Ethos Receives Permits for Trenching and Drilling La Purisima Gold Project and Commences Trenching Program
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Receives Permits for Trenching and Drilling La Purisima Gold
Project and Commences Trenching Program
Vancouver, BC – February 11, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:
ECC) is pleased to announce that it has received ap proval for trenching and drilling of its La
Purisima gold project in north-west Chihuahua State , Mexico. A field crew has been mobilized
to the project and trenching work with a backhoe is commencing imminently. The Company
anticipates that the trenches will be relatively sh allow and that the trenching work will proceed
rapidly. Drilling is planned to begin in March, 20 19 shortly after the initial trench assay results
are received.
The exploration model for the La Purisima Mine area is for a near surface, bulk tonnage, oxide
gold target. A northwest trending mineralized zone has been identified over a strike length of at
least 2 km with a width of alteration and geochemic ally anomalous gold of approximately 600
meters. Within this footprint are two north-west s triking zones that have the strongest gold
anomalies, each approximately 200 meters wide (see figure below). One of these (the
“Purisima Vein Zone”) strikes for at least 2 km, an d the other (the “Stockwork Zone”) strikes for
at least 1 km. Both zones appear to extend under a thin alluvial cover consisting of gravel and
soil deposits. Gold and silver mineralization is c ontained in quartz veins and veinlets forming
stockworks and sheets in both volcanic flow rocks and older discordant sedimentary rocks.
La Purisima is located in an area of low relief with excellent road access and infrastructure. The
concessions are located on private ranch land and a long-term annual fee based property
access agreement has been signed with the land owners (see Figure 1).
Commented Craig Roberts, P .Eng., President and CEO of Ethos: “We are excited to be now
moving ahead at La Purisima with machine trenching followed by our maiden drill program.
Historic work documented by the Mexican government reports (1994, Guzman and De La
Fuente; CRM Report; “Concesion Minera de Explotacio n Purisima Municipio de San
Buenaventura, Chihuahua”) indicates areas with mult i-gram gold values localized in multiple
sub-parallel epithermal veins, as well as dissemina ted gold mineralization around the Purisima
Vein described in the historic Purisima Mine. The target area is sizeable covering at least 2 km
of strike and is largely untested by modern and systematic exploration methods. Project access
and infrastructure is very good allowing a modest i nitial budget for trenching and drilling at La
Purisima of approximately $US 350,000. We will rep ort initial trench results as soon as results
are received and analyzed and provide an update on the planned drilling at that time.”
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Figure 1
QA/QC
Trenching samples will be shipped to the ALS-Chemex sample preparation facility located in
Hermosillo, Sonora Mexico. ALS-Chemex Hermosillo preparation labwork will consist of
splitting and grinding to fine pulp culminates foll owed by shipment of 150 grams to the ALS-
Chemex Vancouver, B.C. analytical laboratory where gold analysis by 30 gram fire assay with
AA finish of dissolved final metal mixture will be completed. In addition a second small sample
fraction will be dissolved in 4-acid mixture and pr ocessed for ICP determination of a standard
35-element package.
Qualified Person and Contact
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 trenching and drilling program
and has read, reviewed, and approved this release. Jo Price, M.Sc., MBA, P .Geo, VP
Exploration of the Company has also reviewed and approved this release.
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About Ethos Gold
Ethos Gold is exploring the Pine Pass vanadium proj ect located on Highway 97 in northern,
British Columbia as well as the La Purisima gold project in northwest Chihuahua State, Mexico.
Initial trenching and other exploration work at Pine Pass indicates the potential for a black shale
hosted zone of vanadium mineralization in the range of 100 meters in thickness and with
multiple kilometers of prospective strike length. A maiden drill program at Pine Pass is planned
for the summer of 2019.
At La Purisima the exploration model is for a near surface, bulk tonnage oxide gold target. A
trenching program is now commencing with a maiden d rill campaign planned to commence in
March, 2019.
Ethos is well funded for the planned exploration pr ograms with a current net cash balance of
approximately $Cdn 7.1 million.
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 development and execution of a contemplated
La Purisima trenching and drilling program, and a p lanned summer 2019 drill program on the Company’s
Pine Pass project. Although the Company believes th at such statements are reasonable, it can give no
assurance that such expectations will prove to be c orrect. Forward-looking statements are statements
that are not historical facts; they are generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective ,"
"prospective," and similar expressions, or that eve nts or conditions "will," "would," "may," "can," "c ould" 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 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 m aterially from those anticipated in such statements .
Except to the extent required by applicable securit ies laws and the policies of the TSX Venture Exchan ge,
the Company undertakes no obligation to update thes e forward-looking statements if management's
beliefs, estimates or opinions, or other factors, s hould change. Factors that could cause future resul ts to
differ materially from those anticipated in these f orward-looking statements include the risk of accid ents
and other risks associated with mineral exploration operations, the risk that the Company will encount er
unanticipated geological factors, or the possibilit y that the Company may not be able to secure permit ting
and other governmental clearances, necessary to car ry out the Company's exploration plans, and the ris k
of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carr ies
on its business that might interfere with the Compa ny's business and prospects. The reader is urged to
refer to the Company's reports, publicly available through the Canadian Securities Administrators' Sys tem
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for Electronic Document Analysis and Retrieval (SED AR) 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.