Arcus acquires a position in the heart of Canada’s hottest Gold Play

Posted by Marketwire - GlobeandMail

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3 interesting Juniors – from penny’s to producers:

Arcus Development Group – Wholly surrounded by Gold Discover

Ventana Gold Corp – sitting on something substantial

Aura Minerals Inc.- Aquiring 3 producers


1.) Ed Note: Ian Talbot, CEO of Arcus Development Group, presented at our 2009 World Outlook Financial Conference. Their latest acquisition puts them in the heart of Canada’s hottest gold play at a time when gold demand continues to rise. One to watch.

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.
For more information go to www.arcusdevelopmentgroup.com

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2.)Ventana Gold Corp

The junior gold sector is back, and nobody knows it better than Richard Warke.

Mr. Warke’s company, Ventana Gold Corp., had some really bad luck: it began trading on the Toronto Stock Exchange in November, when the world appeared to be falling apart. Despite some positive early drill results from the company’s La Bodega property in Colombia, a junior gold company was the last thing any investor wanted to hear about at that point in time.

“We opened at a dollar and promptly dropped to 30¢,” Mr. Warke, the chief executive, said in an interview. Within days, Ventana shares plummeted all the way down to 4¢.

When the market was in meltdown mode, a junior mining company could announce spectacular drill results and it just didn’t matter. Investors decided that their projects would never get financed and were liquidating their positions.

But the turn in market sentiment, along with a stellar gold price, has got Bay Street responding to positive results again. That has cleared the way for a remarkable comeback among the junior golds that are sitting on something substantial.Ventana610

…. full story HERE.

3. Aura Minerals Inc. to Acquire Three Producing Gold Mines from Yamana Gold Inc.-Creating a New Intermediate Gold Producer

VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 9, 2009) – Aura Minerals Inc. (TSX:ORA) (the “Aura Minerals” or the “Company”) is pleased to announce that, subject to certain conditions, it has entered into a binding letter agreement with Yamana Gold Inc. (“Yamana”) to acquire the San Andres Gold Mine located in Honduras and the Sao Francisco and Sao Vicente Gold Mines located in Brazil (the “Acquisition”).

 

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