Evolving Gold Expands Gold Zones at Rattlesnake Hills
Published : December 19, 2012

Rock Chips of 3.97, 5.17, and 7.45 Gpt Au at Bald Mtn Target

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Keywords :   Canada | Gold | Gold Discovery | Gold Mines | Market | Report |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2012) - Evolving Gold Corp. (News - Market indicators) (FRANKFURT:EV7) (OTCQX:EVOGF)  (the "Company") provides an update on its 100% owned Rattlesnake Hills gold project in central Wyoming. Drilling completed by joint venture partner, Agnico Eagle, identified additional gold mineralization and intersected new high grade gold at the South Stock target. Also, surface work has identified eight new, untested gold targets. Follow up prospecting and surface sampling by Evolving Gold have identified high gold values in two new target areas, including rock chip samples of 1.97, 3.97, 5.17 and 7.45 grams per tonne gold. An updated NI 43-101 technical report has been completed and has been filed on SEDAR.

Drilling by former joint venture partner Agnico Eagle:

  • Expanded gold mineralization at the North Stock target.
  • Identified additional gold mineralization in the Middle Zone between North Stock and Antelope Basin.
  • Intersected highly altered porphyry in the Middle Zone and south of Northeast Stock.
  • Intersected high grade gold mineralization at the South Stock target.

Agnico Eagle also collected 371 surface rock chip samples and 4,175 surface soil samples, covering approximately half of the large Rattlesnake Hills property, and completed an airborne magnetic and radiometric survey across much of the Rattlesnake Hills and northern Granite Mountains.

  • Surface sampling has identified eight new, untested gold and arsenic anomalies.
  • The airborne geophysical program has identified numerous new target areas awaiting geological mapping and surface sampling follow up.

Prospecting and rock chip sampling by Evolving Gold at the Black Jack target, west of the main drilling area, and at the Bald Mountain target northwest of North Stock, identified strong surface gold mineralization in rock chip samples. High values include 1.97 grams per tonne gold at Black Jack, and 3.97, 5.17 and 7.45 grams per tonne gold at Bald Mountain. These gold values from rock chip samples at Bald Mountain are the highest gold values recorded from any surface sampling at Rattlesnake Hills. At Black Jack the gold is associated with strong potassic alteration and occurs as both disseminated and stockwork vein mineralization. At Bald Mountain, the gold is tied to Tertiary breccias and associated faulting with the target partially covered by late, post mineral alluvium. The Company plans to drill test both targets. At this early stage of exploration the true width and full extent of the sampled gold mineralization are not well understood.

R. Bruce Duncan, CEO of Evolving Gold states: "Evolving Gold recently regained 100% ownership of the Rattlesnake Hills project. This newly completed work has greatly expanded the number of gold exploration targets on the property, and recent prospecting and rock chip sampling have identified high gold grades on the surface in new and untested targets. These new targets have the earmarks to greatly expand the gold potential of this very large, alkalic gold system, well beyond what we have already identified by our drill programs." R. Bruce Duncan continues, "We are planning to drill these new gold targets, and also complete additional drilling with the objective of expanding the known gold zones at North Stock and Antelope Basin. We will move toward an initial resource calculation, when appropriate, on the North Stock and Antelope Basin zones. The Company is continuing to evaluate potential strategic partnerships and joint venture opportunities for the Rattlesnake Hills project."

The Rattlesnake Hills project is an alkalic gold system with multiple mineralized centers and potential to host a multi-million ounce gold resource. To date the Company and its former joint venture partner have completed over 76,000 meters of drilling in 228 drill holes as a partial test of this large, district scale hydrothermal gold system.

Rattlesnake Project Page: http://www.evolvinggold.com/s/Rattlesnake_Hills.asp

In other news, drilling on the Company's Carlin gold project in Nevada is continuing. The Company's holdings at Carlin and Humboldt are adjacent to the Rain Mine and Saddle Project holdings by Premier Gold Mines Ltd. and various operating mines of Newmont Mining Corp. The current drill hole, CAR-021.2, is part of a program to focus on defining high grade gold mineralization along the crest of the "Arch Zone", which has a strike length of at least 700 meters. The Arch Zone of high grade gold mineralization is completely open along strike. Gold intercepts, as previously reported, include 87 meters averaging 6.06 grams per tonne, which included six high grade intervals with grades as high as of 57.9 grams per tonne gold. The six high grade intervals have an aggregate thickness of 31.6 meters and average 15.85 grams per tonne gold.

Assays for rock chip samples were completed by SGS Inc, Vancouver, Canada using a 30 gram charge for a fire assay, with an ICP finish. In compliance with National Instrument 43-101, Dr. Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

About Evolving Gold Corp.

Evolving Gold is focused on exploration and development of its gold properties in and adjacent to the productive Carlin Trend of northern Nevada, and its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: www.evolvinggold.com.

On Behalf of the Board of Directors


R. Bruce Duncan, President, CEO and Director

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Evolving Gold Corp.
R. Bruce Duncan
President, CEO and Director
604.685.6375 or Toll Free: 866.604.3864
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Evolving Gold Corp

ISIN : CA30050D1078
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Evolving Gold is an exploration gold company based in Canada.

Evolving Gold holds various exploration projects in USA.


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Corporate Presentations of Evolving Gold Corp
5/29/2009Corporate presentation May 2009
9/1/2008Evolving Gold says gold’s future lies in western US
2/14/2008Evolving Gold asks: where does the Carlin go?
Annual reports of Evolving Gold Corp
2008 Annual report
Financings of Evolving Gold Corp
8/19/2013.: Non-Brokered Private Placement
1/21/2013Amends Terms of Warrants
Option Grants of Evolving Gold Corp
7/20/2011Enhances Investor Relations
Nominations of Evolving Gold Corp
10/7/2013Announces Election of Directors
6/9/2008Appoints New CFO
4/8/2008Appoints New President
9/25/2007Appoints William (Bill) Majcher as Director
Project news of Evolving Gold Corp
6/6/2012(Rattlesnake Hills).: Agnico Proposed Amendments and Termination of Rattlesnake...
1/23/2012(Rattlesnake Hills)Evolving Gold: Drilling Intersects High Grade Gold In New G...
6/27/2011(Rattlesnake Hills)Finalizes Joint Venture On the Rattlesnake Hills Gold Projec...
5/9/2011(Rattlesnake Hills)and Agnico-Eagle to Joint Venture Rattlesnake Hills Project ...
4/11/2011Acquires Ownership of Additional Common Shares of Prosperity...
1/6/2011(Rattlesnake Hills)Evolving Gold Drilling Expands the Antelope Basin Gold Zone
12/16/2010Evolving Gold Intersects 251 meters at 1.5 gpt Gold at Rattl...
12/1/2010(Rattlesnake Hills)Evolving Gold Intersects 405.4 Meters at 1.31 gpt Gold at Ra...
11/18/2010(Jake Creek)Evolving Gold Discovers Gold Mineralization at Jake Creek in...
1/13/2009(Rattlesnake Hills)EVG continues to expand the mineralized zone at Rattlesnake
1/10/2008(Malone)Continues Aggressive Drilling Programs on Nevada Gold Prospe...
9/9/2008Intersects 2.48 Grams/Tonne over 146 Meters at its Rattlesna...
1/21/2008(Rattlesnake Hills)Signs Agreements to Acquire 100% of the Rattlesnake Hills Go...
11/30/2007(Fisher Canyon)to Commence New Drilling Program at Fisher Canyon, Nevada
Corporate news of Evolving Gold Corp
10/25/2013Issues Options
9/30/2013Announces Corporate Update on Nevada Gold Properties
2/4/2013- Expands High Grade Gold at Carlin, Nevada
1/17/2013Continues Drilling Carlin Gold Property Carlin Gold Trend, N...
12/31/2012Issues 5,555,555 Shares to Pinetree Capital Ltd.
12/19/2012(Rattlesnake Hills)Expands Gold Zones at Rattlesnake Hills
11/26/2012Continues Drilling at Carlin, Nevada
11/14/2012Intersects Additional High Grade at Carlin
9/4/2012Continues to Hit High Grade at Carlin: 17.2 Meters at 9.85 G...
8/13/2012Completes $3.6 Million Financing; Provides Corporate Update
7/11/2012Reports Multiple High Grade Intervals at Its Carlin Project,...
5/9/2012Evolving Gold Advances Multiple Drill Holes
4/3/2012Evolving Gold: 2012 Fully Funded $5M Nevada
2/24/2012Evolving Gold Expands the Epithermal Gold
8/23/2011s Three Active Drill Programs
7/20/2011Today's EVG News Release
6/20/2011Intersects 15.7 Meters at 5.08 gpt Gold Carlin Trend, Nevada
6/8/2011Intersects 14.7 Meters at 8.76 gpt Gold Carlin Trend, Nevada
3/14/2011. Appoints William Gee as CEO
12/7/2010Commences Trading on the Toronto Stock Exchange
11/15/2010The Toronto Stock Exchange (TSX) Conditionally Approves List...
7/30/2009EVG is one of the World's 100 Hottest Gold Stcck
7/29/2009EVG covered by Associated Press
5/14/2009EVG in the press
2/13/2009EVG Increases Grades at Rattlesnake
12/17/2008EVG Expands the size of the Gold System at Rattlesnake
11/6/2008EVG Graduates to Tier 1 on the TSX-V
9/3/2008EVG Annual Financial Statements
8/29/2008: Annual General Meeting September 30, 2008
3/4/2008Reports on Exploration Progress in SW United States Gold Pro...
2/29/2008Updates Drilling Progress at its Sheep Creeks Project near t...
12/5/2007Signs Agreement with Newmont Mining Corporation
11/8/2007Signs Third Nevada Drill Contract; Drilling Initiated on Nev...
10/24/2007 Signs Second Drill Contract for Nevada Drilling
10/17/2007 Retains Investor Relations Firm
10/2/2007Signs Letter of Intent with Newmont Mining Corporation to En...
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