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Article: Arcus Development Group Acquires Second Mexican Project from Riverside Resources
- Article from:
- CCNMatthews Newswire
- Article date:
- April 17, 2008
CopyrightCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2008) -
Arcus Development Group Inc. (TSX VENTURE:ADG) announces that it has
concluded an agreement with Riverside Resources Inc. (TSX
VENTURE:RRI) under which Arcus has been granted an option to acquire
a majority interest in La Ventosa property, located in Oaxaca,
Mexico. La Ventosa property covers an area of 10,175 hectares and is
15 kilometres northeast from Juchitan City.
La Ventosa property is located in a relatively unexplored area of
southeastern Oaxaca. Infrastructure in the area is very good and
unlike much of Oaxaca which is mountainous and contains a large
number of small villages, La Ventosa property is located on easily ...