Arcturus Ventures Inc. (TSX-V:AZN, “Arcturus”) is pleased to announce that results from a regional scale exploration program on the 4800 hectare Mer property in the Finlayson Lake District of Yukon Territory have been reported. Highlights include two highly anomalous gold-in-soil samples that assayed 2660 ppb (2.66 g/t) and 839 ppb gold respectively.
The regional program on the Mer property was performed in June and July and consisted of drainage silt sampling and over 300 soil samples in a widely spaced grid. The two most anomalous samples showed evidence of gold mineralization as repeated tests on different sub-samples led to highly variable results. Arcturus intends to follow up on these areas and perform bulk sampling to minimize the so-called “nugget effect” and allow for a better identification of the true strength of these anomalies. The two samples were approximately 7.7 kilometres apart indicating that there could be multiple gold systems on the Mer property.
The results of this program have allowed the company to identify areas for detailed evaluation on a follow-up program. This program will consist of additional conventional soil sampling, bulk soil sampling, prospecting and geological mapping.
Analysis of the samples was carried out by AGAT Laboratories of Mississauga, Ontario, which has no relationship to the Company. Gold was analyzed by Aqua Regia Digest with ICP-MS finish and additional element content was determined by Aqua Regia Digest with ICP-OES finish.
This press release has been supervised by Robert Stroshein, P.Eng, who is a qualified person under the definition of National Instrument 43-101.