Ethos trenches 20.5 m of 0.34% V2O5 at Pine Pass

Stockwatch Daily - - MINES & METALS - Mr. Craig Roberts re­ports

ETHOS GOLD Corp. has re­leased the re­main­ing re­sults 2018 sam­pling pro­gram from its Pine Pass vana­dium project. East limb re­sults Re­sults from trench 1 (18PPT1) and trench 2 (18PPT2) on the east limb were re­ported in a Nov. 1, 2018, press re­lease. The en­tire 255 me­tres sam­pled in trench 1 per­pen­dic­u­lar to strike av­er­aged 0.27 per cent vana­dium ox­ide (V2O5), with sig­nif­i­cant in­ter­vals of plus 0.40 per cent V2O5. In trench 2, ap­prox­i­mately 1.1 kilo­me­tres south­east of trench 1, the en­tire 218 m sam­pled in trench 2 av­er­aged 0.43 per cent V2O5, with sig­nif­i­cant in­ter­vals of plus 0.50 per cent V2O5 and up to plus 0.80 per cent V2O5.

An ef­fort was made to hand dig a third trench (trench 5 (18PPT5)) in steep ter­rain ap­prox­i­mately three km south east of trench 2. The first 42 me­tres of this trench reached bedrock and re­turned an in­ter­val of 20.5 me­tres of 0.34 per cent V2O5. The bal­ance of this trench did not reach bedrock.

The three trenches on the east limb, along with soil and rock sam­ples, con­firm that sig­nif­i­cant vana­dium min­er­al­iza­tion ex­tends over at least five km of the ap­prox­i­mately 10 km of prospec­tive east limb sub­crop strike. The re­main­ing five km of east limb strike to the north­west of the 2018 work will be ex­plored in the 2019 sea­son.

West limb re­sults

Five soil lines and two trenches were com­pleted on the west limb in the 2018 pro­gram.

Trench 3 (18PPT3) was dug ap­prox­i­mately 5.5 km north­west of the John Hart High­way. This trench in­cluded an in­ter­val of 31 me­tres of 0.10 per cent V2O5. Bedrock was pri­mar­ily silt­stone in­di­cat­ing that the trench was likely out­side of the main tar­get hori­zon. Re­sults for a nearby soil geo­chem­istry line were re­ceived after trench 3 was com­pleted in­di­cat­ing that the higher-grade min­er­al­ized hori­zon was to the west of trench 3. Work in 2019 will in­clude ex­tend­ing this trench to the west.

Trench 4 (18PPT3) was dug in very steep ter­rain ap­prox­i­mately 500 m north­west of the John Hart High­way. This trench in­cluded an in­ter­val of nine me­tres of 0.27 per cent V2O5. Only the up­per 17 me­tres of this trench reached bedrock. Work in 2019 will in­clude ex­tend­ing this trench to the west.

As noted in the Nov. 1, 2018, press re­lease, the west limb min­er­al­iza­tion was also out­lined in a road cut on the John Hart High­way where a

50-me­tre true width re­turned an av­er­age of 0.39 per cent V2O5 (in­clud­ing 0.45 per cent over 20 me­tres).

The re­sults of the soil and prospect­ing to­gether with the mapped ge­ol­ogy of both trench 3 and 4 sug­gest that west limb high-grade vana­dium-bear­ing hori­zon is lo­cated ap­prox­i­mately 150 500 m farther to the west than an­tic­i­pated. The 2018 re­gional west li mb sam­pling and trench­ing do con­firm that sig­nif­i­cant vana­dium min­er­al­iza­tion ex­tends over at least nine km of the ap­prox­i­mately 10 km of prospec­tive west limb sub­crop strike. Sum­mary

(See ECC Ta­ble 1 on page 13)

2018 rock and soil sam­pling As­says of 89 out­crop and sub­crop sam­ples col­lected dur­ing re­gional prospect­ing of the prop­erty, ranged from be­low de­tec­tion to 2,420 parts per mil­lion V (0.43 per cent V2O5) with over 18 sam­ples as­say­ing above 1,000 ppm V (0.19 per cent V2O5). In ad­di­tion, 535 soil sam­ples col­lected across nine lines at 10 m spac­ing as­sayed from be­low de­tec­tion to 4,770 ppm V (0.85 per cent V2O5) with 68 sam­ples as­say­ing over 1,000 ppm V (0.19 V2O5). Craig Roberts, PEng, in­terim pres­i­dent and chief ex­ec­u­tive of­fi­cer of Ethos, stated: “The 2018 Pine Pass ex­plo­ration pro­gram was highly suc­cess­ful in con­firm­ing plus 100 m thick­nesses of plus 0.40 per cent V2O5 vana­dium hosted in black shale, in­clud­ing higher-grade in­ter­vals of up to plus 0.80 per cent V2O5. The pro­gram has also con­firmed the pres­ence of sig­nif­i­cant vana­dium min­er­al­iza­tion over five km of strike on the east limb and over nine km of strike on the west limb, with sig­nif­i­cant ad­di­tional prospec­tive strike length still to ex­plore. Jo Price, MSc, MBA, PGeo, VP, ex­plo­ration, of the com­pany, is now pre­par­ing per­mit ap­pli­ca­tions for a sig­nif­i­cant trench­ing and drilling pro­gram in 2019. This pro­gram will test ap­prox­i­mately 1.5 km of strike be­tween and out­side trenches 1 and 2, and will also drill test other tar­get ar­eas on the prop­erty. We an­tic­i­pate hav­ing this trench­ing and drilling per­mit ap­pli­ca­tion sub­mit­ted be­fore 2018 year-end. Based on the 2018 sam­pling and trench­ing pro­gram, we are very ex­cited by the po­ten­tial for the maiden drill pro­gram to de­liver sig­nif­i­cant re­sults in 2019.” Qual­ity as­sur­ance/qual­ity con­trol, qual­i­fied per­son and con­tact

All sam­ples were de­liv­ered to ALS Che­mex in Kam­loops and/or North Van­cou­ver, B.C., for anal­y­sis of select el­e­ments by ICP-MS anal­y­sis us­ing four-acid di­ges­tion. Qual­ity con­trol en­tailed in­ser­tion of com­pany stan­dards, blanks and du­pli­cates into the trench sam­ple stream. In ad­di­tion, ALS Che­mex rou­tinely in­serted blanks and stan­dards into the sam­ple stream at the as­say lab­o­ra­tory. All re­ported stan­dard and blank as­say val­ues, as well as du­pli­cates were within an ac­cept­able mar­gin of er­ror. Work at Pine Pass is be­ing su­per­vised by Ms. Price, MSc, MBA, PGeo, VP, ex­plo­ration. She is a qual­i­fied per­son as de­fined un­der Na­tional In­stru­ment 43-101, and has read and ap­proved this re­lease.

We seek Safe Har­bor.

Melvin A Her­drick, Michael Dar­ren Mur­phy, Craig An­thony Roberts, Hen­drik van Alphen

(ECC) Shares: 47,585,381

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