Drilling Commences at Carlin East Project, Nevada
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Drilling Commences at Carlin East Project, Nevada
Vancouver, BC – July 23, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC) (OTCQB:
ETHOF) is pleased to announce that Ridgeline Minerals Corp. (“Ridgeline”) has commenced drilling
at its Carlin-East project. Ethos holds an approximately 8% interest in Ridgeline and has the right to
maintain this interest through the next phase of financing (see Ethos May 30, 2019 news release).
Carlin-East is a 17-square-km core land position in the Carlin trend that is on trend with Newmont’s
multimillion-ounce Leeville-Turf gold mine and adja cent to Barrick’s Goldstrike complex. The
primary structures (Four Corners & Lynn Faults) bou nding mineralization at the Leeville-Turf mine
are interpreted to extend onto the Carlin-East prop erty and coincide with a kilometer-scale Au in
soils anomaly centered over a pronounced gravity ge ophysics high. Exploration over the past 30
years was sporadic and restricted to geophysics, surface geochemistry and shallow drilling (<1000′)
that never reached its intended Lower Plate target. Recent work by Ridgeline suggests that the
Carlin-East property may be a dissected portion of the Goldstrike mineralized system that was
offset to the eastern margin of Little Boulder Basi n during post-mineral Miocene extension (see
Figure 1 below). Historic deep drilling by Newmont supports this theory and suggests the eastern
basin margin may host additional high-grade mineralization under Upper Plate cover.
Figure 1. Schematic Geological Section of Carlin-East.
Ridgeline has recently completed a property-wide gr avity survey, a phase I soils program totaling
250 samples, and a detailed structural mapping prog ram followed by integration of all data into a
leapfrog 3D model. A 5.0-acre BLM Notice of Intent drilling permit has been approved and bonded
with the first of two planned drill holes beginning on July 23rd, 2019. Drilling will target Carlin-Type
mineralization within Ridgeline’s highest priority target in the Four Corners – Lynn structural
corridor with a proposed target depth of 1700’-2200’ and a drill capable of extending to 3000+ feet
if warranted. Assay results are expected by end of August, 2019.
Qualified Person
Jo Price, M.Sc., MBA, P.Geo., VP Exploration of the Company and a Qualified Person as defined
under National Instrument 43-101 has reviewed and approved this release.
About Ethos Gold
Ethos’ strategy is to earn into potentially large, drill ready gold projects that can be drill tested over
a shorter time frame with a relatively modest budget. Ethos’ current projects include:
La Purisima (earning 100%) is a near surface, bulk tonnage, oxide gold target located in Chihuahua,
Mexico. Ethos is now conducting its maiden drill program at La Purisima, with 15 of a planned 18
holes now completed.
Iron Point (earning 50% from Victory Metals Inc: TSX-V: VMX) is a Lower Plate hosted Carlin-style
gold target, located 22 miles east of Winnemucca, N evada. Drilling at Iron Point is underway
supervised by Dr. Quinton Hennigh. The first two p lanned holes (Holes 1 and 2) have been
completed, and Hole 3 is now permitted, and constru ction of a short access road and drill pad is
underway.
Carlin East and Swift . Ethos also owns approximately 8% of the equity of Carlin Type Holdings Ltd.,
a private British Columbia company whose wholly own ed US subsidiary, Ridgeline Minerals
Corporation, is earning into 100% ownership of thre e Nevada gold exploration projects, including
two deep Carlin-type targets. Ridgeline has now commenced drilling of Carlin-East.
Ligneris (earning up to 70% from Vior Inc: TSXV:VIO) is loc ated 90 km north of Rouyn-Noranda,
Quebec. The project has a large mineralized surfac e expression, and approximately 200 holes
drilled to approximately 300 m depth, with some significant gold drill intercepts. The project rocks
and mineralization bear many similarities to Agnico’s LaRonde complex. Surface sampling and line
cutting for geophysics has now commenced and Ethos plans to commence a drill program in the
third quarter of 2019.
Perk-Rocky (earning 100%) is a large copper-gold porphyry tar get located 220 miles east of
Williams Lake, British Columbia. The 2019 explorat ion program including detailed airborne
geophysics and ground sampling and mapping has comm enced. Subject to results and permitting
Ethos may conduct some initial drilling at Perk-Rocky prior to the end of the 2019 season.
Ethos is also earning into the Pine Pass and Ursula vanadium projects (100% earn-in) in north-
central British Columbia. In March 2019 Ethos recei ved notice from the Province of British
Columbia that the mineral tenures making up its Pin e Pass vanadium project are included in an
area under consideration for an immediate moratoriu m on development proposals and possible
inclusion in an expanded environmental protected area, and Ethos is now waiting on the resolution
of this issue before proceeding with further work.
Ethos currently has cash of approximately C$6.5 million and 56.3 million shares issued .
For additional information please contact Tom Martin at E: [email protected] P: 1-250-516-
2455 or view the Company’s website, www.ethosgold.c om and the Company’s SEDAR profile at
www.sedar.com.
Ethos Gold Corp.
Per: " Craig Roberts "
Craig Roberts, P .Eng., President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian securi ties
legislation. Although the Company believes that suc h statements are reasonable, it can give no assuran ce
that such expectations will prove to be correct. Fo rward-looking statements are statements that are no t
historical facts; they are generally, but not alway s, identified by the words "expects," "plans," "ant icipates,"
"believes," "intends," "estimates," "projects," "ai ms," "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 th e
statements are made and they involve a number of ri sks and uncertainties. Consequently, there can be n o
assurances that such statements will prove to be ac curate and actual results and future events could d iffer
materially from those anticipated in such statement s. Except to the extent required by applicable secu rities
laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update thes e
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should ch ange.
Factors that could cause future results to differ m aterially from those anticipated in these forward-l ooking
statements include the risk of accidents and other risks associated with mineral exploration operation s, the
risk that the Company will encounter unanticipated geological factors, or the possibility that the Com pany
may not be able to secure permitting and other agen cy or governmental clearances, necessary to carry o ut
the Company's exploration plans, and the risk of po litical uncertainties and regulatory or legal chang es in the
jurisdictions where the Company carries on its busi ness that might interfere with the Company's busine ss
and prospects. The reader is urged to refer to the Company's reports, publicly available through the
Canadian Securities Administrators' System for Elec tronic 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 respo nsibility for the adequacy or accuracy of this
release.