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Arcus samples 5 metres of 2.59 g/t gold and 20.0 g/t silver at Touleary, Yukon
2010-08-25 08:34:48

August 25, 2010 – Vancouver, British Columbia:

Arcus Development Group Inc. (“Arcus”) 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.

Arcus closes $1 million placement
2010-08-05 21:51:24

August 5, 2010 – Vancouver, British Columbia:

Arcus Development Group Inc. (“Arcus”) announces that it has completed the $1 million non-brokered private placement announced on July 19, 2010. The financing consisted of 3,750,000 flow-through shares and 1,250,000 non-flow-through units. Each unit was comprised of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one Arcus share at any time prior to February 5, 2012 at a cost of $0.35. The flow-through shares and the non-flow-through units were each sold at a price of $0.20.

In connection with the private placement, Arcus has paid cash finder’s fees of $60,000 and issued 400,000 finder’s warrants to arm’s length finders. Each non-transferable finder’s warrant may be exercised at a price of $0.35 at any time prior to February 5, 2012 and entitles the holder to acquire one Arcus share. All securities issued as part of the private placement are subject to a hold period and may not be resold until December 6, 2010.

The flow-through proceeds from this financing will be used to fund ongoing work programs at the Dawson Gold project, located in the White Gold area of the Yukon Territory. The non-flow-through portion of the private placement will be used as general working capital.

“Assay results from the trenching programs already completed on the Green Gulch and the Touleary properties are expected within the next 10 days, reported Ian Talbot, the Arcus President. “The crew and equipment has been mobilized to the Dan Man property and that trenching program should begin this week”.

Arcus closes $1.5 million flow through private placement
2010-07-28 09:09:31

July 28, 2010 – Vancouver, British Columbia:

Arcus Development Group Inc. (“Arcus”) announces that it has completed the non-brokered private placement previously announced on June 16, 2010.

The financing consisted of 7,670,000 flow-through common shares at a price of $0.20 per share for gross proceeds of $1,534,000. The private placement was oversubscribed by $34,000.
Of the 7,670,000 shares sold under this placement, 2,800,000 shares were purchased by the MineralFields Group. Following the completion of this placement, the MineralFields Group holds a total of 5,186,306 Arcus shares and 2,916,306 Arcus share purchase warrants. The MineralFields Group and Limited Market Dealer Inc. have provided the TSX Venture Exchange and Arcus with an undertaking not to exercise any Arcus warrants if doing so will result in the MineralFields Group acquiring greater than 20% of the issued Arcus share capital (a Control Person).

In connection with the private placement, Arcus paid cash finder’s fees of $74,450 and issued 503,000 finder’s warrants to arm’s length finders. Each finder’s warrant is exercisable at a price of $0.25 until July 27, 2011 and entitles the holder to acquire one non-flow-through Arcus common share. All securities issued as part of the placement, including the flow-through shares, the finder’s warrants and any non-flow-through shares issued upon the exercise of the finder’s warrants, are subject to a regulatory hold period and may not be resold until November 28, 2010.

On July 19, 2010, Arcus announced a $1 million non-brokered unit private placement. That placement is expected to be completed during the first week of August.

The ongoing mechanical trenching programs at the Green Gulch and Touleary properties are nearing completion. Final arrangements are being made for the mobilization of the crew and equipment to the Dan Man property where trenching is expected to begin in early August. Assay results from all trenching will be announced as soon as results are available.

Arcus announces flow-through financing and expansion of Yukon land package
2010-06-16 10:51:15

June 16, 2010 – Vancouver, British Columbia:

Arcus Development Group Inc. (the “Company”) announces that subject to regulatory approval, it will carry out a non-brokered private placement of flow-through shares. Up to 7,500,000 flow-through shares will be sold at $0.20 per share for proceeds of $1,500,000. Funds from the placement will be used to finance 2010 work on the Company’s projects in the Yukon.

The Company’s Yukon gold projects consist of the Green Gulch and the Touleary properties, immediately adjacent to the Underworld Resources White Gold property and the Dan Man property, immediately adjacent to the Kaminak Gold Coffee property. Maps showing the locations of the properties can be viewed on the Arcus website.

The Company also announces that it has increased the size of its Dan Man property through the addition of 203 new mineral claims. These new claims are located immediately north of the Company’s original Dan Man claims and were acquired through staking. “Based on the encouraging results from Kaminak’s initial drilling on its Coffee claims, Arcus has significantly increased the size of its Dan Man claim block and is accelerated its 2010 exploration programs in the White Gold area,” reported Ian Talbot, the Company President.

Phase one of the Company’s 2010 Yukon program will focus on mechanically trenching soil and rock geochemical anomalies identified at each of the Dan Man, Green Gulch and Touleary properties in 2009. The phase two program will consist of the drill testing of targets identified during the stage one trenching program.

Yukon and Mexican Project Update
2010-05-13 11:11:27

May 13, 2010 – Vancouver, British Columbia:

Arcus Development Group Inc. (ADG: TSX-V) provides the following update on its Yukon and Mexican exploration projects:

Yukon Projects

Arcus will carry out a two staged exploration program on three of its Yukon projects in 2010. The projects are all located in the White Gold area, approximately 100 kilometres south of Dawson City, Yukon. The Green Gulch and the Touleary properties are immediately adjacent to the Underworld Resources White Gold property. The Dan Man property is immediately adjacent to the Kaminak Gold Coffee property. Maps showing the locations of the properties can be viewed on the Arcus website.

Stage one of the 2010 Yukon program will involve mechanical trenching to follow-up soil and rock geochemical anomalies identified during the 2009 program. Stage two of the program will consist of the drill testing of targets identified during the trenching program.

The trenching program will start as soon as local weather and ground conditions permit. The Green Gulch and the Touleary properties will be trenched at the same time to maximize the time available for stage two drilling. The Dan Man property will be trenched last as the ground frost conditions at Dan Man persist later into the year than at Green Gulch or Touleary.

“The trenching program will be carried out in a very cost effective manner”, stated Ian Talbot, the Arcus President. “The equipment being used has been contracted from local placer miners so the mobilization costs will be minimal. Using locally available equipment also allows Arcus to work on the Green Gulch and the Touleary properties at the same time as we will have access to two excavators.”

Mexican Projects

Arcus announces that it has terminated its option on the Chapalota property located in Sinaloa, Mexico. The property was held under option from Riverside Resources Inc. Arcus retains no interest in the property. “A fairly extensive sampling and mapping program over the Chapalota property did not produce any results that warranted additional work”, reported Eric Tweedie, the Arcus Vice President of Exploration. “We believe that we have given the Chapalota property a thorough first pass and feel it is now time to focus our attention elsewhere”.

A second Mexican gold project held by Arcus under option from Riverside Resources is La Ventosa, located in Oaxaca, Mexico. This option remains in good standing and requires Arcus to incur exploration expenditures of $250,000 by mid-September, 2010. Arcus is in the process of planning its 2010 program and expects to start work at La Ventosa later this spring.

Additional Dawson Gold Results
2010-01-05 14:37:09

Arcus Development Group Inc. (ADG: TSX-V) announces that it has completed its analysis of the results from 2009 work at the Dan Man property located 100 kilometres south of Dawson City, Yukon. The Dan Man property covers an area of approximately 77 square kilometres and is one of four separate claim blocks held by Arcus under option from ATAC Resources Ltd. (ATC: TSX-V).

The 2009 work program consisted of deep auger soil sampling, prospecting and geological mapping. Two in-soil gold anomalies were identified on the Dan Man property and will be the focus of mechanical trenching and in-fill deep auger soil sampling programs in the spring of 2010. Maps showing the location of the property and the anomalies described below can be viewed on the Arcus website (www.arcusdevelopmentgroup.com).

The Dan Man property lies immediately north of and is adjacent to Kaminak Gold Corporation’s Coffee claims. A total of 617 deep auger soil samples and 46 rock samples were collected on the Dan Man claims during the 2009 program. For the most part, only low density soil sampling was completed; however, two more tightly spaced soil grids were sampled over areas where results from a Niton portable XRF analyzer indicated elevated arsenic values. Both grids yielded anomalous gold-in-soil results.

The Kambaa Anomaly is the larger and stronger of the two soil anomalies and consists of a 600 m long by a 200 m wide zone of anomalous gold, arsenic and antimony-in-soil response. Gold values range from 20 to 132 ppb. The Kwazulu Anomaly is a 400 m by 100 m, northeast-trending zone with coincident gold and arsenic-in-soil values and weakly anomalous antimony-in-soil values. Gold values range from 20 to 74 ppb and the anomaly is open to the east.

The most anomalous rock sample from the Dan Man property was an altered quartz-mica schist with limonitic pits and relict pyrite mineralization that assayed 1.69 g/t gold. This sample was collected from a large, locally weathering talus slope roughly half way between the Kwazulu and Kambaa anomalies. The bedrock source of this sample has not yet been identified.

Initial 2010 work on the Dan Man, Green Gulch and Touleary properties will commence as early in the spring as field conditions in the Yukon permit. Mechanical trenching and in-fill deep auger soil sampling programs will be carried out on all three properties. Results from 2009 work on the Green Gulch and Touleary properties were previously announced (see December 9, 2009 news release). Contingent upon the results from the initial 2010 trenching and in-fill auger sampling programs, Arcus intends to drill test potential targets as the second phase of the 2010 work program.

The technical information in this news release has been reviewed by William A. Wengzynowski, P.Eng., a qualified person for the purpose of National Instrument 43-101.

Multi-element determinations for soil and rock samples were carried out at ALS Chemex in North Vancouver, B.C. Soil samples were dried and sieved to -80 mesh. The fine fraction was then analyzed for gold using fire assay followed by atomic absorption (AA) finish and for 34 other elements using a nitric acid-aqua regia digestion and ICP analysis. Rock samples were dried, fine crushed to better than 70% passing -2 mm and then a 250 g split was pulverized to better that 85% passing 75 micron. The fine fraction was analyzed for gold and 34 other elements using the same procedures as were used for the soil samples.

About Arcus:

The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangement with exploration groups recognized in the industry as superior project generators. Current Arcus projects include gold prospects in Yukon and Mexico. Arcus is a well structured, Vancouver based mineral exploration company operated by experienced management.

Multiple anomalies identified on Dawson Gold Properties
2009-12-09 16:43:40

DAWSON GOLD PROJECT, YUKON, CANADA

Arcus Development Group Inc. (ADG: TSX-V) announces that it has identified multiple geochemical anomalies on its Dawson Gold project properties. The properties consist of four separate claim blocks held by Arcus under option from ATAC Resources Ltd. (ATC: TSX-V) and cover an area of approximately 77 square kilometres located 100 kilometres south of Dawson City, Yukon.

The 2009 work program completed by Arcus consisted of deep auger soil sampling, prospecting and geological mapping on each of the Green Gulch, Touleary, Dan Man and Shamrock claim blocks. In-soil gold anomalies were identified on the Green Gulch and Touleary properties and will be the focus of mechanical trenching and in-fill deep auger soil sampling programs in the spring of 2010. Maps showing the location of the individual claim blocks and the various anomalies described below can be viewed on the PROJECTS section of the website.

A summary of the results from each of the Green Gulch, Touleary and Shamrock properties is presented below. Results from the work on the Dan Man property will be announced as soon as Arcus has completed its interpretation of the 2009 data.

1. Green Gulch

The Green Gulch property lies immediately south of and is contiguous with Underworld Resources Inc.’s White Gold property. A total of 2,370 deep auger soil samples and 29 rock samples were collected during the 2009 work program. Gold-in-soil values for the property range from less than 10 to 251 ppb. Three soil samples from the northwestern portion of the property returned gold-in-soil values ranging from 128 to 251 ppb Au.

“Based on the geology in Underworld’s McKinnon trenches just across the northern claim boundary and the presence of a fine grained mafic metavolcanic unit in road cuts across the top of our claim block, we believed that the northwest portion of the Green Gulch property would produce some anomalous gold-in-soil values”, stated Eric Tweedie, the Arcus VP of Exploration. “Knowing the geology immediately to the north and the difficult sampling conditions, we view these gold-in-soil anomalies as significant developments.”

2. Touleary Property

The Touleary property is located immediately adjacent to Underworld’s Black Fox property, in the headwaters of three creeks that host historic and active placer gold operations. A total of 2,166 deep auger soil samples and 65 rock samples were collected during the 2009 work program. The widely spaced soil geochemical survey covered approximately 66% of the property and identified one main gold-in-soil anomaly (the “Lynx Anomaly”) and numerous smaller and weaker anomalies.

The Lynx Anomaly is characterized by elevated gold values within a 1600 by 150 m, northeasterly elongate zone which lies along strike from mineralization and soil geochemical anomalies on the Black Fox claims. Samples within the Lynx Anomaly typically returned values between 20 and 50 ppb gold, with a peak value of 304 ppb gold. There is no apparent correlation between arsenic or antimony and gold in the area.

Prospecting at Touleary was done before soil results were available and was limited to ridge tops and pre-existing road cuts. An angular piece of limonitic quartz vein float was identified in a road cut 300 m east of the Lynx Anomaly and a sample of this vein material returned an assay value of 2.80 g/t gold (the “Bobcat Showing”). Fragments of banded limonite taken from another road cut approximately 500 m southwest of the Lynx Anomaly returned an assay value of 1.59 g/t gold (the “Panther Showing”). Soil samples collected in the vicinity of this sample yielded only background values for gold and other pathfinder elements.

3. Dan Man Property

The Dan Man property lies immediately north of and is adjacent to Kaminak Gold Corporation’s Coffee claims. A total of 617 deep auger soil samples and 46 rock samples were collected on the Dan Man claims during the 2009 program. For the most part, only low density soil sampling was completed. However, two tightly spaced soil grids were sampled over areas where results from a Niton portable XRF analyzer indicated elevated arsenic values. Results from the 2009 program will be announced as soon as Arcus has completed its data compilation and interpretation.

4. Shamrock Property

The 2009 field program for the Shamrock property comprised reconnaissance-scale soil sampling and prospecting. A total of 141 deep auger soil samples and 18 rock samples were collected for assay.

Results from soil geochemistry were generally low. However, two spot anomalies were identified which returned 32 ppb gold and 242 ppm arsenic respectively. No rock samples were taken in the vicinity of the anomalous soil samples.

2010 Work Program

The initial 2010 work on the Green Gulch and Touleary properties will commence as early in the spring as field conditions in the Yukon permit. Contingent upon the results from the early trenching and in-fill auger sampling programs, Arcus intends to drill test potential targets as the second phase of the 2010 work program. Additional deep auger soil sampling will be completed on the Shamrock property as part of the second phase program in 2010.

The technical information in this news release has been reviewed by William A. Wengzynowski, P.Eng., a qualified person for the purposes of National Instrument 43-101.

Multi-element determinations for soil and rock samples were carried out at ALS Chemex in North Vancouver, B.C. Soil samples were dried and sieved to -80 mesh. The fine fraction was then analyzed for gold using fire assay followed by atomic absorption (AA) finish and for 34 other elements using a nitric acid-aqua regia digestion and ICP analysis. Rock samples were dried, fine crushed to better than 70% passing -2 mm and then a 250 g split was pulverized to better that 85% passing 75 micron. The fine fraction was analyzed for gold and 34 other elements using the same procedures as were used for the soil samples.

Arcus closes private placement and property acquisition
2009-09-01 10:20:07

Arcus Development Group Inc. has closed its previously announced non-brokered flow-through private placement. A total of 4,652,843 units were sold at a price of 13 cents per unit for gross proceeds of $604,870. The units consisted of one flow-through common share and one warrant. Each warrant entitles the holder to purchase one additional flow-through common share at a price of 20 cents at any time on or before Aug. 12, 2010. All securities issued as part of this private placement are subject to a hold period until Dec. 13, 2009.

Of the 4,652,843 units sold as part of the placement, 2,692,306 units were purchased by the MineralFields Group through MineralFields 2009 Super Flow Through Limited Partnerships 1 through 4. The MineralFields Group is based in Toronto, Ont., and has business offices at 210 -- 1110 Finch Ave. West. The 2,692,306 shares purchased by the MineralFields Group as part of the units represent 14.64 per cent of the issued and outstanding common shares of Arcus. Prior to this private placement, the MineralFields Group did not own any Arcus shares.

Pursuant to the policies of the TSX Venture Exchange, shareholder approval is required in advance of the completion of a private placement where the placement will result in the creation of a person or group controlling greater than 20 per cent of the issued shares of a listed company (a control person). The Arcus shares that may be issued following the exercise of warrants acquired by the MineralFields Group under the placement could potentially result in the MineralFields Group becoming a control person of Arcus. To prevent the MineralFields Group from becoming a control person of Arcus without prior shareholder approval, the MineralFields Group and Limited Market Dealer Inc. have provided the TSX Venture Exchange and Arcus with an undertaking not to exercise any Arcus warrants if doing so will result in the MineralFields Group becoming a control person of Arcus.

Subject to the foregoing undertaking, the MineralFields Group has purchased Arcus shares for investment purposes only. The MineralFields Group may increase or decrease its investment in Arcus depending on market conditions and other relevant factors.

Cash finders' fees of $21,300 and $1,280 were paid to Limited Market Dealer Inc. and Canaccord Capital Corporation, respectively, related to the sale of a portion of the placement. Limited Market Dealer Inc. and Canaccord Capital Corporation were also granted 218,461 and 9,840 finders' options respectively. If exercised, the finders' options entitle the finders to receive one Arcus share at a price of 13-1/2 of a share purchase warrant. Each whole finders' warrant entitles the finders to purchase one Arcus share at a price of 20 cents. The finders' options and the underlying finders' warrants may be exercised at any time on or before Aug. 12, 2010.

Arcus also announces that it has received TSX Venture Exchange acceptance of its option to acquire a 50-per-cent interest in the Dawson gold project. The Dawson gold project consists of four claim blocks covering an area of approximately 77 square kilometres adjacent to or near the Underworld Resources Inc. White gold and Black Fox properties in west-central Yukon (see news in Stockwatch on June 10, 2009).

The proceeds from the private placement and any proceeds from the exercise of the warrants will be used to finance the company's work programs on the Dawson gold project. Proceeds for the exercise of any of the finders' options and underlying finders' warrants will be used as general working capital.

Work programs on the four claim blocks comprising the Dawson gold project are currently under way or will commence shortly. Preliminary results will be announced as they are received by Arcus.

Arcus to carry out $500,000 private placement
2009-07-03 08:52:13

Arcus Development Group Inc. will carry out a 3,333,333-unit non-brokered private placement for total proceeds of $500,000. Each unit will consist of one flow-through common share and one flow-through share purchase warrant. The price of the units will be 15 cents. The warrants will be valid for a period of 12 months from the closing of the placement and will entitle the holder to purchase one additional flow-through common share at a price of 20 cents.

Proceeds from the placement and any proceeds from the exercise of the warrants will be used to finance the company's work programs on the Dawson gold project. Research Capital Corporation will be paid a cash commission of 8 per cent on a portion of the placement proceeds.

As previously announced, the Company was granted an option to acquire a 50% interest in the Dawson Gold project by ATAC Resources Ltd. The project consists of four claim blocks covering an area of approximately 77 square kilometres adjacent to or near the Underworld Resources Inc. White Gold and Black Fox properties in west-central Yukon.

The company anticipates closing this placement by mid-July, 2009. The original requirement that the company complete a $1-million financing by Aug. 1, 2009, has been waived by both ATAC and the company.

Arcus acquires project adjacent to Underworld's White Gold Discovery
2009-06-10 06:42:57

June 10, 2009 – Vancouver, British Columbia: Arcus Development Group Inc. (ADG: TSX-V) is pleased to announce that ATAC Resources Ltd. (TSX-V: ATC) has granted Arcus an option to acquire a 50% interest in the Green Gulch, Touleary, Dan Man and Shamrock gold prospects, collectively referred to as the Dawson Gold Project. The four claim blocks cover an area of approximately 7,000 hectares and are located in west-central Yukon.

The Green Gulch claims are wholly surrounded by Underworld Resources Inc.’s White Gold discovery property. The Touleary claims are immediately adjacent to the western boundary of Underworld’s Black Fox property.

The exploration target at the Dawson Gold Project is orogenic gold mineralization within highly strained metamorphic rocks of the Yukon Tanana Terrane. The project lies within a northwest trending belt of gold rich mineral deposits that extends from the Mount Nansen and Freegold Mountain areas, through the Sonora Gulch and Casino deposit areas and toward the Pogo Mine in Alaska.

The focus of the 2009 exploration program will be geological mapping, prospecting and auger soil sampling of areas of geological interest. Follow-up work will include trenching of anomalous areas to identify potential drill targets. ATAC is mobilizing crews and by starting the program as early as possible, the parties have maintained the option of drilling later in the 2009 field season.

Eric Tweedie, the Arcus VP of Exploration stated, “The Dawson Gold Project represents an excellent exploration opportunity for Arcus based on the geological setting and the proximity of the claim blocks to Underworld’s White Gold discovery. ATAC was able to assemble a prospective land package in the area relatively early and cost effectively.”

To exercise the option and acquire a 50% interest in the project, Arcus is required to make aggregate payments to ATAC of $185,000 cash and 1,000,000 Arcus shares and incur exploration expenditures of $3,500,000 prior to December 31, 2011. The option is subject to Arcus completing a financing of not less than $1,000,000 prior to August 1, 2009. The terms of the financing have not been finalized and will be announced at a later date.

Upon the completion of its financing, Arcus will reimburse ATAC for costs incurred by ATAC as part of the 2009 program. All reimbursement costs and Arcus expenditures following the closing of the financing will be applied against the Arcus expenditure requirements.

If Arcus does not complete the financing by August 1, 2009, the option will terminate and ATAC will complete the 2009 program on its own behalf. Prior to completing its financing, Arcus will not have access to exploration results from the 2009 work program at the Dawson Gold Project.

Mexican gold exploration to commence on Chapalota gold project
2009-02-27 09:11:04

February 27, 2009 – Vancouver, British Columbia: Arcus Development Group Inc. (ADG: TSX-V) and Riverside Resources Inc. (RRI: TSX-V) are pleased to announce that work on the Chapalota gold prospect will commence in the first week of March, 2009. The Chapalota property is located approximately 50 km northeast of the city of Mazatlan in south-central Sinaloa, Mexico, immediately north of Geoinformatics’ Azulitas polymetallic sulphide deposit (5.6 million tonnes of 0.9% Cu-Eq.). The Chapalota property covers an area of 8,073 hectares and is located on the western margin of the Sierra Madre Occidental Belt.

Small scale hard rock and placer gold mining has occurred intermittently in the region for more than two centuries. However, other than work by Kennecott and Geoinformatics on La Noria project south of Chapalota, there is no record of any modern exploration work having been carried out in the area to date.

The property was acquired by Riverside through staking in 2008 and is unencumbered by any third party mineral interests or royalties. Arcus acquired an option to earn up to a 65% interest in the property under the terms of an option agreement (previously announced on Sept. 12, 2008) which includes spending $6.5M over six years. By amendment dated February 12, 2009, the Arcus commitment to incur $350,000 in exploration expenditures on the property has been extended from September 12, 2009 to March 12, 2010 and Arcus has paid Riverside $50,000 to cover the required September 2009 payment. All other terms of the original agreement remain unchanged.

The initial 2009 work program at Chapalota will consist of data compilation, geological mapping, regional stream sediment and soil sampling, hand trenching and follow-up work on existing gold anomalies. The budget for the initial program will be approximately $200,000 and Riverside will act as operator.

Ian Talbot, President of Arcus stated, “We look forward to starting our exploration program at the Chapalota property and working with Riverside’s Mexican team. In response to current global equity market conditions, Arcus has been diligent in preserving its working capital. We have adequate financial resources to fund the 2009 program without having to undertake additional equity financings.”

”Riverside is delighted that Arcus Development Group is able to fund the committed work program and Riverside’s on the ground teams will begin field work immediately to progress the Chapalota property exploration,” stated John-Mark Staude, President & CEO of Riverside Resources. “We at Riverside look forward to adding value to the partnership by using our extensive exploration experience in Mexico to provide the onsite exploration work on the Chapalota Project.”

On behalf of Arcus Development Group Inc.
“Ian J. Talbot”

Certain statements in this press release may be considered forward-looking information, which statements can be identified by the use of forward looking terminology (e.g., "expect" or “plans”). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Arcus or Riverside in their respective public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Arcus and Riverside each disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Alliance with Strategic Exploration Group
2008-10-30 14:23:07

Arcus Development Group Inc. (ADG: TSX-V) is pleased to announce that it has joined the Strategic Exploration Group of companies. Strategic Exploration is a Vancouver based alliance of TSX Venture Exchange listed junior mineral exploration companies focused on exploration in western Canada (www.segroup.ca). At present the group consists of ATAC Resources Ltd. (ATC: TSX-V), Rockhaven Resources Ltd. (RK: TSX-V), Strategic Metals Ltd. (SMD: TSX-V) and Midnight Sun Capital Corp. (MMA.P: TSX-V).

ATAC Resources and Strategic Metals both operate under the project generative business model. ATAC is primarily a gold exploration company, while Strategic pursues all other commodities. Rockhaven Resources uses the project evaluation business model and is currently focused on its Plata silver property, located east of the Keno Hill silver camp in east-central Yukon. Midnight Sun Capital Corp. is a recent capital pool company listing and anticipates completing its qualifying transaction in 2009.

Ian Talbot, President of Arcus stated, “The alliance with Strategic Exploration represents an excellent business opportunity and is consistent with the Arcus business model of aligning itself with recognized project generative groups. Strategic Exploration enjoys a close working relationship with Archer, Cathro & Associates (1981) Limited, a well established Vancouver based geological consulting firm. As a member of the Strategic Exploration Group, Arcus will have preferential access to Archer Cathro’s proprietary mineral database for western North America, including portions of Mexico.”

Douglas Eaton of Strategic Exploration Group stated, “We are very pleased to have Arcus join our exploration group. Through Arcus, our group gets immediate exposure to international exploration opportunities, initially in Mexico. The international expertise of the Arcus management team will also allow the Strategic Exploration Group to actively pursue exploration opportunities outside of our traditional western Canadian base.”

Each of the companies in the group, including Arcus has a specific geographic or commodity focus. As such, the companies in the group are not directly competing with each other for exploration opportunities, financing or other resources. The specific focus of each company allows for the free flow of information and ideas within the group to the mutual benefit of all members. The Arcus board of directors is and will remain wholly independent of the boards of each of the other four Strategic Exploration Group companies.

About Arcus:

The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangement with exploration groups recognized in the industry as superior project generators. Current Arcus projects include two Mexican gold prospects held under option from Riverside Resources Inc. (RRI: TSX-V). Arcus is a well structured Vancouver based mineral exploration company operated by experienced management.

Mexican Gold Projects Approved
2008-09-12 08:39:26

Arcus Development Group Inc. (TSX-V: ADG) announces that it has received TSX Venture Exchange acceptance of documents related to the options on two Mexican gold exploration projects previously announced (April 14, and April 17, 2008). The projects are the Chapalota and La Ventosa properties and were optioned from Riverside Resources Inc. (TSX-V: RRI) by way of letter agreements dates April 10, 2008.

Eric Tweedie, the Arcus VP of Exploration stated, “We look forward to starting our work programs on the Mexican properties later this fall. We are currently outlining specific work plans and budgets for each property. The initial phase of work on both projects will identify drill targets. Phase two will include the drill testing of specific targets. At present, priority will be given to the work at Chapalota, based on the historic artisanal gold production in the area.”

The Chapalota property is located in southern Sinaloa, Mexico near Geoinformatics’ La Noria Project and south of US Gold’s Magistral Mine. Arcus can acquire a 51% interest in the Chapalota property by making $300,000 in cash payments, issuing 350,000 Arcus shares and incur exploration expenditures of $4,000,000 prior to September 12, 2012. Exploration expenditures in year one include a firm commitment of $350,000. Arcus can also exercise a second option to acquire an additional 14% interest in the property by incurring a further $2,500,000 in exploration expenditures and paying Riverside $500,000 within two years of acquiring its initial 51% interest in the property.

La Ventosa property is located in a relatively unexplored area of southeastern Oaxaca. Arcus can acquire a 51% interest in the La Ventosa property by making $150,000 in cash payments, issuing 200,000 Arcus shares and incur exploration expenditures of $2,000,000 prior to September 12, 2011. Exploration expenditures in year one include a firm commitment of $250,000. A second option to acquire an additional 14% interest can be exercised by Arcus incurring a further $2,000,000 in exploration expenditures and paying Riverside $300,000 within two years of acquiring the initial 51% interest in La Ventosa property.

”Arcus has adequate working capital to complete all of the year one obligations under each of the Chapalota and La Ventosa options,” explained Arcus President and CEO Ian Talbot. “We feel this is particularly important in light of current market conditions.”

Neither property is subject to any underlying third party interests. Each property is the subject of a NI 43-101 technical report prepared by Derrick Strickland, P.Geo. Both reports will be available on the Arcus website and at SEDAR.com.

About Arcus:

Arcus is a well structured Vancouver based mineral exploration company operated by experienced management. The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangement with exploration groups recognized in the industry as superior project generators.

Arcus Acquires Second Mexican Project
2008-04-17 15:37:47

April 17, 2008 – Vancouver, British Columbia

Arcus Development Group Inc. (TSX-V: ADG) announces that it has concluded an agreement with Riverside Resources Inc. (TSX-V: RRI) under which Arcus has been granted an option to acquire a majority interest in La Ventosa property, located in Oaxaca, Mexico. La Ventosa property covers an area of 10,175 hectares and is 15 kilometres northeast from Juchitan City. La Ventosa property is located in a relatively unexplored area of southeastern Oaxaca.

Infrastructure in the area is very good and unlike much of Oaxaca which is mountainous and contains a large number of small villages, La Ventosa property is located on easily accessible, semi-arid flatlands near the Pacific coast. The property was acquired by Riverside through staking and is not subject to any underlying royalty or third-party interests.

Subject to TSX Venture Exchange acceptance, Arcus can earn up to a 65% interest in the property under a staged option. To exercise an initial option and acquire a 51% interest in La Ventosa property, Arcus is required to pay Riverside $150,000 cash, issue 200,000 Arcus shares to Riverside and incur exploration expenditures of $2,000,000 prior to the third anniversary of the option agreement. Exploration expenditures in year one of the initial option include a firm commitment of $250,000.

After exercising the initial option, Arcus will have a second option to acquire an additional 14% interest in the property by incurring a further $2,000,000 in exploration expenditures within a two year period and by paying Riverside $300,000.

Ian Talbot, the President of Arcus stated, “We are very pleased to have concluded a second Mexican project agreement with Riverside. La Ventosa property is an excellent early stage exploration target in an area that has not been exposed to extensive modern exploration. Work at La Ventosa should be very cost effective and progress rapidly as the area is easily accessible and has excellent infrastructure. Our Mexican property portfolio, which now contains the Chapalota (April 14, 2008 new release) and La Ventosa properties, exposes Arcus to gold exploration projects in both Oaxaca and Sinaloa.”

Arcus options Chapalota gold prospect from Riverside Resources
2008-04-16 15:57:13

Vancouver, BC – April 11, 2008:

Arcus Development Group Inc. (“Arcus”) and Riverside Resources Inc. (“Riverside”) announce that subject to TSX Venture Exchange acceptance, Riverside has granted Arcus an option to acquire up to a 65% interest in the Chapalota gold prospect, located in southern Sinaloa, Mexico. The Chapalota property was acquired through staking and is wholly-owned by Riverside.

The Chapalota property covers an area of approximately 91 square kilometres and lies along the western edge of the Sierra Madre Occidental Volcanic Province. The property was staked by Riverside on the basis of geology, known gold anomalies and small scale historic gold production in the area. The shear hosted quartz-sericite alteration and deformed quartz veining at Chapalota is similar to that at the Herradura Gold Mine (Penoles/Newmont). The Chapalota property also lies immediately north of La Noria Mo-Cu-Ag project (Geoinformatics Exploration/Kennecott). Geologically similar intrusions and breccias to those at La Noria have been identified at the Chapalota property by Riverside.

To exercise an initial option and acquire a 51% interest in the Chapalota property, Arcus is required to pay Riverside $300,000 cash, issue Riverside 350,000 Arcus shares and incur exploration expenditures of $4,000,000 prior to the fourth anniversary of the option agreement. Exploration expenditures in year one of the initial option include a firm commitment of $350,000. After exercising the initial option, Arcus will have the right to acquire an additional 14% interest in the property by incurring a further $2,500,000 in exploration expenditures within a two year period and paying Riverside $500,000.

The Chapalota property is not subject to any underlying royalty interests and no finder’s fee was paid in connection with this transaction.

Eric Tweedie, the Arcus VP of Exploration stated, “The Chapalota property represents an excellent exploration opportunity for Arcus based on the geological setting and past gold production in the region. Riverside’s team has done a very good job of identifying high quality gold prospects in areas that have not already been extensively explored.”

John-Mark Staude, the Riverside President and CEO stated, "Riverside is delighted to partner with Arcus on the Chapalota project as this project lies in a major gold belt of western Mexico in a region with hundreds of years of precious metal production. We look forward to collaborating in exploration and unlocking the value to all stakeholders".

About Arcus

Arcus is a well structured Vancouver based mineral exploration company operated by experienced management. The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangements with exploration groups recognized in the industry as competent project generators.

About Riverside:

Riverside follows a prospect generator business model using experienced local prospectors, explorers and geologists to identify and acquire high quality mineral opportunities. To date Riverside has announced several property acquisitions which are summarized at www.rivres.com, and continues building a diverse mineral property portfolio.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release




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