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ETHOS IDENTIFIES GOLD SOIL ANOMALY AT WOLF PROPERTY, YUKON
Vancouver, BC - December 8, 2011 - Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC) (OTCQX: ETHOF) (FRANKFURT: 1ET) has discovered anomalous gold in soils covering a 7.5 square kilometer area at the Wolf Property, located west of Kaminak Gold Corporation’s (“Kaminak”) Coffee discovery and the Company’s Mascot Creek gold discovery, western Yukon Territory, Canada.
The Wolf Property is comprised of 238 claims covering 50 square kilometers situated 40 km west of Kaminak's flagship Coffee Property. Gold mineralization at the Coffee Property is associated with a regional scale structural corridor termed the "Coffee Fault". The Coffee Fault is defined by an east-west trending topographic and magnetic lineament that is interpreted to pass along the northern boundary of Ethos' Wolf Property with subordinate fault structures transecting these claims. The Coffee Fault and subordinate structures are the focus of Ethos' exploration program at the Wolf Property.
Gary Freeman, CEO and President of Ethos states, "Exploration at the Wolf Property has yielded a gold soil anomaly of significant size which is extremely encouraging and provides Ethos with a second substantial exploration target to focus on in 2012. The gold soil anomaly at Wolf also substantiates our view that the Coffee Fault and adjacent fault structures are the plumbing network for regional district- scale gold endowment with considerable exploration potential.”
A total of 2,918 reconnaissance ridge-and-spur and grid soil samples representing 146 line kilometers of soil data at the Wolf Property have been collected to date by contractor Ground Truth Exploration Inc. of Dawson, Yukon. Results indicate a continuous gold soil anomaly that is 5 kilometers by 1.5 kilometers in area extending in a southwest direction and still open further to the southwest. Gold values in soils within the anomalous area range from 10 ppb to 358 ppb gold with 16 values greater than 75 ppb. Please CLICK HERE to view the Wolf Property soil anomalies.
These values are lower in magnitude compared with soil results from the Company’s Mascot Creek anomaly at the Betty Property, due to the dilutive effect in the soil at Wolf of significant amounts of windblown silt (loess) from the nearby White River delta, plus windblown volcanic ash (tephra), compounded by extensive areas of permafrost on the property which dilute the soil geochemical response.
The Wolf Property is unglaciated and, due to the dilutive effect of loess and tephra, a gold geochemical response in soil of 10 ppb Au or higher indicates gold is present. Other gold pathfinder elements such as arsenic and silver also have anomalous responses coincident with gold.
Results from airborne magnetics and radiometric surveying indicate the Wolf gold soil anomaly in the central part of the property is associated with two intersecting magnetic ‘break’ linears oriented northeast and east respectively. The linear breaks are interpreted to be subordinate fault structures related to the main Coffee fault. The gold soil anomaly lies along the contact of a radiometric ‘high’ representing a granodiorite intrusion which has intruded quartz-mica schist, similar to the geology underlying the Mascot Creek soil anomaly.
The Wolf gold soil anomaly warrants further testing. The Company has plans for a program of follow-up trenching and diamond drill testing of several targets within the Wolf gold soil anomaly. A detailed plan and budget for this work will be formalized in early 2012.
A comprehensive QA/QC program is in place to monitor precision and accuracy of the assay results. All soil samples are submitted with certified reference materials. Soil sample duplicates are routinely collected, and pulp duplicates are obtained for all soil samples. Ridge-and-spur soil samples are analyzed by Acme Analytical Laboratories Ltd. ("Acme"). A 15 g sub-sample of soil material is ignited, acid digested, and gold determined by ICP-MS; a 0.5 g sub-sample undergoes aqua regia digestion with ICP- MS analysis for 36 reporting elements including arsenic. Analytical QA/QC programs monitoring the precision and accuracy of results includes the routine use of assaying sample duplicates, certified reference standard(s), and both assay and prep wash blanks. Acme is ISO 9001 certified.
The technical information contained within this News Release has been reviewed and approved by Peter Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and Qualified Person as defined by National Instrument 43-101 policy.
Ethos Reports Three Trench Samples Returning Gold Over 575 Meters at New "Bond" Gold Zone on the Betty Property, White Gold District, Yukon
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69003305
Check out this new video with Gary Freeman giving a presentation on Ethos to prospective investors. Click Here To Watch
Ethos Samples 7.3 g/t Gold Over 50 Meters From Mercedes Trenching, Betty Property, White Gold District, Yukon
http://www.istockanalyst.com/business/news/5505412/ethos-samples-7-3-g-t-gold-over-50-meters-from-mercedes-trenching-betty-property-white-gold-district-yukon
ETHOS SAMPLES 16.4 G/T GOLD AND 10 G/T SILVER FROM TRENCHING “MASCOT CREEK” ANOMALY NEAR THE COFFEE FAULT, BETTY PROPERTY, WHITE GOLD DISTRICT, YUKON
Vancouver, BC – September 12, 2011 - Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC) (OTCQX: ETHOF) (FRANKFURT: 1ET) reports gold analyses from rock grab samples up to 16.4 g/t gold with 10 g/t silver from a trench in the area of Mascot Creek at the Betty Property located southeast along- strike of Kaminak Gold Corporation's ("Kaminak") Coffee discovery in the White Gold District, west-central Yukon Territory, Canada.
Ethos has one of the largest property packages in the White Gold District totalling 5,089 claims covering an area of 1,063 square kilometers. Ethos' Betty Property, comprised of 856 claims covering 179 square kilometers, is situated immediately east of Kaminak's Coffee Property. Gold mineralization at Kaminak's flagship Coffee Property is associated with a regional scale structural corridor termed the "Coffee Fault". The Coffee Fault is defined by a pronounced east-west trending topographic and magnetic lineament that transects Ethos' Betty Property. The Coffee Fault and subordinate structures are the focus of Ethos' Betty Property exploration program.
Summary of Results
• • •
A rock grab sample assays 16.4 g/t gold and 10 g/t silver; a new discovery within the Mascot Creek anomalous. Another separate new discovery 1,800 meters to the west of Mascot Creek with rock grab samples assaying 0.7 g/t to 0.9 g/t gold with 8 g/t to 10 g/t silver.
One reconnaissance prospecting sample assays 0.3 g/t gold with 37 g/t silver from outcrop immediately north of the Coffee Fault and 11 kilometers west of Mascot Creek.
Betty Rock Sampling, Trenching, and Prospecting Results
One rock grab sample assaying 16.4 g/t gold and 10 g/t silver was collected from a hand-dug trench 25 meters uphill of the site of the 1,149 ppb Au ridge-and-spur soil anomaly (see News Release August 29, 2011) located near the ridge crest east of Mascot Creek. The sample contains massive arsenopyrite veining and is hosted by altered granodiorite. A total of 700 meters of trenching has since been excavated in this area with more arsenopyrite veining recognized; systematic rock sample results from trenches are pending.
A second area of altered gold-bearing rock was discovered 1,800 meters to the west near the ridge crest on the west side of Mascot Creek (on the opposite ridge). Two rock grab samples from a backhoe-dug trench assayed 0.7 g/t to 0.9 g/t gold with 8 g/t and 10 g/t silver. A total of 2,000 meters of trenching has been completed in this area and a further 3,500 meters of trenching is underway; systematic rock sample results from trenches are pending. Iron-rich alteration is widespread in trenches in this area, corresponding to anomalous gold-in-soil sites.
One reconnaissance prospecting grab sample assays 0.3 g/t gold with 37 g/t silver from outcrop immediately north of the Coffee Fault and 11 kilometers west of the 16.4 g/t gold sample. The sample is from brecciated chert with quartz and pyrite-galena veining. This sample is significant as it represents the first gold-bearing outcrop located by Ethos personnel north of the Coffee Fault on the Betty Property and indicates additional exploration potential. No further work has been undertaken here but immediate follow-up is planned.
To view the map locating these anomalous rock samples within the Betty Property please click on the following link: http://www.ethoscapitalcorp.com/i/maps/yukon/PreliminarySampleResults_9Sep2011.jpg
Results so far continue to indicate potential in the Mascot Creek area for a large gold-mineralized system. Gary Freeman, CEO and President of Ethos states "Although the company awaits a large backlog of soil and rock data, these gold results from initial rock samples are extremely encouraging."
Ethos is planning for a continuing soil sampling program and follow-up trenching program to last into October. As soil targets are confirmed by prospecting and trenching, drill pad construction is currently planned to continue to the end of September.
Geotechnical Information
A comprehensive QA/QC program is in place to monitor precision and accuracy of analytical results. All soil samples are submitted to Acme Analytical Laboratories Ltd. ("Acme") for analysis. Soil sample field duplicates are routinely collected and inserted into the analytical stream as are pulp duplicates, as well as certified reference materials and blanks. A 15 g sub-sample of soil material is ignited, acid digested, and gold determined by ICP-MS; a 0.5 g sub-sample undergoes aqua regia digestion with ICP-MS analysis for 36 reporting elements.
Rock samples are analyzed for gold using a 30 gram sub-sample by fire assay with an atomic absorption finish under 10 g/t Au and a gravimetric finish if greater than 10 g/t Au. All rocks are also analyzed by ICP-MS using the same methodology as per soils. Analytical QA/QC programs monitoring the precision and accuracy of results includes the routine use of assaying sample duplicates, certified reference standard(s), and both assay and prep wash blanks. Acme is ISO 9001 certified.
A limited number of rock samples are also submitted to and analyzed by Eastern Analytical Limited (“Eastern”) of Springdale, Newfoundland and results obtained within 3 days of submission. The objective in using Eastern is to determine if gold is present in selected rocks on a timely basis to guide ongoing exploration. Rock samples submitted to Eastern are crushed and a 15 gram subsample assayed for gold by fire assay -- atomic absorption finish. Also included are analyses of blanks plus five chemical reference standards as part of the QA/QC procedure. Pulps from these samples have been retained.
Ethos uses protocols standard to the industry and professional QA/QC procedures for assaying including the use of laboratory standards, blanks, and duplicates, the retention of pulps and coarse rejects, and the maintenance of chain-of-custody among other procedures.
The technical information contained within this News Release has been reviewed and approved by Peter Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and Qualified Person as defined by National Instrument 43-101 policy.
ETHOS EXPANDS “MASCOT CREEK” GOLD SOIL ANOMALY AREA NEAR THE COFFEE FAULT, BETTY PROPERTY, WHITE GOLD DISTRICT, YUKON
Vancouver, BC – August 29, 2011 - Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC) (OTCQX: ETHOF) (FRANKFURT: 1ET) is pleased to report further gold analyses from soil samples up to 1149 ppb Au in the area of Mascot Creek, and to provide an update on the ongoing exploration at the Betty Property, just one of the 5 properties Ethos has an option to acquire a 100% interest in in the area, located southeast along-strike of Kaminak Gold Corporation's ("Kaminak") Coffee discovery in the White Gold District, west-central Yukon Territory, Canada.
In addition, Ethos has staked a further 126 claims adjoining the Betty Property to the south and east. Ethos now has 5,089 claims covering an area of 1,063 square kilometers in the emerging White Gold District. Ethos' Betty Property, now comprised of 856 claims covering 179 square kilometers, is situated immediately east of Kaminak's Coffee Property. These newly staked claims are deemed to be Tie-In Claims under the terms of the Company's property option agreements with Shawn Ryan and Wildwood Exploration Inc. (collectively the "optionors") and thus become subject to the terms of those agreements, including among others the 2% NSR and buyback provisions as disclosed previously. Gold mineralization at Kaminak's flagship Coffee Property is associated with a regional scale structural corridor termed the "Coffee Fault". The Coffee Fault is defined by a pronounced east-west trending topographic and magnetic lineament that transects Ethos' Betty Property. The Coffee Fault and subordinate structures are the focus of Ethos' Betty Property exploration program.
A total of 3,875 reconnaissance ridge-and-spur soil samples representing 194 line kilometers of soil data were collected in the first pass at the Betty Property. Results have now been received for 3,100 or 80% of these first-pass ridge-and-spur samples.
New results have increased the potential of the Mascot Creek Soil Anomaly (see August 9, 2011 News Release). One line of soils, spaced 50 meters apart and located on the ridge east of Mascot Creek has returned the highest gold-in-soil results to date. One soil located near the ridge crest contains 1,149 ppb Au. A second soil sample taken 3 meters away as a field duplicate for quality control contains 844 ppb Au. These samples are strongly anomalous in arsenic, at 3,028 ppm and 2,203 ppm As respectively. The next 3 samples are also anomalous over a total distance along the soil line of 150 meters with gold values of 23, 100, and 24 ppb Au with arsenic values of 413, 636, and 252 ppm As. These Au and As values are consistent with results reported by Kaminak from soils in proximity to gold-mineralized zones.
These anomalous gold-arsenic soils are situated above a magnetic break interpreted to be a northeast trending fault which is a splay off a much larger structure located in Mascot Creek. Ethos previously reported highly anomalous gold-arsenic soils in Mascot Creek, and also on the ridge top to the west of Mascot Creek over a total area of approximately 5 km by 3 km. More soil results from a large area to the northwest of Mascot Creek are among the 20% of results still pending from the lab.
The results to date indicate the potential at Mascot Creek for a gold-mineralized area. Follow-up to define targets has begun. A follow-up 5,000 sample soil survey consisting of 100 meter spaced lines with soils collected every 50 meters conducted over the past 10 days has been completed and samples submitted to the lab. Approximately 1,500 meters of trenching and pitting has been completed on the ridge west of Mascot Creek and the backhoe has now been moved to begin work on the 1,149 ppb Au anomaly east of Mascot Creek.
Gary Freeman, CEO and President of Ethos states "We are extremely encouraged to have identified a gold anomaly of similar size and scope when compared with initial results from the White and Coffee area gold discoveries. Our crews are working hard to identify the best targets in this area.”
Ethos is planning for a continuing soil sampling program and a follow-up trenching program to last into October. As soil targets are confirmed by trenching, drill pad construction is currently planned to continue to the end of September.
To view the location of our claims including the Betty Property please click on the following link:
http://www.ethoscapitalcorp.com/i/maps/ECC_ClaimsMap_4Jul11.jpg
The Coffee Fault and Betty Property can be viewed using Google Earth through a link on the homepage of the Company's website, www.ethoscapitalcorp.com.
A comprehensive QA/QC program is in place to monitor precision and accuracy of the assay results. All soil samples are submitted with certified reference materials. Soil sample duplicates are routinely collected, and pulp duplicates are obtained for all soil samples. Ridge-and-spur soil samples are analyzed by Acme Analytical Laboratories Ltd. ("Acme"). A 15 g sub-sample of soil material is ignited, acid digested, and gold determined by ICP-MS; a 0.5 g sub-sample undergoes aqua regia digestion with ICP- MS analysis for 36 reporting elements including arsenic. Analytical QA/QC programs monitoring the precision and accuracy of results includes the routine use of assaying sample duplicates, certified reference standard(s), and both assay and prep wash blanks. Acme is ISO 9001 certified.
The technical information contained within this News Release has been reviewed and approved by Peter Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and Qualified Person as defined by National Instrument 43-101 policy.
ETHOF company news release
http://www.babelation.com/feed/ethos-capital-corp-ethof-otc-link-supplemental-information-12
ETHOF Research Report concerning Technical Report on the Hen and Bridget Projects/http://www.babelation.com/feed/ethos-capital-corp-ethof-otc-link-research-report-0
Ethos Completes $15 Million Private Placement
http://www.ethoscapitalcorp.com/s/news.asp?ReportID=455372
It might start as of May, but it is early stage. I like the market cap and the fact they have lots of cash
All the analyst I follow say this is going to be one hell of a year for ETHOS. Should be a steady flow of news throughout 2011.
The Yukon property will have some nice results for sure.
You have been here for a while.
Aware as to when results on any of the properties are expected to come in?
ETHOS CAPITAL CORP. JOINS OTCQX
Vancouver, BC – March 16, 2011, Ethos Capital Corp. (the "Company" or “Ethos”) (TSX-V: ECC; OTCQX: ETHOF; FRANKFURT: 1ET ) is pleased to announce that it is now trading on the OTCQX®.
OTC Markets Group Inc. (OTCQX: OTCM), is the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Ethos Capital began trading today on the OTC market’s OTCQX International tier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
“OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Ethos Capital to OTCQX.”
Berenbaum Weinshienk PC will serve as Ethos Capital’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.
About Ethos Capital Corp.
Ethos is a junior mining company focused on the exploration and development of its mineral property prospects located in recognized mineralized belts, in areas that are politically stable, mining-friendly and hospitable to exploration and development. The Company's principal projects are its 2,187 claims making up a 457 square kilometre property package in the heart of the emerging White Gold / Klondike gold district, as well as its Santa Teresa and Corrales silver- zinc-lead properties in Mexico.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. The OTC LinkTM platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. The wide spectrum of OTC-traded companies are categorized into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC PinkTM (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
Dear Friends and Colleagues,
As the former President and CEO of Pediment Gold Corp., I would like to take a brief moment to extend my sincerest gratitude for your enthusiasm for the Company throughout the past six years. As I have stated before, it is my belief that the recent business combination with Argonaut Gold Inc. will provide significant value for shareholders going forward, and it is my hope that you see the potential in this transaction, just as you saw the potential in our little gold company so many years ago.
I am convinced that the future for the combined Company will be very exciting, evidenced by the attached recent analyst coverage provided for your perusal.
As I move on from my position as President of Pediment, I would like to take this opportunity to tell you about the junior-resource company, Ethos Capital Corp, which I now operate. Ethos is focusing its efforts in the White Gold District of the west-central Yukon, where we have acquired a large and highly prospective land position in conjunction with the well-known prospector, Shawn Ryan. I started to recognize the tremendous potential in the Yukon and it dawned on me that we are seeing Voisey's Bay-type discoveries in the White Gold District. I knew that the Company should capitalize on this prospect. To do so, I travelled to the Yukon, met with Mr. Ryan, and we discussed the two discoveries he was responsible for, Underworld's Golden Saddle, now owned by Kinross, and Kaminack's Coffee project. I realized then that I had met the most important contact for Ethos as it focussed its interest in the new Yukon Gold Rush.
Additionally, I am also very pleased to report that the Company has engaged Peter Tallman, P. Geo., as its Chief Operating Officer. Mr. Tallman possesses the type of experience required to run an efficient and effective program, and I believe his experience will greatly complement the talents of Shawn Ryan. I expect Mr. Ryan and Mr. Tallman's vast experience, coupled with the Company's high potential exploration projects will create shareholder value, and represents an excellent opportunity for future growth of the Company and its shareholders.
All that being said, I thank you once again for supporting Pediment Gold on its journey, and ask that you kindly note my new email address and phone number below.
Ethos Acquires Two Additional Properties in the Emerging White Gold District Dawson Range, Yukon Territory
Mar. 3, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:ECC) is pleased to announce that it has obtained the option to acquire a 100% interest in two prospective gold properties located respectively 70 km and 120 km south of Dawson City, Yukon. The Bridget and Hen properties, identified by experienced target generator Shawn Ryan (Wildwood Exploration Inc.), comprise a total of 1,385 claims (approximately 28,950 hectares) and are located in the highly prospective White Gold area, west-central Yukon. The newly recognized high-grade, lode gold mineralization in the area has led to two significant discoveries: the Golden Saddle deposit (Kinross Gold Corporation) and The Coffee Creek prospects (Kaminak Gold Corporation) in 2008 and 2010 respectively. The Casino copper-molybdenum-gold deposit (being developed by Western Copper Corporation) is located nearby.
The Bridget and Hen properties are strategically located in the White Gold region of the Dawson Range, respectively east and north of Kaminak's Coffee Property. Part of the Hen property adjoins Kinross Gold's claims containing the new "JP Ross" discovery. The primary target on the Bridget and Hen properties is a near-surface, bulk tonnage gold setting analogous to Kinross Gold Corporation's recently acquired White Gold Project, and Kaminak Gold Corporation's newly discovered Coffee Project. The Bridget and Hen properties represent promising gold exploration targets in an emerging gold district with historic placer gold production and significant discoveries in 2008 and 2010. Please CLICK HERE to view the claim map.
Recent Gold Discoveries in the Dawson Range
In 2008, Underworld Resources Inc. drilled 18.1m grading 4.35 g/t Au and 50.7m grading 3.1 g/t Au following up with an intercept early in 2009 grading 3.39 g/t Au across 104.0m. This led to delineation of the Golden Saddle deposit with an Indicated Resource of 1,004,570 oz gold @ 3.2 g/t Au, and an additional Inferred Resource of 407,413 oz gold @ 2.5 g/t Au. In Spring of 2010, drilling on the Coffee Project produced two significant discoveries: the Supremo Zone which yielded 17.07 g/t Au over 15.5m, and the Latte zone which returned 2.35 g/t Au over 51m. This information is not necessarily indicative of the mineralization that may be identified on the Betty and Wolf properties.
Mineralization at both Golden Saddle and on the Coffee Project is believed to be dominantly associated with felsic plutonic and older metamorphic rocks. Mineralization is structurally controlled and has a gold - arsenic - antimony surface soil geochemical response.
The Bridget and Hen Properties
In 1970, regional silt sampling by Silver Standard identified the Bridget Property area as one of three significant copper-silver anomalies along with what is now the Minto mine (Capstone) and the Lucky Joe prospect (Copper Ridge) in the region. In 2001 Shawn Ryan following up on government airborne magnetic surveying recognized the association of gold with the historically identified copper targets and the coincidence of this mineralization to magnetic highs.
The Bridget Property was explored by Shawn Ryan over three years between 2005 and 2008. Work included prospecting, geochemical sampling (a total of 1,455 soil samples collected) and ground magnetic surveying (~32 line kms) on the Bridget property. Soil sample analyses from the 2008 detailed soil grid indicate a geochemically anomalous area greater than 750 meters in length with copper >200 to 711 ppm coincident with anomalous bismuth (to 155 ppm) and molybdenum (to 322pmm) associated with a strong magnetic anomaly. The results suggest similarities with the Minto and Lucky Joe areas of mineralization.
The Bridget Property is contiguous with the Company's Betty Property optioned from Shawn Ryan in November 2010 (see NR 30 November 2010). The area is highly prospective for White Gold District style gold mineralization such as Kinross's White deposit and Kaminak's Coffee prospects as well as porphyry copper-gold mineralization similar to Minto or Lucky Joe.
The Hen property has seen limited exploration. The property covers ~100 square kilometres centred on Henderson Creek which is a current and long-lived area of placer gold mining made famous by the American author Jack London who had a cabin on Henderson Creek during the Klondike gold rush. The Hen property covers an airborne magnetic anomaly and adjoins claims owned by Kinross who have made a gold discovery at the "JP Ross" prospect east of the Hen property boundary.
2011 Work Program
Ethos Capital Corp. management believes these two new properties represent excellent opportunities for exploration for bulk tonnage gold mineralization in the emerging White Gold District. There is also potential for gold-copper- molybdenum mineralization similar in style to the nearby Casino deposit and the Minto deposit. Summer 2011 exploration plans include airborne magnetics and radiometric surveying plus ground follow-up soil geochemical surveys designed to infill and expand existing data, trenching of existing soil anomalies, ground magnetic surveying and geological mapping. The goal of this work is to identify and prioritize diamond drill targets.
The Option Agreements
The Company has entered into option agreements with Shawn Ryan and Wildwood Exploration Inc., to acquire a 100% interest in each of the Bridget and Hen properties.
The Bridget property option agreement calls for Ethos to make cash payments aggregating $550,000, incur exploration expenditures aggregating $2.5 million and issue up to 1.25 million shares staged over the five-year term of the option. More specifically, to acquire and maintain the Bridget option, Ethos will make upfront payments of $100,000 cash and 250,000 common shares. To maintain the option, Ethos will be required to make additional option payments of $450,000 in cash and issue 1.0 million shares, staged over four years. Upon completion of $4.0 million in exploration expenditures, Ethos will be required to issue an additional 250,000 shares; and upon completion of $7.5 million in exploration expenditures it will be required to issue an additional 250,000 shares.
Similarly, the Hen property option agreement calls for Ethos to make cash payments aggregating $650,000, incur exploration expenditures aggregating $2.55 million and issue up to 1.75 million shares staged over the five-year term of the option. More specifically, to acquire and maintain the Hen option, Ethos will make an upfront payment of $125,000 cash and 350,000 common shares. To maintain the option, Ethos will be required to make additional option payments of $525,000 in cash and the issuance of 1.4 million shares, staged over four years. Upon Ethos completing $4.0 million in exploration expenditures Ethos will be required to issue an additional 350,000 shares, and upon completion of $7.5 million in exploration expenditures it will be required to issue an additional 350,000 shares.
Each of the properties will be subject to a 2% NSR royalty in favour of the optionors ,with an option in favour of the Company to buyout 1% of the NSR royalty exercisable for CDN$2.5 million per property.
The Bridget and Hen option agreements, taken together with the Betty and Wolf option agreements described in the Company's November 30, 2010 news release, are being treated by the TSX Venture Exchange as a Fundamental Acquisition. Consequently, the property acquisitions pursuant to the Bridget and Hen option agreements are subject to the acceptance of the TSX Venture Exchange, which acceptance is, among other things, subject to the Company completing and filing NI 43-101 compliant technical reports on each of the Bridget, Hen, Betty and Wolf properties. The Company has engaged Jean Paulter, P.Geo, JP Exploration Service Inc., to prepare these technical reports, and expects to have all of the required reports completed by March 31, 2011. The Company will not make any cash payments or share issuances under the Bridget and Hen option agreements until they have been accepted for filing by the TSX Venture Exchange. Any shares subsequently issued by the Company under these option agreements will be subject to a four-month hold period.
About Ethos
Ethos is junior mining company focused on exploration and development of its valuable mineral assets located in highly prospective mineralized belts, close to infrastructure and in areas that are politically stable, mining-friendly and hospitable to exploration and development. The Company's principal projects are its 2,187 claims totalling 457 square kilometre property package in the heart of the emerging White Gold / Klondike gold district as well as its Santa Teresa and Corrales silver-zinc-lead properties in Mexico.
Work in Mexico at the Corrales Property in past year has included shallow drilling testing silver-zinc-lead mineralization, limited deeper drilling aimed at establishing vectors to higher-grade mineralization, and currently ongoing detailed magnetics surveying aimed at identifying priority drill targets beneath the pediment cover. Results of the magnetics surveying are pending.
This News Release has been reviewed and approved by Peter Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and Qualified Person for the Yukon projects, in accordance with regulations under National Instrument 43-101.
Ethos Capital Corp.
Per:
Gary Freeman, President & CEO
Investment Industry Regulatory Organization of Canada - Trade Resumption - Ethos Capital Corp. - ECC
Mar. 3, 2011 (Canada NewsWire Group) --
VANCOUVER, March 3 /CNW/ - Trading resumes in:
Issuer Name: Ethos Capital Corp.
TSX-V Ticker Symbol: ECC
Resumption Time: 10:45 E.T.
Investment Industry Regulatory Organization of Canada, (416) 646-7299
Investment Industry Regulatory Organization of Canada - Trading Halt - Ethos Capital Corp - ECC
Mar. 2, 2011 (Canada NewsWire Group) --
VANCOUVER, March 2 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Ethos Capital Corp
TSX-V Ticker Symbol: ECC
Time of Halt: 9:04 E.S.T.
Reason for Halt: Company Request Pending News
IIROC Inquiries (416) 646-7299 - *Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only
ETHOS ENGAGES EUROPEAN PUBLIC RELATIONS CONSULTANT, GRANTS INCENTIVE STOCK OPTIONS
Vancouver, BC – February 15, 2011, Ethos Capital Corp. (the "Company" or “Ethos”) (TSX-V: ECC) is pleased to announce that it has retained Deutsche Investor-Relations GmbH ("DIRG") to provide the Company with investor relations services in Europe.
DIRG is a Berlin-based investor relations firm that provides a multitude of investor relations services to publically traded companies looking to establish support in German-speaking Europe. DIRG will create an online presence for Ethos through the creation of a corporate profile on www.wallstreetonline.de, with the intent of creating a multifaceted investor relations program based on this profile. DIRG is at arms-length to the Company and will provide the services from offices in Vancouver and Germany. DIRG has no direct or indirect interest in the Company but may acquire such interest in the future.
Pursuant to an agreement between DIRG and Ethos, DIRG will be paid €2,500 per month to provide the said services for a period of twelve months, subject to automatic twelve month renewals unless cancelled in advance by either party.
In addition, DIRG has been granted, under the Company’s Share Option Plan, incentive stock options to purchase up to 70,500 common shares. The options will be exercisable for a period of up to two years from the date of grant at a price of $0.94, and are subject to vesting provisions. The agreement and stock options are subject to regulatory approval.
For additional information please contact Gary Freeman or Andy Hay at 604-682-4750. Ethos Capital Corp. Per: Gary Freeman, President & CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Looks like my cycle observation is coming to fruition. Too bad there is such low volume.
I bought into this last week. I noticed a cycle that it tends to follow and am hoping that it keeps the trend. Not much of a following here I see.
ETHOS APPOINTS CHIEF OPERATING OFFICER, GRANTS 750,000 INCENTIVE
STOCK OPTIONS
Vancouver, BC – February 2, 2011, Ethos Capital Corp. (the "Company" or “Ethos”) (TSX-V: ECC) is pleased to announce that Mr. Peter Tallman, P.Geo., has been appointed as Chief Operating Officer.
Mr. Tallman is a Registered Professional Geologist with over 29 years of experience in management and mineral exploration worldwide, with an emphasis on Eastern Canada. Mr. Tallman was involved in the discovery and delineation of the million ounce Hope Brook Gold Mine with BP-Selco during 1982 – 1987, and the Beaver Brook Antimony Mine with Noranda during 1988 – 1991. Mr. Tallman has also previously held positions such as Vice President, Exploration for Prime Equities International Corp., Vice President of Rockvale Resources Limited. In 2002 Mr. Tallman was appointed as and is currently, President, CEO and director of Messina Minerals Inc., which discovered the Boomerang zinc deposit in 2005. He currently remains a director of Messina. Mr. Tallman graduated with a B.Sc. from the University of Western Ontario in 1984. With his vast exploration and management experience, Mr. Tallman will be a positive addition to the Ethos management team.
The Company also announces that it has granted, under its Share Option Plan, incentive stock options to certain directors, officers and employees of the Company, including Mr. Tallman, to purchase 750,000 common shares. The options will be exercisable for a period of up to five years from the date of grant at a price of $0.93.
For additional information please contact Gary Freeman or Andy Hay at 604-682-4750. Ethos Capital Corp. Per: Gary Freeman, President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Ethos Provides Update on Exploration in Mexico and Announces Amendment to Existing Option Agreement
VANCOUVER, BRITISH COLUMBIA, Jan. 11, 2011 (Marketwire) --
Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE:ECC) is pleased to provide an update on its Mexican silver-lead-zinc properties.
CORRALES PROPERTY
Ethos has engaged Quantec Geosciencia de Mexico S.A. de C.V. to conduct a ground magnetic survey of approximately 220 line kilometres. The survey has been designed to prioritize drill targets (magnetic anomalies) within a large overburden covered area to the south and southwest of the Companies most recent drilling which suggests an increase in both alteration and mineralization under cover. This survey is slated to start on or about January 15, 2011 and is anticipated to be completed in approximately 3 weeks.
In September-October, 2010, the Company completed an initial core drilling program comprising 1327 meters in six holes. Anomalous lead, zinc and silver values were encountered in every drill hole. Hole No. CC-10-02 returned the best intersection (15.5 meters averaging 9.7 g/t Ag, 1.2% Pb and 0.2% Zn) from 4.5 to 20.0 meters depth. However, the character of the mineralization indicates that it is distal from the intrusive/skarn contact (prime target area). The magnetic survey will be used to focus on prospective targets similar to the intrusive/skarn/hornfels occurrences found immediately south and northwest of the property boundaries.
SANTA TERESA
At Santa Teresa, the company intends to test the La Florida zone by X metres of core drilling. At this prospect, parallel vein/shear zones containing lead-zinc mineralization within a permissive zone roughly 75 meters wide are traceable for several hundred meters along strike and have been explored by several sets of underground workings over a vertical extent of about 150 meters. The old workings targeted mineralization in steeply dipping, composite vein/shear zones roughly 1.0 to 2.5 meters wide. In general, this mineralization averages 2 - 4% combined lead-zinc with low silver values (5 - 10 g/t Ag).
Reconnaissance mapping and characterization sampling conducted by the Company indicate that these values are enhanced by the presence of significant amounts of vanadium and gallium: Of 81 characterization samples taken from the old workings, 31 samples returned values greater than 1000 ppm V (0.18% V2O5) and 5 samples returned values greater than 10,000 ppm V (1.8% V2O5). Of the 81 samples taken from the workings, 19 samples reported values greater than 20 g/t gallium, to a high of 161.5 g/t gallium. Additional exploration is warranted in order to ascertain whether gallium is present in sufficient quantities to justify a resource definition programme - the Company cautions that there is no guarantee that further exploration will result in the targets being delineated as a mineral resource.
AMENDMENT TO OPTION AGREEMENT
Further to its news releases dated June 13, 2008, June 17, 2008 and October 29, 2008, it has entered into an agreement (the "2nd Amending Agreement"), amending the terms outlined in the June 12, 2008 Letter of Intent, as amended on October 9, 2008 (the "Amended Agreement") with Cardero Resource Corp. ("Cardero"). Pursuant to the 2nd Amending Agreement, Ethos and Cardero have agreed to reduce the shares issuable by Ethos to 1,000,300 from 1,334,000 shares, and to reduce the total cash payments to CDN$300,000 from CDN$500,000.
Option Terms
As a result of the 2nd Amending Agreement, Ethos will now have an exclusive option to earn an undivided seventy (70%) percent right, title and working interest in and to the Santa Teresa and Corrales Properties by making the following remaining payments and share issuances:
(a) cash payments to Cardero as follows:
i. SEVENTY-FIVE THOUSAND (CAD 75,000) DOLLARS on or before December 15,
2010 (paid), and
ii. an additional ONE HUNDRED AND TWENTY-FIVE THOUSAND (CAD 125,000) DOLLARS
by July 17, 2011;
(b) issuing to Cardero fully paid and non-assessable common shares in the
capital stock of ECC as follows:
i. ONE HUNDRED AND FIFTY THOUSAND (150,000) ECC Shares by December 15,
2010 (issued),
ii. an additional TWO HUNDRED AND FIFTY THOUSAND (250,000) ECC Shares by
July 17, 2011, and
iii. an additional SIX HUNDRED THOUSAND THREE HUNDRED (600,300) ECC Shares
by July 17, 2012.
The technical data in this news release has been reviewed and approved by James M. Dawson, P. Eng., consultant to the company, who supervised the work and who is a qualified person under the definition of National Instrument 43-101.
Ethos Capital Corp.
Gary Freeman, President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to exploration work at Corrales and Santa Teresa. 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. 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 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 carry out the Company's exploration plans. 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.
The TSX Venture Exchange has not reviewed or accepted responsibility for the adequacy or accuracy of this news release.
Ethos Acquires Gold Properties in the emerging White Gold District -Dawson Range, Yukon Territory, Announces Financing
Vancouver, BC – November 30, 2010, Ethos Capital Corp. (the "Company" or “Ethos”) (TSX- V: ECC) is pleased to announce that it has obtained the option to acquire a 100% interest in two prospective gold properties located approximately 120 km south of Dawson City, Yukon. The Betty and Wolf properties, identified by experienced target generator Shawn Ryan (Wildwood Exploration Inc.), comprise 802 claims (approximately 16,228 hectares) and are located in the highly prospective White Gold area, west-central Yukon. The newly recognized high-grade, lode gold mineralization in the area has led to two significant discoveries: the Golden Saddle deposit (Kinross Gold Corporation) and The Coffee Creek prospects (Kaminak Gold Corporation) in 2008 and 2010 respectively.
The Betty and Wolf claims are strategically located in the White Gold region of the Dawson Range, respectively northeast and southwest of, and on trend with, Kaminak’s Coffee Property. The primary target on the Wolf and Betty properties is a near-surface, bulk tonnage gold setting analogous to Kinross Gold Corporation’s recently acquired White Gold Project, and Kaminak Gold Corporation’s newly discovered Coffee Project. The Betty and Wolf properties represent promising gold exploration targets in an emerging gold district with historic placer gold production and significant discoveries in 2008 and 2010.
Recent Gold Discoveries in the Dawson Range
In 2008, Underworld Resources Inc. drilled 18.1m grading 4.35 g/t Au and 50.7m grading 3.1 g/t Au following up with an intercept early in 2009 grading 3.39 g/t Au across 104.0m. This led to delineation of the Golden Saddle deposit with an Indicated Resource of 1,004,570 oz gold @ 3.2 g/t Au, and an additional Inferred Resource of 407,413 oz gold @ 2.5 g/t Au. In Spring of 2010, drilling on the Coffee Project produced two significant discoveries: the Supremo Zone which yielded 17.07 g/t Au over 15.5m, and the Latte zone which returned 2.35 g/t Au over 51m. This information is not necessarily indicative of the mineralization that may be identified on the Betty and Wolf properties.
Mineralization at both Golden Saddle and on the Coffee Project is believed to be dominantly associated with felsic plutonic and older metamorphic rocks. Mineralization is structural controlled and has a gold + arsenic + antimony surface soil geochemical response.
The Wolf and Betty Properties
Prospecting, geochemical sampling (601 soil samples) and ground magnetic surveying on the Wolf property has delineated 3 robust anomalies. Anomaly 1, the highest priority target measuring 710 meters in length, is defined by elevated gold (Au), arsenic (As) and antimony (Sb). This is similar to anomalies defined by Kaminak Gold Corporation on the Coffee Project and Underworld Resources on the White Gold project where subsequent trenching and drilling led to the discovery of significant bedrock gold mineralization. This anomaly is characterized by a robust multi-element, multi-line geochemical signature defined by Au (up to 25.2 ppb), As (up to 492 ppm) and Sb (up to 19.0 ppm), coincident with a magnetic low signature. Anomaly 2 consists of a coincident gold (up to 50.1 ppb) antimony (up to 97.7 ppm) geochemical anomaly measuring 610 meters by 300 meters. Anomaly 3 is a multi-line gold (up to 32.5 ppb) anomaly measuring 600 meters in length. Please CLICK HERE to view the Wolf property soil anomalies.
The Betty Property has not been systematically explored since the 1970’s when the Marquerite Copper Showing was discovered on the western portion of the current claim block. This property has yet to be systematically explored and represents an attractive gold target for 2011.
2011 Work Program
Ethos Capital Corp. management believes these two new properties represent excellent opportunities for exploration for bulk tonnage gold mineralization in the emerging White Gold District. Summer 2011 exploration plans include follow-up soil geochemical surveys designed to infill and expand existing data, trenching of existing soil anomalies, ground magnetic surveying and geological mapping. The goal of this work is to identify and prioritize diamond drill targets.
The Option Agreements
The Company has entered into option agreements with Shawn Ryan and Wildwood Exploration Inc., to acquire a 100% interest in each of the Wolf and Betty properties. The Betty property option agreement calls for Ethos to make cash payments aggregating $600,000, incur exploration expenditures aggregating $2.5 million and issue up to 1.75 million shares staged over the five-year term of the option. More specifically, to acquire and maintain the Betty option, Ethos will make upfront payments of $150,000 cash and 250,000 common shares. To maintain the option, Ethos will be required to make additional option payments of $450,000 in cash and issue 1.0 million shares, staged over four years. In addition, Ethos will be required to incur exploration expenditures of $2.5 million over five years. Upon completion of $4.0 million in exploration expenditures, Ethos will be required to issue an additional 250,000 shares; upon completion of $7.5 million in exploration expenditures it will be required to issue an additional 250,000 shares. Similarly, the Wolf property option agreement calls for Ethos to make cash payments aggregating $550,000, incur exploration expenditures aggregating $2.5 million and issue up to 1.75 million shares staged over the five-year term of the option. More specifically, to acquire and maintain the Wolf option, Ethos will make an upfront payment of $100,000 cash and 250,000 common shares. To maintain the option, Ethos will be required to make additional option payments of $450,000 in cash and the issuance of 1.0 million shares, staged over four years. In addition, Ethos will be required to incur exploration expenditures of $2.5 million over five years. Upon Ethos completing $4.0 million in exploration expenditures Ethos will be required to issue an additional 250,000 shares, and upon completion of $7.5 million in exploration expenditures it will be required to issue an additional 250,000 shares.
Each of the properties will be subject to a 2% NSR royalty in favour of the optionors ,with an option in favour of the Company to buyout 1% of the NSR royalty exercisable for CDN$2.5 million per property.
This Wolf and Betty option agreements are subject to the acceptance of the TSX Venture Exchange. Any and all such shares to be issued by the Company will be subject to a four-month hold period.
Financing
To finance its acquisition of the subject options and its initial exploration of the Wolf and Betty properties, Ethos plans to raise up to $3.6 million in a non-brokered private placement financing (the “Offering”). The Offering consists of up to 2,777,778 non-flow-through Units (“the Units”) at an issue price of $0.90 per Unit for gross proceeds of up to $2.5 million, and up to 1.0 million flow-through shares (the “FT Shares”) at an issue price or $1.10 per FT Share for gross proceeds of up to $1.1 million. Each Unit will comprise one common share and one-half of one warrant (1,388,889 warrants). Each whole warrant will be exercisable to acquire one additional common share of the Company at a price of $1.15 for the first year and $1.40 for the second year from the closing date. The warrants will carry a forced conversion feature such that should the common shares of Ethos trade, between the date that is 4 months following the closing date of the placement and the date that is one year from the closing date, at or above $1.50 per share for 20 consecutive trading days, or if the common shares of Ethos trade in the second year, at or above $1.80 per share for 20 consecutive trading days the Company may (within 30 days of such occurrence) notify warrant holders in writing that the warrant must be exercised within 30 calendar days of the notice – subsequent to which any unexercised warrants will expire. Finder's fees may be payable on all, or part, of the Offering. Subject to the acceptance of the TSX Venture Exchange, such finder’s fees may be paid in Units in lieu of cash.
About Ethos
Ethos is junior mining company focused on the exploration and development of valuable mineral assets in significant mineralogical trends, close to infrastructure and in areas that are politically stable, mining-friendly and hospitable to year round exploration and development. The Company’s principal projects are its Santa Teresa and Corrales mineral properties in Mexico under option from
Cardero Resource Corp.
This News Release has been reviewed and approved by Carl Schulze, BSc, P.Geo, and Qualified Person for the property, in accordance with regulations under National Instrument 43- 101.
For additional information please contact Gary Freeman or Andy Hay at 604-682-4750 or visit the company website at www.ethoscapitalcorp.com
Ethos Capital Corp.
Per:
Gary Freeman, President & CEO
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