Arcus Development Group Inc.: Multiple Anomalies Identified on Dawson Gold Properties
09 Dezembro 2009 - 9:00AM
Marketwired
DAWSON GOLD PROJECT, YUKON, CANADA
Arcus Development Group Inc. (TSX VENTURE: ADG) announces that
it has identified multiple geochemical anomalies on its Dawson Gold
project properties. The properties consist of four separate claim
blocks held by Arcus under option from ATAC Resources Ltd. (TSX
VENTURE: ATC) and cover an area of approximately 77 square
kilometres located 100 kilometres south of Dawson City, Yukon.
The 2009 work program completed by Arcus consisted of deep auger
soil sampling, prospecting and geological mapping on each of the
Green Gulch, Touleary, Dan Man and Shamrock claim blocks. In-soil
gold anomalies were identified on the Green Gulch and Touleary
properties 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 individual claim blocks and the
various anomalies described below can be viewed on the Arcus
website (www.arcusdevelopmentgroup.com).
A summary of the results from each of the Green Gulch, Touleary
and Shamrock properties is presented below. Results from the work
on the Dan Man property will be announced as soon as Arcus has
completed its interpretation of the 2009 data.
1. Green Gulch
The Green Gulch property lies immediately south of and is
contiguous with Underworld Resources Inc.'s White Gold property. A
total of 2,370 deep auger soil samples and 29 rock samples were
collected during the 2009 work program. Gold-in-soil values for the
property range from less than 10 to 251 ppb. Three soil samples
from the northwestern portion of the property returned gold-in-soil
values ranging from 128 to 251 ppb Au.
"Based on the geology in Underworld's McKinnon trenches just
across the northern claim boundary and the presence of a fine
grained mafic metavolcanic unit in road cuts across the top of our
claim block, we believed that the northwest portion of the Green
Gulch property would produce some anomalous gold-in-soil values,"
stated Eric Tweedie, the Arcus VP of Exploration. "Knowing the
geology immediately to the north and the difficult sampling
conditions, we view these gold-in-soil anomalies as significant
developments."
2. Touleary Property
The Touleary property is located immediately adjacent to
Underworld's Black Fox property, in the headwaters of three creeks
that host historic and active placer gold operations. A total of
2,166 deep auger soil samples and 65 rock samples were collected
during the 2009 work program. The widely spaced soil geochemical
survey covered approximately 66% of the property and identified one
main gold-in-soil anomaly (the "Lynx Anomaly") and numerous smaller
and weaker anomalies.
The Lynx Anomaly is characterized by elevated gold values within
a 1600 by 150 m, northeasterly elongate zone which lies along
strike from mineralization and soil geochemical anomalies on the
Black Fox claims. Samples within the Lynx Anomaly typically
returned values between 20 and 50 ppb gold, with a peak value of
304 ppb gold. There is no apparent correlation between arsenic or
antimony and gold in the area.
Prospecting at Touleary was done before soil results were
available and was limited to ridge tops and pre-existing road cuts.
An angular piece of limonitic quartz vein float was identified in a
road cut 300 m east of the Lynx Anomaly and a sample of this vein
material returned an assay value of 2.80 g/t gold (the "Bobcat
Showing"). Fragments of banded limonite taken from another road cut
approximately 500 m southwest of the Lynx Anomaly returned an assay
value of 1.59 g/t gold (the "Panther Showing"). Soil samples
collected in the vicinity of this sample yielded only background
values for gold and other pathfinder elements.
3. Dan Man Property
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 tightly spaced
soil grids were sampled over areas where results from a Niton
portable XRF analyzer indicated elevated arsenic values. Results
from the 2009 program will be announced as soon as Arcus has
completed its data compilation and interpretation.
4. Shamrock Property
The 2009 field program for the Shamrock property comprised
reconnaissance-scale soil sampling and prospecting. A total of 141
deep auger soil samples and 18 rock samples were collected for
assay.
Results from soil geochemistry were generally low. However, two
spot anomalies were identified which returned 32 ppb gold and 242
ppm arsenic respectively. No rock samples were taken in the
vicinity of the anomalous soil samples.
2010 Work Program
The initial 2010 work on the Green Gulch and Touleary properties
will commence as early in the spring as field conditions in the
Yukon permit. Contingent upon the results from the early trenching
and in-fill auger sampling programs, Arcus intends to drill test
potential targets as the second phase of the 2010 work program.
Additional deep auger soil sampling will be completed on the
Shamrock property as part of the second phase program in 2010.
The technical information in this news release has been reviewed
by William A. Wengzynowski, P.Eng., a qualified person for the
purposes 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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