Logan Resources CEO Mark Morabito steps down

Logan Resources Ltd (CVE:LGR) has appointed Richard Grayston as interim chief executive officer (CEO) of the company in place of Mark Morabito.

Grayston has spent 30 years in public company management and as a finance and economics consultant. He sits on the board of several different public companies.

In addition, Olen Aasen has been appointed as a member of the board of directors of the company in replacement of Morabito.

Aasen is a corporate and securities lawyer with more than 11 years of experience in corporate, securities, mining and regulatory matters.

Morabito will continue to be involved with the company in an advisory capacity through his role as chairman and CEO of King & Bay West Management Corp.

The gold explorer recently unveiled positive drilling results from the four hole drilling program conducted on its Antelope project in June.

Logan believes the Antelope project warrants further exploration, and is already planning the next phase of work, which will focus on detailed delineation of the altered dikes, including ground geophysical surveys and geologic mapping.

Story by ProactiveInvestors