Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:
ECC)(OTCQX: ETHOF)(FRANKFURT: 1ET) is pleased to report gold
analyses from soil samples up to 277 ppb Au and to provide an
update on the 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 and just one of the 5 properties that Ethos owns
in the area.
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. 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.
A total of 3,875 reconnaissance ridge-and-spur soil samples
representing 194 line kilometers of soil data have been collected.
Results have now been received for 2,354 samples representing 60%
of the total collected at the Betty Property. Remaining samples
have been delivered to the analytical lab for processing.
A previously reported ridge-and-spur soil result of 597 ppb Au
(see July 12, 2011 News Release) led to the discovery of 2.1 g/t Au
in rock at the Buck Zone (see July 25, 2011 News Release). At
present, the Buck Zone is defined by trenching to occupy a 250
meter by 250 meter area of alteration, as described in more detail
below. The nearest adjacent ridge-and-spur soil lines are 700
meters away, also with anomalous Au and As geochemistry.
Numerous other gold anomalous soil sites have now been
identified. These are all in the process of being field-checked. A
gold-in-soil map of results received to date has been posted on the
Company's website and can be viewed by clicking on the link:
http://www.ethoscapitalcorp.com/i/maps/PreliminarySoilResults_Betty3Aug11.jpg
New Mascot Creek Soil Anomaly
New results reveal significant gold-anomalous soils in the area
of Mascot Creek located south of the main Coffee Fault. A line of
reconnaissance ridge-and-spur soils collected at 50 meter intervals
above the west bank along Mascot Creek returned a continuous
gold-in-soil anomaly above 10 ppb gold that is 2,500 meters long,
then a 650 meter interval gap not anomalous, then an additional 650
meter long gold-in-soil anomaly. The entire soil line ranges in
value from 10 ppb, with the numeric average of 34 ppb gold, and
with multiple sites above 100 ppb gold to a maximum of 277 ppb Au.
Soil values above 14 ppb Au are statistically anomalous above the
95th percentile for Ethos' soil sample database. These
gold-anomalous sites are also uniformly highly anomalous in arsenic
with many values above 250 ppm and six values between 505 ppm to
1611 ppm As. These Au and As values are consistent with results
reported by Kaminak from soils in proximity to gold-mineralized
zones.
A second line of reconnaissance ridge-and-spur soils was
collected at 50 meter intervals along the ridge top 900 meters west
of the line in Mascot Creek with similar results. There is a 1,400
meter long gold-in-soil anomaly above 10 ppb, then a 500 meter
interval gap not anomalous, then an additional 450 meter long
gold-in-soil anomaly. The anomalous values begin at 10 ppb and
reach a maximum of 134 ppb Au along this line, with a numeric
average of 34 ppb Au. These gold-anomalous sites are also uniformly
anomalous in arsenic with several values above 250 ppm As and one
value of 501 ppm As.
Samples from adjacent soil lines which would help refine the
geographic extent of this anomalous area are still in the lab with
analytical results pending.
The Mascot Creek area is now a priority area for follow-up.
Prospecting surveys have begun. Trenching of the anomalous
gold-in-soil line along the ridge top is planned as soon as the
backhoe completes Buck Zone trenching. An additional 1,000 soil
samples from a follow-up detailed soil grid are planned for
collection to expand the soil coverage; this program should begin
shortly.
Airborne Surveying
A total of 2,406 line kilometers of magnetic and radiometric
surveying of the Betty Property has been completed and preliminary
results are in hand. The magnetic survey clearly images the
first-order Coffee Fault as well as many additional second-and
tertiary-order structures. The Buck Zone is shown to be an area of
intersecting east-west and north-south magnetic linears interpreted
as faults. The Mascot Creek area gold-anomalous soils are also
associated with strong magnetic linears.
Buck Zone Trenching
1,500 meters of trenching have been completed at the Buck Zone
gold discovery in the immediate area of the 2.1 g/t gold sample
site. The trenches cover approximately a 250 meter square area and
are spaced 50 meters apart. The area is confirmed to have abundant
silicification, quartz veining, iron oxidation, and locally relict
arsenopyrite and pyrite. Prospecting the immediate area has
uncovered an outcrop containing boulangerite (antimony-arsenic
sulphide), stibnite (antimony sulphide) and arsenopyrite (arsenic
sulphide) approximately 600 meters south of the Buck Zone. The
outcrop is along a north-south structure interpreted from the
magnetic data that extends from the Buck Zone. Photographs of rock
samples and trenching are available on the Company's website.
A total of 298 rock samples have been collected from the Betty
Property predominantly from the Buck Zone trenches and the
antimony-arsenic bearing outcrop. All rock samples have been
submitted as a "rush" order to the analytical lab.
Peter Tallman, P.Geo. and COO of Ethos states, "The recognition
of antimony and arsenical sulphides associated with gold
mineralization and strong alteration adjacent to the Coffee Fault,
combined with the general level of oxidation of the host rocks,
continues to compare favourably with extremely similar early
results obtained by Kaminak Gold Corporation, our neighbor to the
west."
Gary Freeman, CEO and President of Ethos states, "We continue to
work diligently and methodically in investigating the many new gold
target areas which continue to come to light and we are excited by
the preliminary indications received to date."
To view the location of our claims including the Betty Property
please click on the following link:
http://www.ethoscapitalcorp.com/i/maps/ECC_ClaimsMap_4Jul11.jpg
The Coffee Fault and Betty Property can be viewed using Google
Earth through a link on the homepage of the Company's website,
www.ethoscapitalcorp.com.
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. Ridge-and-spur soil samples are analyzed by Acme
Analytical Laboratories Ltd. ("Acme"). 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 including arsenic. 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.
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.
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 gold analyses from soil samples near the
area of Mascot Creek at the Betty Property, as well as ongoing work
programs on the Company's Properties 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 604-682-4750 Ethos
Capital Corp. Andy Hay 604-682-4750 www.ethoscapitalcorp.com
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