Ethos Reports Positive Exploration Results from its Perk-Rocky Copper-Gold Porphyry Project, British Columbia
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos Reports Positive Exploration Results from its Perk-Rocky
Copper-Gold Porphyry Project, British Columbia
Vancouver, BC – December 2, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC;
OTCQB: ETHOF ) is pleased to announce initial results from 2019 fi eld work on its Perk-Rocky copper-gold
porphyry project. The 6,715 hectare property is ro ad accessible and located approximately 35 km
southwest of the community of Tatla Lake, 170 km we st of Williams Lake, British Columbia. The vendors
of the property were drawn to the area based on ano malous values of Cu, Au and As in BC regional silt
samples which are proximal to a very large (approxi mately 14 km 2) colour anomaly. While there is
evidence of early exploration for porphyry copper m ineralization there is no record of drilling on the
property.
2019 Program Highlights:
• Ethos engaged a team that included four highly expe rienced porphyry geologists to map, prospect
and sample a large portion of the property.
• The field work was comprised of geological mapping over 2,750 hectares, 89 selected and grabs rock
samples, 500 coarse talus samples along contours and ridges (57.2 line-km), and 39 stream sediment
samples.
• The prospecting and geological mapping identified m ore than fifty copper occurrences in outcrop
(chalcopyrite ± bornite ± Cu-oxides).
• The rock sampling (89 samples) returned results var ying from trace up to 9,210 ppm (0.92%) Cu and
trace up to 5.6 g/t Au (see Table 1).
• A several-kilometre long surface expression of copp er-gold mineralization and associated alteration
has been observed in a complex structural context ( see Figure 1 - 2019 Fieldwork: Cu (ppm) in Rocks
and Talus below).
• A property wide, 657 line km VTEM, and a magnetic a irborne geophysical survey was completed by
Geotech Ltd. and is currently being modelled and interpreted.
In summary, the 2019 program discovered multiple new zones of alteration and mineralization displaying
many of the characteristics consistent with that of a high-level copper-gold porphyry system.
Jo Price, V.P Exploration commented, “Initial Perk- Rocky exploration results on this under-explored
property have been encouraging, and we look forward to receiving interpretation and modelling of the
airborne geophysics. Planning is proceeding toward s a 2020 field program that would include an IP
geophysical survey followed by drilling. We are ad vancing environmental studies and First Nations
engagement to support permitting for the 2020 program. British Columbia is one of the select regions of
the world where large gold enriched copper porphyry deposits are known to occur, and Perk-Rocky is
starting to tick all the right boxes. We are highly encouraged by these results”.
2019 Exploration Program Detail
Table 1. Summary of most significant 2019 outcrop rock grab sample results .
Sample Easting Northing Zone Cu
ppm
Au
g/t
Ag
g/t
Mo
ppm
Pb
ppm
Zn
ppm
X517908 357816 5739372 Rya 5140 0.677 5.31 2.94 6.2 167
X517913 357783 5739551 Rya 489 0.221 0.52 2.61 3.8 97
X517914 357770 5739554 Rya 505 0.718 2.87 3.93 8.2 48
X517936 357940 5739824 Rya 986 0.049 0.66 1.11 4.5 74
X517938 357881 5739853 Rya 8740 0.018 6.95 2.72 5 62
X517954 357978 5739663 Rya 1230 0.381 1.52 1.38 4.7 166
W591794 356293 5739926 South Cirque 3780 0.143 2.76 1.06 5.9 58
X517906 356456 5739993 South Cirque 2290 0.545 1.16 3.02 3.2 127
X517907 356472 5739955 South Cirque 7890 0.727 9.93 3.32 4.7 164
W591797 359235 5739438 South Ridge 1910 0.008 0.41 6.11 14 139
X517956 358512 5739550 South Ridge 5850 0.022 3.53 1.24 2.3 125
X517957 358595 5739586 South Ridge 5530 0.432 4.59 0.83 3.8 35
W591793 355985 5741647 Rocky 9210 5.6 12.65 1.9 4.9 33
X517939 355053 5741123 Rocky West 4100 0.679 7.47 0.84 4.7 192
Five notable mineralized or anomalous areas have been identified – see attached map.
1) A new copper occurrence called “Rya” has been discovered on the south side of Chromium Creek
and straddling the northern edge of an aeromagnetic high. Mineralization forms a north-
northeast trending zone of sugary quartz-chalcopyrite stockwork veinlets (possibly “A-type” early
magmatic related) with potassic alteration (biotite ± k-feldspar) hosted within volcaniclastic rocks
and micro-diorite intrusions. Along the nearby Sout h Ridge, a half dozen selected samples range
from 1,230 ppm to 8,740 ppm Cu and with elevated va lues of up to 0.68 g/t Au. Roughly 300
metres along strike a 60 x 60 metre hydrothermal sulphide-bearing breccia pipe cuts through the
surrounding volcaniclastic rocks.
2) Approximately 1500 metres to the northwest of Rya , advanced argillic alteration is present at the
historic hematite rich “Briton” showing. Samples from the dump of the collapsed Bri ton adit and
from the surrounding pits contain an assemblage of pyrophyllite, dumortierite, topaz, rectorite,
nacrite and kaolinite consistent with high temperat ure alteration assemblages found in many
porphyry deposits. Local exposures of diorite intrusion (Briton Diorite) have now been mapped in
the vicinity of Briton . Although current rock sampling here (5 samples) d id not return significant
values, rock sampling in 2018 at Briton returned 938, 1319 and 2776 ppm Cu from three grab
samples (16 grab samples in total).
3) On the south side of the Chromium Creek valley, in an area named South Cirque between South
Ridge and Briton, a group of three selected rock sa mples is strongly anomalous in copper (2,290
to 7,890 ppm) and elevated gold (0.14 to 0.73 g/t). These are within the colour anomaly and
require additional evaluation.
4) The steep, western side of the property (broadly named Rocky West ), where the colour anomaly
widens abruptly to 2.8 km north-south, has very lim ited mapping and sampling. Several recently
identified areas require further work, including: a n area of ridge talus sampling and prospecting
with a significant 1 km linear zone (11 samples) wi th copper values varying from 70 to 524 ppm
Cu and gold varying from trace to 0.117 ppm Au; and a mapped area with A-type veins, with
associated zones of chalcopyrite-bornite and quartz -magnetite veins located north of an
aeromagnetic high and west of Perkins Peak. Collect ively the various targets make this
underexplored western side a high priority.
5) A selected, isolated rock sample with chalcopyrite returned 9,210 ppm (0.92%) Cu
with 12.6 g/t Ag and 5.6 g/t Au and is located west of Perkins Peak (Rocky showing in Table 1).
This area requires further investigation.
In addition to the anomalous areas highlighted abov e, previous exploration in 2016 and 2018 returned
elevated Cu and Au assay results in rock samples ob tained from other locations on the property -
particularly the North Cirque, North Perk and North east Perk areas (see website map). These areas were
not covered during the current season and require f urther evaluation. A broad area of anomalous multi-
element (As-Sb-Bi±Cu±Au±Ag) values in 2019 talus and stream sediment samples has also been identified
at the east end of Chromium Creek valley and requires further exploration.
Current mapping has identified widespread propyliti c alteration, including epidote-magnetite and
epidote-chlorite-calcite overprinting intermediate volcanic and volcaniclastic host rocks. Quartz-ser icite-
pyrite alteration within the propylitic assemblage appears more focussed centrally along shallow thrus t
faults and more steeply dipping structures. Several intrusive suites have been found on the property
including granodiorite porphyry, microdiorite, quartz diorite and tonalities. The combination of thrusting,
strike-slip and normal faulting is interpreted to h ave created a network of structures that together
provide pathways for intrusive bodies and hydrother mal fluids resulting in widespread alteration and
mineralization. The stream sediment sampling and th e talus rock sampling results suggests a multi-
element zonation reflecting varied hydrothermal env ironments in different parts of the property, i.e.
epithermal/skarn/porphyry, and zoning of this natur e is considered typical of large, complex porphyry
copper systems.
Perk Rocky Option Agreement
Ethos can earn a 100% interest in the Perk-Rocky Pr oject by paying the vendors $Cdn 690,000 over 3
years including $400,000 on third anniversary ($40, 000 paid to date), issuing the vendors 2.9 million
Ethos common shares including 1.45 million shares on 3rd anniversary (300,000 shares paid to date), and
incurring $350,000 in first year exploration expend itures (done). Following earn-in to 100%, there ar e
total milestone payments of US$3.85 million, the fi rst being US$350,000 on delivery of a 43-101
compliant resource estimate and the final being US$ 2.0 million on a production decision. The vendors
also retain a 3.0% NSR, which Ethos can buy down to 1.0%.
QA/QC
Ethos rock and talus samples were prepped and analy zed at ALS Laboratories in Kamloops and Vancouver
using PREP-31A (crush to -2 mm and pulverize 250 g) , Au-ICP22 (50 gm FA and ICP-AES), and MEMS61 (4
acid digestion and 48 element ICP). Ethos stream se diment samples were prepped and analyzed at ALS
Laboratories in Kamloops and Vancouver using PREP-41A (sieve to -80 mesh), Au-ICP22 (50 gm FA and ICP-
AES), and ME-MS61 (48 element ICP).
Samples were submitted to ALS with a commercially s ourced blank or a commercially sourced, low grade
reference standard. In general, every 20 sample bat ch had a field duplicate sample and either one blan k or
one standard sample. QAQC results have been reviewe d for Au, Ag, Cu and Mo and no problems were
noted
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jo Price, P.Geo., M.Sc.,
VP Exploration of Ethos and a Qualified Person as d efined under National Instrument NI 43-101 (“NI 43-
101”). Robert Cann, P.Geo., M.Sc., Project Manager and a Qualified Person as defined under NI 43-101,
has also reviewed and approved this release.
Contact
For additional information, please contact Tom Mart in at E: [email protected] P: 1-250-516-2455 or
view the Company’s website, www.ethosgold.com and the Company’s SEDAR profile at www.sedar.com.
Ethos Gold Corp.
Per: "Craig Roberts"
Craig Roberts, P .Eng., President & CEO
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.
Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian securi ties legislation, relating to,
among other things, the Company’s Perk-Rocky explor ation plans. Although the Company believes that su ch statements are
reasonable, it can give no assurance that such expe ctations will prove to be correct. 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," "potent ial," "goal," "objective," "prospective," and simil ar expressions, or that events or
conditions "will," "would," "may," "can," "could" o r "should" occur, or are those statements, which, b y their nature, refer to future
events. The Company cautions that Forward-looking s tatements are based on the beliefs, estimates and o pinions 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 will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Except to the exten t required by applicable securities laws and the po licies of the TSX Venture
Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause future results to differ materiall y from those anticipated in these
forward-looking statements include, possible, accidents and other risks associated with mineral exploration operations, the risk that
the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting
and other governmental clearances necessary to carr y out the Company's exploration plans, the risk tha t the Company will not be
able to raise sufficient funds to carry out its bus iness plans, and the risk of political uncertaintie s and regulatory or legal changes
that might interfere with the Company's business an d prospects. The reader is urged to refer to the Co mpany's reports, publicly
available through the Canadian Securities Administr ators' System for Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com for a more complete discussion of such risk factors and their potential effects.
Figure 1. 2019 Fieldwork: Cu (ppm) in Rocks and Talus.