Includes
50.3 Meters at 5.87 gpt Gold
VANCOUVER - Evolving Gold Corp. (TSXV: EVG)
(FSE: EV7) (the "Company") is pleased to announce additional
assay results from the 2010 core drilling program at its Rattlesnake Hills
project in central Wyoming. Drill hole RSC-135, part of an infill drilling
program at the North Stock gold zone, intersected 405.4 meters at 1.31 gpt Au, including 50.3 meters at 5.87 gpt Au, and 7.6 meters at 21..82 gpt
Au.
Summary of Results:
- Drill
hole RSC-135 intersected 405.4 meters at 1.31
gpt Au (1,330 ft at 0.038 opt Au), including
50.3 meters at 5.87 gpt Au (165 ft at 0.171
opt Au) and also including 7.6 meters at 21.82 gpt
Au (25 ft at 0.637 opt Au).
- Drill
hole RSC-132 intersected 334.7 meters at 1.12
gpt Au (1,098 ft at 0.033 opt Au), including
93.0 meters at 2.68 gpt Au (305 ft at 0.078
opt Au) and also including 18.3 meters at 5.17 gpt
Au (60 ft at 0.151 opt Au).
Near vertical
drill holes, RSC-132 and RSC-135 were drilled from a location near the top
of North Stock Hill, and were drilled to the south to test the vertical
continuity and extent of the central portion of the North Stock gold zone.
Both holes intersected continuous gold mineralization beginning at shallow
depths and extending to vertical depths in excess of 300 meters. Oxidation
in these drill holes persists from the surface to vertical depths of
approximately 150 meters and extends deeper along mineralized structures.
"Drill holes
RSC-132 and RSC-135 both collared on a new drill pad constructed near the
top of North Stock Hill, near the center of the diatreme
breccia," comments Quinton Hennigh, President and Chief Geologist for Evolving
Gold Corp. "Both holes demonstrate continuity of mineralization to
depths of over 300 meters, and it is particularly encouraging to see
mineralization starting within a few meters of the surface. We are also
particularly pleased to see the depth of oxidation in these drill holes,
which persists to depths that include the very high grade interval in drill
hole RSC-135."
Infill drilling
at North Stock and at Antelope Basin in 2010 was designed to improve
delineation of the high grade gold mineralization within the larger volume
of more modest grade gold values. The results of this drilling at North
Stock have started to define a network of anastomozing,
northeast-trending, steeply dipping high grade structures within the core
of the North Stock gold zone. To date, drilling indicates a total strike
length of this high grade zone of gold veins of approximately 300 meters.
The most shallow intersection of the high grade
zone is at about 79 meters, and the deepest is at nearly 400 meters below
surface. All of the high grade veins appear to be within a corridor
approximately 70 meters wide that forms the high grade core to the North
Stock gold zone.
"Until
recently our drilling was too widely spaced to adequately evaluate the
higher grade gold mineralization at North Stock," states Quinton Hennigh. "With the completion of our 2010 drilling
program, we now have intersections across most of the North Stock gold zone
at 50 meter spacing. As a result, we are starting to see that some of the
high grade intersections in the early drill holes appear to tie together
with the more recent intersections. We therefore believe that we will be
able to do a much better job of modeling these high grade structures once
we have all the assay results from our 2010 program."
The Company
completed a total of 63 core holes in 2010, for a total of approximately
25,600 meters (84,000 ft) of drilling. Assays are still pending for 21
drill holes. Of the remaining holes, fourteen are infill and step-out drill
holes at North Stock, and five are infill and step-out drill holes at
Antelope Basin. One hole tested a new mineralized zone between North Stock
and Antelope Basin, which was discovered earlier in 2010, and one hole
tested the deep porphyry target.
Mineralized
Intervals, North Stock Zone
Drill
Hole
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Gold
grams/tonne
|
|
Length
(feet)
|
Gold
ounces/ton
|
RSC-132
|
6.1
|
340.8
|
334.7
|
1.12
|
|
1,098
|
0.033
|
Includes
|
117.3
|
210.3
|
93.0
|
2.68
|
|
305
|
0.078
|
Includes
|
192.0
|
210.3
|
18.3
|
5.17
|
|
60
|
0.151
|
RSC-133
|
62.6
|
152.4
|
89.9
|
0.77
|
|
295
|
0.022
|
Includes
|
100.6
|
147.9
|
47.3
|
1.16
|
|
155
|
0.034
|
|
201.2
|
260.6
|
59.4
|
0.42
|
|
195
|
0.012
|
Includes
|
210.3
|
225.5
|
15.2
|
1.08
|
|
50
|
0.032
|
RSC-134
|
24.4
|
38.1
|
13.7
|
0.41
|
|
45
|
0.012
|
|
86.9
|
100.6
|
13.7
|
0.91
|
|
45
|
0.027
|
|
208.8
|
330.7
|
121.9
|
1.00
|
|
400
|
0.029
|
Includes
|
277.4
|
291.1
|
13.7
|
4.06
|
|
45
|
0.119
|
RSC-135
|
4.6
|
410.0
|
405.4
|
1.31
|
|
1,330
|
0.038
|
Includes
|
4.6
|
272.8
|
268.2
|
1.80
|
|
880
|
0.053
|
Includes
|
102.1
|
152.4
|
50.3
|
5.87
|
|
165
|
0.171
|
Includes
|
115.8
|
120.4
|
4.6
|
10.43
|
|
15
|
0.305
|
Includes
|
144.8
|
152.4
|
7.6
|
21.82
|
|
25
|
0.637
|
Includes
|
167.6
|
192.0
|
24.4
|
2.87
|
|
80
|
0.084
|
Includes
|
210.3
|
221.0
|
10.7
|
2.98
|
|
35
|
0.087
|
Drill holes
RSC-133 and RSC-134 targeted deeper portions of the west end of the North
Stock gold zone. RSC-133 was drilled in a northerly direction from south of
the southern contact of the diatreme. RSC-134 was
drilled in a southwesterly direction across the core of the diatreme from the north side of North Stock Hill.
Summary of High
Grade Intervals, North Stock Gold Zone:
The following table provides a summary of higher grade gold intersections
from the Company's drilling programs in 2008, 2009, and those identified to
date in the 2010 drilling program.
Summary of High
Grade Intervals, North Stock Zone
Drill Hole
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Gold
grams/tonne
|
|
Length
(feet)
|
Gold
ounces/ton
|
RSC-003*
|
211.8
|
239.2
|
27.4
|
5.98
|
|
90
|
0.175
|
Includes
|
233.2
|
238.4
|
5.2
|
15.15
|
|
17
|
0.442
|
|
243.8
|
257.8
|
14.0
|
8.15
|
|
46
|
0.238
|
|
249.9
|
257.8
|
7.9
|
13.95
|
|
26
|
0.407
|
RSC-006*
|
173.7
|
178.3
|
4.6
|
8.87
|
|
15
|
0.259
|
RSC-007*
|
160.0
|
169.2
|
9.2
|
8.11
|
|
30
|
0.237
|
|
189.0
|
195.1
|
6.1
|
7.56
|
|
20
|
0.221
|
RSC-020*
|
121.9
|
189.0
|
67.1
|
10.80
|
|
220
|
0.315
|
Includes
|
132.6
|
137.2
|
4.6
|
15.59
|
|
15
|
0.455
|
Includes
|
152.4
|
189.0
|
36.6
|
16.83
|
|
120
|
0.491
|
Includes
|
160.0
|
172.2
|
12.2
|
39.29
|
|
40
|
1.147
|
SC-022*
|
176.8
|
179.8
|
3.0
|
6.03
|
|
10
|
0.176
|
RSC-026*
|
138.7
|
161.5
|
22.8
|
4.78
|
|
75
|
0.140
|
Includes
|
147.8
|
161.5
|
13.7
|
7.59
|
|
45
|
0.222
|
RSC-039*
|
70.1
|
106.7
|
36.6
|
4.11
|
|
120
|
0.120
|
Includes
|
102.1
|
106.7
|
4.6
|
10.58
|
|
15
|
0.309
|
|
163.1
|
172.2
|
9.1
|
4.11
|
|
30
|
0.120
|
RSC-041*
|
192.0
|
199.6
|
7.6
|
16.41
|
|
25
|
0.479
|
RSC-043*
|
190.5
|
195.4
|
4.9
|
10.18
|
|
16
|
0.297
|
RSC-046*
|
411.5
|
414.5
|
3.0
|
13.23
|
|
10
|
0.386
|
RSC-053*
|
306.4
|
309.4
|
3.0
|
7.64
|
|
10
|
0.223
|
RSC-056*
|
190.5
|
199.6
|
9.1
|
4.25
|
|
30
|
0.124
|
RSC-070*
|
205.8
|
214.9
|
9.1
|
6.42
|
|
30
|
0.187
|
RSC-077*
|
176.8
|
190.5
|
13.7
|
6.66
|
|
45
|
0.194
|
RSC-089*
|
217.9
|
234.7
|
16.8
|
10.31
|
|
55
|
0.301
|
Includes
|
225.5
|
230.1
|
4.6
|
26.16
|
|
15
|
0.764
|
|
280.4
|
283.4
|
3.0
|
18.00
|
|
10
|
0.526
|
RSC-090*
|
158.5
|
192.0
|
33.5
|
4.09
|
|
110
|
0.119
|
Includes
|
158.5
|
170.7
|
12.2
|
8.25
|
|
40
|
0.241
|
|
243.8
|
256.0
|
12.2
|
4.34
|
|
40
|
0.127
|
RSC-093*
|
141.7
|
161.5
|
19.8
|
8.06
|
|
65
|
0.235
|
Includes
|
149.3
|
155.4
|
6.1
|
16.97
|
|
20
|
0.496
|
RSC-101*
|
410.0
|
414.5
|
4.5
|
6.96
|
|
15
|
0.203
|
RSC-111*
|
403.9
|
406.9
|
3.0
|
4.74
|
|
10
|
0.138
|
RSC-122*
|
166.1
|
175.3
|
9.2
|
5.39
|
|
30
|
0.157
|
|
195.1
|
202.7
|
7.6
|
4.63
|
|
25
|
0.135
|
RSC-126*
|
172.2
|
179.8
|
7.6
|
7.29
|
|
25
|
0.213
|
|
222.5
|
248.4
|
25.9
|
5.70
|
|
85
|
0.166
|
Includes
|
224.0
|
227.9
|
3.9
|
18.77
|
|
13
|
0.548
|
RSC-128*
|
172.2
|
178.3
|
6.1
|
4.87
|
|
20
|
0.142
|
|
347.5
|
350.5
|
3.0
|
4.15
|
|
10
|
0.121
|
RSC-130*
|
137.1
|
147.8
|
10.7
|
5.89
|
|
35
|
0.172
|
RSC-132
|
192.0
|
210.3
|
18.3
|
5.17
|
|
60
|
0.151
|
RSC-135
|
102.1
|
152.4
|
50.3
|
5.87
|
|
165
|
0.171
|
Includes
|
115.8
|
120.4
|
4.6
|
10.43
|
|
15
|
0.305
|
Includes
|
144.8
|
152.4
|
7.6
|
21.82
|
|
25
|
0.637
|
(*)
Denotes previously reported intersections.
All drill hole
averages are weighted averages, weighting each assay interval according to
the core length for that assay interval. All assay intervals are included
in the average, with no bottom cut-off. True widths of mineralization in
these drill holes, at this stage of exploration, are not precisely known.
Gold assays were completed by SGS Canada Inc. in Toronto, using a 30 gram
charge, fire assay, with an ICP finish.
About Evolving
Gold Corp.
Evolving Gold is
focused on exploring its significant gold discovery at Rattlesnake Hills,
Wyoming, an alkalic gold system, similar to the
Cripple Creek gold district in Colorado, and on four gold properties in and
adjacent to the productive Carlin district of northern Nevada, two of which
are 100% controlled by Evolving Gold. In compliance with National
Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo.,
is the Qualified Person responsible for the accuracy of this news release.
For more
information about Evolving Gold please visit: www.evolvinggold.com. To
receive regular updates or to receive a follow-up call from Investor
Relations please sign up at: http://evolvinggold.com/sign-up.php.
On Behalf of the
Board of Directors
EVOLVING GOLD CORP.
"Robert
Barker"
Robert Barker
CEO and Director
iFORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which
address future events and conditions, which are subject to various risks
and uncertainties.. The Company's actual results and financial position
could differ materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be beyond the
Company's control. These factors include: results of exploration activities
and development of mineral properties, fluctuations in the marketplace for
the sale of minerals, the inability to implement corporate strategies, the
ability to obtain financing, currency fluctuations, general market and
industry conditions and other risks disclosed in the Company's filings with
Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as
such, undue reliance should not be placed on forward-looking statements.
The Company expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
|