Ethos Capital Corp. (the "Company" or “Ethos”) is pleased to report that it has completed an induced polarization survey of approximately 25 line km. on its Corrales property, Chihuahua state, Mexico. The purpose of the survey was to test for primary sulphide mineralization below the known showings of oxide-type zinc-lead-copper-silver mineralization on the property with the intent of developing drill targets.
A well defined, NW-SE trending chargeability anomaly was defined north of the showings over a strike length of at least 1.8 km. The anomaly is associated with a distinct resistivity low and appears to strengthen significantly at depth. The source of the chargeability anomaly has not been established. The anomaly is offset from the known mineralization; however it has the same general trend and could be a related mineralized feature.
Additional mapping and prospecting will be completed on the property to optimize drill targets in the area of the anomaly and the known surface showings.
The Company is also pleased to announce it has a new Advisory Committee with Gary Belik and Mark Cruise consenting to act as its founding members. Mr. Belik and Mr. Cruise have agreed to serve as advisors to the Company on a broad range of technical and financial matters.
Gary Belik’s industry experience spans 30 years and includes providing geological consulting services for a wide variety of precious, base and specialty metal exploration projects throughout Canada, Western United States, Mexico and South America. He has been involved with a variety of companies such as Getchell Resources Inc. Mr. Belik holds a B.Sc. degree in Honors Geology and a M.SC degree in Geology, both from the University of British Columbia, and is a member of the Association of Professional Engineers and Geoscientists of B.C. and is a fellow of the Geological Association of Canada.
Mark Cruise is a base metal specialist who completed his Ph.D on the Irish Zinc-Lead orefield and has extensive global base metal experience ranging from grass-roots exploration through to production in Europe and the America’s. Mr. Cruise worked with Anglo American plc for 8 years, his most recent position being project manager for Anglo’s Baja California Norte – IOCG Belt project. Mr. Cruise is currently Vice President Business Development of Cardero Resource Corp. and is President, CEO and Director of Trevali Resources Corp, which is developing a silver-lead-zinc mine project in Peru.
The technical data in this news release has been reviewed and approved by James M. Dawson, P.Eng. Consultant to the Company who is a qualified person under the definition of National Instrument 43-101.
For additional information please contact Gary Freeman or Andy Hay.
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements”, as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to the work programs planned at the Corrales property. 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 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.