Ethos Gold Inc. (OTCQB:ETHOF)

Ethos Gold Inc. (OTCQB:ETHOF)

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Ethos Gold, a Discovery Group company, has accumulated a portfolio of district scale projects in British Columbia, Ontario, Quebec, Newfoundland, and Nevada that we believe have large scale discovery potential. The Company has a strong technical team led by Dr. Rob Carpenter, formerly the CEO of Kaminak Gold Corporation. Rob led the Kaminak team from initial listing in 2005 through acquisition and discovery of the multiple-million ounce Coffee Gold Project. In Ethos he has assembled a senior geologic team with a strong record of discovery success including Dr. Robert Brozdowski, P.Geo., Dan MacNeil, M.Sc., P. Geo, and Dr. Alan Wainwright, P.Geo. Dr. Quinton Hennigh, an economic geologist with 25 years of exploration experience formerly with Homestake Mining Company, Newcrest Mining and Newmont Mining Corp oversees the Company’s work at the Iron Point project in Nevada. With working capital of approximately C$4.5 million, the Company is well funded to advance its projects.

Projects:

Gaffney, BC:

BRITISH COLUMBIA:

100% (earn in): Interest in 8,172 Hectare (82 km2) Gaffney Gold Property

HIGHLIGHTS:

-The project is situated in the Eastern Cordillera Gold belt.
-Linear trends (+6 Km and +4km) of high-tenor gold-in-soil geochemical anomalies with soil values up to 2.95 g/t gold.
-Soil anomalies including silver; arsenic; antimony – pathfinders for orogenic gold deposits.
-With good access initial field work will be relatively low cost.
-PLANNED WORK PROGRAM
-Ethos plans to complete the following work program during Q4 2020 to Q3 2021:
-Mapping, prospecting and sampling program.
-Infill soil survey.
-Lidar survey.
Aeromagnetic survey.
-Follow-up trenching or (short-hole) auger drilling campaign.

KEY TERMS:

-Ethos can earn a 100% interest in Gaffney by making the following cash and share payments:
-Cash payment of $15k and 600k shares upon signing.
-600k shares at 12 months.
-600k shares at 24 months.
-600k shares at 36 months.

Perk Rocky, BC:

100% (earn in): Copper-Gold Porphyry Target, Cu-Au Mineralization Over 8 km x 5 km Area.

HIGHLIGHTS:

-Potential for a large bulk tonnage porphyry Cu-Au deposit.
-New copper-gold discoveries made over 8 km x 5 km area.
-Road accessible, under-explored and never drilled.
-Hallmarks of a strong telescoped porphyry system present.
-Potential also for high-grade, vein hosted gold mineralization on the periphery of the porphyry target areas

KEY TERMS:

-100% earn-in option
-$690K Cash payments / 2.9M Shares over 3 years.
-3% NSR can be brought down to 1.0% NSR.
-Incurring a minimum of $350K in exploration costs on or prior to first anniversary of execution date (completed).
-Milestone Payments: US$3.85 million following 100% earn-in.

Iron Point:

Nevada:

50% (earn in): Carlin-type Gold Along 8 km Trend.

OVERVIEW:

-Ethos can earn a 50% undivided interest in the gold and silver rights at Iron Point property by spending CDN$ 5 million over three years.
-A recent review by Lewis Teal, a recognized Carlin expert, has confirmed that the 2019 Ethos drilling penetrated productive Lower Plate carbonate stratigraphy prospective for Carlin-type gold targets.

PHASE 2

-Ground-based gravity and magnetic surveys as well as select CSAMT lines.
-Conduct an assay program on samples previously not tested for gold, mercury, arsenic, antimony and other pathfinder elements.
-MDA will update their 3D model with this new data, which will then be utilized for drill hole targeting.

Ridgeline Minerals Corp.:

Nevada:

TSXV: “RDG” (equity ownership): Carlin-type gold.:

OVERVIEW:

-100% ownership of 3 projects on theCarlin and Battle Mtn – Eureka Trend
-Selana
-Carlin East
-Swift
-116 km2 exploration portfolio
-Ethos own 1.9M shares (paid $0.22/sh)
-IPO in August 2020
-Recent close: $0.64 (Aug. 19)

Fairchild Lake Gold Project:

Ontario:

100% (earn-in) interest in the 2,228 ha (22.8 km2):

HIGHLIGHTS:

-The property covers a 15km long segment of the regionally significant Kashawogama Lake Shear Zone (KLSZ).
-Previous government mapping initiatives describe the KLSZ as a brittle – ductile high strain zone that separates granitoid rocks in the north from mafic volcanic and sedimentary rocks in the south.
-Coarse conglomerate rock units are noted within the core of the shear zones and the Ethos technical team has tentatively interpreted these units as “Timiskaming-like” in appearance, thereby reinforcing the KLSZ as a potentially important structure for hosting gold mineralization.
-This is the diagnostic structural setting for orogenic (vein hosted) gold deposits that occur in the Superior Province of Ontario and elsewhere.

PLANNED WORK PROGRAM:

Ongoing desktop research reviews of available data is currently being completed by the Ethos technical team and priority structural and stratigraphic targets are being generated for field follow-up in the spring of 2021. The initial field program will consist of ground truthing of priority targets as well as comprehensive prospecting along the length of the Kashawagama Lake Shear Zone in hopes of generating trench and drill targets for Q4 2021.

KEY TERMS:

-Ethos can earn a 100% interest in Fairchild Lake Gold Project by making the following cash and share payments at its option:
-Cash payment of $5k and 500k shares upon signing.
-500k shares at 9 months.
-500k shares at 18 months.

Savant Lake:

Ontario:

70% (earn in): Extensive Sheared Iron Formation Hosted Gold:

HIGHLIGHTS
-Six historic, high-grade iron formation-hosted surface gold occurrences identified to date within 60 km of cumulative strike length of under-explored iron formation.
-Two shear-hosted gold occurrences are known, and VMS targets also exist in the bimodal volcanic rock sequences exposed on the eastern and southwestern margins.
-Many of the priority gold and VMS targets have yet to be drill tested.
-High-resolution helicopter based aeromagnetic survey is complete, and together with comprehensive analysis of the historical data, plan for drill testing of targets in 2021.

KEY TERMS:

Ethos can earn a 70% interest in Savant Lake by making the following cash payments, share payments, and work commitments:
Cash Shares Work Commitment
On Signing $50,000 $2,000,000
Sep 20, 2021 $50,000 $2,000,000 $500,000
Sep 20, 2022 $50,000 $2,000,000 $1,000,000
Sep 20, 2023 $50,000 $2,000,000 $500,000
Total $200,000 $8,000,000 $2,000,000

Additionally, if a mineral resource in excess of 1 million oz of gold is defined on the property Ethos will make payments to New Dimension of $50,000 and 2 million common shares of Ethos.

Fuchsite Lake:

Ontario:

100% (owned): District Scale Iron Formation Hosted Gold.

OVERVIEW:

-Staked Fuchsite Lake claim block (3,744 Ha) covering unexplored Archean greenstone belt near Armstrong, Ontario.
-2020 PLANNED EXPLORATION
-A detailed aeromagnetic survey is planned for the claim blocks, to assist in defining the regional structural framework, but also to directly define areas of magnetite-bearing iron formation.
-Soil sampling and prospecting.

Campbell Lake Gold-VMS:

Ontario:

100% (earn in): Interest in the 4500 Hectare (45 km2) Campbell Lake Gold Project.

HIGHLIGHTS:

-A ~10km long prospective alteration corridor was identified by Ontario Government bedrock mapping initiatives in the area from the late 1970’s (Report 251).
-Extensive sulphide mineralization is described near a regionally significant mafic volcanic – metasedimentary contact zone with reports of significant alteration “sericite schist” along the trend.
-The property hosts numerous shear zone and iron formation hosted gold prospects associated with Pb and Ag minerals. Reports suggest the enveloping folded iron formation may exceed 90m thick.
-No modern exploration work has been reported in over 60 years despite prospective geology and relatively good access.
-Ethos is currently completing a high resolution airborne magnetic survey and acquiring detailed satellite imagery this Fall and follow up prospecting and sampling Is expected to begin in the spring of 2021.

PLANNED WORK PROGRAM:

-Ethos is completing a high resolution airborne magnetic survey and acquiring detailed satellite imagery.
-Follow up prospecting and sampling is expected to begin in the spring of 2021 designed to ground truth geophysical targets and reports of alteration and surface mineralization from previous government sources.

KEY TERMS:

-Ethos can earn a 100% interest in Campbell Lake by making the following cash and share payments at its option:
-Cash payment of $10k and 600k shares upon signing.
-600k shares on completion and evaluation of airborne geophysical survey.
-600k shares at 12 months.
-1.8 million shares at 24 months.

Ligneris:

Quebec:

70% (earn in): Abitibi gold-rich VMS (LaRonde type).

HIGHLIGHTS:

-Ligneris is an Archean-age gold rich VMS target, with similarities to Bosquet-LaRonde.
-A large hydrothermal footprint includes two main zones of approximately 200 to 300 meters thick and more than 1.8 kilometers long, suggesting a sizeable and deep-seated mineralized system.

2019-2020 EXPLORATION

-A total of 14 drill holes totalling 8318 meters have been completed testing three types of targets:
-Geological targets - purple ellipses.
-Geophysical targets - green ellipses.
-1 till target - gold ellipse.
-Significant grades of silver and base metals reaching up to 10.1 g/t Ag and 0.18% Cu over 9.0 meters (drilling LI-19-06) and 26.4 g/t Ag and 0.43% Zn over 5.0 meters (hole LI-19-07) were intersected in the Central zone;
-All of the tested chargeability anomalies were associated with pyrite mineralized zones ranging from disseminated to semi-massive.

KEY TERMS:

-Initial 51% interest in the Ligneris Project from Société d'exploration minière Vior Inc. (“Vior”) (TSXV:VIO) by:
Incurring Cdn $750,000 in expenditures per year over the first four years of the agreement commencing June 2019 ($3.0 million in total).
-Issuing to Vior 1.0 million Ethos common shares.
-Following an earn-in to 51%, Ethos will have 60 days to elect to earn a further 19% interest (to a total 70% interest) by spending an additional $4 million over the subsequent three years.
-No cash is payable by Ethos to Vior.
-No royalties are payable on Ligneris and none are created through this earn-in.

Schefferville:

Quebec:

100% (owned): District Scale Iron Formation Hosted Gold.

OVERVIEW:

-Staked 2 claim blocks Sable (23.4k Ha) and Hamard (5.4k Ha) representing district scale coverage of a poorly explored Archean greenstone belt.

2020 PLANNED EXPLORATION:

-A detailed aeromagnetic survey is planned for the claim blocks, to assist in defining the regional structural framework, but also to directly define areas of magnetite-bearing iron formation.
-Soil sampling and prospecting.

Toogood:

New Foundland:

100% (earn in) interest in 3350 ha (33.5km2) located on New World Island, approximately 65 km north of Gander, Newfoundland. These projects are contiguous and have good access via paved and gravel roads and trails.

HIGHLIGHTS:

-Limited historic work including by Noranda in the 1980’s to mid-1990’s identified at least nine occurrences with visible gold in bedrock over a structural corridor of more than 5 km. Reported high-grade assays from grab samples included 346 g/t, 245 g/t, 127 g/t and 99.7 g/t gold.
-The veining occurs the high level of orogenic style depositional environment, filling brittle fracturing of the host rocks. Gold mineralization is present in veining and stockwork fracturing with significant quartz, sulfides, and visible gold.
-Both coarse and fine visible gold are present, with some locations demonstrating both larger gold particles in the plus 2 mm range (see photos in Figure 2), but also significant coincident finer gold recoverable by panning.
-Five gold prospects were identified in 2002 (the Hank, Homer, Barney, Piranha, and Kelp prospects) where grab samples returned gold assays including 99.2 g/t, 104.3 g/t, and 127 g/t, 3.1 g/t, 3.5 g/t, 7.5g/t, 9.1 g/t, and 10.4 g/t 2.
-A limited seven-hole drill program by Manson Creek in 2011 returned 5.7 g/t Au over 1m, and 1.04 g/t over 9.1 m in reconnaissance drilling at two locations.

PLANNED WORK PROGRAM:

-Ethos plans to complete the following work program during Q4 2020 to Q3 2021:
-Historical data review and compilation.
-Mapping, prospecting and sampling program

KEY TERMS:

Ethos can earn a 100% interest in the Virgin Arm claim block by making the following cash and share payments:

-Cash payment of $60,000 on signing and 400,000 shares on Exchange approval.
-Cash payment of $75,000 and 600,000 shares at 12 months.
-Cash payment of $90,000 and 800,000 shares at 24 months.
-Cash payment of $150,000 and 1,200,000 shares at 36 months.
-The vendor retains a 3% NSR royalty, of which the first 1.5% can be purchased for $1,500,000. There are no work commitments.

Ethos can earn a 100% interest in the Deep Cove claim block by making the following cash and share payments:

-Cash payment of $65,000 on singing and 600,000 shares on Exchange approval.
-Cash payment of $45,000 and 600,000 shares at 12 months.
-Cash payment of $50,000 and 800,000 shares at 24 months.
-Cash payment of $120,000 and 1,200,000 shares at 36 months.
-The vendor retains a 2% NSR royalty, of which the first 1% can be purchased for $1,000,000. Ethos shall incur exploration costs of $100,000 per year on the Deep Cover claim block.


Ethos Gold . is traded on the OTCQB under the ticker symbol ETHOF. This is not investment advice. Please view the disclaimer found on this website.
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