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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"), (TSX VENTURE:LC) announces drilling is now underway on the Dansey Copper Property, in central BC, contiguous to Teck Resources Ltd. "Highland Valley" copper mine. This extensive drill program and detailed ground geophysical program are designed to test the newly discovered "Northern" and "Midway" Anomalies. Map Link: http://www.logancopper.com/Properties/dansey.php Geophysics has located coincident conductors at depth below the 2008 drill hole SNL 08-11. Diamond drilling began on this target September 17 and will be proceeding to a depth of 320 meters. Six 300 to 400 meter drill holes are currently planned to test these anomalies. A comprehensive geological mapping and ground geophysical program is currently ongoing and will be used to develop an interpretation of the mineral potential of this portion of the Dansey Property, as well as, additional drill targets. Logan Copper's President and CEO, Thal S. Poonian, stated "This is a very active and exciting time for Logan, as copper prices reach recent highs and our 2010 drill program is now underway. Drilling is designed to test multiple new anomalies that have been discovered at depth below previous 2008 drilling, on the "Dansey" copper property contiguous to Teck Resources' "Highland Valley" copper mine. Assay results are expected to be available shortly, following the completion of drilling and geophysics." The Company also wishes to announce the grant of 1,650,000 Incentive Stock Options to officers, directors and consultants of the Company at an exercise price of $0.15 per unit for five years expiring September 19, 2015, subject to the terms of the Company Stock Option Plan, including the 300,000 investor relations options. Terry Garrow, P.Geo., a Qualified Person by the standards of National Instrument 43-101 has reviewed the results obtained and approved the contents of this news release. About Logan Copper Inc. Logan Copper Inc. is a Canadian copper exploration and development company. Our primary assets include the "Dansey" and "Lost Mine" copper properties, located between Kamloops and Merritt in British Columbia; and are contiguous to Teck Resources Ltd. "Highland Valley" copper mine. The Company is listed on the TSX-Venture Exchange under the symbol (LC). The company currently has only (22,633,440) common shares issued and outstanding. For more information, please visit www.logancopper.com or contact Investor Relations Toll Free at (1-888-818-1365). On behalf of the Board of Directors of LOGAN COPPER INC. Thal S. Poonian, CEO/President/Director
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