Ethos Acquires 1,460 Additional Claims By Staking in the White Gold District, Dawson Range, Yukon
June 06 2011 - 12:21PM
Marketwired
Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:
ECC)(OTCQX: ETHOF)(FRANKFURT: 1ET) is pleased to announce that it
has acquired option rights to an additional 1,460 claims by staking
in the highly prospective White Gold District approximately 120 km
south of Dawson City, Yukon. The new claims are contiguous with and
adjacent to the Betty Property (see November 30, 2010 News Release)
and the Bridget Property (see March 3, 2011 News Release) acquired
by option from Shawn Ryan and Wildwood Exploration Inc. A total of
166 new contiguous claims were added to the Betty property which
adds 30% to the area of the property. The Betty property is
situated directly along strike from Kaminak Gold Corporation's
Coffee property. A total of 1,294 new contiguous claims have been
staked adjacent to the Bridget property which adds 140% to the area
of the property. The Bridget property covers the Bridget
copper-molybdenum-gold porphyry target and a newly identified gold
target associated with a dacitic intrusion. To view a claims map,
please CLICK HERE:
http://www.ethoscapitalcorp.com/i/maps/yukon/white-gold-claims.jpg
These newly staked claims are deemed to be Tie-In Claims under
the terms of the Company's property option agreements with Shawn
Ryan and Wildwood Exploration Inc. (collectively the "optionors")
and thus become subject to the terms of those agreements, including
among others the 2% NSR and buyback provisions as disclosed
previously.
Ethos now has a substantial property portfolio totalling 3,647
claims or approximately 763 square kilometres (76,318 hectares) in
area of prospective claims in the White Gold District optioned from
target generator Shawn Ryan. Ethos' four main properties, plus the
small Rude Creek property, are summarized (as of May 30, 2011) in
the following Table:
-------------------------------------------
Property Claims Hectares
-------------------------------------------
Wolf 238 5,059
Betty 730 15,259
Bridget 2,191 45,799
Hen 476 9,950
Rude Creek 12 251
-------------------------------------------
TOTALS 3,647 76,318
-------------------------------------------
The small block of 12 "Royal" quartz claims was acquired as part
of the Hen Option Agreement (see March 3, 2011 News Release) and is
located in the middle of Silver Quest's Rude Creek Gold
property.
This news release has been reviewed and approved by Peter
Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and
Qualified Person for the Yukon projects as defined by National
Instrument 43-101.
Gary Freeman, President & CEO
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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