Arcus Makes New VMS Discovery in Yukon White Gold District Drills 14.15 Metres of 1.44% Cu, 16.5 g/t Ag and 0.77 g/t Au
October 04 2011 - 6:00AM
Marketwired
Arcus Development Group Inc. (TSX VENTURE:ADG) ("Arcus") is pleased
to announce the discovery of the first significant volcanogenic
massive sulphide (VMS) system in the White Gold District of north
central Yukon at its Touleary property. 2011 diamond drilling
targeted a 300 by 100 m area within a 1,200 m long zone of
coincident geophysical and intermittent gold-in-soil geochemical
anomalies. Highlights from the five hole (935 m) drill program
include:
-- High-grade copper-silver-gold-zinc mineralization grading up to 7.18%
Cu, 116 g/t Ag, 3.55 g/t Au and 4.30% Zn across 2.25 m;
-- Near surface intersections starting at 64.21 m;
-- Excellent lateral continuity within the initial 300 m area drill tested;
and
-- Onsite road access.
Results for the five Touleary drill holes are shown below:
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From To Interval Cu Ag Au Zn
Hole # (m) (m) (m)(i) (%) (g/t) (g/t) (%)
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TL-11-01 85.61 91.70 6.09 1.37 14.5 0.80 0.41
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TL-11-02 124.00 127.17 3.17 2.38 32.9 2.01 1.38
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TL-11-03 64.21 64.80 0.59 1.42 36.4 1.15 2.81
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90.36 90.97 0.61 4.01 73.9 2.18 0.93
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TL-11-04 93.88 106.75 12.87 0.21 7.69 0.55 -
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TL-11-05 115.62 117.87 2.25 7.18 116 3.55 4.30
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124.50 138.65 14.15 1.44 16.5 0.77 0.29
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including 128.25 134.92 6.67 1.99 27.3 1.22 0.58
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(i) Intervals reported are drilled thicknesses believed to represent
approximately 70 to 90% of the true thickness.
The Dawson area, including the White Gold District is underlain
by rocks of the Yukon Tanana Terrane and is considered highly
favorable for VMS style mineralization. A cluster of VMS deposits
in the Finlayson District, 450 km to the southeast are hosted in
the same Yukon Tanana Terrane stratigraphy. Certain parts of the
Dawson area and the Finlayson District are believed to have been
linked as part of a concurrent back-arc/basinal environment prior
to displacement along the Tintina Fault.
The most notable deposit in the Finlayson District is Yukon Zinc
Corporation's Wolverine Deposit where a NI 43-101 measured and
indicated mineral resource is reported at 4.46 Mt grading 12.14%
zinc, 354.8 g/t silver, 1.16% copper, 1.70 g/t gold and 1.58% lead
(Yukon Zinc Corporation Technical Report, 2007).
"Exploration activity in the Dawson area, including the White
Gold District in the early 1990's was largely directed toward VMS
potential in response to the discovery of various VMS deposits in
age equivalent rocks in the Finlayson District," stated Ian Talbot,
the Arcus President. "The Touleary discovery represents the first
significant VMS mineralization reported in the White Gold District.
Having only drilled 25% of the 1,200 m trend of coincident
geophysical and geochemical anomalies, the exploration potential at
the Touleary property remains largely untested."
Arcus is currently completing a 740 line km close spaced
airborne Vertical Time Domain Electromagnetic (VTEM) survey at the
Touleary property to identify areas of high chargeability that may
represent thicker accumulations of massive sulphide along the
current mineralized trend.
Host rocks at Touleary are pervasively sericitized fine
tuffaceous felsic-to-intermediate volcaniclastic units with narrow
intervals of weakly preserved fragmental textures. These rocks
coincide with a laterally continuous linear magnetic low feature
identified by a detail airborne magnetic survey completed by Arcus
in the spring of 2011. This feature, although structurally offset
at a number of locations, can be traced along strike from the
discovery for a distance in excess of 5 km.
Sulphide mineralization within the volcaniclastic horizon(s) is
dominantly pyrite and occurs as moderate to heavily disseminated
concentrations and rarer semi-massive to massive bands. Much of the
mineralization is coarsely recrystallized and remains roughly
parallel to foliation but evidence of primary finely laminated
textures has largely been destroyed. Copper mineralization is
present as chalcopyrite and rarer covellite. These sulphides
preferentially occur in the middle to lower portion of the felsic
volcaniclaistic intervals as fine foliaform wisps, clots and
aggregates plus coarsely recrystallized masses believed to be
strain induced near the apex of folds.
Updated maps, sections and photos of the Touleary project can be
viewed on the Arcus website (www.arcusdevelopmentgroup.com).
Dan Man Update
The 2011 diamond drilling and auger soil sampling programs on
the Dan Man property were completed in late August. The Dan Man
property is located immediately north of Kaminak Gold Corporation's
Coffee property. The 10 hole (1,500 m) drill program was designed
to test four separate structural zones along a 2.5 km portion of
the property. Results will be reported once all assays have been
received and interpreted.
QA/QC
Samples were forwarded to ALS Minerals in Whitehorse, Y.T. where
they were fine crushed before a 250 gram split was pulverized to
better than 85% passing 75 microns. Pulps were then analyzed at ALS
Minerals in North Vancouver, B.C. where splits of the pulverized
fraction were dissolved in aqua regia and analyzed for 35 elements
using inductively coupled plasma (ICP) together with atomic
emission spectroscopy (AES). Over limit analyses for specific
elements were further analysed to completion using the OG 46
method. Gold analyses were by the Au-AA24 procedure that involves
fire assay preparation using a 50 gram charge with an atomic
absorption spectroscopy finish.
Rigorous procedures are in place regarding sample collection,
chain of custody and data entry. Certified assay standards,
duplicate samples and blanks are routinely inserted into the sample
stream to ensure integrity of the assay process.
The technical information in this news release has been prepared
and approved by William A. Wengzynowski, P. Eng., a director of
Arcus and a qualified person for the purposes of National
Instrument 43-101.
On behalf of Arcus Development Group Inc.
Ian J. Talbot, President and 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.comwww.arcusdevelopmentgroup.com
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