Logan Resources Commences Drilling at Brik Project in Nevada

Gold Investing

Logan Resources (TSXV:LGR) has announced that it has initiated a drilling program at its Brik gold property in Nevada. As quoted in the press release: The drilling program is planned to consist of at least ten reverse circulation drill holes totaling approximately 2,000 meters. Brik is one of several, low sulfidation epithermal gold and silver …

Logan Resources (TSXV:LGR) has announced that it has initiated a drilling program at its Brik gold property in Nevada.
As quoted in the press release:

The drilling program is planned to consist of at least ten reverse circulation drill holes totaling approximately 2,000 meters. Brik is one of several, low sulfidation epithermal gold and silver systems in southeastern Nevada that occur in an area of nested volcanic calderas. The claim block includes several exploration targets of which one, Hidden Treasure, is the current focus of Logan’s exploration program.
Discovery outcrops at Hidden Treasure consist of gold-bearing quartz veins and breccias, which display evidence of multiple hydrothermal events in a structurally complex setting. The target centers on a prominent silicified knob that includes phases of milky quartz, chalcedonic quartz, and quartz breccia, covering an area roughly 200 x 200 meters.  Drilling by Pilot in 2011 confirmed the presence of significant gold in the silica cap, returning results that averaged 1-3 g/t Au over 10-30 metres width (PB-17, PB 24, PB-25).  Drill holes also encountered deeper, higher grade Au vein mineralization, with assay values to 15 g/t Au over 1.5 meters* (PB-19, PB 24). To see the complete Pilot drill results for the Hidden Treasure target click here or visit the Logan Resources website.
As reported in the September 20, 2016 News Release, both the silica cap and lower zone vein mineralization will be tested in the current program, together with geophysical targets interpreted to represent additional zones of silicification favorable for gold mineralization.
The Brik property is located in the Cedar Range of Lincoln County, Nevada. The nearest community is the town of Panaca, located 15 kilometers away. The property consists of 135 unpatented lode claims on public lands under BLM jurisdiction, owned by either Logan or Pilot.

Click here to read the full press release.

The Conversation (0)
×