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VANCOUVER, Jan. 6 - Evolving Gold Corp. (TSX:
EVG) (FSE: EV7) (the "Company") is pleased to announce additional
assay results from Antelope Basin in the 2010 core drilling program at the
Rattlesnake Hills project in central Wyoming. The infill
and step-out drill program at the Antelope Basin gold zone continued to
intersect long intervals of gold mineralization, confirming and expanding
the gold zone.
Summary of Results:
- The
2010 drilling at Antelope Basin, the smaller of the two main gold
zones on the Rattlesnake project, was designed to step-out and infill
identified gold mineralization. All five drill holes intersected
multiple intervals of gold mineralization. Much of the gold mineralization
is shallow and oxidized.
- Drill
Hole RSC-153 intersected 102.1 meters grading 1.72 grams per tonne gold (335 feet at 0.050 opt Au), including a
high grade interval of 9.1 meters grading 7.06 grams per tonne gold (30 feet at 0.206 opt Au).
"The new
drill results include our highest assay to date from Antelope Basin. Hole RSC-153 intersected 1.5 meters at 25.6 grams per tonne within a 9.1 meter interval grading 7.06 gpt. All of this lies within a remarkably consistent
envelope of moderate grade gold mineralization," says Quinton Hennigh, President and Chief Geologist of
Evolving Gold. "In addition to providing infill details, these
results have expanded the gold zone and indicate it is open for further
expansion."
Mineralized Intervals, Antelope Basin
Zone
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Drill Hole
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From
(meters)
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To
(meters)
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Interval
(meters)
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Gold
grams/tonne
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Length
(feet)
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Gold
ounces/ton
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RSC-147
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176.8
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260.6
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83.8
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0.74
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275
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0.022
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Includes
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228.6
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237.7
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9.1
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2.99
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30
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0.087
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RSC-150
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71.6
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120.4
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48.8
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0.32
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160
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0.009
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135.6
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170.7
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35.1
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0.47
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115
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0.014
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182.9
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214.9
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32.0
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1.14
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105
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0.033
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RSC-153
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1.5
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33.5
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32.0
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0.31
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105
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0.009
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91.4
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193.5
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102.1
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1.72
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335
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0.050
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Includes
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147.8
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184.4
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36.6
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3.38
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200
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0.099
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Includes
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147.8
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156.9
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9.1
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7.06
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30
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0.206
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167.6
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175.2
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7.6
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3.99
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25
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0.116
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RSC-155
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7.6
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27.4
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19.8
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0.50
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65
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0.015
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112.8
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193.6
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80.8
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0.95
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265
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0.028
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Includes
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138.7
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185.9
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47.2
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1.34
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155
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0.039
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RSC-156
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0
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61.0
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61.0
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0.32
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200
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0.009
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99.1
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164.6
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65.5
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0.69
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215
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0.020
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Includes
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128.0
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135.6
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7.6
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2.01
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25
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0.059
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155.5
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164.6
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9.1
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2.46
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30
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0.072
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The Company
completed a total of 63 core holes in 2010, for a total of approximately
25,600 meters (84,000 ft) of drilling. Final assays results are pending for
the last seven drill holes, all of which are from the North Stock gold
zone.
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 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
FORWARD 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, except as required by law. We seek safe harbour.
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