Ethos Provides Update on Corrales Exploration Program
22 September 2010 - 1:30AM
Marketwired
Ethos Capital Corp. (the "Company" or "Ethos") (TSX VENTURE: ECC)
is pleased to provide an update on the exploration program at the
Corrales property, Chihuahua state, Mexico.
A program of six diamond drill holes totaling of 1327.4 meters
has been completed at the property. Visual logging of this core
indicates that the holes intersected similar material to the
material that was encountered in the previous program of shallow
percussion drilling (see news release dated August 25, 2010).
Selected sections of core are presently being split and sampled
and will be sent to the ALS-Chemex laboratory facilities in
Chihuahua city for analysis. Results are expected in 3 to 4
weeks.
Meanwhile, regional reconnaissance mapping has outlined the
potential of a concealed intrusive body on the property. This
intrusive body is projected to trend across the property south and
southwest of the current drilling area (and exposed mineralization)
in a large flat area of pediment cover. The significance of such an
intrusive body is that it could be the focus of more intensive
mineralizing activity. The mineralization that has been intersected
so far is distal from an intrusive (heat and fluid source) and
therefore locating this intrusion is an important step in exploring
this property.
The Company will consider a number of further exploration
approaches including geophysical surveys, once it has received and
interpreted the results of the current drilling program.
The technical data in this news release has been reviewed and
approved by James M. Dawson, P. Eng., consultant to the company who
supervised the work and who is a qualified person under the
definition of National Instrument 43-101.
Ethos Capital Corp.
Gary Freeman, President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking
statements", as defined in the United States Private Securities
Litigation Reform Act of 1995, and within the meaning of Canadian
securities legislation, relating to the current drill program and
work being conducted at the Corrales property. Although the Company
believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct.
Forward-looking statements are statements that are not historical
facts; they are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or
conditions "will", "would", "may", "can", "could" or "should"
occur, or are those statements, which, by their nature, refer to
future events. The Company cautions that Forward-looking statements
are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause future results to differ
materially from those anticipated in these forward-looking
statements include, the Company's inability to satisfy the Exchange
that the proposed Qualifying Transaction meets the requirements to
support a Tier 2 mining issuer, accidents and other risks
associated with mineral exploration operations, the risk that the
Company will encounter unanticipated geological factors, the
possibility that the Company may not be able to secure permitting
and other governmental clearances necessary to carry out the
Company's exploration plans. The reader is urged to refer to the
Company's reports, publicly available through the Canadian
Securities Administrators' System for Electronic Document Analysis
and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential effects.
The TSX Venture Exchange has not reviewed or accepted
responsibility for the adequacy or accuracy of this news
release.
Contacts: Ethos Capital Corp. Gary Freeman 604-682-4750 Ethos
Capital Corp. Andy Hay 604-682-4750 www.ethoscapitalcorp.com
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