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Ethos Gold (TSX-V: ECC)(OTC: ETHOF) CEO Alex Heath on Exploring Multiple District Scale Gold Projects
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President of Ethos Gold, Mr. Alex Heath. Alex, we are overdue for an update. How are you, sir?
Alex Heath: Oh, I'm doing great. How are you?
Gerardo Del Real: I am fantastic. Thank you so much for asking. There has been a lot going on. I want to start with the Toogood Project actually. You sampled back in August 7,877 grams per tonne gold in a new high-grade surface trend at the Toogood Project. How are things coming along there? And then we can get into Perk-Rocky and Schefferville as well as anything else you want to get into because again, it has been a few months.
Alex Heath: Absolutely. Yeah. So, that was pretty exciting news that we had there. Almost eight kilos per tonne. It's a grab sample, but at least it's very, very encouraging for what we're looking at. It's in a different area, about 200 meters away from where we had the initial discoveries of 200 and 500 grams per tonne. So very encouraging. We're continuing to do more mapping and sampling and we've started trenching. So we're going to get a better sense of what we're into here, but it's very exciting times.
Gerardo Del Real: Well, you've appointed Jodie Gibson as a Technical Advisor on the Toogood Project specifically. Jodie obviously a ton of experience. Can we talk about that here just a bit?
Alex Heath: Yeah, absolutely. So his experience, he's got over 15 years of exploration experience, mostly in the Yukon. He was actually last year awarded the Yukon Explorer of the Year. So, very great to have him on our team. But he was part of Underworld which sold to Kinross in 2010 for $139 million. And the systems that we see in Toogood in Newfoundland are very similar to those in the Yukon. So having a guy like Jodie with his experience just gives me comfort that we've got the right set of eyes looking at this so we don't miss anything.
Gerardo Del Real: You spent the bulk of the past several years putting together these district scale copper and gold projects, right? And now we're at that stage where I think it's an inflection point. You're actually exploring. You are doing surface work. You're drilling. Can we talk Perk-Rocky? Can we talk Schefferville and then talk what comes next?
Alex Heath: Yeah. Absolutely. So Perk-Rocky, we put out the results for the first ever drill program there. That was a six-hole program, 2,000 meters of drilling. We found some very interesting argillic units there. It's a lot of smoke. It's not a home run. It's still some of the early days first drill program. So we're going to readjust our model and start looking at phase two for 2022.
And in Schefferville, yeah, again, this is a massive district opportunity, over 380 square kilometers of land. So we've just gotten in there from June, July. We flew some LiDAR and some airborne mag and we've defined 44 targets. We've got 53 gold showings between one gram and 171 and a half grams per tonne. So very interesting. It's an iron hosted formation. We announced that we're going to immediately jump into the phase two program and then looking at doing some drilling in 2022.
Gerardo Del Real: A lot to look forward to. Anything else to add to that, Alex?
Alex Heath: No. I'll just say that we also announced that we closed the deal with Nevada King. So our balance sheet is looking very strong. We've got eight and a half million dollars of working capital. So we're in a great position to get drilling and advancing all our projects.
Gerardo Del Real: Well, I'm looking forward to the drill bits turning. Looking forward to the many, many projects that you've been able to bring into the company here in the past several years. Congratulations on that front. I know we have tax-loss selling season and people tend to front run that. I think this recent pullback in the share price is probably a healthy, healthy entry point for those that don't have exposure to Ethos yet.
Alex Heath: Yeah. Looks like there's going to be a few stocks on sale. Keep your eyes peeled.
Gerardo Del Real: That's when the money is made. That's when the money is made. Thanks a lot, Alex. Appreciate it.
Alex Heath: Yeah. Thanks a lot. Cheers.Click here to see more from Ethos Gold Corp.