Ethos Gold Corp. files La Purisima 43-101 Technical Report
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Ethos Gold Corp. files La Purisima 43-101 Technical Report
Vancouver, BC – July 27, 2018, Ethos Gold Corp. (“Ethos” or the “Company”) (TSXV:ECC) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has accepted for filing the NI 43-101 technical report, dated May 19, 2018 (as amended July 5, 2018), prepared for the Company by P.C. Gibson, Ph.D., CPG (the “Technical Report”) for its La Purisima project located in the Municipality of Buenaventura, Chihuahua State, Mexico (the “La Purisima Project”). Coincident with its acceptance of the Technical Report, the Exchange has also provided its final acceptance of the Company’s option agreement to acquire the Project (see the Company’s press releases dated December 1, 2017 and June 15, 2018). The Technical Report will be available under the Company’s SEDAR filer profile at www.sedar.com.
The Technical Report recommends two stages of exploration work on the La Purisima Project: Stage 1 comprises mapping, sampling and permitting for drilling, and Stage 2 includes a 1,500 meter initial drill campaign. The total estimated budget for these two phases is US$429,000.
The primary target is an epithermal low sulfidation vein system which has been mapped over a north-south strike length of over 1.5 km, open in both directions. Surface mapping, underground workings, and historic drilling indicate that gold mineralization is present over a broad structural width of up to 200 meters, with dissemination of gold mineralization outside of the primary veining, including in stockwork and other lithological units receptive to the gold mineralizing fluids. The Company is now well into the Stage 1 work with 352 surface samples now submitted to ALS Chemex for assay. Work for the drill permit is advancing. . Results of the surface mapping and sampling program will be released once all assay results are received, plotted, and updated surface maps have been prepared.
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 Technical Report has been filed on SEDAR 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 [email protected] Phone: 604-638-8063
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the SEDAR filing of an NI 43-101 technical report on the La Purisima 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. 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 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.