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Ethos Gold Provides Schefferville Gold Project Update
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Ethos Gold Corp.  (TSX...
About this update from Prospector Metals Corp
[{"type":"text","content":"Ethos Gold Provides Schefferville Gold Project UpdateVancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) (FSE: 1ET) (\"Ethos\" or the \"Company\") is pleased to announce that it has completed Phase 1 of the regional exploration program at the Schefferville Gold Project. The Schefferville Gold Project comprises a total of 36,808 hectares (368.1 km2) centered 80 kilometers northwest of Schefferville, Quebec, west of the border with Labrador.HighlightsIn October 2020, Ethos completed a high-definition helicopter-borne magnetometer survey over the Schefferville project aimed at high resolution mapping of magnetite-bearing iron formation and the identification of structures influencing gold mineralization.In winter and spring of 2021, Ethos completed compilation and validation of existing historical data, and together with the new aeromagnetic data, defined 44 prospective targets on which ground truthing and prospecting were conducted during Phase 1 field work conducted by IOS Geoscientific Services from mid-June to early July 2021. Numerous mineralized meta-iron formations were identified, some associated with historic gold showings, and some representing new showings.In August 2021, Ethos completed a property-wide LiDAR survey to help delineate structures, lineaments and geological contacts across the property.Phase 2 exploration program to begin immediately and focus on high priority targets identified during Phase 1.Project wide, approximately 53 gold occurrences grading from 1 g/t Au up to 171.5 g/t Au in mineralized iron formations have been documented (Figure 1,2) 1,2. Only six of these 53 prospect areas have been drill tested at all. A total of 35 short holes on these six prospects yielded results including 2.23 g/t Au over 19.55 m, 10.21 g/t over 2.03 m and 1.05 g/t Au over 12.55 m.Stated Jo Price, P.Geo., M.Sc., VP Exploration of Ethos: \"We are impressed by the robust targets developed during our compilation and Phase 1 exploration program at the Schefferville Gold Project. We are excited to immediately begin testing some of the highest priority areas on this district scale opportunity.\" Phase 1 Exploration ProgramThe Phase 1 work comprised property wide prospecting, regional structural analysis, and ground truthing of targets defined ...