Logan Copper Inc.: Strategic Acreage Acquired Contiguous to Dansey Prospect
October 14 2010 - 9:45AM
Marketwired Canada
Logan Copper Inc. (the "Company" or "Logan"), (TSX VENTURE:LC) announces it has
entered into an agreement to acquire a 100% interest in 5 mineral claims from an
arm's length vendor for cash consideration of $32,168 Cdn. These five claims
consist of approximately 6,330 acres and are contiguous to Logan's "Dansey"
Copper Prospect, in central BC. These claims are strategically located to the
North of the "Dansey" prospect, where drilling has recently commenced to test
the newly discovered "Northern" and "Midway" Anomalies. The "Dansey" Copper
Prospect is contiguous to Teck Resources Ltd. "Highland Valley" copper mine,
currently Canada's largest actively producing copper mine. There is no NSR
applicable to this transaction.
Upon completion of this acquisition Logan will hold a total of 136 mineral
claims for a total of 135,935 acres.
Logan Copper's President and CEO, Thal S. Poonian, stated "We are pleased to
have strategically expanded our "Dansey" prospect next to Teck's "Highland
Valley" mine. Drilling has recently commenced and is designed to test multiple
new anomalies that have been discovered at depth below previous 2008 drilling.
Assay results are expected to be available shortly, following the completion of
drilling and geophysics."
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 22,634,440
common shares issued and outstanding.
On behalf of the Board of Directors of LOGAN COPPER INC.
Thal S. Poonian, CEO/President/Director
Logan Copper Inc. (TSXV:LC)
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