Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:
ECC)(OTCQX: ETHOF)(FRANKFURT: 1ET) is pleased to report gold
analyses from rock samples collected during 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.
A total of 19 rock samples were collected from first-pass
prospecting traverses at the Betty Property designed to follow-up
gold soil anomalies generated from a property-wide ridge and spur
soil sampling program undertaken by Ground Truth Exploration Inc.
of Dawson City ("Ground Truth") (see July 12, 2011 News Release).
Five of the nineteen rock samples have returned significant
results.
Buck Zone "Discovery"
The Buck Zone, identified by Ethos's ridge and spur soil
sampling (July 12, 2011 News Release), includes a 597 ppb gold soil
anomaly. The soil sample site contains abundant quartz clasts which
may be indicative of eroding quartz veins hosted in the bedrock
below. A grab sample (580604) of sub-crop consisting of a
silicified, pyrite-arsenopyrite-bearing felsic intrusion cut by
quartz veins was 10 meters north of the soil site and returned 2.1
g/t gold and 1,113 ppm arsenic.
Four additional rock samples of sub-crop were collected
systematically from hand excavated pits spaced 10 meters apart
within a 20 meter by 10 meter grid adjacent to the original 597 ppb
gold soil anomaly. All five rock samples are composed of oxidized,
altered felsic intrusions with variable quantities of quartz veins.
All of the samples returned anomalous arsenic from 324 ppm to 1,113
ppm; antimony from 4 to 46 ppm; mercury from 0.2 to 0.5 ppm, and
barium from 212 to 674 ppm.
Peter Tallman, P.Geo. and COO of Ethos, states, "The discovery
of gold on the Betty Property hosted by similar rocks and with
similar multi-element signatures to those successfully being
explored and drilled by Kaminak Gold Corp, our neighbour to the
west, shows that the Coffee Fault is a gold mineralized structure
with regional significance and is highly prospective for gold."
Photos of the Buck Zone trenching and mineralized rock samples
are being posted to the Company's website and will be available for
viewing shortly.
Ongoing Work at the Betty Property
A 3-man camp including back-hoe with cutters and back-hoe
operator has been established at the Buck Zone. Approximately 150
meters of trenching has been completed and systematically sampled
and this work continues. Preliminary results visually confirm an
area of strong alteration, quartz veining, and iron oxides within
felsic intrusive rock.
Prospecting traverses along and adjacent to the Coffee Fault
have so far targeted the specific site of gold-in-soil anomalies
and visually similar rocks to the Buck Zone have been identified in
other areas with assays pending. Prospecting continues with
priority targets being; a) gold-in-soil anomalies and b) sites
where Ground Truth personnel have identified quartz/silicification
in the sample where analyses have not yet been received.
Airborne magnetic and radiometric surveying has commenced on the
Betty Property and preliminary results received. Flight lines are
spaced 100 meters apart which allows excellent resolution of
structural features. The high-priority Buck Zone within the Betty
Claims will be surveyed first and the data collected will be used
to guide trenching and to generate new targets.
In addition, soil sampling, prospecting, mapping, airborne
magnetic and radiometric surveying and other surveys have begun on
all other Ethos Properties in the White Gold District. Updates on
progress and exploration results will follow.
Gary Freeman, CEO and President of Ethos, states, "This is a
very exciting 'first result' gold discovery by diligent work from
our field crews and a testament to the knowledge and value provided
by our partner Shawn Ryan."
To view the location of our claims please click on the following
link:
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.
Prospecting rock samples are analyzed by Acme Analytical
Laboratories Ltd. ("Acme"), an ISO 9001 certified laboratory.
Prospecting rocks are crushed, split, and a 250 g sub-sample ground
to 250 mesh. A 15 g sub-sample of this 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.
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 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 results received from grab sampling at the
Betty Property, and 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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