Arcus Development Group Inc.: Dawson Gold Trenching Program Remains Unfinished
2010年10月12日 - 9:00PM
Marketwired
Arcus Development Group Inc. ("Arcus") (TSX VENTURE: ADG) has
received all of the results from the 2010 trenching work at its
Dawson Gold project. The Dawson Gold project consists of the
Touleary, Dan Man, Green Gulch and Shamrock properties, all located
in the White Gold area, Yukon Territory.
Mechanical trenching programs were initiated at each of the
Touleary, Dan Man and Green Gulch properties during the summer of
2010. No work was undertaken on the Shamrock property during
2010.
Arcus management considers the 2010 excavator trenching program
at the Dawson Gold project a qualified success. Gold zones
requiring additional work were identified in trenches at each of
the Touleary and Green Gulch properties. However, as a result of
frozen ground conditions the majority of the gold-in-soil anomalies
could not be tested to target depth or extension. All unfinished
trenches will be completed and sampled as part of the 2011 work
program. Over the course of the winter, Arcus and its geological
consultants will investigate alternate methods to excavator
trenching for testing gold-in-soil geochemical anomalies in frozen
ground.
The results of the 2010 trenching programs are as follows:
1. Touleary Property - Four trenches totaling 562 m were
completed and 138 samples were collected. As reported on August 25,
2010, 42 samples from trench 4 (TL 10-04) were collected over a
trench length of 204 m. A 34 m section of that trench yielded a
weighted average grade of 0.82 g/t gold and 14.3 g/t silver. Within
the 34 m section were two 5 m sample intervals which assayed 2.59
g/t gold with 20.0 g/t silver and 1.025 g/t gold with 28.8 g/t
silver.
An additional 86 samples were collected from trenches TL 10-03,
05 and 06 over a combined length of 358 m. None of these samples
returned any significant assay values as the trenches were not
completed to the intended target depths or areas. Trenches TL-10-01
and 02 totaling 550 m in length were not sampled as these trenches
were not completed to bedrock due to frozen ground conditions.
2. Green Gulch Property - 128 samples were collected from four
trenches at the Green Gulch claim block. The combined length of the
four trenches was 628 m. Assay results from a 20 m section of
trench 2 (GG-10-02) yielded a weighted average grade of 0.294 g/t
gold. No significant assay results were returned from any of the
other three trenches at Green Gulch.
3. Dan Man Property - Three trenches totaling 598 m in length
were sampled at the Dan Man property. No significant assay results
were returned from any of the 120 trench samples collected. Due to
frozen ground conditions, none of the Dan Man trenches were
completed to the intended target depth or areas.
The 2010 trenching program was conducted on behalf of Arcus by
Archer, Cathro & Associates (1981) Limited. The technical
information in this news release has been reviewed by Heather
Smith, B.Sc., P.Geo., a qualified person for the purposes of
National Instrument 43-101.
Samples were processed by ALS Chemex with sample preparation in
Whitehorse, Yukon and assays and geochemical analyses in North
Vancouver, British Columbia. The samples were initially analyzed
for gold by fire assay followed by atomic absorption (Au-AA24) and
35 other elements by inductively coupled plasma-atomic emission
spectroscopy (ME-ICP41).
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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