Target 2: Noranda Developed Magnetite Resource
The resources are summarized below:
Measured plus Indicated
Iron Concentrate 5,750,000 tonnes 63.7% Iron
Inferred
Iron Concentrate 15,140,000 tonnes 63.7% Iron
Target 3: Logan Resources Magnetite Find
Monday, May 10, 2010
Brynnor Magnetite Mine - Magnetite Targets
Target 1: Magnetite Still in Pit
Target 2: Noranda Developed Magnetite Resource
The resources are summarized below:
Measured plus Indicated
Iron Concentrate 5,750,000 tonnes 63.7% Iron
Inferred
Iron Concentrate 15,140,000 tonnes 63.7% Iron
Target 3: Logan Resources Magnetite Find
Target 2: Noranda Developed Magnetite Resource
The resources are summarized below:
Measured plus Indicated
Iron Concentrate 5,750,000 tonnes 63.7% Iron
Inferred
Iron Concentrate 15,140,000 tonnes 63.7% Iron
Target 3: Logan Resources Magnetite Find
Tuesday, May 4, 2010
Monday, May 3, 2010
Saturday, April 24, 2010
Explanation of Mag Survey Results.
The following TOTAL MAGNETIC FIELD CONTOUR MAP shows the horizontal variation of the total intensity of the magnetic field and, therefore, the areal extent of anomalies. This color map shows only the magnetic highs (as red-purple-violet bullseye targets) and lows (as green-cyan-blue patches).
Magnetic surveys can only detect ferrous metal objects and cannot be used to identify the buried objects.
Featured areas on the map
(1) Magnetic response from magnetite (Iron) that remains under the bottom of the old open pit
.
(2) Magnetic response from magnetite in a site Noranda (the previous mining company) developed for underground mining.
(2a)Area where Noranda drilled to determine the location and amount of magnetite in the ground.
(3) The major new magnetic response discovered by Logan Resources.
(3b)"Logan drilled four holes in 2008 ... These holes hit a shallow north-dipping (20m thick) magnetite horizon, that is in part, consistent with the interpreted magnetic body."
Magnetic surveys can only detect ferrous metal objects and cannot be used to identify the buried objects.
(1) Magnetic response from magnetite (Iron) that remains under the bottom of the old open pit
.
(2) Magnetic response from magnetite in a site Noranda (the previous mining company) developed for underground mining.
(2a)Area where Noranda drilled to determine the location and amount of magnetite in the ground.
The resources are summarized below:
- Measured plus Indicated Iron Concentrate 5,750,000 tonnes 63.7% Iron
- Inferred Iron Concentrate 15,140,000 tonnes 63.7% Iron
(3b)"Logan drilled four holes in 2008 ... These holes hit a shallow north-dipping (20m thick) magnetite horizon, that is in part, consistent with the interpreted magnetic body."
Friday, April 23, 2010
YouTube - Google Earth Tour of Redford Property
First Leg of Tour Orbit to Vancouver and Vancouver Island, Canada
Second Leg of Tour Deep Ocean Harbour at Toquart Bay on Vancouver Island, Canada
Third Leg of Tour Brynnor Magnetite Mine, Vancouver Island, Canada
Aerial View of Brynnor Magnetite Mine, Vancouver Island, Canada
Second Leg of Tour Deep Ocean Harbour at Toquart Bay on Vancouver Island, Canada
Third Leg of Tour Brynnor Magnetite Mine, Vancouver Island, Canada
Aerial View of Brynnor Magnetite Mine, Vancouver Island, Canada
Thursday, April 22, 2010
Press Release: Results of the Ground Magnetic Survey on Redford Property
Vancouver, BC, April 22, 2009 - Logan Resources Ltd. (TSXV:LGR) (the "Company) is pleased to announce the results of the ground magnetic survey on its Redford Property carried out by Orequest Consultants Ltd. in March, 2010. The survey totaled 5.5 km and was carried out with two GEM GSM-19 magnetometers.
The purpose of the survey was to detail the magnetic high associated with the former Noranda, Brynnor Iron Mine. The Brynnor Mine is located approximately 15 km northeast from Ucluelet, B.C.
The survey outlined a magnetic body interpreted to be 400 metres long and up to 110 metres wide. A broad magnetic high is present from the edge of the now flooded Brynnor open-pit, to the limit of the survey. The amplitude of the high varies from 5,500nT to 9,000nT. At line 450E the amplitude of the high diminishes to 2500nT to indicate the end of the anomaly at or near line 450E. Steep, inaccessible terrain on the side of Mount Redford prevents extending the coverage to the east beyond L450E.
When the results are modeled to characterize the cause of the anomaly using induced magnetism with the current magnetic field (I = 70°N and D = 17°E), the following results are obtained. The modeling was done with Geosoft Magpoly V2.21.
These results compare favorably with regard to the width and depth of the known deposit.
Qualitatively, east of the creek on L0 to Ll50E, where most of the drilling and underground development has taken place, the anomalies (in profile) are similar but fall in amplitude from 8,500nT on L0E to 6,000nT on L150E.
From L200E to the eastern limit of the survey, the symmetry of the anomalies changes such that the dip of the model gradually changes to the north and at the same time the amplitude increases to 9,000nT on L300E and L350E, the highest recorded.
In geophysical surveys, it is the top of the target closest to the instrument sensor that produces the majority of the signal and is best resolved. There is no evidence of the bottom of the magnetic body in this case so it would appear to have an appreciable depth extent.
Logan drilled four holes in 2008 to test the east side of the deposit. These holes hit a shallow north-dipping magnetite horizon, that is in part, consistent with the interpreted magnetic body. The remnant model has a dip of 20°N consistent with the drilling.
J.L. LeBel, P.Eng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
ON BEHALF OF THE BOARD
Seamus Young
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The purpose of the survey was to detail the magnetic high associated with the former Noranda, Brynnor Iron Mine. The Brynnor Mine is located approximately 15 km northeast from Ucluelet, B.C.
The survey outlined a magnetic body interpreted to be 400 metres long and up to 110 metres wide. A broad magnetic high is present from the edge of the now flooded Brynnor open-pit, to the limit of the survey. The amplitude of the high varies from 5,500nT to 9,000nT. At line 450E the amplitude of the high diminishes to 2500nT to indicate the end of the anomaly at or near line 450E. Steep, inaccessible terrain on the side of Mount Redford prevents extending the coverage to the east beyond L450E.
When the results are modeled to characterize the cause of the anomaly using induced magnetism with the current magnetic field (I = 70°N and D = 17°E), the following results are obtained. The modeling was done with Geosoft Magpoly V2.21.
| Location | Width | Depth | Dip |
| L0, 0 - 50 N | 50m | 50m | 90° |
| L50E, 0 - 50N | 50m | 50m | 90° |
| L100E, 0 - 50N | 50m | 50m | 90° |
| L150E, 0 - 50N | 50m | 50m | 90° |
| L200E, 12.5S - 37.5N | 50m | 50m | 80°N |
| L250E, 37.5S - 25N | 87.5m | 50m | 60°N |
| L300E, 75S - 37.5N | 112.5m | 50m | 50°N |
| L350E, 75S - 37.5N | 112.5m | 50m | 45°N |
| L400E, 37.5S - 50N | 87.5m | 50m | 35°N |
These results compare favorably with regard to the width and depth of the known deposit.
Qualitatively, east of the creek on L0 to Ll50E, where most of the drilling and underground development has taken place, the anomalies (in profile) are similar but fall in amplitude from 8,500nT on L0E to 6,000nT on L150E.
From L200E to the eastern limit of the survey, the symmetry of the anomalies changes such that the dip of the model gradually changes to the north and at the same time the amplitude increases to 9,000nT on L300E and L350E, the highest recorded.
In geophysical surveys, it is the top of the target closest to the instrument sensor that produces the majority of the signal and is best resolved. There is no evidence of the bottom of the magnetic body in this case so it would appear to have an appreciable depth extent.
Logan drilled four holes in 2008 to test the east side of the deposit. These holes hit a shallow north-dipping magnetite horizon, that is in part, consistent with the interpreted magnetic body. The remnant model has a dip of 20°N consistent with the drilling.
J.L. LeBel, P.Eng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.
ON BEHALF OF THE BOARD
Seamus Young
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sunday, April 18, 2010
Property Visits
Deep Ocean Harbour (>11 km from Pit)
Property Located on Google Map
Redford Project in a larger map
Kobe Steel Joins Mills in Search for Mines as Ore Prices Rise
Bloomberg
March 31, 2010, 4:52 PM EDT
By Masumi Suga and Yasumasa Song
Kobe Steel Ltd., Japan’s fourth- largest mill, may team up with trading companies and a state exploration agency to develop mines as rising costs for steelmaking ingredients squeeze margins, an executive said.
We intend to add green-field exploration to our options in increasing self-sufficiency in iron ore, said Michihide Iwasa, who was appointed officer in charge of raw material and purchasing today. The most desirable destination is Australia, but we won’t be limited to that region.
Steelmakers including Nippon Steel Corp. and South Korea’s Posco are pursuing mine investments as the global economy recovers and demand increases from China, which accounts for half the world’s steel output. Vale SA, the world’s largest iron ore producer, and BHP Billiton Ltd. this week ended a 40-year system of setting annual prices with Asian mills by signing price increases on shorter contracts.
We are facing a period of a radical change in the environment surrounding raw materials for making steel, Iwasa, 53, told reporters on March 17 on condition his comments weren’t published till today. We’ll have to go upstream to cut costs and secure raw materials.
...
Link to original article
March 31, 2010, 4:52 PM EDT
By Masumi Suga and Yasumasa Song
Kobe Steel Ltd., Japan’s fourth- largest mill, may team up with trading companies and a state exploration agency to develop mines as rising costs for steelmaking ingredients squeeze margins, an executive said.
We intend to add green-field exploration to our options in increasing self-sufficiency in iron ore, said Michihide Iwasa, who was appointed officer in charge of raw material and purchasing today. The most desirable destination is Australia, but we won’t be limited to that region.
Steelmakers including Nippon Steel Corp. and South Korea’s Posco are pursuing mine investments as the global economy recovers and demand increases from China, which accounts for half the world’s steel output. Vale SA, the world’s largest iron ore producer, and BHP Billiton Ltd. this week ended a 40-year system of setting annual prices with Asian mills by signing price increases on shorter contracts.
We are facing a period of a radical change in the environment surrounding raw materials for making steel, Iwasa, 53, told reporters on March 17 on condition his comments weren’t published till today. We’ll have to go upstream to cut costs and secure raw materials.
...
Link to original article
Indian iron ore fines is continuing and the CFR prices for 63.5%/63% are reported to have crossed USD 180 per tonne
How long this rally in spot prices of iron ore last
Friday 16 Apr, 2010
The surge in spot prices of Indian iron ore fines is continuing and the CFR prices for 63.5%/63% are reported to have crossed USD 180 per tonne. As a result, FOB India levels have surged by about 15% in last 15 days especially for higher grades.
Market players are totally puzzled and do not understand what is happening, why its is happening and how long it would last. They are highly concerned over the future and sustainability of such levels. It is clear that the surge in iron ore prices is propelled by speculators as the quantum of steel prices hike in Chinese domestic market does not justify so much increase in iron ore import prices.
But the indications are that if this rally continues for some more time, we shall be seeing USD 200 per tonne CFR China for 63.5%/63% soon, especially for prompt shipments as buyers are afraid to take long positions due to looming uncertainties.
...
This week’s rally brings to about 40% gain in just about 34 days
FOB India
Link to Original Article
Friday 16 Apr, 2010
The surge in spot prices of Indian iron ore fines is continuing and the CFR prices for 63.5%/63% are reported to have crossed USD 180 per tonne. As a result, FOB India levels have surged by about 15% in last 15 days especially for higher grades.
Market players are totally puzzled and do not understand what is happening, why its is happening and how long it would last. They are highly concerned over the future and sustainability of such levels. It is clear that the surge in iron ore prices is propelled by speculators as the quantum of steel prices hike in Chinese domestic market does not justify so much increase in iron ore import prices.
But the indications are that if this rally continues for some more time, we shall be seeing USD 200 per tonne CFR China for 63.5%/63% soon, especially for prompt shipments as buyers are afraid to take long positions due to looming uncertainties.
...
This week’s rally brings to about 40% gain in just about 34 days
FOB India
Link to Original Article
POSCO to spend USD 5 billion to secure raw material supplies
POSCO to spend USD 5 billion to secure raw material supplies
Sunday, 18 Apr 2010
Bloomberg reported that Asia’s third biggest steelmaker PSOCO plans to invest about USD 5 billion on overseas mines, joining rival mills scouring the globe for supplies as raw material costs jumped.
Mr Choi Doo Jin a spokesman said that the South Korean steelmaker wants to boost its self sufficiency rate for raw materials to 70% from about 18% confirming remarks by Mr Chung Joon Yang CEO of POSCO in a Korea Economic Daily report. Mr Choi said that the expenditure is for the long term without giving details.
Mr Chung told shareholders that he will pursue investments in overseas mines more aggressively to secure iron ore and coal. He agreed to buy as much as a 15% stake in the Roy Hill iron ore project in Australia this year.
(Sourced from Bloomberg)
Link to Article
Sunday, 18 Apr 2010
Bloomberg reported that Asia’s third biggest steelmaker PSOCO plans to invest about USD 5 billion on overseas mines, joining rival mills scouring the globe for supplies as raw material costs jumped.
Mr Choi Doo Jin a spokesman said that the South Korean steelmaker wants to boost its self sufficiency rate for raw materials to 70% from about 18% confirming remarks by Mr Chung Joon Yang CEO of POSCO in a Korea Economic Daily report. Mr Choi said that the expenditure is for the long term without giving details.
Mr Chung told shareholders that he will pursue investments in overseas mines more aggressively to secure iron ore and coal. He agreed to buy as much as a 15% stake in the Roy Hill iron ore project in Australia this year.
(Sourced from Bloomberg)
Link to Article
Saturday, April 10, 2010
Mag Map fade to Historic Air Photo
Colour Contour Magnetic Survey Map
Mag Map fade to Historic Air Photo
Download Animation or
Watch on YouTube
Historic Air Photo
AIRPHOTO: Brynnor Mines operation 1967
Mag Map fade to Historic Air Photo
Watch on YouTube
Historic Air Photo
Friday, May 29, 2009
Brynnor Deposit is on the Redford Property
Redford Property
- development stage, measured and indicated 6.3 million tonnes, concentrate; 63.7% iron; open along strike and at depth
- skarn hosted magnetite mineralization;
- past open pit producer, 12 km from Pacific port.
- Surface drilling, underground drilling and development in the 1960’s established the presence of the current resource beneath the open pit.
- The underground mineralization is accessible by ramp and amenable to bulk mining and simple magnetic separation to upgrade to high quality concentrate.
- Located on Vancouver Island with established infrastructure (power, water, supplies, manpower).
Tuesday, May 26, 2009
Resource Estimate of the Brynnor Iron Deposit
Technical Report provides Logan Resources Ltd. with a resource estimate and preliminary economic assessment of the Brynnor Iron Deposit, a past producer that is located on the Company’s Redford Property mining claims on Vancouver Island, British Columbia.
The resources are summarised below:
- Measured plus Indicated Iron Concentrate 5,750,000 tonnes 63.7% Iron
- Inferred Iron Concentrate 15,140,000 tonnes 63.7% Iron
Preliminary estimate of the resource could exceed roughly 20 million tonnes of 63.7% Iron concentrate
The value of the 20 million tonnes of iron concentrate if recovered would be more than 3 billion dollars.
Thursday, May 7, 2009
China iron ore imports hit all time record high
China iron ore imports hit an all time record high ... chart shows the dramatic increase over 2008 peak demands
http://tr.im/kLHM (Reuters)
Thursday, April 9, 2009
Congratulations on the signing of your nation's formal treaty
Dear Ha-wiih (Chief) Bert Mac,
My heartiest congratulations on the signing of your nation's formal treaty with the Federal Government. I appreciate that it has taken many years of hard work to achieve this goal. I pledge my utmost co-operation as we move towards a bright future.
Sincerely,
Seamus Young
Tuesday, April 7, 2009
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