Arcus holds a 100% interest in the Dawson Gold project, comprised of the Dan Man, Touleary, Green Gulch and Shamrock properties, all located in the White Gold District of Yukon Territory. By agreement dated August 2, 2016, Arcus purchased ATAC Resources Ltd.'s 50% interest in the Dawson Gold Joint Venture (the "Joint Venture") for 10,869,910 Arcus common shares, 5,000,000 share purchase warrants and a 1% net smelter return royalty interest in the four properties. The Joint Venture was originally formed in March of 2012.
The Dawson Gold Project is located in west-central Yukon approximately 100 km south of Dawson City, in what is now referred to as the White Gold District. The Touleary and the Green Gulch properties are both immediately adjacent to the Kinross Gold Corporation ("Kinross") White Gold property (acquired from Underworld Resources Inc. on June 30, 2010). The Shamrock property is located on the north side of the Yukon River, approximately 5 kilometres northwest of the White Gold property.
The Dan Man property is adjacent to the northern boundary of the Kaminak Gold Corporation ("Kaminak") Coffee claims.
The White Gold District is underlain by highly deformed metamorphic rocks of the Yukon-Tanana Terrain. It has long been believed that the District had the potential to host numerous types of mineral deposits. The orogenic gold potential in the area has been confirmed with gold discoveries by Kinross (Underworld) and Kaminak.
The volcanogenic massive sulphide ("VMS") potential in the District has now been confirmed with the Arcus discovery at its Touleary property.