Ethos Reports Drill Results from its La Purisima Project, Mexico
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Reports Drill Results from its La Purisima Project, Mexico
Vancouver, BC – September 3, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
(OTCQB: ETHOF) reports completion of sixteen revers e circulation (“RC”) drill holes from its La
Purisima gold project, Chihuahua. Gold mineralizat ion targeted epithermal banded quartz veining
with associated silicified surface gold bearing zones near historic works. Drill holes were angled to
cut across the main La Purisima Vein Zone where most of the historic workings are situated as well
as a parallel Stockwork Zone, the North Zone situat ed in a covered valley, and the Southwest Zone
where complex quartz-calcite-barite veining was obs erved. Assay results have now been received
with significant intervals as follows:
Hole Target Zone
From
(m) To (m)
Interv
al (m)
Au
(g/t) Ag (g/t
E-001
La Purisima
Vein Zone
0.00 3.05 3.05 0.76 1.50
E-002 54.86 62.48 7.62 0.52 3.18
E-003 0.00 13.72 13.72 0.13 1.50
E-003 36.58 45.72 9.14 0.12 1.30
E-003 71.63 80.77 9.14 0.43 13.90
E-003 94.49 100.58 6.10 0.40 9.30
E-004 42.67 65.53 22.86 0.18 1.50
E-005 36.58 51.82 15.24 0.50 2.10
E-006 No Significant Intervals
E-007 39.62 45.72 6.10 0.13 1.20
E-008
North Zone
No Significant Intervals
E-009 12.19 27.43 15.24 0.19 1.80
E-010 99.06 108.20 9.14 0.12 1.80
E-011 24.38 27.43 3.05 0.36 2.80
E-012 No Significant Intervals
E-013
Stockwork
Zone
16.76 18.29 1.52 0.31 1.10
E-013 39.62 45.72 6.10 0.50 3.08
E-014 33.53 36.58 3.05 0.38 1.80
E-014 88.39 89.92 1.52 0.94 1.30
E-015 Southwest
Zone
No Significant Intervals
E-016 No Significant Intervals
At the La Purisima Vein Zone, the holes were drille d on fence lines spaced 100 meters apart along
the northwest striking La Purisima structure, incli ned at minus 45 degrees, targeting structural
intersections at 60-80 m depth. In the Stockwork Zone, two holes were drilled on a NE orientation
at minus 45 degrees also targeting intersections at 40-60 m depth. All of the zones tested
intersected much diminished gold and silver values from the surface values indicated by both chip
sampling and channel sampling seen in trenches. An historic shaft that followed the La Purisima
vein to about 35 meters depth showed continuous min eralization to that depth of epithermal
character. Drilling cut the structure about 70 meters depth.
The results of the drill holes suggest the mineralization sampled at surface (see Ethos press release
dated May 22, 2019) may be epithermal basal termina tion of high-grade zone of 30-40 m thick
surface gold and silver with possible surface enric hment from an eroded epithermal cap that
extends to 30-40 m depth as seen in a historical shaft.
Stated Craig Roberts, P.Eng., President & CEO of Et hos: “Based on these results Ethos intends to
terminate both of its La Purisima concession option agreements. The strategy Ethos is pursuing is
to drill test its targets as quickly and inexpensiv ely as possible, and to terminate further work if
results do not indicate a clear path to building shareholder value. While there are some interesting
intervals from the drilling we don’t see justificat ion to continue with this project. The La Purisima
drilling costs came in significantly under budget a t approximately US $154,000 of which
approximately US $21,000 is IVA tax that is refunda ble, so the cost to Ethos of drill testing this
target has been relatively modest.
We continue to advance other projects in our portfo lio. At Iron Point, Nevada, we have now
completed four deep holes and await drill results. At Carlin East, Nevada, Ridgeline has completed
one RC hole to depth and drill results are also pen ding. At Perk Rocky, British Columbia, we have
completed airborne geophysics, surface sampling and mapping, with results currently being
reviewed by several recognized copper-gold porphyry experts. At Ligneris, Quebec, we have now
completed ground based mag and IP surveys, further soil and rock sampling and mapping, and
have advanced historic data compilation, with a dri ll program to test both nearer surface high
grade vein targets and deeper La Ronde type mineralization planned for the fourth quarter of 2019
(see Ethos press release dated June 27, 2019). Eth os continues to review additional opportunities
to add to its exploration portfolio, including several more advanced projects.”
QA/QC
Drill samples were picked up by the ALS-Chemex samp le preparation facility located in Chihuahua,
Chihuahua. ALS-Chemex preparation labwork consisted of splitting and grinding each sample to
fine pulp culminates followed by the shipment of 15 0 grams of this pulp to the ALS-Chemex
Vancouver, British Columbia analytical laboratory where gold analysis by 30 gram fire assay with AA
finish of dissolved final metal mixture was complet ed. In addition a second small sample fraction
was dissolved in 4-acid mixture and processed for I CP determination of a standard 35-element
package. Ethos relied upon ALS Chemex routinely ins erted blanks and standards into the sample
stream at the assay laboratory. All reported standard and blank assay values, as well as duplicates,
were within an acceptable margin of error.
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 National Instrument 43-101 has also reviewed and approved this
release.
Contact Information
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. Although the Company believes that suc h statements are reasonable, it can give no assuran ce
that such expectations will prove to be correct. Fo rward-looking statements are statements that are no t
historical facts; they are generally, but not alway s, identified 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" 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 th e
statements are made and they involve a number of ri sks and uncertainties. Consequently, there can be n o
assurances that such statements will prove to be ac curate and actual results and future events could d iffer
materially from those anticipated in such statement s. Except to the extent required by applicable secu rities
laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update thes e
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should ch ange.
Factors that could cause future results to differ m aterially from those anticipated in these forward-l ooking
statements include the risk of accidents and other risks associated with mineral exploration operation s, the
risk that the Company will encounter unanticipated geological factors, or the possibility that the Com pany
may not be able to secure permitting and other agen cy or governmental clearances, necessary to carry o ut
the Company's exploration plans, and the risk of po litical uncertainties and regulatory or legal chang es in the
jurisdictions where the Company carries on its busi ness that might interfere with the Company's busine ss
and prospects. The reader is urged to refer to the Company's reports, publicly available through the
Canadian Securities Administrators' System for Elec tronic Document 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 respo nsibility for the adequacy or accuracy of this
release.