(TSX.V: ECC | OTXQX: ETHOF)
Just published an important update for shareholders regarding the results from the First Deep Drilling at Iron Point, which is indicating significant anomalous gold mineralization.
Stated Craig Roberts, P.Eng., President & CEO of Ethos: “We are very encouraged by the broad intervals of highly altered and folded lower plate stratigraphy with significant intervals anomalous gold encountered in this first pass drilling of prospective lower plate rocks at Iron Point. Our next phase of work will include compilation and three dimensional modelling of the new data in combination with the historical data with the intention of vectoring towards potential higher grade mineralisation in Phase 2 drilling.”
Stated Dr. Quinton Hennigh: “In Carlin systems, gold grades can go from anomalous to ore grade in a short distance. We saw this pattern in a drill program I ran at Carlin for Evolving Gold Corp. We have proven that highly prospective and altered LP rocks occur at depth at Iron Point, and I am excited that we can now move toward the next phase of vectoring towards higher grade gold mineralization.”