Ethos Announces 2018 Pine Pass Project Vanadium Sampling Results
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Announces 2018 Pine Pass Project Vanadium Sampling Results
Vancouver, BC – December 6, 2018, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)
(TSXV:ECC) (OTCQB: ETHOF) is pleased to announce th e remaining results 2018 sampling
program from its Pine Pass vanadium project
East Limb Results
Results from Trench 1 (18PPT1) and Trench 2 (18PPT2 ) on the East Limb were reported in a
November 1, 2018 press release. The entire 255 m sampled in Trench 1 perpendicular to strike
averaged 0.27% V2O5, with significant intervals of +0.40% V 2O5. In Trench 2, approximately 1.1
km south east of Trench 1, the entire 218 m sampled in Trench 2 averaged 0.43% V 2O5, with
significant intervals of +0.50% V2O5 and up to +0.80% V2O5.
An effort was made to hand dig a third trench (Tren ch 5 (18PPT5)) in steep terrain
approximately 3 km south east of Trench 2 (see Figu re 1). The first 42 meters of this trench
reached bedrock and returned an interval of 20.5 me ters of 0.34% V 2O5. The balance of this
trench did not reach bedrock.
The three trenches on the East Limb, along with soi l and rock samples confirm that significant
vanadium mineralization extends over at least 5 km of the approximately 10 km of
prospective East Limb subcrop strike (see Figure 1). The remaining 5 km of East Limb strike
to the north west of the 2018 work will be explored in the 2019 season.
West Limb Results
Five soil lines and two trenches were completed on the West Limb in the 2018 program (see
Figure 1).
Trench 3 (18PPT3) was dug approximately 5.5 km north west of the Joh n Hart highway. This
trench included an interval of 31 meters of 0.10% V 2O5. Bedrock was primarily siltstone
indicating that the trench was likely outside of th e main target horizon. Results for a nearby soil
geochemistry line were received after Trench 3 was completed indicating that the highergrade
mineralized horizon was to the west of Trench 3. Work in 2019 will include extending this trench
to the west.
Trench 4 (18PPT3) was dug in very steep terrain approximately 500 m north west of the John
Hart highway. This trench included an interval of 9 meters of 0.27% V 2O5. Only the upper 17
meters of this trench reached bedrock. Work in 201 9 will include extending this trench to the
west.
2
As noted in the November 1, 2018 press release, the West Limb mineralization was also
outlined in a road cut on the John Hart highway whe re a 50 meter true width returned an
average of 0.39% V2O5 (including 0.45% over 20 meters).
The results of the soil and prospecting together wi th the mapped geology of both Trench 3 and
4 suggest that west limb high grade vanadium bearin g horizon is located approximately 150-
500m further to the west than anticipated. The 201 8 regional West Limb sampling and
trenching does confirm that significant vanadium mineralization extends over at least 9 km
of the approximately 10 km of prospective West Limb subcrop strike (see Figure 1).
Summary
2018 trench descriptions and sample summaries:
Trench# Zone Description Length
(m)
No. of
Samples
Average
Sample
length (m)
18PPT1 East Limb
Outcrop of laminated and fissile
carbonaceous Black Shale, locally
interbedded with carbonaceous Grey
Siltstone.
255 84 3
18PPT2 East Limb
Outcrop of laminated, fiss ile, and sooty
Black Shale with minor carbonaceous Grey
Siltstone
218 74 3
18PPT3 West Limb Outcrop of d ark g rey, semi-massive grey
Siltsone with minor Black Shale 73 22 3
18PPT4 West Limb Outcrop and Talus of Black Shale and Grey
Siltstone 33 9 4
18PPT5 East Limb Outcrop/Subcrop and Talus of Black Shale
with minor Grey Siltstone 69 23 3
18MST1 West Limb Chip Sampling of Black Shale outcrop at
Road Cut 65 13 5
3
Figure 1
4
2018 rock and soil sampling :
Assays of 89 outcrop and subcrop samples collected during regional prospecting of the
property, ranged from below detection to 2420 ppm V (0.43% V 2O5) with over 18 samples
assaying above 1000 ppm V (0.19% V 2O5). In addition, 535 soil samples collected across 9
lines at 10m spacing assayed from below detection t o 4770 ppm V (0.85% V 2O5) with 68
samples assaying over 1000 ppm V (0.19 V 2O5).
Craig Roberts, P .Eng., Interim President and CEO of Ethos stated:
“The 2018 Pine Pass exploration program was highly successful in confirming
+100 m thicknesses of +0.40% V 2O5 vanadium hosted in black shale, including
higher grade intervals of up to +0.80% V 2O5. The program has also confirmed
the presence of significant vanadium mineralization over 5 km of strike on the
east limb and over 9 km of strike on the west limb, with significant additional
prospective strike length still to explore.
Jo Price, M.Sc., MBA, P .Geo, VP Exploration of the Company is now preparing
permit applications for a significant trenching and drilling program in 2019. This
program will test approximately 1.5km of strike bet ween and outside Trenches 1
and 2, and will also drill test other target areas on the property. We anticipate
having this trenching and drilling permit applicati on submitted before 2018 year
end. Based on the 2018 sampling and trenching program we are very excited by
the potential for the maiden drill program to deliver significant results in 2019.”
QA/QC, Qualified Person, and Contact
All samples were delivered to ALS Chemex in Kamloop s and/or North Vancouver, British
Columbia for analysis of select elements by ICP-MS analysis using 4 acid-digestion. Quality
control entailed insertion of company standards, bl anks, and duplicates into the trench sample
stream. In addition, ALS Chemex routinely inserted blanks and standards into the sample
stream at the assay laboratory. All reported standa rd and blank assay values, as well as
duplicates were within an acceptable margin of error. Work at Pine Pass is being supervised by
Jo Price, M.Sc., MBA, P .Geo, VP Exploration of the Company. She is a Qualified Person as
defined under National Instrument 43-101 and has read and approved this release.
For additional information please contact Craig Roberts at 604-682-4750 or view the Company’s
website, www.ethosgold.com .
Ethos Gold Corp.
Per: " Craig Roberts "
Craig Roberts P .Eng., Interim President & CEO
5
Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian
securities legislation, including statements regard ing future exploration plans on the Pine Pass proje ct.
Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-look ing statements are statements that are not historic al
facts; they are generally, but not always, identifi ed by the words "expects," "plans," "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" o ccur, or
are those statements, which, by their nature, refer to future events. The Company cautions that Forwar d-
looking statements are based on the beliefs, estima tes 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 wil l prove to be accurate and actual results and futur e
events could differ materially from those anticipat ed in such statements. Except to the extent require d by
applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no
obligation to update these forward-looking statemen ts if management's beliefs, estimates or opinions, or
other factors, should change. Factors that could ca use future results to differ materially from those
anticipated in these forward-looking statements inc lude the risk of accidents and other risks associat ed
with mineral exploration operations, the risk that the Company will encounter unanticipated geological
factors, or the possibility that the Company may no t be able to secure permitting and other government al
clearances, necessary to carry out the Company's ex ploration plans, and the risk of political uncertai nties
and regulatory or legal changes in the jurisdiction s where the Company carries on its business that mi ght
interfere with the Company's business and prospects . The reader is urged to refer to the Company's
reports, publicly available through the Canadian Se curities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at www.seda r.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.