Jun 21 2017
Arcus Development Group Inc. provides the following updates related to its wholly-owned Dan Man and Touleary properties, both located in the White Gold District of Yukon Territory.
Dan Man Property
Preparation for the 2017 exploration program at the Dan Man property is nearing completion. The Dan Man property is located immediately north and adjacent to the Goldcorp Inc. ("Goldcorp") Coffee project. The Arcus program is expected to begin in late July and will include reverse circulation drilling, soil sampling, geological mapping and prospecting.
The primary focus of the 2017 drilling will be to test a number of coincident structural and geochemical features in the Kwazulu, Kambaa and Rooibos zones. The program has been budgeted at $1,260,000 and will be carried out by Arcus personnel with some logistical support from Goldcorp.
Arcus has recently added 91 new mineral claims to its Touleary property. The new claims were acquired through staking following a reinterpretation of existing Touleary exploration data by Arcus. The new claims cover prospective volcanogenic massive sulphide ("VMS") targets located in an existing gap between the Touleary property to the south and the White Gold property to the north. The White Gold property was recently acquired by White Gold Corp. from Kinross Gold Corporation (see White Gold Corp. news release dated June 14, 2017).
The Touleary property is the location of the first significant VMS system identified in the White Gold District. The Touleary VMS system was discovered by Arcus as part of a five hole (935 m) diamond drill program in 2011. The best drill intersection from the limited 2011 program was a 2.25 m interval containing 7.18% Cu, 116 g/t Ag, 3.55 g/t Au and 4.30% Zn.
The technical information in this news release has been prepared and approved by William A. Wengzynowski, P. Eng., a consultant to Arcus and a qualified person for the purposes of National Instrument 43-101.