|November 07, 2017|
Arcus Announces Results From 2017 Dan Man Drill Program
|November 7, 2017 - Vancouver, British Columbia: Arcus Development Group Inc. (TSX-V:ADG)("Arcus") announces the results from a 20 hole (2,880 m) reverse circulation drill program at its wholly-owned Dan Man property. The drill program was completed between August 5 and September 2, 2017. The Dan Man property is located immediately north and adjacent to the Goldcorp Inc. ("Goldcorp") Coffee project in the White Gold District of Yukon Territory.|
The 2017 drill program was designed as a reconnaissance style test of seven linear structural zones within a broad 3,500 by 800 m east trending structural corridor defining the Rooibos and Kwazulu zones. This particular trend is analogous to the neighboring Latte and Double Double zones defined by Goldcorp as part of the current Coffee gold deposit.
The majority of the Arcus drill targets were selected where tilt derivative magnetic structural lows were coincident with anomalous gold-in-soil responses. Drill holes were spaced at distances 100 to 650 m apart. Four of the twenty holes did not reach or fully test the intended structural targets due to poor drilling conditions and two of the twenty holes tested regional structural trends outside the known gold bearing orientations.
Significant drill intersections from the 2017 program are reported in the following tables:
Notes - RC holes are sampled per 5' drill rod and the 'From/To' meters are subsequently converted to metric; the converted depth measurements quoted at 2 decimal places does not indicate centimeter accuracy of sampling. True width of intersected mineralized zones is estimated to be 80% of the downhole width.
Rooibos RC-RB-17-03, 05 and 07 tested the easternmost portion of a 1,900 m long structural zone with strongly coincident gold-in soil geochemical responses along an 800 m portion of the trend. Three of four holes drilled along 425 m of the trend returned >1g/t gold across narrow intervals within narrow anomalous gold envelops not exceeding 15 m.
Kwazulu RC-KW-17-03, 05 and 08 were located 2 km west of the Rooibos drilling along a 650 m long structural trend defined in 2011 by diamond drill hole DM-11-08 which cut 21.15 m of 0.50 g/t gold including 8.62 m of 1.63 g/t gold. RC holes peripheral to DM-11-08 tested 400 m along strike and encountered similar gold grades but across narrower intervals. Alteration zones cut in holes RC-KW-17-03 and 05 yielded semi-continuous anomalous gold response (>25 ppb and many intervals >100 and >200 ppb) across widths in excess of 100 m. RC-KW-17-05 was shut down prematurely in a gold bearing zone due to poor drilling conditions.
Most of the remaining RC drill holes encountered anomalous gold values across variable widths within or near interpreted structural zones. Gold values obtained from cuttings in these holes were of similar tenor or only modestly enhanced relative to the gold responses from surface soil samples.
Based on the multi-gram per metre results generated from the reconnaissance scale drill program, Arcus believes that additional drilling in 2018 is required at both the Rooibos and Kwazulu zones. Neither of these zones has been fully tested based on the wide spacing of the 2017 drill holes. A 2018 program could also include the drill testing of the Bengal zone, the location of the highest gold-in-soil anomaly identified to date on the Dan Man property. The Bengal zone was not drill tested in 2017 as it exhibits a significantly higher level of structural complexity than the Rooibos and Kwazulu zones and additional surface work would be required prior to drilling.
A plan view map, drill hole cross sections and assay results from all 20 drill holes will be available on the Arcus website in due course (www.arcusdevelopmentgroup.com).
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. Quality assurance and quality control procedures included the systematic insertion of blanks and standards into the drill cutting sample string. Samples were placed in sealed bags and shipped directly by chartered aircraft to the ALS Global preparatory laboratory in Whitehorse, Yukon. All samples from the 2017 program were processed using gold fire assay and ICP-AES analysis.
On behalf of Arcus Development Group Inc.
“Ian J. Talbot”
Ian J. Talbot, President and CEO
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.
CAUTIONARY NOTE: This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “will be”, “will have”, “is expected to” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. 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.
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