Ethos Capital Corp. (the "Company" or "Ethos") (TSX
VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) is pleased to report final
gold soil geochemical results from the 2011 exploration program, as
well as new gold analyses from initial pit trench rock samples from
the Mascot Creek soil grid area, where Ethos Capital Corp. has
delineated a large gold soil anomaly measuring 5 km by 3.5 km at
the Betty Property located east of Kaminak Gold Corporation's
("Kaminak") Coffee discovery in the White Gold District,
west-central Yukon Territory, Canada.
Gary Freeman, CEO and President of Ethos, states, "The Mascot
Creek area is particularly exciting because we have discovered
significant gold mineralization in rock samples within a very large
gold soil anomaly. These first gold results from pit trenches are
extremely encouraging and this continues to reinforce our view that
the Betty property has considerable potential for gold
mineralization."
Mascot Grid Soil Results:
Ethos has received results from 11,225 soil samples collected at
the Betty Property. A total of 7,017 soil samples were collected on
the Mascot Grid which were designed to follow up gold-soil
anomalies obtained from a reconnaissance 4,208-sample
ridge-and-spur soil campaign on the Betty Property.
The Mascot grid contains a large,multiline gold-soil anomaly
that is similar in size and intensity to anomalies defined at
recent gold discoveries in the Klondike White-Gold District,
including the White (Underworld) and Coffee (Kaminak). When
directly compared to publically available data from these areas,
the Mascot anomalies rank among the top three gold soil anomalies
in the region. The Mascot soil anomaly has six soil values above
1,000 ppb Au to a maximum of 7,288 ppb Au, 105 sites with values
above 100 ppb Au, and 462 sites with values above 25 ppb Au. The
extent of the Mascot grid gold-soil anomalies, taken collectively,
has now expanded with newly received data to reach 5 kilometers
long by 3.5 kilometers wide.
The Mascot anomaly, now encompassing a 17.5 square km area, was
subdivided into seven zones (Mercedes, Thornton, Spitz, Miller,
Perrault, Bond, and Marshall) as described previously (see October
6, 2011 News Release). With the receipt of new results, two new
anomalous target areas have been identified. Koona is 600 meters
long with Au soils up to 687 ppb Au. Teek is 1,400 meters long with
multiple sites above 500 ppb Au up to 2,488 ppb Au.
To view a compilation map of the Betty property gold soil
anomalies please click the following link:
www.ethoscapitalcorp.com/i/maps/yukon/Betty_Assay_Results_27Oct2011.jpg
A preliminary detailed map of the Mascot Creek area soil
anomalies with the location of the individual zones can be viewed
by clicking the following link:
www.ethoscapitalcorp.com/i/maps/yukon/Betty_Mascot_Assay_Results_27Oct2011.jpg
Mercedes Trenching Results, Mascot Grid:
A series of trench pits excavated to test the intensity and
continuity of subsurface gold mineralization within the Mercedes
gold soil anomaly were systematically sampled along two trench
lines (Line 1 and Line 2). Trench pits were excavated using a
backhoe and are spaced 5 to 10 meters apart. Samples were collected
from a depth of approx. 2 meters, and consist of composite chip
samples (minimum 1 meter in length) along the bottom of the trench
pits. Representative samples averaging 1.6 kilograms consist of
angular to subangular weathered bedrock.
Line 1: A total of 52 trench pits were excavated along a 270
meter length. Nine samples from a 50 meter, mineralized interval
within Line 1 average 7.3 g/t gold over the 50 meter length. The
following tables lists the individual sample ID's, gold content in
parts per billion (PPB) and arsenic content in parts per million
(PPM).
--------------------------------------------------------------------------
Sample ID Sample Wgt (KG) Gold (PPB) Arsenic (PPM)
--------------------------------------------------------------------------
1275101 1.36 26600 greater than 10000
--------------------------------------------------------------------------
1275106 1.86 14700 greater than 10000
--------------------------------------------------------------------------
1275102 1.43 9917 greater than 10000
--------------------------------------------------------------------------
1275139 1.73 5591 greater than 10000
--------------------------------------------------------------------------
1275103 2.28 4658 greater than 10000
--------------------------------------------------------------------------
1275104 1.47 2116 greater than 10000
--------------------------------------------------------------------------
1275107 1.88 1578 1494
--------------------------------------------------------------------------
1275140 1.35 359 974.5
--------------------------------------------------------------------------
1275105 1.27 143 951.7
--------------------------------------------------------------------------
A detailed compilation and sample location map of Line 1 samples
can be viewed by clicking the following link:
www.ethoscapitalcorp.com/i/maps/yukon/Betty_Mascot_MercedesTrench_27Oct11.jpg
Line 2: A total of 64 trench pits were excavated along a 370
meter length. Six samples from a 45 meter sub-section of Line 2
average 2.9 g/t gold over the 45 meter length. The following tables
lists the individual sample ID's, gold content in parts per billion
(PPB) and arsenic content in parts per million (PPM).
--------------------------------------------------------------------------
Sample ID Sample Wgt (KG) Gold (PPB) Arsenic (PPM)
--------------------------------------------------------------------------
1105958 1.57 6784 1736.2
--------------------------------------------------------------------------
1105957 1.65 5417 2357.9
--------------------------------------------------------------------------
1105953 1.76 4808 1138.1
--------------------------------------------------------------------------
1105956 1.85 347 2723.9
--------------------------------------------------------------------------
1105955 1.88 125 708.4
--------------------------------------------------------------------------
1105954 1.68 2 85.2
--------------------------------------------------------------------------
The gold-bearing interval in Line 2 is 83 meters north of the
gold-bearing interval in Line 1.
Ethos has 5,089 claims covering an area of 1,063 square
kilometers in the emerging White Gold District. 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 in the vicinity of the Mascot Grid soil anomaly. The
Coffee Fault and subordinate structures are the focus of Ethos'
Betty Property exploration program.
Geotechnical Information
Pit Trenching
Proposed pit trench lines are flagged. Brush is cut along the
flagged line and cleared. Each pit is excavated to the effective
depth capable of the machine of between 1.5 to 2.0 meters over a
length at bottom of 1.0 to 2.0 meters. Pits are spaced between 5
and 10 meters apart along the line. Each pit is GPS'd (in UTM NAD83
datum) with a hand-held Garmin instrument with an assumed accuracy
of +/- 5 meters horizontally. The pit is photographed and the photo
geo-tagged to the pit UTM coordinate. One continuous rock-soil
sample across the bottom/side of the pit is collected weighing 1.3
to 2.5 kg and geo-tagged to the pit UTM coordinate. The rock and
mineral fragments are examined and described; a sample assay tag is
inserted into the bag and sealed. Individual bags are aggregated in
larger 'rice bags' with sample numbers per bag recorded, the rice
bags sealed, and delivered to ACME Lab facility in Dawson. An ACME
Lab representative signs for receipt of bag(s).
Using the pit trench methodology, grade/length estimations are
indicators of exploration potential only and should not be relied
upon as they may overestimate the area of the potential bedrock
source. The Mascot soil anomaly area is unglaciated and has been
weathered in place over time; solid bedrock is beyond the depth
reach of the backhoe in this area. Consequently, material collected
by pit trench sampling is considered a C-horizon soil comprised of
mechanically and chemically disaggregated fragments derived
directly from the bedrock below. Because it is a soil, there are
process such as downslope dispersion that act to 'fan' the area of
locally-derived anomalous material which, using the pit trench
methodology, will overestimate the area of the potential bedrock
source.
Soil Samples
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.
Soil samples are analyzed by 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.
Rock Samples
Rock samples in this news release were analyzed at Acme 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.
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 $14.5 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, final gold soil geochemical results from the
2011 exploration program, as well as new gold analyses from initial
pit trench rock samples from the Mascot Creek soil grid area. Betty
Property, 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. Fred Leigh 604-682-4750www.ethoscapitalcorp.com
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