Ethos Capital Corp. (the "Company" or "Ethos") (TSX
VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) reports gold analyses from
rock grab samples up to 24.8 g/t gold with 19 g/t silver from
trenches at the Mercedes zone, and 7.3 g/t gold and 78 g/t silver
from a soil sample at the Spitz zone in the area of Mascot Creek at
the Betty Property, located east along-strike of Kaminak Gold
Corporation's ("Kaminak") Coffee discovery in the White Gold
District, west-central Yukon Territory, Canada.
The Mascot Creek anomaly encompassing a 15 square kilometer area
(see August 9, August 29 and September 12, 2011 News Releases) has
been subdivided into seven zones; Mercedes, Thornton, Spitz,
Miller, Perrault, Bond, and Marshall. The zones were divided based
on interpreted magnetic lineaments combined with anomalous soil
chemistry, encouraging assays from prospecting rock grab samples,
and visual results from recently completed prospecting pits.
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_3Oct2011.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_3Oct2011.jpg)
These are expected to be revised as additional data is
received.
A total of 11,225 soil samples have been collected from the
Betty Property in three phases during 2011. Analyses for 7,464 have
been received; 3,761 results of Mascot grid infill and extensions
are still pending and due in October. All of the seven zones remain
open and further definition will be provided by the pending soil
results. Gold has a strong positive correlation with arsenic
(statistically greater than 70%) in the Betty soil results; arsenic
is an excellent pathfinder for gold at Betty.
Peter Tallman, COO of Ethos states, "All rock, soil, and
trench/pit results so far continue to indicate potential in the
Mascot Creek area for a large gold-mineralized system. We have
begun to identify specific targets within this anomalous area."
Significant Results to Date
Mercedes
Two new rock grab samples at the Mercedes zone from a previously
sampled trenching pit (see September 12, 2011 News Release) assayed
18.4 g/t gold with 45 g/t silver and also 19.8 g/t gold with 21 g/t
silver from arsenopyrite (arsenic sulphide) veining. One rock grab
sample of similar mineralization from a pit 20 meters away to the
northeast assayed 24.8 g/t gold with 19 g/t silver. A fourth rock
grab sample from a pit 100 meters to the north assayed 1.2 g/t gold
from a silicified felsic intrusive rock.
The Mercedes anomaly is defined by greater than 75 ppb gold in
soils 1,200 meters long and up to 450 meters wide at values above
50 ppb Au. The maximum gold soil value is 1,149 ppb Au and the
anomaly is open to the south. The Mercedes zone has had preliminary
trenching and pitting completed and one of the pits on the
southernmost end previously yielded arsenopyrite veining that
assayed 16.4 g/t gold and 10 g/t silver (see September 12, 2011
News Release).
Spitz
The Spitz anomaly is 600 meters long with a maximum soil value
of 7,288 ppb gold (7.3 g/t Au) with 78 g/t silver and is open
ended. The 7.3 g/t gold in soil anomaly is the second highest soil
result known to the Company in the Klondike-White Gold district and
is comparable to the highest gold soil values at White Gold
(Underworld) and Coffee (Kaminak).
Thornton
The Thornton anomaly is 850 meters in length with nine soil
sites greater than 100 ppb gold up to 306 ppb gold and is open
ended. It is defined primarily by gold anomalous ridge-and-spur
reconnaissance soil samples; additional soil samples are
pending.
Miller
The Miller anomaly is 700 meters in length with values in soils
up to 560 ppb gold and is up to 150 meters wide at values above 50
ppb Au. One rock sample grab from a prospecting pit in the middle
of the anomaly assayed 1.3 g/t gold with 6 g/t silver.
Perrault
The Perrault anomaly is 800 meters in length with soil values up
to 792 ppb gold. So far this is the only soil anomaly that appears
to be fully constrained.
Bond
The Bond anomaly is 1,000 meters in length and open-ended with
soil values up to 1,136 ppb gold. The soil anomaly corresponds to a
north-south oriented magnetic 'break' feature. Two previously
reported rock grab samples from a backhoe-dug trench assayed 0.7
g/t to 0.9 g/t gold with 8 g/t to 10 g/t silver were from the Bond
anomaly (see September 12, 2011 News Release).
Marshall
The Marshall anomaly is 600 meters long and has soil values up
to 935 ppb Au, however it is minimally defined by current soil
results. Additional soils are being assayed which should provide
better definition of this zone.
Results to Come
Approximately 5,000 meters of trenches and trenched prospecting
pits have been completed on the Betty Property with assay results
pending from approximately 1,200 samples systematically collected
from these sites. Analyses are also pending for 3,761 soils
collected and submitted for analysis.
Results from soils, rocks, and prospecting of the Bridget,
Hayes, Hen, and Wolf Properties are being received. A summary of
results from these projects will be forthcoming upon receipt of
pending analyses and completion of initial compilation.
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. The Coffee Fault and subordinate structures are the
focus of Ethos' Betty Property exploration program.
Gary Freeman, CEO and President of Ethos states, "These rock and
soil results continue to validate the concept that the Mascot Creek
area is one of the most significant anomalies to be identified in
the White Gold region and is comparable to the early stages at both
the White and Coffee discoveries. We are very excited by these
exceptional early indications of a gold endowment at Betty."
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.
Soil samples are analyzed by Acme Analytical Laboratories Ltd. 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 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 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 herein 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 $15 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 trench and soil samples from the Mascot Creek
zone, Betty Property, White Gold District, Yukon, as well as
pending results yet to be received. 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. Fred Leigh 604-682-4750 Ethos
Capital Corp. Gary Freeman 604-682-4750www.ethoscapitalcorp.com
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