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ADG Arcus Development Group Inc

0.015
0.00 (0.00%)
16 May 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 Starts 2011 Dawson Gold Program

08/06/2011 8:33pm

Marketwired Canada


Arcus Development Group Inc. ("Arcus") (TSX VENTURE:ADG) announces that crews
have been mobilized into the Dawson Gold project area. In-fill auger soil
sampling has commenced and diamond drilling is expected to begin early next
week.


The initial 2011 work program will consist of diamond drill testing of a number
of coincident geochemical and geophysical anomalies on each of the Touleary and
the Dan Man properties. The number of holes to be completed at each location
will be contingent upon drill results but the first phase is expected to include
up to six drill holes on each of the Touleary and Dan Man properties.


Ridge crest and spur auger soil sampling will be conducted early in the season
over a number of priority target areas on claims staked by Arcus at the end of
the 2010 field program. Detailed in-fill auger soil sampling over existing soil
geochemical and geophysical anomalies will also be completed on each of the
Touleary and Dan Man properties.


The initial 2011 work program has been budgeted at $1,100,000 and will be
completed by early July. All samples from the initial drill holes and the
in-fill soil grids will be assayed on an expedited basis to allow for follow-up
work during the latter part of the 2011 field season. A second phase of drilling
will commence in early August, contingent upon the results from the initial
drilling and soil sampling.


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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