Arcus Development Group Inc.: Dawson Gold Airborne Survey Completed
Published : May 04, 2011
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Keywords :   Diamond | Gold | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - Arcus Development Group Inc. (News - Market indicators) ("Arcus") announces that a high resolution airborne magnetometer survey over its Dawson Gold project area has been completed. The aeromagnetic survey consisted of approximately 7,800 flight line kilometres at 100 m line spacing and was flown by Precision GeoSurveys Inc. of Vancouver, British Columbia. Data interpretation will be completed by Condor Consulting Inc. of Lakewood, Colorado.

Arcus expects to receive the final data interpretation in mid to late May and will commence its 2011 field program in early June. The 2011 exploration program will consist of Diamond drilling, detailed ground geophysics and auger soil sampling, with a focus on the Dan Man and Touleary claim blocks. The 2011 exploration program and the results from the airborne magnetometer survey will be available on the Arcus website once both have been finalized (www.arcusdevelopmentgroup.com).

Arcus also announces that the board of directors has established a technical committee to plan and supervise all of the company's exploration activities. The technical committee will consist of Eric Tweedie, William Wengzynowski, Marc Blythe and Ian Talbot, all current directors of Arcus. For personal reasons, Eric Tweedie has resigned as Vice President of Exploration, but will continue his association with Arcus as both a director and a member of the technical committee.

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.

Arcus Development Group Inc.
Grant Longhurst
Corporate Communications
(604) 506-2445
(604) 688-2578 (FAX)
grant@arcusdevelopmentgroup.com
or
Arcus Development Group Inc.
Ian J. Talbot
President & CEO
(604) 687-2522
(604) 688-2578 (FAX)
ian@arcusdevelopmentgroup.com
www.arcusdevelopmentgroup.com

Arcus Development Group Inc.

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Arcus Development Group is a exploration company based in Canada.

Arcus Development Group holds various exploration projects in Canada.

Its main exploration properties are CHAPALOTA PROPERTY and LA VENTOSA in Mexico and DAWSON PROJECT in Canada.

Arcus Development Group is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 914 848, € 853 004).

Its stock quote reached its highest recent level on September 10, 2010 at CA$ 0.48, and its lowest recent point on December 09, 2022 at CA$ 0.01.

Arcus Development Group has 76 280 000 shares outstanding.

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Financings of Arcus Development Group Inc.
4/8/2015Closes Private Placement With Existing Shareholders
8/6/2013Financing Completed
8/6/2013Financing Completed
6/16/2010Arrranges Flow-Through Financing for White Gold Area Explora...
Project news of Arcus Development Group Inc.
12/9/2009(Dawson Project)Identifies Multiple Anomalies on Its Dawson Gold Properties
Corporate news of Arcus Development Group Inc.
4/8/2015Arcus Closes Private Placement With Existing Shareholders
1/23/2015Arcus Announces Private Placement to Existing Shareholders
7/29/2013Financing and Project Update
6/8/2011Starts 2011 Dawson Gold Program
5/4/2011Dawson Gold Airborne Survey Completed
3/30/2011Dawson Gold Airborne Magnetometer Survey Commences
1/5/2010Additional Dawson Gold Results
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