Alliance With Strategic Exploration Group10/30/2008 2:55:53 PM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Oct 30, 2008 (Marketwire via COMTEX News Network) --
Arcus Development Group Inc. (TSX VENTURE:ADG) is pleased to announce that it has joined the Strategic Exploration Group of companies. Strategic Exploration is a Vancouver based alliance of TSX Venture Exchange listed junior mineral exploration companies focused on exploration in western Canada (www.segroup.ca). At present the group consists of ATAC Resources Ltd. (TSX VENTURE:ATC), Rockhaven Resources Ltd. (TSX VENTURE:RK), Strategic Metals Ltd. (TSX VENTURE:SMD) and Midnight Sun Capital Corp. (TSX VENTURE:MMA.P).
ATAC Resources and Strategic Metals both operate under the project generative business model. ATAC is primarily a gold exploration company, while Strategic pursues all other commodities. Rockhaven Resources uses the project evaluation business model and is currently focused on its Plata silver property, located east of the Keno Hill silver camp in east-central Yukon. Midnight Sun Capital Corp. is a recent capital pool company listing and anticipates completing its qualifying transaction in 2009.
Ian Talbot, President of Arcus stated, "The alliance with Strategic Exploration represents an excellent business opportunity and is consistent with the Arcus business model of aligning itself with recognized project generative groups. Strategic Exploration enjoys a close working relationship with Archer, Cathro & Associates (1981) Limited, a well established Vancouver based geological consulting firm. As a member of the Strategic Exploration Group, Arcus will have preferential access to Archer Cathro's proprietary mineral database for western North America, including portions of Mexico."
Douglas Eaton of Strategic Exploration Group stated, "We are very pleased to have Arcus join our exploration group. Through Arcus, our group gets immediate exposure to international exploration opportunities, initially in Mexico. The international expertise of the Arcus management team will also allow the Strategic Exploration Group to actively pursue exploration opportunities outside of our traditional western Canadian base."
Each of the companies in the group, including Arcus has a specific geographic or commodity focus. As such, the companies in the group are not directly competing with each other for exploration opportunities, financing or other resources. The specific focus of each company allows for the free flow of information and ideas within the group to the mutual benefit of all members. The Arcus board of directors is and will remain wholly independent of the boards of each of the other four Strategic Exploration Group companies.
About Arcus:
The Arcus business model is to acquire interests in quality mineral prospects by way of joint venture or other collaborative arrangement with exploration groups recognized in the industry as superior project generators. Current Arcus projects include two Mexican gold prospects held under option from Riverside Resources Inc. (TSX VENTURE:RRI). Arcus is a well structured Vancouver based mineral exploration company operated by experienced management.
On behalf of Arcus Development Group Inc.
Ian J. Talbot, President & CEO
SOURCE: Arcus Development Group Inc.
Arcus Development Group Inc.
Grant Longhurst
Corporate Communications
(604) 506-2445
(604) 669-3688 (FAX)
Email: grant@arcusdevelopmentgroup.com
Arcus Development Group Inc.
Ian J. Talbot
President & CEO
(604) 691-1734
(604) 669-3688 (FAX)
Email: ian@arcusdevelopmentgroup.com
Website: www.arcusdevelopmentgroup.com
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