Arcus Development Group Inc.: Additional Dawson Gold Results
05 Gennaio 2010 - 12:00PM
Marketwired
Arcus Development Group Inc. (TSX VENTURE: ADG) announces that it
has completed its analysis of the results from 2009 work at the Dan
Man property located 100 kilometres south of Dawson City, Yukon.
The Dan Man property consists of 109 mineral claims, covers an area
of approximately 21 square kilometres and is one of four separate
claim blocks held by Arcus under option from ATAC Resources Ltd.
(TSX VENTURE: ATC).
The 2009 work program consisted of deep auger soil sampling,
prospecting and geological mapping. Two in-soil gold anomalies were
identified on the Dan Man property and will be the focus of
mechanical trenching and in-fill deep auger soil sampling programs
in the spring of 2010. Maps showing the location of the property
and the anomalies described below can be viewed on the Arcus
website (www.arcusdevelopmentgroup.com).
The Dan Man property lies immediately north of and is adjacent
to Kaminak Gold Corporation's Coffee claims. A total of 617 deep
auger soil samples and 46 rock samples were collected on the Dan
Man claims during the 2009 program. For the most part, only low
density soil sampling was completed; however, two more tightly
spaced soil grids were sampled over areas where results from a
Niton portable XRF analyzer indicated elevated arsenic values. Both
grids yielded anomalous gold-in-soil results.
The Kambaa Anomaly is the larger and stronger of the two soil
anomalies and consists of a 600 m long by a 200 m wide zone of
anomalous gold, arsenic and antimony-in-soil response. Gold values
range from 20 to 132 ppb. The Kwazulu Anomaly is a 400 m by 100 m,
northeast-trending zone with coincident gold and arsenic-in-soil
values and weakly anomalous antimony-in-soil values. Gold values
range from 20 to 74 ppb and the anomaly is open to the east.
The most anomalous rock sample from the Dan Man property was an
altered quartz-mica schist with limonitic pits and relict pyrite
mineralization that assayed 1.69 g/t gold. This sample was
collected from a large, locally weathering talus slope roughly half
way between the Kwazulu and Kambaa anomalies. The bedrock source of
this sample has not yet been identified.
Initial 2010 work on the Dan Man, Green Gulch and Touleary
properties will commence as early in the spring as field conditions
in the Yukon permit. Mechanical trenching and in-fill deep auger
soil sampling programs will be carried out on all three properties.
Results from 2009 work on the Green Gulch and Touleary properties
were previously announced (see December 9, 2009 news release).
Contingent upon the results from the initial 2010 trenching and
in-fill auger sampling programs, Arcus intends to drill test
potential targets as the second phase of the 2010 work program.
The technical information in this news release has been reviewed
by William A. Wengzynowski, P.Eng., a qualified person for the
purpose of National Instrument 43-101.
Multi-element determinations for soil and rock samples were
carried out at ALS Chemex in North Vancouver, B.C. Soil samples
were dried and sieved to -80 mesh. The fine fraction was then
analyzed for gold using fire assay followed by atomic absorption
(AA) finish and for 34 other elements using a nitric acid-aqua
regia digestion and ICP analysis. Rock samples were dried, fine
crushed to better than 70% passing -2 mm and then a 250 g split was
pulverized to better that 85% passing 75 micron. The fine fraction
was analyzed for gold and 34 other elements using the same
procedures as were used for the soil samples.
About Arcus:
The Arcus business model is to acquire interests in quality
mineral prospects by way of joint venture or other collaborative
arrangement with exploration groups recognized in the industry as
superior project generators. Current Arcus projects include gold
prospects in Yukon and Mexico. Arcus is a well structured,
Vancouver based mineral exploration company operated by experienced
management.
On behalf of Arcus Development Group Inc.
Ian J. Talbot, President & CEO
CAUTIONARY NOTE: This news release includes certain
"forward-looking statements". Other than statements of historical
fact, all statements included in this release, including, without
limitation, statements regarding future plans and objectives of
Arcus Development Group Inc., are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Arcus Development Group Inc.'s
expectations are the risks detailed herein and from time to time in
the filings made by Arcus Development Group Inc. with securities
regulators. Those filings can be found on the Internet at
http://www.sedar.com.
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.
Contacts: Arcus Development Group Inc. Grant Longhurst Corporate
Communications (604) 506-2445 (604) 688-2578 (FAX)
grant@arcusdevelopmentgroup.com Arcus Development Group Inc. Ian J.
Talbot President & CEO (604) 687-2522 (604) 688-2578 (FAX)
ian@arcusdevelopmentgroup.com www.arcusdevelopmentgroup.com
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