Mining Explorers 2012: Ethos Gold Corp.
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Last updated 11/11/2012 at Noon
ECC: TSX/ETHOF: OTCQX/1ET: FRANKFURT
President and CEO: Gary Freeman
Chief Operating Officer: Peter Tallman, P.Geo.
Chief Financial Officer: Peter Wong, C.A.
Ethos Gold Corp., formerly Ethos Capital Corp., focused in 2012 on exploring its Betty, Wolf and Bridget properties south of Dawson City, Yukon.
A two-phase 2012 exploration program, originally budgeted for C$7.3 million, was revised downward to C$5 million by mid-season.
Targeting the Mascot Creek soil anomaly identified in 2011 at the 15-square-kilometer Betty Property, Ethos completed 60 reverse circulation drill holes totaling 6,900 meters by late August.
Among results of assays for 22 holes, hole BETR-022 intersected 7.1 grams per metric ton gold and 209 g/t silver over 13.7 meters (Marshall target) and hole BETR-012 intersected 29.8 g/t gold over 3.1 meters (Perrault target).
Ethos also collected 8,700 new soil samples north of the Mascot Creek soil anomaly from which targets were identified along the prospective Coffee fault.
Prospecting, mapping and evaluation of new anomalous areas associated with the Coffee fault structure are ongoing to identify and qualify priority drill targets for 2013.
A program aimed at fully documenting the history of placer gold workings on the property is also ongoing.
An extensive network of recently located old equipment roads may assist future exploration.
At the 238-claim Wolf property, a 2012 exploration program consisting of prospecting and mapping to evaluate the source of the gold soil anomaly was planned to begin in late August or early September.
At Bridget which is adjacent to Betty to the north, Ethos completed a program of prospecting and trench pit sampling in early August targeting a prospective copper-gold porphyry.
Assays are pending from 46 rock samples.
Cash and short-term deposits: C$11.79 million (June 30, 2012)
Working capital: C$11.52 million (at June 30, 2012)
Market capitalization: C$23.19 million (Sept. 2, 2012)
Suite 680 - 789 West Pender Street
Vancouver, BC Canada V6C 1H2
Ph: 604 682-4750 Fax: 604 682-4809
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