Categories: Precious Metals
Topics: General Precious Metals

Ethos Capital added to the 2011 Yukon Watch List by HRA Advisories

Aug. 31, 2011

David Coffin and Eric Coffin, editors of the Hard Rock Analyst publications, recently added Ethos Capital to their 2011 Yukon Watch List.  HRA has become synonymous with the Yukon Gold Rush, having followed Underworld Resources and Kaminak Gold since early 2009.  In April 2010, HRA reaffirmed its buy rating on Kaminak and added a Watch List of four companies the Coffin brothers thought had the best chance to make new discoveries last year.  Three of those companies DID make discoveries and were added to HRA’s regular list of companies, which it formally follows for subscribers.  The average gain to date for those three companies is 255% (which does not include Kaminak, itself up close to 1000%) so it’s easy to understand that readers have been clamoring for a 2011 list.  As an introduction to this year’s list, reproduced below, HRA explains why they waited until now because of general market weakness and a late start to the 2011 season.  The 2011 list is out now however, and Ethos is featured.  Please read on to see the HRA comments on ECC which are reprinted with permission.

Exploration Watch List   (From the August 2011, HRA Journal)

What follows are thumbnails of a few early phase companies that look like contenders. The late start this year and slow lab turnaround means target definition is behind schedule.  Players will have to choose between a small drill program this year or waiting for a full program next year.

Choosing to not drill mightn’t sit well with the market in some cases even if it’s the right decision.  That’s why we are still focusing on a watch list.  Some of the companies that follow may come up with a good surprise in the short run, though in most cases there simply is not enough hard data to differentiate projects yet.  That should change some as surface results (and hopefully some drill results) arrive through the balance of the year. There may be additions or deletions to this list as that happens.

We’ll start with four companies working in White Gold.  In keeping with David’s general comments on the play, all are focusing on structures. 

White Gold (Dawson) Region:

Ethos Capital (ECC-V)

Ethos Capital joined the Yukon rush last winter with options on several very large claim blocks in the White Gold camp from Shawn Ryan.  The most interesting lie east of Kaminak’s Coffee project plus one west of the Kinross JP Ross claim block.   Ethos’ CEO is Gary Freeman, who was CEO of Pediment Gold before its takeover by Argonaut Gold, and Peter Tallman is the COO and running the field side of the company.  Ethos is executing an aggressive grassroots program to generate drill targets.  ECC already sports a market value in the $45 million range, but as of July has $19 million cash on hand.  Even after this year’s program its unlikely Ethos would have to go back to market until after the 2012 season even with a large program.

This year’s most interesting results are from the Betty property immediately to the east of Kaminak’s Coffee.  Its Mascot Creek soil anomaly near the Coffee fault includes some quite high gold results from ridge/spur and contour recon sampling in a 5 x 3 km area.

This is from a program of 20,000 soil and rock samples in the White region.  The company is still waiting on several other sets of samples from Betty and plans to trench the stronger parts of the target to help generate drill targets, but whether drilling happens this year is an open question. While the sample spacing is still quite broad, these results rival the early going at Coffee next door.  Trenching should aid structural interpretation, and hopefully generate interest.  Even if they don’t drill you should have this stock on your screen.   They could still confirm the Coffee trend as a major regional control to gold deposits this year.  In addition to its technical merits, ECC management has very strong market abilities and doesn’t need to finance. We’d like to see follow up results and wait for a drilling decision but this is one of the strongest contenders in the region.

http://wwww.ethoscapitalcorp.com

HRA has been following resource stocks since 1995.  With over 50 years of hands-on experience in the mining and exploration business and unrivalled access to companies in the sector, HRA’s editors have become famous for telling its subscribers about new companies in the sector before they are news.  Want to know what else HRA is following in the exciting Yukon play, and know first, when they add a new company or change their outlook? HRA is offering a strictly time limited offer to subscribe to the HRA Special Delivery, their highest level Alert service, with savings of $600!  Follow the link below to receive $600 off in annual savings, available for the next 7 days only.

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