Arcus Development Group Inc.: Dawson Gold Airborne Magnetometer Survey Commences
March 30 2011 - 8:00AM
Marketwired
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.
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 www.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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