including 122.38 122.99 0.61 2.00 1.343 including 193.24 193.85 0.61 2.00 0.679 including 269.75 284.68 14.94 49.00 0.477 284.68 EOH 10-LCD-17 81.08 81.99 0.91 3.00 0.114 96.32 98.15 1.83 6.00 0.104 100.58 104.55 3.96 13.00 0.101 including 103.48 104.09 0.61 2.00 0.544 136.86 159.41 22.56 74.00 0.101 including 147.68 148.74 1.07 3.50 0.733 168.25 179.10 10.85 35.60 0.102 Hole ID From (m) To (m) Interval(m) Interval (ft) %Cu ---------------------------------------------------------------------------- 10-LCD-17 182.42 184.56 2.13 7.00 0.108 Con't 186.93 187.54 0.61 2.00 0.114 189.95 191.72 1.77 5.80 0.137 206.81 208.79 1.98 6.50 0.128 220.98 225.86 4.88 16.00 0.104 251.16 300.84 49.68 163.00 0.102 313.33 313.94 0.61 2.00 0.105 315.35 EOH 10-LCD-18 24.99 26.52 1.52 5.00 0.129 32.61 34.44 1.83 6.00 0.141 46.63 47.55 0.91 3.00 0.127 94.18 109.73 15.54 51.00 0.117 159.11 178.60 19.49 63.96 0.102 including 178.00 178.60 0.60 2.00 0.541 192.35 198.00 5.65 18.54 0.108 234.35 246.35 12.00 39.37 0.100 including 238.35 239.35 1.00 3.28 0.703 253.35 254.00 0.65 2.13 0.166 268.53 EOH ("EOH" designates the end of hole depth of the drill hole.) The significant copper drill intersection appears in 10-LCD-16 which coincides with a ground magnetometer and VLF anomaly outlined by the 2010 geophysical program, which has also identified other anomalies that we intend to drill in 2011. Terry Garrow, P.Geo., a Qualified Person by the standards of National Instrument 43-101, has reviewed the results obtained and approved the technical information included in this news release. Logan also wishes to announce that the investor relations agreement with Ethos Consulting has expired effective February 18, 2011 as per the terms of the contract. We thank Ethos for their efforts on behalf of Logan Copper Inc. On behalf of the Board of Directors of LOGAN COPPER INC. Thal S. Poonian, CEO/President/Director
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