Ethos Identifies Gold Anomalies in the Coffee Fault, White Gold District, Yukon
12 Julho 2011 - 12:39PM
Marketwired
Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:
ECC)(OTCQX: ETHOF)(FRANKFURT: 1ET) is pleased to report preliminary
gold soil geochemical results from ongoing exploration at the Betty
Property located southeast along-strike of Kaminak Gold
Corporation's ("Kaminak") Coffee discovery in the White Gold
District west-central Yukon Territory, Canada.
Ethos is currently exploring 4,963 claims covering an area of
1,038 square kilometers in the emerging White Gold District. Ethos'
Betty Property, comprised of 730 claims covering 152 square
kilometers, is situated immediately east of Kaminak's Coffee
Property and covers approximately 15 kilometers of the highly
prospective Coffee Fault.
Gold mineralization at Kaminak's flagship Coffee Property is
associated with a regional scale structural corridor termed the
"Coffee Fault". The Coffee Fault is defined by a pronounced
east-west trending topographic and magnetic lineament that
transects Ethos' Betty Property.
This part of the Dawson Range has not been glaciated and soil
sampling, which has led to the Coffee and White Gold discoveries,
is an important component in Ethos' 2011 exploration program and is
a highly effective exploration tool for locating in-situ gold
mineralization.
A total of 15,752 reconnaissance ridge-and-spur soil samples
have been collected to date, which represents just over half of the
32,750 samples that will be collected during the 2011 exploration
program. The soil collection program has been contracted to Ground
Truth Exploration Inc. of Dawson City Yukon. Results from the Betty
portion of this survey are reported herein.
Betty Property Preliminary Soil Results
A total of 3,875 reconnaissance ridge-and-spur soil samples
representing 194 line kilometers of soil data have been collected
from the Betty Property. Results have been received for 1,153
samples representing 30% of the samples collected at Betty. Results
are therefore not comprehensive or complete, however significant
gold-in-soil anomalies have been discovered.
Anomalous gold soil values up to 384 ppb occur along or
immediately adjacent to a 5 kilometer-long segment of the highly
prospective Coffee Fault. A second highly anomalous area occurs at
the intersection of the Coffee Fault and the Dip Creek Fault
defining a 3 square kilometer area of anomalous gold (597 ppb) and
arsenic (920 ppm). Follow-up prospecting has identified quartz vein
subcrop containing pyrite and arsenopyrite hosted by altered
intrusive rocks over a 70 meter by 150 meter area within this
anomaly.
"We are extremely happy with the progress our field crews have
made so far and we are very excited about the soil survey results
that we have received to date. The anomalies outlined by the 2011
soil program indicate that the sampling methodology executed by our
partner Shawn Ryan is working," stated Gary Freeman, President and
CEO of Ethos. "These results are especially exciting given their
close proximity to the Coffee discovery."
To view the location of our claims please click here:
http://www.ethoscapitalcorp.com/i/maps/ECC_ClaimsMap_4Jul11.jpg
You can also visit our website and view the Coffee Fault and
Betty Property using Google Earth through a link on the
homepage.
A comprehensive QA/QC program is in place to monitor precision
and accuracy of the assay results. All soil samples are submitted
with certified reference materials. Soil sample duplicates are
routinely collected, and pulp duplicates are obtained for all soil
samples. Soil samples are analyzed by Acme Analytical Laboratories
Ltd. ("Acme") using an aqua regia digestion and a 15 g charge for
ridge and spur samples. Acme is ISO 9001 certified.
The technical information contained within this News Release has
been reviewed and approved by Peter Tallman, P.Geo, Chief Operating
Officer of Ethos Capital Corp. and Qualified Person as defined by
National Instrument 43-101 policy.
About Ethos Capital Corp.
Ethos' principal assets are its substantial mineral land
positions in the heart of the emerging White Gold / Klondike gold
district, as well as its Santa Teresa and Corrales silver-zinc-lead
properties in Mexico. Ethos currently has approximately 40.8
million shares issued and outstanding, and working capital of
approximately $18.5 million.
Gary Freeman, President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements"
within the meaning of Canadian securities legislation, relating to,
among other things, the preliminary gold soil geochemical results
from ongoing exploration at the Betty Property. Although the
Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct.
Forward-looking statements are statements that are not historical
facts; they are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or
conditions "will", "would", "may", "can", "could" or "should"
occur, or are those statements, which, by their nature, refer to
future events. The Company cautions that Forward-looking statements
are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Except to the extent required by
applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause
future results to differ materially from those anticipated in these
forward-looking statements include, possible, accidents and other
risks associated with mineral exploration operations, the risk that
the Company will encounter unanticipated geological factors, the
possibility that the Company may not be able to secure permitting
and other governmental clearances necessary to carry out the
Company's exploration plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere
with the Company's business and prospects. The reader is urged to
refer to the Company's reports, publicly available through the
Canadian Securities Administrators' System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential effects.
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.
Contacts: Ethos Capital Corp. Gary Freeman 604-682-4750 Ethos
Capital Corp. Andy Hay 604-682-4750 www.ethoscapitalcorp.com
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