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Ethos Gold Corp Completes First Deep Drilling at Iron Point in Nevada

Mining News - Published on Mon, 07 Oct 2019

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Ethos Gold Corp announced results from its Phase 1 drill program at Iron Point, 22 miles east of Winnemucca, Nevada. While Iron Point has received considerable previous drilling to depths of up to approximately 300 m, mainly in strata belonging to the Upper Plate above the Roberts Mountain Thrust, this is the first program to test more favourable Lower Plate strata for Carlin-Type gold mineralization to depths of up to 700 m. The Phase 1 drilling focused on two primary areas along the 5 km north-south target area defined by strong gold, mercury, arsenic and antimony soil and rock geochemical anomalies coincident with the surface trace of a range front fault. The more southerly area, centered approximately 2 km north of Interstate 80, was tested by two deep vertical core holes (EG-1 and EG-5) collared approximately 700 m apart. The more northerly area, centered approximately 5 km north of Interstate 80, was tested with two deep angle RC holes (EG-3a and EG-3b) drilled at south-west and south east orientations off the same drill pad. Note that the spatial distribution of gold and other metals is unknown and therefore the drill intervals noted may not represent true widths.

South Target Area Highlights
The first deep drill hole at Iron Point in the South Target Area was successful in penetrating through the RMT at a depth of approximately 422 m and intersected a wide interval of highly altered LP stratigraphy with significant intervals of anomalous Au. Pathfinder elements including As, Sb, Hg and Tl also occur at elevated levels. Interestingly, a 17 m interval grading 101.4 g/t silver including 1.5 m grading 543.6 gram per tonne Ag occurs immediately above the RMT plane. Importantly, the bottom 6 m of this hole grades 0.17 g/t Au suggesting the system may be intensifying at depth. LP rocks display variable degrees of decalcification, sooty black sulfides, and silicification with bedding varying from near horizontal to near vertical, indicating a high degree of folding.

North Target Area Highlights
Drilling in the North Target Area also intersected significant intervals of anomalous gold in LP strata. Unlike the South Target Area, no UP rocks are present in the North Target Area. Holes were collared in LP Comus Formation.
Hole EG-3A, oriented southeasterly and inclined 60 degrees, encountered several intervals of strongly anomalous Au including 0.22 g/t from 17-26 m, 0.23 g/t from 96-107 m, 0.14 g/t from 114-130 m and 0.21 g/t from 236-251 m. Rocks display variable degrees of decalcification, sooty black sulfides, and silicification, and pathfinder elements are all highly elevated.
Hole EG-3B, oriented southwesterly and inclined 60 degrees, encountered LP rock displaying variable degrees of decalcification, sooty black sulfides, and silicification, and somewhat elevated Au values up to 0.10 g/t as well as pathfinder elements.
The strongly anomalous Au in hole EG-3A is interpreted to indicate that the system is gaining strength to the east or southeast from the drill pad.

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Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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