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ADG Arcus Development Group Inc

0.015
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcus Development Group Inc TSXV:ADG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.015 0.015 0.025 0 01:00:00

Arcus Development Group Inc.: Dawson Gold Airborne Magnetometer Survey Commences

30/03/2011 1:00pm

Marketwired Canada


Arcus Development Group Inc. ("Arcus") (TSX VENTURE:ADG) has begun an airborne
magnetometer survey over its Dawson Gold project area. The high resolution
aeromagnetic survey will cover approximately 7,800 line kilometres at 100 m line
spacing with tie lines every 1,000 m. The survey will be completed by mid-April
2011 and the data interpretation is expected by early May 2011.


Arcus has commissioned Precision GeoSurveys Inc. of Vancouver, British Columbia
to conduct the survey using a Bell 206B helicopter equipped with a nose-mounted
cesium vapor magnetometer. Data interpretation will be carried out by Condor
Consulting Inc. of Lakewood, Colorado. 


Based on the Arcus exploration results to date and those announced by other
companies working in the district, gold mineralization in the White Gold area
appears to be hydrothermal in nature and structurally controlled. The airborne
magnetometer survey is being conducted to identify structural features in the
Dawson Gold project area and to allow Arcus to prioritize targets for detailed
soil sampling and ground based geophysical surveys prior to drill testing in
2011.


The Dawson Gold project is located in the White Gold area approximately 100
kilometres south of Dawson City, Yukon Territory. It is comprised of the
Touleary, Dan Man, Green Gulch and Shamrock claim blocks, all under option from
ATAC Resources Ltd. Collectively, the four claim blocks contain 1,348 mineral
claims and cover an area of approximately 28,000 hectares. The Green Gulch and
Touleary claims are located immediately adjacent to Kinross' White Gold
property, while the Dan Man claims are located immediately north of Kaminak's
Coffee claims.


The technical information in this news release has been reviewed by Heather
Smith, P.Geo., a qualified person for the purposes of National Instrument
43-101.


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.


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