Ethos Gold (ECC) has sampled 7,877 g/t Au in a new high-grade surface trend at the Toogood Project in Newfoundland.
The result stems from four bonanza-grade weathered sub-crop grab samples 420 m ENE of the trend from the company's first pass exploration program on the property.
The samples are angular, loose, weathered, palm-sized quartz vein material interpreted to be close to the source and covering an area of 40 m x 10 m.
The remaining three samples graded 1,276, 1,113 and 226 g/t Au.
Initial mapping and prospecting suggest mineralization may be locally associated with quartz veins occurring along NNE trending faults within sedimentary host rocks. Visible gold occurs in outcrops of quartz vein stockwork within a strong sericite silica pyrite altered felsic (tonalite) dike that intruded a dextral strike-slip structure.
Ethos will follow up high-grade sampling with localized outcrop stripping, trenching and soil sampling, in addition to continued prospecting and mapping property-wide.
The Toogood Project lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland. The Exploits Subzone hosts most of the significant gold deposits in the province.
Alex Heath, Ethos' President and CEO, commented,
"These additional bonanza high-grade gold results from our initial sampling program continue to add significant discovery potential at Toogood and we are excited to continue exploring untested areas."
Ethos Gold is focused on district-scale projects with large-scale discovery potential in British Columbia, Ontario, Quebec and Newfoundland.
Ethos Gold (ECC) is up by 2.33 per cent and is currently trading at $0.44 per share as of 9:30 am ET.