Ethos Acquires 20 Kilometers of Claims Along Coffee Fault, White Gold District, Yukon
(firmenpresse) - Ethos Acquires 20 Kilometers of Claims Along Coffee Fault, White Gold District, Yukon
Vancouver, BC – July 5 2011 – Ethos Capital Corp. (the “Company” or “Ethos”) (TSX-V: ECC) (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:
PropertyClaimsHectares
Hayes1,31627,539
Wolf2385,059
Betty73015,259
Bridget2,19145,799
Hen4769,950
Rude Creek12251
TOTALS4,963103,857
To view a claims map, please CLICK HERE:
http://www.ethoscapitalcorp.com/i/maps/yukon/white-gold-claims.jpg
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.
For additional information please contact Gary Freeman or Andy Hay at 604-682-4750 or visit the company website at www.ethoscapitalcorp.com.
Per:
"Gary Freeman"
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. 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.
Leseranfragen:
Ethos Capital Corp.
Suite 680 - 789 West Pender Street
Vancouver, BC Kanada V6C 1H2
T:+1 604-682-4750
F: +1 604-682-4809
Gary Freeman, President & CEO
Andy Hay, Investor Relations
E-Mail: andy(at)ethoscapitalcorp.com
" alt="Canamex and GMV Enter into Option Agreement on Large Prospective Gold Acreage in Guyana
Datum: 07.07.2011 - 07:49 Uhr
Sprache: Deutsch
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