First page of Logan Resources:
In addition to its portfolio of Canadian-based projects, Logan has recently announced the signing of an option and joint venture agreement with Premium Exploration Ltd. to earn up to 75% of the Idaho Gold Project, a district-scale exploration project located along the Orogrande Shear Zone of north-central Idaho, USA.
Contained within the project area is the Friday-Petsite gold deposit with an Indicated Mineral Resource estimate of 629,000 oz (21.5 Mt @ 0.91 g/t Au) and an Inferred Mineral Resource estimate of 146,000 oz (5.9 Mt @ 0.77 g/t Au). The project area also contains several zones of gold mineralization, all of which are underexplored by today's standards. Logan's goal is to identify and develop a number of gold deposits within what it considers a very prospective 18,000 hectare land package.
So what is this? Is Logan new Premium Exploration, how much cash they have? What they achieved until now? How they will pay obligation to PEM, they are worth some few $Millions, what's that Del?
GLTA
