Ethos commences drilling at its La Purisima gold project, Chihuahua, Mexico
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos commences drilling at its La Purisima gold project,
Chihuahua, Mexico
Vancouver, BC – June 10, 2019, Ethos Gold Corp. (“E thos” or the “Company”) (TSXV:ECC)
(OTCQB: ETHOF) is pleased to announce the commencement of its maiden drill program at the
La Purisima gold project in north-west Chihuahua St ate, Mexico. The initial program will
comprise approximately 3,000 meters of reverse circ ulation (“RC”) drilling in a planned 15 RC
holes. The drilling will target near surface, bulk tonnage, oxide gold mineralization.
At La Purisima a northwest trending gold mineralize d zone has been identified over a strike
length of at least 2 km with a width of alteration and geochemically anomalous gold
mineralization of approximately 600 metres. Within this footprint are two north-west striking
zones that have the strongest gold anomalies, each approximately 200 metres wide. One of
these zones (the "Purisima Vein Zone") strikes for at least 2 km, and the other (the "Stockwork
Zone") strikes for at least 1 km. Both zones appear to extend under the alluvial valley cover
consisting of gravel and soil deposits. Gold and si lver mineralization is mainly contained in
epithermal quartz veins and veinlets forming stockworks and sheets in both volcanic flow rocks
and older discordant sedimentary rocks. As announc ed in Ethos’ May 22 news release, results
from recent trenching include:
• T1 – 0.49 g/t Au over 118m, including 1.13 g/t Au o ver 20m, and 0.76g/t Au over 24m
(Purisima Vein Zone), and separately 4.17g/t Au over 5.4m (Stockwork Zone)
• T2 – 0.47 g/t Au over 127m including 1.11 g/t Au over 40m (Purisima Vein Zone)
• T3 – 0.84 g/t Au over 10m and 6.51 g/t Au over 2m (both Stockwork Zone)
Ethos is earning into 100% ownership of the La Puri sima project under two separate earn-in
agreements (see our December 1, 2017 and August 27, 2018 news releases). The project is
located in an area of low, non-mountainous, relief with excellent road access and infrastructure.
The concessions are located on private ranch land n ear active agricultural centers. A long-term
annual fee based property access agreement has been signed with the main ranch land owner.
2
Commented Craig Roberts, P.Eng., President and CEO of Ethos: “We are excited to have initiated
our maiden drill program at La Purisima. We are en couraged by the recent trench results that
show disseminated gold mineralization over significant intervals outside of the primary veins in
the Purisima Vein Zone, and also by the new high-gr ade intervals identified in the Stockwork
Zone. We look forward drill testing this target an d reporting initial drill results in the near
future.”
Qualified Person
Mel Herdrick, a director of and consultant to the C ompany, is a Qualified Person as defined
under National Instrument 43-101, is supervising the La Purisima drilling program and has read,
reviewed, and approved this release. Jo Price, M.Sc ., MBA, P.Geo, VP Exploration of the
Company and a Qualified Person as defined under Nat ional Instrument 43-101 has also
reviewed and approved this release.
About Ethos Gold
Ethos Gold is exploring the La Purisima gold projec t (earning 100%) in Chihuahua Mexico, the
Iron Point Carlin gold project (earning 50% from Vi ctory Metals Inc: TSX-V: VMX) 22 miles east
of Winnemucca, Nevada, and the Perk-Rocky copper-gold porphyry project (earning 100%), 220
km west of Williams Lake, British Columbia. La Pur isima is a near surface, bulk tonnage, oxide
gold target, and a maiden drill program has now commenced. Iron Point is a Lower Plate hosted
Carlin-style gold target, and a planned program of three vertical holes to test this target will
commence shortly under the supervision of Dr. Quint on Hennigh. Perk-Rocky is a copper-gold
porphyry target, and an exploration program including detailed airborne geophysics and ground
mapping and sampling will commence shortly. Ethos also owns approximately 8% of the equity
of Carlin Type Holdings Ltd., a private company ear ning into 100% ownership of three Nevada
exploration projects, including two deep Carlin-type targets (Carlin East and Swift), at least one
of which will be drill tested in 2019.
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 Pine Pass vanadium project are included in an
area under consideration for an immediate moratorium on development proposals and possible
inclusion in an expanded environmental protected ar ea, 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 54.8 million shares issued.
3
For additional information please contact Tom Marti n at E: [email protected] P: 1-250-
516-2455 or view the Company’s website, www.ethosgo ld.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
securities legislation, including statements regard ing the Company’s planned exploration programs at i ts
La Purisima, Iron Point, and Perk-Rocky projects. A lthough 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 historical f acts; they are generally, but not always, identified by the
words "expects," "plans," "anticipates," "believes, " "intends," "estimates," "projects," "aims," "pote ntial,"
"goal," "objective," "prospective," and similar exp ressions, or that events or conditions "will," "wou ld,"
"may," "can," "could" or "should" occur, or are tho se statements, which, by their nature, refer to fut ure
events. The Company cautions that Forward-looking s tatements 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 risks and uncertainties. Consequently, there can be no assurances that such statements will prove t o
be accurate and actual results and future events co uld differ materially from those anticipated in suc h
statements. Except to the extent required by applic able securities laws and the policies of the TSX
Venture Exchange, the Company undertakes no obligat ion to update these forward-looking statements if
management's beliefs, estimates or opinions, or oth er factors, should change. Factors that could cause
future results to differ materially from those anti cipated in these forward-looking statements include the
risk of accidents and other risks associated with m ineral exploration operations, the risk that the Co mpany
will encounter unanticipated geological factors, or the possibility that the Company may not be able t o
secure permitting and other agency or governmental clearances, necessary to carry out the Company's
exploration plans, and the risk of political uncert ainties and regulatory or legal changes in the juri sdictions
where the Company carries on its business that migh t interfere with the Company's business and
prospects. The reader is urged to refer to the Comp any's reports, publicly available through the Canad ian
Securities Administrators' System for Electronic Do cument 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.