We look forward to further news from Ethos.'Įthos can earn a 50% interest in all precious metal rights at Iron Point by spending a minimum of $5.0 million over three years, with minimum expenditures of $1.0 million in the first year. The promising stratigraphy, structure and anomalous gold results has motivated Ethos to consider and plan a Phase II drilling program.
The program represented the first known deep drilling at Iron Point, and was designed to target lower plate stratigraphy and look for the presence of Carlin style gold mineralization.įor full information on results and interpretation of the drilling, please refer to Ethos' news release dated October 2, 2019.Ĭollin Kettell, Chief Executive Officer of Victory, stated: 'We are very pleased to see the successful completion of the Phase I deep drilling by Ethos Gold, our joint venture partner.
2, 2019 /CNW/ - Victory Metals (' TSX-V:VMX') (' Victory' or the ' Company') is pleased to announce that its joint venture partner, Ethos Gold, has completed its Phase I deep drill program at Iron Point, Nevada.
