The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek zone and they are indeed promising.
The first line of testing saw a total of 52 trench pits dug over 270 metres. The highlight assays came from 9 samples averaging 7.3 grams gold over 50 metres .
Along the second line, 64 trench pits were dug and covered 370 metres. The highlight assays there came from 6 samples averaging 2.9 grams gold over 45 metres.
The samples were collected from a depth of roughly 2 metres and trenches were spaced 5 to 10 metres apart.
Mascot Creek is part of the company’s Betty property, which is situated roughly 20-km east and along strike of Kaminak Gold’s (KAM-V) Coffee discovery in the White Gold district.
Gold mineralization at Coffee is associated with a regional scale structural corridor known as the Coffee Fault. The fault is defined by an east-west trending topographic and magnetic lineament that transects the Betty property right around the Mascot zone.
Ethos has thus far received results from 11,225 soil samples at Betty with a total of 7,017 soil samples collected from Mascot.
The company has a large land position in the White Gold district with a total of 5,089 claims covering an area of 1,063 sq km – and Betty alone covers 179 sq. km.
In Toronto on Oct. 27, Ethos shares were up 11% to 73¢ on 312,000 shares traded.
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