Ethos Options the Ligneris Gold Project in Quebec
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Options the Ligneris Gold Project in Quebec
Vancouver, BC – June 27, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC) (OTCQB:
ETHOF) is pleased to announce that it entered an ag reement to earn up to a 70% interest in the
Ligneris gold project (the “ Ligneris Project ”) from Société d'exploration minière Vior Inc. (“ Vior ”)
(TSXV:VIO), subject to acceptance by the TSX Venture Exchange. The Ligneris Project is strategically
located in the world class Abitibi greenstone belt which hosts numerous gold and base metal
deposits and mines.
Highlights
• The Ligneris Project comprises 94 claims covering 3 6.2 km 2 located 80 km north of Agnico-
Eagle’s LaRonde Complex, and 90 km northeast of Rouyn-Noranda, in Quebec (see Figure 1
below). The project has easy access through paved a nd all-weather logging roads. Basic
services are available from the village of Taschereau located 35 km to the south.
• Mineralized zones are found within an extensive hyd rothermal alteration zone that can be
followed over kilometers in strike length and hundr eds of meters width, and that are
encompassed within broad ductile deformation zones. The geochemical signature of the
rocks and mineralization bear many similarities to those the LaRonde/Bousquet camp.
• Previous work by Vior (1985-1986), Placer Dome (198 7-1990) and Barrick (1997) included
204 drill holes (approximately 40,000 meters) mostl y clustered around the mineralized
zones on the project. 75 of these 204 holes crosscut significant gold and/or zinc intercepts.
Only 7 holes reached over 300 meters in depth.
• Mineralization consists of disseminated pyrite and veinlets of sphalerite associated to
strong pervasive carbonatization and sericitic alte ration within dacitic volcanics. The
mineralization was recognized in most of the holes in the South, Central and North zones.
Highlights of historical intercepts include:
Company
Zone
Hole #
Dip
Azimuth
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Placer Dome South 275-073 -60 N330 173.9 184.5 10.6
13.47
Vior South LS-05 -45 N360 217.2 223.2 5.94 5.15
Placer Dome South 275-95 -58 N240 180.7 183.6 2.9 62.0
Placer Dome Central 275-53 -50 N330 163.0 187.0 24 0.91
Placer Dome Central 275-51 -50 N330 32.3 33.0 0.69 73.0
Vior Central L84-04 -45 N360 47.3 52.7 5.43 4.92
Placer Dome North 275-27B -57 N150 97.4 98.0 0.63 70.0
Placer Dome Central 275-141B -75 N150 306.6 308.0 1.45 2.79% 216
Vior Central L84-04 -45 N360 133.0 138.9 5.88 1.90% 13.6
The qualified person has not verified the drilling data disclosed in this release, including sampling
data and assays. These data come from historical reports made between 1984 and 1990 by
Sigma Mines Ltd., Placer Dome Inc. and Vior.
• A recent comprehensive airborne VTEM survey by Vior , conducted by Geotech, defined 12
clusters of deeper targets. Ethos will now commenc e a comprehensive compilation of
previous data, ground based geophysics, and further surface sampling and mapping. This
work will be utilized to fine tune deeper targets for drilling.
• Drilling will test these deeper targets below 300m.
• Previous exploration work including drilling by Pla cer Dome and Vior has also identified
shallower, high grade targets, and recommended indu ced polarization (“IP”) geophysics
followed by drilling to test these targets. Ethos will also pursue these shallower targets.
• Drilling is planned for the fall and winter of 2019 . Drilling can continue throughout the
winter. This program will utilize some of the unal located flow through funds that Ethos
currently holds.
Figure 1. Ligneris Project property map showing geology, alte ration, historic drilling and
geophysical targets defined to date.
Stated Craig Roberts, P.Eng., President & CEO of Ethos, “Historic work at Lingeris has defined a large
mineralized system including some significant inter vals of gold and also zinc/silver in drilling.
Ligneris exhibits many similarities in geology and mineralization to Agnico’s LaRonde mine,
approximately 80 km south. LaRonde is now reaching mining depths of over 3000m. Ligneris has
very little historic drilling that penetrated below 300m depth. A recent airborne survey at Ligneris
has identified multiple geophysical targets at deep er levels. Our plan is to refine these deeper
targets with ground-based geophysics and to drill t hem before the end of 2019. We have
approximately C$1.4 million of unallocated flow thr ough to spend in 2019 and we believe this is a
great project to pursue with a portion of these fun ds. The Vior team, led by their VP Exploration,
Marc L’Heureux, P.Geo., M.A.Sc., will operate the program at Ligneris. In addition to leading Vior’s
recent work at Ligneris, Marc spent 4 years working at the Bosquet Mine, which is part of the
LaRonde complex, so he has a deep understanding of the LaRonde type model.”
Earn In Agreement Terms
Ethos can earn a 51% interest in the Ligneris Project by paying Vior 1.0 million in Ethos shares and
incurring C$3.0 million in expenditures over the fi rst four years of the agreement, according to the
following schedule:
Work Commitment Ethos Shares
Upfront 200,000
Year 1 $750,000 225,000
Year 2 $750,000 250,000
Year 3 $750,000 325,000
Year 4 $750,000
Total $3,000,000 1,000,000
Following earn in to 51% Ethos will have 60 days to elect to earn a further 19% interest (70%
interest) by spending an additional C$4 million over the subsequent three years.
Qualified Person
Jo Price, M.Sc., MBA, P.Geo., VP Exploration of the Company and a Qualified Person as defined
under National Instrument 43-101 has reviewed and approved this release.
About Ethos Gold
Ethos’ strategy is to earn into potentially large, drill ready gold projects that can be drill tested over
a shorter time frame with a relatively modest budget. Ethos’ current projects include:
La Purisima (earning 100%) is a near surface, bulk tonnage, oxide gold target located in Chihuahua,
Mexico. Ethos is now conducting its maiden drill program on La Purisima.
Iron Point (earning 50% from Victory Metals Inc: TSX-V: VMX) is a Lower Plate hosted Carlin-style
gold target, located 22 miles east of Winnemucca, N evada. Drilling at Iron Point is now underway
supervised by Dr. Quinton Hennigh.
Carlin East and Swift . Ethos also owns approximately 8% of the equity of Carlin Type Holdings Ltd.,
a private British Columbia company whose wholly own ed US subsidiary, Ridgeline Minerals
Corporation, is earning into 100% ownership of thre e Nevada gold exploration projects, including
two deep Carlin-type targets. Ridgeline plans to d rill Carlin East located just east of Barrick’s
Goldstrike mine in July 2019.
Ligneris (earning up to 70% from Vior Inc: TSXV:VIO) is loc ated 90 km north of Rouyn-Noranda,
Quebec. The project has a large mineralized surfac e expression, and approximately 200 holes
drilled to approximately 300 m depth, with some significant gold drill intercepts. The project rocks
and mineralization bear many similarities to Agnico ’s LaRonde complex. Ethos plans to further
define deeper targets with ground geophysics and to drill test these targets in 2019.
Perk-Rocky (earning 100%) is a large copper-gold porphyry tar get located 220 miles east of
Williams Lake, British Columbia. The 2019 explorat ion program including detailed airborne
geophysics and ground sampling and mapping is commencing shortly. Subject to results Ethos may
conduct some initial drilling at Perk-Rocky prior to the end of the 2019 season.
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 Pin e Pass vanadium project are included in an
area under consideration for an immediate moratoriu m on development proposals and possible
inclusion in an expanded environmental protected area, 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 56.3 million shares issued .
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.c om 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 statements regarding the acc eptance by the TSX Venture Exchange of the Company’ s
right to earn an interest in the Ligneris Project, the Company’s intention to acquire an interest in t he Ligneris
Project and planned exploration activities at the L igneris Project. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. F orward-
looking statements are statements that are not hist orical facts; they are generally, but not always, i dentified
by the words "expects," "plans," "anticipates," "be lieves," "intends," "estimates," "projects," "aims, " "potential,"
"goal," "objective," "prospective," and similar exp ressions, or that events or conditions "will," "wou ld," "may,"
"can," "could" or "should" occur, or are those stat ements, which, by their nature, refer to future eve nts. The
Company cautions that forward-looking statements ar e based on the beliefs, estimates and opinions of t he
Company's management on the date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assura nces that such statements will prove to 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 a nd the policies of the TSX Venture Exchange, the
Company undertakes no obligation to update these fo rward-looking statements if management's beliefs,
estimates or opinions, or other factors, should cha nge. Factors that could cause future results to dif fer
materially from those anticipated in these forward- looking statements include the risk of accidents an d other
risks associated with mineral exploration operation s, the risk that the Company will encounter unantic ipated
geological factors, or the possibility that the Com pany may not be able to secure permitting and other agency
or governmental clearances, necessary to carry out the Company's exploration plans, and the risk of po litical
uncertainties and regulatory or legal changes in th e jurisdictions where the Company carries on its bu siness
that might interfere with the Company's business an d prospects. The reader is urged to refer to the
Company's reports, publicly available through the C anadian Securities Administrators' System for Elect ronic
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 respo nsibility for the adequacy or accuracy of this
release.