Ethos and Vior Announce Drilling Results from the Ligneris Gold Project, Abitibi, Québec
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos and Vior Announce Drilling Results from the Ligneris Gold
Project, Abitibi, Québec
Vancouver, BC – April 23, 2020, 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 results of their diamond drilling camp aign completed between late October, 2019
and mid-February, 2020 at the Ligneris gold project in Quebec.
The program’s primary objective, which included 14 holes totaling 8,318 meters, was to test to a
depth of approximately 600 meters, the extent of th e gold mineralization system on the Central
and South zones, which coincide with well-defined c hargeability geophysical anomalies. The
program also tested certain chargeability anomalies generated during the recent IP survey which
were located in the lateral extensions of some strongly altered structural zones. The mineralization
encountered during this drilling program at Ligneri s appears to be related to a gold-rich massive
volcanogenic sulfides environment with local remobilization in deformation zones.
Best drill results of the program*:
• Drill hole LI-19-02 , Between 620.5 and 639.5 meters cut 1.19 g/t Au over 19.0 meters,
including 2.36 g/t Au over 8.0 meters;
• Drill hole LI-19-03 , between 391.0 and 397.1 meters cut 0.45 g/t Au over 6.1 meters;
• Drill hole LI-19-04 , between 566.0 and 575.5 meters cut 0.83 g/t Au over 9.5 meters,
including 1.02 g/t Au over 5.5 meters;
• Drill hole LI-19-05 , between 717.0 and 721.0 meters cut 1.19 g/t Au over 4.0 meters,
including 1.95 g/t Au over 2.0 meters ;
• Drill hole LI-19-06 , between 488.0 and 500.1 meters cut 1.09 g/t Au over 12.1 meters,
including 1.69 g/t Au over 7.0 meters, including 5.70 g/t Au over 1.0 meters;
• Drill hole LI-19-07 , between 208.0 and 209.0 meters cut 23.5 g/t Au over 1.0 meters;
• Drill hole LI-19-08 , between 646.0and 653.0 meters cut 0.78 g/t Au over 7.0 meters,
including 2.94 g/t Au over 1.0 meters.
* The true thickness of reported drill intervals cannot be determined with the information currently available.
Additional drilling would be required to determine the orientation and true thickness of the mineralized zones.
Saliant points from the program
• Visual examination of the drill core shows that the strongly altered zones extend at a depth
of over more than 600 meters vertical in the Central and South zones.
• The Central zone is characterized by the presence o f disseminated to semi-massive pyrite
mineralization, with locally sphalerite and chalcop yrite, included within a 100+meter thick
highly silicified, sericitized, ankeritized (with locally chloritoids) alteration zone.
• The South zone is characterized by extensive dissem inated pyrite and stringer
mineralization associated with a series of highly s ilicified and sericitized shear zones
exceeding 10 meters in thickness.
• Significant grades of silver and base metals reachi ng up to 10.1 g/t Ag and 0.18% Cu over
9.0 meters (drilling LI-19-06) and 26.4 g/t Ag and 0.43% Zn over 5.0 meters (hole LI-19-07)
were intersected in the Central zone;
• All of the tested chargeability anomalies were asso ciated with pyrite mineralized zones
ranging from disseminated to semi-massive.
• A TDEM geophysical survey carried out in 5 of the drill holes detected off-hole anomalies in
2 distinct drill holes in the South zone, indicatin g conductive bodies within a 100-meter
radius.
Figure - Ligneris Project - New drilling results (i n blue), selected historic intercepts and VTEM anoma lies on a
chargeability background.
Outlook
The next planned work is to process the lithogeoche mical results and gold assays using 3D
modeling. This will help to establish mineralizati on and alteration vectors in order to generate
new targets for a future drilling program. These ne w targets will be added to the 27 that were
determined during the multifactorial 3D processing by InnovExplo, of which only 14 were tested
during the fall 2019 - winter 2020 drilling program.
Quality Control
The drill core concerned in this release has been described, marked and cut under the supervision
of qualified persons. The drilling samples were sen t to the certified laboratory Techni-Lab in Val-
d´Or, including standards and blanks for approximat ely each 20 samples analyzed. The samples
were analyzed for gold by fire assay on 30-gram fra ctions with atomic absorption and/or
gravimetric finish. As well, certain samples were analyzed for oxides and other elements by ICP-MS
method at the Actlabs laboratories, of Ancaster, Ontario.
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 fir st 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 defined 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 NI 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.