Arcus Samples 5 Metres of 2.59 g/t Gold and 20.0 g/t Silver at Its Touleary Property, Yukon
25 8월 2010 - 9:30PM
Marketwired
Arcus Development Group Inc. ("Arcus") (TSX VENTURE: ADG) provides
an update on the 2010 trenching programs at its Touleary, Dan Man
and Green Gulch properties, all located in the White Gold area,
Yukon Territory.
To date, a total of 13 trenches have been initiated as part of
the 2010 program (four at Green Gulch, six at Touleary and three at
Dan Man). The three trenches at the Dan Man property and five of
the trenches at the Touleary property have not been excavated to
bedrock and work is ongoing. The four trenches at Green Gulch and
one trench at Touleary have been completed and have been sampled.
The results from the Green Gulch trenches are pending.
Samples from the completed trench at the Touleary property (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.
The 2.59 g/t gold sample was collected from an iron stained
(oxidized) and decomposed kaolinite-muscovite schist. The 1.025 g/t
gold sample was taken from a silicified zone with broken, blocky
quartz. Two parallel trenches, approximately 100 m to the east and
west of TL 10-04 are being excavated to test for possible strike
extensions of the gold zone exposed in TL 10-04. The mapping and
sampling of these two additional trenches is expected to be
completed by the first week in September.
"We are encouraged by the geology and the gold numbers in the
one completed trench at the Touleary property," reported Ian
Talbot, the Arcus President. "However, the heavy permafrost at all
three of our properties has resulted in our sampling programs being
eight to ten weeks behind schedule. We anticipate that most of the
proposed trenches at the Touleary and Dan Man properties will be
excavated to bedrock and sampled by mid-September."
Excavating exploration trenches to bedrock in areas of
permafrost is a multiple step process. A trench is initially
excavated to the maximum depth possible and then abandoned for a
period of time to allow the frozen organic and soil layers to thaw.
The process is repeated as many times as is required to extend the
trench to bedrock. Once at bedrock, the geology is mapped and the
rocks are sampled. The information obtained through the mapping and
sampling of the bedrock in trenches is the basis upon which drill
targets are selected.
Analytical work is being done by ALS Chemex with sample
preparation in Whitehorse and assays and geochemical analyses in
North Vancouver. 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).
The Arcus exploration program is being conducted by Archer,
Cathro & Associates (1981) Limited. The technical information
in this news release has been reviewed by Heather Smith, B.Sc.,
PGeo, 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 Arcus Development Group Inc. Ian J.
Talbot President & CEO (604) 687-2522 (604) 688-2578 (FAX)
ian@arcusdevelopmentgroup.com www.arcusdevelopmentgroup.com
Arcus Development (TSXV:ADG)
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