(ECC.V) Feb. 11, 2019 – Ethos Gold Corp. has received approval for trenching and drilling of its La Purisima gold project in northwest Chihuahua, Mexico. A field crew has been mobilized to the project and trenching work with a backhoe is commencing imminently. The company anticipates that the trenches will be relatively shallow and that the trenching work will proceed rapidly. Drilling is planned to begin in March, shortly after the initial trench assay results are received.
The exploration model for the La Purisima mine area is for a near-surface, bulk tonnage, oxide gold target. A northwest-trending mineralized zone has been identified over a strike length of at least two kilometres with a width of alteration and geochemically anomalous gold of approximately 600 metres. Within this footprint are two northwest striking zones that have the strongest gold anomalies, each approximately 200 metres wide. One of these, the Purisima vein zone, strikes for at least two kilometres; the other, the Stockwork zone, strikes for at least one kilometre.
Both zones appear to extend under a thin alluvial cover consisting of gravel and soil deposits. Gold and silver mineralization is contained in quartz veins and veinlets forming stockworks and sheets in both volcanic flow rocks and older discordant sedimentary rocks. La Purisima is located in an area of low relief with excellent road access and infrastructure. The concessions are located on private ranch land and a long-term annual fee based property access agreement has been signed with the land owners.
“We are excited to be now moving ahead at La Purisima with machine trenching followed by our maiden drill program,” said Ethos president and CEO Craig Roberts (P.Eng.). “Historic work documented by Mexican government reports indicates areas with multi-gram gold values localized in multiple sub-parallel epithermal veins, as well as disseminated gold mineralization around the Purisima vein described in the historic Purisima mine. The target area is sizeable covering at least two kilometres of strike and is largely untested by modern and systematic exploration methods. Project access and infrastructure is very good allowing a modest initial budget for trenching and drilling at La Purisima of approximately USD$350,000. We will report initial trench results as soon as results are received and analyzed, and provide an update on the planned drilling at that time.”Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.