Ethos Acquires 20 Kilometers of Claims Along Coffee Fault, White Gold District, Yukon
Published : July 06, 2011
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Keywords :   G Mexico | Gold | Market | Mexico |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - Ethos Capital Corp. (the "Company" or "Ethos") (News - Market indicators)(OTCQX:ETHOF)(FRANKFURT:1ET) is pleased to announce that it has staked an additional 1,316 claims at the Hayes Property in the highly prospective White Gold District approximately 120 km south of Dawson City, Yukon. The new claims are contiguous with and along strike from Ethos' adjacent Betty Property (see November 30, 2010 News Release) and south of the Bridget Property (see March 2, 2011 News Release) which were acquired under option agreements from Shawn Ryan and Wildwood Exploration Inc. (collectively the "optionors"). The Hayes Property covers an additional 20 kilometers of the interpreted Coffee Fault structure and is situated along strike from Kaminak Gold Corporation's Coffee Property. The Board of Directors has approved an additional $650,000 to be added to the $6 million exploration budget (see May 10, 2011 News Release), to cover acquisition and exploration expenditures on the Hayes Property.

The newly staked Hayes Property claims are deemed to be Tie-In Claims under the terms of the Company's property option agreements with the optionors, and thus become subject to the terms of those agreements, including the 2% NSR and buyback provisions as disclosed in the November 30, 2010 and March 2, 2011 news releases.

Ethos now has a substantial property portfolio totaling 4,963 claims or approximately 1,038 square kilometres (103,857 hectares) in the White Gold District optioned from target generator Shawn Ryan and Wildwood Exploration Inc. Ethos has attained a dominant position along the Coffee fault, totaling 40 kilometers of strike length immediately to the east of Kaminak Gold Corporation's Coffee Property.

Ethos' five main properties, plus the small Rude Creek Property, are summarized in the following table:

Property Claims Hectares
Hayes 1,316 27,539
Wolf 238 5,059
Betty 730 15,259
Bridget 2,191 45,799
Hen 476 9,950
Rude Creek 12 251
TOTALS 4,963 103,857

To view a claims map, please CLICK HERE http://www.ethoscapitalcorp.com/i/maps/ECC_ClaimsMap_4Jul11.jpg

The $6.6 million systematic exploration program of Ethos' properties is well underway. The regional "ridge and spur" soil sampling on the Hen, Betty, and Bridget properties is nearing completion. Prospecting and mapping surveys have identified new zones of mineralization with rock sample assay results expected within two weeks. An update of all exploration efforts is expected to be issued shortly.

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 as defined by National Instrument 43-101.

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, among other things, the acquisition of the Hayes Property claims and a brief update of the current exploration 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, possible, 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, and the risk of political uncertainties and regulatory or legal changes in Mexico 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.

Ethos Capital Corp.
Gary Freeman
604-682-4750
or
Ethos Capital Corp.
Andy Hay
604-682-4750
www.ethoscapitalcorp.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Ethos Capital Corp.

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CODE : ECC.V
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Ethos is a exploration company based in Canada.

Its main exploration properties are CORRALES and SANTA TERESA in Mexico.

Ethos is listed in Canada. Its market capitalisation is CA$ 22.7 millions as of today (US$ 18.2 millions, € 16.9 millions).

Its stock quote reached its highest recent level on May 13, 2011 at CA$ 1.44, and its lowest recent point on March 20, 2020 at CA$ 0.08.

Ethos has 47 340 000 shares outstanding.

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Financings of Ethos Capital Corp.
4/14/2011Announces Private Placement of up to $15 Million
Project news of Ethos Capital Corp.
5/23/2012Commences Drilling on the Betty Gold Property, Yukon Territo...
3/20/2012Consolidates Yukon Land Holdings
2/28/2012Board Approves $7.3 Million Yukon Exploration Budget for 201...
1/18/2012Reports Gold Trench Results From The Betty Property, White G...
12/8/2011Identifies Gold Soil Anomaly at Wolf Property, Yukon
8/29/2011Expands "Mascot Creek" Gold Soil Anomaly Area Near the Coffe...
8/9/2011Identifies new "Mascot Creek" Gold Soil Anomaly Area Near th...
6/8/2011Commences Exploration In The White Gold District, Yukon
Corporate news of Ethos Capital Corp.
6/22/2016Ethos Grants 1,340,000 Incentive Stock Options
5/12/2016Ethos Completes Private Placement Financing and Welcomes Cra...
4/20/2016Ethos Gold Corp. Announces Appointment of New Senior Officer...
11/24/2015IIROC Trading Resumption - ECC
11/23/2015Ethos Gold Corp. and Zootly, LLC Terminate Proposed Business...
10/26/2015IIROC Trading Halt - ECC
6/16/2015Ethos Gold Corp. Announces Results of Annual General Meeting
2/1/2013Terminates Option to Purchase the Betty And Wolf Properties,...
9/19/2012Completes Second Phase of Exploration at Betty Project, Whit...
4/4/2012Changes Name To Ethos Gold Corp.
11/25/2011Reports On Exercise Of Warrants
10/6/2011Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within...
10/6/2011Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within...
9/12/2011Samples 16.4 g/t Gold And 10 g/t Silver from Trenching "Masc...
7/25/2011Discovers 2.1 g/t Gold Near the Coffee Fault, Betty Property...
7/12/2011Identifies Gold Anomalies in the Coffee Fault, White Gold Di...
7/6/2011Acquires 20 Kilometers of Claims Along Coffee Fault, White G...
6/6/2011Acquires 1,460 Additional Claims by Staking in the White Gol...
5/10/2011Budgets $6 Million for Yukon White Gold District in 2011
5/5/2011Completes $15 Million Private Placement
3/3/2011Acquires Two Additional Properties in the Emerging White Gol...
11/30/2010Acquires Gold Properties in the emerging White Gold District
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