Ethos Gold Corp (ECC)

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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.