Agreement Entered On The Bassano Project


VANCOUVER - Ethos Gold Corp. has entered an agreement to earn a 100% interest in the Bassano Project contiguous to Ethos's newly staked Schefferville Gold Project, 85 km northwest of Schefferville, Quebec.

Highlights: The Bassano Project comprises 21 mineral claims covering 10.3km2 containing prospective iron formation hosting at least three known gold occurrences: Baleine Rouge, Baluga, and Arsene; Historic work at Baleine Rouge returned rock grab samples assaying up to 12.21 g/t Au and a drill interval of 2.23 g/t Au over 19.55 m, including 10.21 g/t over 2.03 m; Historic work at Arsene returned rock grab samples assaying up to 31.13 g/t Au and a drill interval of 1.05 g/t Au over 12.55 m; & Historic work at Baluga returned rock grab samples assaying up to 1.89 g/t Au.

Craig Roberts, P.Eng., President and CEO, said, "The historic drill intervals on the Bassano project demonstrate significant widths and grades of gold mineralization. Ethos will soon start a large, high resolution magnetic survey over our district scale Schefferville Property, covering approximately 60 km of strike length. We will utilize results from this survey in combination with the significant amount of detailed historical geologic and geophysical data to establish correlations and to vector in on target areas for gold mineralization, to be then followed by ground truthing and drill targeting."