- Ethos (ECC) has sampled 2,571 g/t gold at its Toogood Project in Newfoundland
- At the Titan showing, additional grab samples with local visible gold graded 1,146.87, 310.40 and 236.86 g/t gold
- At the Quinlan showing, the company reported assays of 229.88, 43.07, 19.09, 13.1, 10.79, 5.60 and 4.12 g/t gold
- Prospecting and localized geological mapping are ongoing
- Ethos Gold is focused on a portfolio of district-scale projects in British Columbia, Ontario, Quebec and Newfoundland
- Ethos (ECC) is up by 13.64 per cent and is currently trading at $0.25 per share
Ethos (ECC) has sampled 2,571 g/t gold at its Toogood Project in Newfoundland.
The result stems from multiple bonanza-grade outcrop samples at the Quinlan and Titan showings during the first pass exploration program on the property.
Toogood lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland.
At the Titan showing, additional grab samples with local visible gold graded 1,146.87, 310.40 and 236.86 g/t gold. New stripping and detailed geological mapping and sampling have identified a 40 m by 10 m mineralized zone open along strike and to depth. Channel assays are pending to assess the extension of known mineralization.
At the Quinlan showing, the company reported assays of 229.88, 43.07, 19.09, 13.1, 10.79, 5.60 and 4.12 g/t gold from composite chip and grab samples of quartz vein material hosted in an altered felsic dike. It has identified a 90 m by 15 m mineralized zone open to depth and concentrated along a north-northeast trending structure. Channel assays are pending to assess the extension of known mineralization.
The Sherwood showing was identified 1.6 km southeast of Quinlan. A total of 883 soil samples focused on the Virgin Arm Fault indicate a large elongate anomaly with up to 5,551 ppm arsenic for a strike length of 800 m. In addition, 32 of the soil samples were positive for gold. Local outcrop stripping is ongoing, which will be followed by detailed mapping and sampling.
Alex Heath, Ethos’ President and CEO, stated,
“Titan and Quinlan continue to develop into robust showings as progressive and systematic exploration expands our geological knowledge of the area. With the addition of Sherwood as a priority target, we are encouraged by the untapped prospectivity of the project.”
Ethos Gold is focused on a portfolio of district-scale projects in British Columbia, Ontario, Quebec and Newfoundland.
Ethos (ECC) is up by 13.64 per cent and is currently trading at $0.25 per share as of 9:40 am ET.