Ethos Acquires Campbell Lake Gold -VMS Project, Ontario; Targets ~10 km Altered Structural Corridor
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Acquires Campbell Lake Gold -VMS Project, Ontario;
Targets ~10 km Altered Structural Corridor
Vancouver, BC – October 7, 2020, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
(OTCQB: ETHOF) is pleased to announce that it has entered into an earn -in agreement under which Ethos
may earn a 100% interest in the 3488 hectare (34.88 km 2) Campbell Lake gold project located
approximately 40 km north of the town of Armstrong, Ontario.
Highlights
• A ~10km long prospective alteration corridor was id entified by Ontario Government bedrock
mapping initiatives in the area from the late 1970’ s (Report 251). Extensive sulphide
mineralization is described near a regionally signi ficant mafic volcanic - metasedimentary contact
zone with reports of significant alteration “sericite schist” along the trend. Coarse geophysical maps
show km -scale magnetic anomalies associated with these seri cite schists and reported sulphide
zones.
• Research by Ethos geologists has confirmed that thi s sulphide trend has not been documented in
mineral inventory databases and no prospecting or drilling was ever submitted for assessment.
• The property also hosts numerous other shear zone a nd iron formation hosted gold prospects
associated with Pb and Ag minerals. The Bovin -Gilbert Occurrence yielded 8.57 g/t Au over 25.4
cm from a small drill campaign in 1949. Reports su ggest the enveloping folded iron formation
may exceed 90m thick (Assessment# 52I10 SW 0024). No modern exploration work has bee n
reported in over 60 years despite prospective geology and relatively good access.
• Ethos is currently completing a high resolution air borne magnetic survey and acquiring detailed
satellite imagery this Fall and follow up prospecti ng and sampling Is expected to begin in the
spring of 2021.
Planned Work Program
• Ethos is completing a high resolution airborne magn etic survey and acquiring detailed satellite
imagery. Follow up prospecting and sampling is expected to begin in the spring of 2021 designed to
ground truth geophysical targets and reports of alt eration and surface mineralization from previous
government sources.
Figure 1. Campbell Lake property
Earn -in Agreement
Ethos can earn a 100% interest in Campbell Lake by making the following cash and share payments at its
option:
• Cash payment of $10k and 600k shares upon signing.
• 600k shares on completion and evaluation of airborne geophysical survey
• 600k shares at 12 months.
• 1.8 million shares at 24 months.
There are no work commitments.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jo Price, P.Geo., M.Sc.,
VP Exploration of Ethos, and a Qualified Person as defined under National Instrument NI 43 -101 (“NI 43 -
101”).
Contact
For additional information please contact Tom Marti n at E: [email protected] P: 1-250-516-2455 or
view the Company’s website, www.ethosgold.com 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,
including, but not limited to, statements regarding the Company’s plans with respect to the Company’s projects and
the timing related thereto. Although the Company be lieves that such statements are reasonable, it can give no
assurance that such expectations will prove to be c orrect. Forward-looking statements are statements t hat are not
historical facts; they are generally, but not always, identified by the words "expects," "plans," "antic ipates," "believes,"
"intends," "estimates," "projects," "aims," "potent ial," "goal," "objective," "prospective," and simil ar expressions, or
that events or conditions "will," "would," "may," " can," "could" or "should" occur, or are those state ments, which, by
their nature, refer to future events. The Company c autions that Forward-looking statements are based o n the beliefs,
estimates and opinions of the Company's management on the date the statements are made and they involv e a number
of risks and uncertainties. Consequently, there can be no assurances that such statements will prove t o be accurate and
actual results and future events could differ mater ially from those anticipated in such statements. Ex cept to the extent
required by applicable securities laws and the poli cies of the TSX Venture Exchange, the Company under takes no
obligation to update these forward-looking statemen ts if management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause future resu lts to differ materially from those anticipated in these forward-
looking statements include the risk of accidents an d other risks associated with mineral exploration o perations, the risk
that the Company will encounter unanticipated geolo gical factors, or the possibility that the Company may not be able
to secure permitting and other agency or government al clearances, necessary to carry out the Company's exploration
plans, risks and uncertainties related to the COVID -19 pandemic, and the risk of political uncertainti es and regulatory
or legal changes in the jurisdictions where the Com pany carries on its business that might interfere w ith the
Company's business and prospects. The reader is urg ed to refer to the Company's reports, publicly avai lable 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.