Ethos Identifies Gold Anomalies in the Coffee Fault, White Gold District, Yukon


Ethos Capital Corp.  is pleased to report preliminary gold soil geochemical results from ongoing exploration 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 is currently exploring 4,963 claims covering an area of 1,038 square kilometers in the emerging White Gold District. Ethos’ Betty Property, comprised of 730 claims covering 152 square kilometers, is situated immediately east of Kaminak’s Coffee Property and covers approximately 15 kilometers of the highly prospective Coffee Fault.

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.

This part of the Dawson Range has not been glaciated and soil sampling, which has led to the Coffee and White Gold discoveries, is an important component in Ethos’ 2011 exploration program and is a highly effective exploration tool for locating in-situ gold mineralization.

A total of 15,752 reconnaissance ridge-and-spur soil samples have been collected to date, which represents just over half of the 32,750 samples that will be collected during the 2011 exploration program. The soil collection program has been contracted to Ground Truth Exploration Inc. of Dawson City Yukon. Results from the Betty portion of this survey are reported herein.

Betty Property Preliminary Soil Results

A total of 3,875 reconnaissance ridge-and-spur soil samples representing 194 line kilometers of soil data have been collected from the Betty Property. Results have been received for 1,153 samples representing 30% of the samples collected at Betty. Results are therefore not comprehensive or complete, however significant gold-in-soil anomalies have been discovered.

Anomalous gold soil values up to 384 ppb occur along or immediately adjacent to a 5 kilometer-long segment of the highly prospective Coffee Fault. A second highly anomalous area occurs at the intersection of the Coffee Fault and the Dip Creek Fault defining a 3 square kilometer area of anomalous gold (597 ppb) and arsenic (920 ppm). Follow-up prospecting has identified quartz vein subcrop containing pyrite and arsenopyrite hosted by altered intrusive rocks over a 70 meter by 150 meter area within this anomaly.

“We are extremely happy with the progress our field crews have made so far and we are very excited about the soil survey results that we have received to date. The anomalies outlined by the 2011 soil program indicate that the sampling methodology executed by our partner Shawn Ryan is working” stated Gary Freeman, President and CEO of Ethos. “These results are especially exciting given their close proximity to the Coffee discovery”.

Be Sociable, Share!

, , , , ,

Comments are closed.