Ethos Capital Corp. (the "Company" or "Ethos")(TSX VENTURE:
ECC)(OTCQX: ETHOF)(FRANKFURT: 1ET) reports gold analyses from rock
grab samples up to 16.4 g/t gold with 10 g/t silver from a trench
in the area of Mascot Creek 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 has one of the largest property packages in the White Gold
District totalling 5,089 claims covering an area of 1,063 square
kilometers. Ethos' Betty Property, comprised of 856 claims covering
179 square kilometers, is situated immediately east of Kaminak's
Coffee Property. 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. The Coffee Fault and
subordinate structures are the focus of Ethos' Betty Property
exploration program.
Summary of Results
-- A rock grab sample assays 16.4 g/t gold and 10 g/t silver; a new
discovery within the Mascot Creek anomalous.
-- Another separate new discovery 1,800 meters to the west of Mascot Creek
with rock grab samples assaying 0.7 g/t to 0.9 g/t gold with 8 g/t to 10
g/t silver.
-- One reconnaissance prospecting sample assays 0.3 g/t gold with 37 g/t
silver from outcrop immediately north of the Coffee Fault and 11
kilometers west of Mascot Creek.
Betty Rock Sampling, Trenching, and Prospecting Results
One rock grab sample assaying 16.4 g/t gold and 10 g/t silver
was collected from a hand-dug trench 25 meters uphill of the site
of the 1,149 ppb Au ridge-and-spur soil anomaly (see News Release
August 29, 2011) located near the ridge crest east of Mascot Creek.
The sample contains massive arsenopyrite veining and is hosted by
altered granodiorite. A total of 700 meters of trenching has since
been excavated in this area with more arsenopyrite veining
recognized; systematic rock sample results from trenches are
pending.
A second area of altered gold-bearing rock was discovered 1,800
meters to the west near the ridge crest on the west side of Mascot
Creek (on the opposite ridge). Two rock grab samples from a
backhoe-dug trench assayed 0.7 g/t to 0.9 g/t gold with 8 g/t and
10 g/t silver. A total of 2,000 meters of trenching has been
completed in this area and a further 3,500 meters of trenching is
underway; systematic rock sample results from trenches are pending.
Iron-rich alteration is widespread in trenches in this area,
corresponding to anomalous gold-in-soil sites.
One reconnaissance prospecting grab sample assays 0.3 g/t gold
with 37 g/t silver from outcrop immediately north of the Coffee
Fault and 11 kilometers west of the 16.4 g/t gold sample. The
sample is from brecciated chert with quartz and pyrite-galena
veining. This sample is significant as it represents the first
gold-bearing outcrop located by Ethos personnel north of the Coffee
Fault on the Betty Property and indicates additional exploration
potential. No further work has been undertaken here but immediate
follow-up is planned.
To view the map locating these anomalous rock samples within the
Betty Property please click on the following link:
http://www.ethoscapitalcorp.com/i/maps/yukon/PreliminarySampleResults_9Sep2011.jpg
Results so far continue to indicate potential in the Mascot
Creek area for a large gold-mineralized system. Gary Freeman, CEO
and President of Ethos states "Although the company awaits a large
backlog of soil and rock data, these gold results from initial rock
samples are extremely encouraging."
Ethos is planning for a continuing soil sampling program and
follow-up trenching program to last into October. As soil targets
are confirmed by prospecting and trenching, drill pad construction
is currently planned to continue to the end of September.
Geotechnical Information
A comprehensive QA/QC program is in place to monitor precision
and accuracy of analytical results. All soil samples are submitted
to Acme Analytical Laboratories Ltd. ("Acme") for analysis. Soil
sample field duplicates are routinely collected and inserted into
the analytical stream as are pulp duplicates, as well as certified
reference materials and blanks. A 15 g sub-sample of soil material
is ignited, acid digested, and gold determined by ICP-MS; a 0.5 g
sub-sample undergoes aqua regia digestion with ICP-MS analysis for
36 reporting elements.
Rock samples are analyzed for gold using a 30 gram sub-sample by
fire assay with an atomic absorption finish under 10 g/t Au and a
gravimetric finish if greater than 10 g/t Au. All rocks are also
analyzed by ICP-MS using the same methodology as per soils.
Analytical QA/QC programs monitoring the precision and accuracy of
results includes the routine use of assaying sample duplicates,
certified reference standard(s), and both assay and prep wash
blanks. Acme is ISO 9001 certified.
A limited number of rock samples are also submitted to and
analyzed by Eastern Analytical Limited ("Eastern") of Springdale,
Newfoundland and results obtained within 3 days of submission. The
objective in using Eastern is to determine if gold is present in
selected rocks on a timely basis to guide ongoing exploration. Rock
samples submitted to Eastern are crushed and a 15 gram subsample
assayed for gold by fire assay -- atomic absorption finish. Also
included are analyses of blanks plus five chemical reference
standards as part of the QA/QC procedure. Pulps from these samples
have been retained.
Ethos uses protocols standard to the industry and professional
QA/QC procedures for assaying including the use of laboratory
standards, blanks, and duplicates, the retention of pulps and
coarse rejects, and the maintenance of chain-of-custody among other
procedures.
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 $17 million.
Per:
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, further gold analyses from soil samples
received in the area of Mascot Creek at the Betty Property, as well
as the progress of the exploration program being conducted at the
Betty Property located in the White Gold District, Yukon. 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 or Andy Hay
604-682-4750 www.ethoscapitalcorp.com
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