Ethos and Vior Announce Commencement of Drilling at their Ligneris Gold Project, Abitibi, Québec
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos and Vior Announce Commencement of Drilling at their
Ligneris Gold Project, Abitibi, Québec
Vancouver, BC – November 1, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
(OTCQX:ETHOF) and Société d'exploration minière Vio r Inc. (“ Vior ”) (TSXV:VIO) are pleased to
announce the commencement of their previously annou nced drill campaign on the Ligneris gold project
(the “ Ligneris Project ”), located 110 km north of Val-d'Or, Quebec (see p ress release of September 18,
2019). Two diamond drills are now on site and runn ing, each targeting two different areas, namely the
Central and the South zones. Approximately 6,000 meters of drilling in the First Phase program is scheduled
to be completed by the end of December 2019.
Figure 1. Ligneris- Chargeability, VTEM and selected historic drill intercepts
The objective of this drilling program is to test the depth extensions of historical gold-bearing drill intercepts
to approximately 600 meters, which coincide with we ll-defined geophysical chargeability anomalies. Th e
program will also test some shallow-depth chargeability anomalies generated from the recently completed
gradient induced polarization survey (Gradient IP) that are located along strike with known strongly altered
structural corridors. Historical drill intercepts at Ligneris included 10.6 m @ 13.5 g/t Au and 2.9 m @ 62.0
g/t Au in the South Zone, and 1.45 m @ 216 g/t Ag a nd 2.79% Zn, and 5.43 m @ 4.92 g/t Au in the Central
Zone. The mineralization at Ligneris is interprete d as an Archean-age, gold rich volcanogenic massive
sulphide system, geologically analogous to Agnico E agle’s flagship Bousquet/LaRonde complex located 80
km south.
Craig Roberts, P.Eng., President and CEO of Ethos stated: “We are excited to have commenced a significant
drill program at Ligneris to test many of the high priority targets developed by our independent consultant
InnovExplo. Previous drilling on Ligneris, almost 3 0 years ago, tested only the first 300 metres from the
surface and intercepted multiple significant gold intervals (see Figure 1). Many of the drill holes will now test
the strong chargeability anomalies identified in the recent gradient IP survey below this gold mineralization.
We look forward to the results from this program.”
Ligneris Option Agreement
Ethos can earn a 51% interest in the Ligneris Project by issuing to Vior 1.0 million Ethos shares and incurring
$3.0 million in expenditures over the first four years of the agreement. Following an initial earn-in to 51%,
Ethos will have 60 days to elect to earn-in a further 19% interest (thereby increasing its total interest to 70%)
by incurring an additional $4 million in expenditures over the subsequent three years.
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 d efined under National Instrument NI 43-101 (“ NI 43-
101 ”). Marc L’Heureux, P.Geo., M.A.Sc., VP Exploration of Vior and a Qualified Person as defined under N I
43-101 has also reviewed and approved this release.
Contact
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
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.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securi ties legislation,
relating to, among other things, the Company’s inte ntion to acquire an interest in the Ligneris Projec t and planned
exploration activities at the Ligneris Project. Al though the Company believes that such statements ar e reasonable, it
can give no assurance that such expectations will p rove to be correct. Forward-looking statements are statements that
are not historical facts; they are generally, but n ot always, identified by the words "expects," "plan s," "anticipates,"
"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 the statements ar e made and
they involve a number of risks and uncertainties. C onsequently, there can be no assurances that such s tatements will
prove to be accurate and actual results and future events could differ materially from those anticipat ed in such
statements. Except to the extent required by applic able securities laws and the policies of the TSX Ven ture Exchange,
the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates
or opinions, or other factors, should change. Facto rs that could cause future results to differ materi ally from those
anticipated in these forward-looking statements inc lude, possible, accidents and other risks associate d with mineral
exploration operations, the risk that the Company w ill encounter unanticipated geological factors, the possibility that
the Company may not be able to secure permitting an d other governmental clearances necessary to carry out the
Company's exploration plans, the risk that the Comp any will not be able to raise sufficient funds to c arry out its
business plans, and the risk of political uncertain ties and regulatory or legal changes that might int erfere with 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.