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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. ("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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