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).
  

  

  
  

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.

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)