Ethos Gold Corp. files draft La Purisima 43-101, signs property access agreement, and commences field work
Su uite 1430 – 800 West Pen nder Street, V Vancouver, B BC V6C 2V6
TH HIS RELEASE IS NOT FO OR DISTRIBU UTION TO U.S S. NEWS WIR RE SERVICE ES OR FOR DISS SEMINATION N IN THE UNI ITED STATES S
Ethos G Gold Corp. files draft L La Purisima a 43-101, sig gns propert ty access agreement, a and commences field w work
Vancouv ver, BC – Ju une 15, 2018, Ethos Go
old Corp. (“ “Ethos” or th he “Compan ny”) (TSXV:E ECC) is please ed to announ nce that it has submitted a draft 43 3-101 technic cal report fo or its La Pur risima change”). The report was project ( (the “Projec ct”) to the T TSX Ventur re Exchange (the “Exc prepared d by P. Crai ig Gibson, P Ph.D., CPG G. The tech hnical report t will be po osted on SE EDAR following its acceptan nce by the E Exchange.
The Proj ject is locat ted in the n north centra al part of Ch hihuahua State, approx ximately 250 0 km northwes st of the City y of Chihuah hua, and 50 km northea ast of Nuevo
- Casas Gra andes. Acce ess is
by 15 km m of paved road from Nuevo Cas sas Grandes s and then 60 km of g gravel road. . The primary t target is an n epithermal low sulfida ation vein sy ystem which h has been mapped ov ver a north-sou uth strike l length of o over 1.5 km m, open in n both dire ections. Su urface map pping, undergro ound working gs, and hist toric drilling indicate tha at gold mine eralization is s present ov ver a broad str ructural widt th of up to 2 200 meters, with dissem mination of g gold minerali ization outside of the primary veining, including in stockwork k and other r lithological units recep ptive to the gold mineraliz zing fluids. Based on th his explorati ion concept, Ethos is p pursuing at L La Purisima as a potential open pit, heap leach hable resou urce targetin ng both the e primary v veining and d the dissemin nated minera alization. N No resource has been d defined to d date at the Project, and d any resource e definition w will depend on future exp ploration suc ccess which is uncertain.
Ethos ha as now comm menced sam mpling and m mapping wor rk on La Pur risima with 1 189 rock sam mples taken to date and se ent for assay y to ALS Chemex in Hermosillo, wit th an additio onal 200 en route to the same lab. Initial work has uncovered several vein ns not previo ously identified, including g one vein set that ranges from 10 to 50 meters in width. W xploration results, Work is ongo oing and ex including g surface sam mpling assa ays, will be r released as they are rec ceived. The e objective o of this define target areas for drilling. Conc ation for an initial work program is to d currently, pe ermit prepara drill program has com mmenced, w with drilling a anticipated to
- commence e prior to yea ar-end. A bu udget
for this p program is also being prepared with the cost an nticipated to be modest, in part base ed on good acc cess and flat t topography y.
The Company is also pleased to announce that it has signed a property access agreement for La Purisima with the cattle ranch land owners, providing the Company with that access rights necessary for the anticipated exploration work, including drilling. The agreement also provides access through the construction and operation of a mine, should the exploration program successfully define an economic deposit.
Mel Herdrick, a director of and consultant to the Company, is a Qualified Person as defined under National Instrument 43-101, has read and approves this release.
For additional information please contact Craig Roberts at 604-682-4750. The Company’s website, www.ethosgold.com, will be revised once the NI 43-101 technical report has been accepted by the Exchange to include information on the La Purisima project as well as other corporate updates.
Ethos Gold Corp.
Per: "Craig Roberts"
Craig Roberts P.Eng., President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding Exchange acceptance and subsequent SEDAR filing of an NI 43-101 technical report on the Project, the future release of assay results from current exploration work, the development and execution of a drill program, including permit applications, and the costs of a future exploration and drilling program forecast to be nominal. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations 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," "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 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 extent required by applicable securities laws and the policies 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 materially from those anticipated in these forward-looking statements include, the Company's inability to secure the acceptance by the TSX Venture Exchange for the Company’s option agreement to acquire the La Purisima Project or the above-described technical report, other delays faced by the Company in addressing the Exchange’s requirements for the technical report, accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other governmental clearances, necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' 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
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.