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Evolving Gold Corp

Publié le 24 février 2012

Evolving Gold Expands the Epithermal Gold

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Evolving Gold Expands the Epithermal Gold System at the Jake Creek Project, Nevada


VANCOUVER, Feb. 24, 2012 /CNW/ - Evolving Gold Corp. (TSX: EVG) (OTCQX: EVOGF) (FSE: EV7) (the "Company") is pleased to announce that the 2011 drill program at its 100% owned Jake Creek gold property in Nevada expanded the size of the gold system. Intersections included 39.6m of 0.873 g/t Au, and 19.8m of 0.676 g/t Au, including 1.5m of 3.1 g/t Au.

Summary of Results:

The 2011 Jake Creek reverse-circulation (RC) drilling program included 3,580.8 meters of drilling in eleven holes.  The eleven holes stepped outward to the west and east from drill hole JC-005, a 2010 drill hole that intersected 28.9m of 1.33 g/t gold and included a 1.5m interval of 11.3 g/t gold from 236.2 - 237.7 meters (release November 18, 2010).  Results of the eleven-hole program are as follows:

  • Drill-hole intersections include: 39.6m of 0.873 g/t gold in JC-002, 19.8m of 0.676 g/t gold in JC-006, 1.5m of 3.1 g/t gold within 16.7m of 0.605 g/t gold in JC-013.
  • Drilling successfully outlined an epithermal, volcanic-hosted gold system containing sub-horizontal and laterally extensive low-grade gold mineralization. Gold mineralization includes locally banded epithermal veins and gold in quartz-stockwork zones up to 11.3 g/t.
  • Drilling indicates that the gold system exceeds 550 meters wide east-west and remains open to the north, south and east.
  • JC-013, the most easterly drill hole, confirmed the presence of multiple zones of epithermal veins with banded quartz and sooty pyrite, as well as sulfidized basalt dikes.
  • Gold mineralization is hosted in bleached, clay altered and silicified tuff above Paleozoic siliciclastic rocks.  Gold-bearing zones contain elevated concentrations of arsenic, selenium, antimony, mercury and silver, typical of other well-documented epithermal, volcanic-hosted gold systems.

"We are excited to have identified another large, blind gold system in Nevada, between the large Twin Creeks and Getchell deposits to the west, and the Midas district to the east," says Steve Koehler, Chief Geologist for the Company. "We have just begun to explore this exciting system. The strong alteration, multiple zones of epithermal, banded quartz and sooty pyrite veins, along with extensive gold mineralization is all very encouraging in a system which remains wide open for expansion. We believe the Jake Creek gold target has great potential and look forward to further drilling on this project."

Jake Creek 2011 Drill Hole Results

Drill Hole TD
(ft)
Az / Inc Interval
(m)
Grade g/t
Au
Depth (m) Interval
(ft)
Grade
oz/t Au
Depth (ft)
JC-002* 1020 270/-60 39.6 0.873 256.1-295.7 120 0.027 850-970
JC-003* 1300 033/-60 1.5 0.393 309.4-310.9 5 0.011 1015-1020
JC-004 765 090/-60 4.6 0.319 227.1-231.7 15 0.009 745-760
JC-006* 1030 090/-60 19.8 0.676 221.0-240.8 65 0.020 725-790
      3.1 0.620 271.3-274.4 10 0.018 890-900
JC-007 800 090/-60 3.1 0.351 207.2-210.3 10 0.010 680-690
JC-008 1100 090/-60 12.2 0.412 250.0-262.2 40 0.012 820-860
      12.2 0.930 268.2-280.4 40 0.027 880-920
JC-009 1230 059/-65 1.5 0.373 185.9-187.4 5 0.011 610-615
JC-010 1200 100/-45 3.1 0.412 283.5-286.6 10 0.012 930-940
JC-011 880 095/-50 1.5 0.618 160.0-161.5 5 0.018 525-530
      7.6 0.550 181.4-189.0 25 0.016 595-620
JC-012 1040 065/-65 6.1 0.344 161.6-167.7 20 0.010 530-550
      6.1 0.371 172.3-178.4 20 0.011 565-585
JC-013 1380 090/-60 16.7 0.605 321.6-338.3 55 0.018 1055-1110
Includes     1.5 3.10 323.1-324.6 5 0.090 1060-1065
      1.5 0.351   5 0.010 1130-1135

*Holes released November 21, 2011.  Primary drill composites were calculated using a 0.300 g/t gold cutoff, with variable higher cutoffs for the sub-intervals. True thicknesses at this stage of exploration are not precisely known.

Evolving Gold's 2012 exploration plans include airborne geophysics, geologic mapping, geochemical sampling, and additional reverse circulation (RC) drilling.

Drill samples are 1.5 meters and were collected with a reverse-circulation drill.  Samples were shipped to SGS Minerals Services in Elko, Nevada for preparation and to SGS' lab in Toronto, Ontario for analysis.  Gold results were determined using standard fire assay techniques on 30-gram pulps with an ICP finish.  QA/QC included the insertion of standards, blanks and field duplicates on a regular basis.

In compliance with National Instrument 43-101, Company Chief Geologist, Steven R. Koehler, BSc Geology and CPG, is the Qualified Person responsible for the accuracy of this news release.

About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing 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
EVOLVING GOLD CORP.

"R. Bruce Duncan

R. Bruce Duncan
Director and CEO

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.

 



Image with caption: "Evolving Gold Corp. Jake Creek 2011 Drill Results (CNW Group/Evolving Gold Corporation)". Image available at: http://photos.newswire.ca/images/download/20120224_C7113_PHOTO_EN_10412.jpg

For further information:

Investor Relations:

Rory Quinn
Tel: 604.630.0792
TF: 866.604.3864
rory@evolvinggold.com

.

Evolving Gold Corp

EXPLORATEUR
CODE : EVG.TO
ISIN : CA30050D1078
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Evolving Gold est une société d’exploration minière d'or basée au Canada.

Evolving Gold détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont SLEEPER DISTRICT, ALPHA BUTTE, NORTH CARLIN DISTRICT, RATTLESNAKE HILLS, MALONE et JAKE CREEK en USA.

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Présentations des Compagnies de Evolving Gold Corp
29/05/2009Corporate presentation May 2009
01/09/2008Evolving Gold says gold’s future lies in western US
14/02/2008Evolving Gold asks: where does the Carlin go?
Rapports annuels de Evolving Gold Corp
2008 Annual report
Financements de Evolving Gold Corp
19/08/2013.: Non-Brokered Private Placement
21/01/2013Amends Terms of Warrants
Attributions d'options de Evolving Gold Corp
20/07/2011Enhances Investor Relations
Nominations de Evolving Gold Corp
07/10/2013Announces Election of Directors
09/06/2008Appoints New CFO
08/04/2008Appoints New President
25/09/2007Appoints William (Bill) Majcher as Director
Projets de Evolving Gold Corp
06/06/2012(Rattlesnake Hills).: Agnico Proposed Amendments and Termination of Rattlesnake...
23/01/2012(Rattlesnake Hills)Evolving Gold: Drilling Intersects High Grade Gold In New G...
27/06/2011(Rattlesnake Hills)Finalizes Joint Venture On the Rattlesnake Hills Gold Projec...
09/05/2011(Rattlesnake Hills)and Agnico-Eagle to Joint Venture Rattlesnake Hills Project ...
11/04/2011Acquires Ownership of Additional Common Shares of Prosperity...
06/01/2011(Rattlesnake Hills)Evolving Gold Drilling Expands the Antelope Basin Gold Zone
01/12/2010(Rattlesnake Hills)Evolving Gold Intersects 405.4 Meters at 1.31 gpt Gold at Ra...
13/01/2009(Rattlesnake Hills)EVG continues to expand the mineralized zone at Rattlesnake
10/01/2008(Malone)Continues Aggressive Drilling Programs on Nevada Gold Prospe...
09/09/2008Intersects 2.48 Grams/Tonne over 146 Meters at its Rattlesna...
21/01/2008(Rattlesnake Hills)Signs Agreements to Acquire 100% of the Rattlesnake Hills Go...
30/11/2007(Fisher Canyon)to Commence New Drilling Program at Fisher Canyon, Nevada
Communiqués de Presse de Evolving Gold Corp
25/10/2013Issues Options
30/09/2013Announces Corporate Update on Nevada Gold Properties
04/02/2013- Expands High Grade Gold at Carlin, Nevada
17/01/2013Continues Drilling Carlin Gold Property Carlin Gold Trend, N...
14/11/2012Intersects Additional High Grade at Carlin
04/09/2012Continues to Hit High Grade at Carlin: 17.2 Meters at 9.85 G...
13/08/2012Completes $3.6 Million Financing; Provides Corporate Update
11/07/2012Reports Multiple High Grade Intervals at Its Carlin Project,...
09/05/2012Evolving Gold Advances Multiple Drill Holes
03/04/2012Evolving Gold: 2012 Fully Funded $5M Nevada
24/02/2012Evolving Gold Expands the Epithermal Gold
23/08/2011s Three Active Drill Programs
20/07/2011Today's EVG News Release
20/06/2011Intersects 15.7 Meters at 5.08 gpt Gold Carlin Trend, Nevada
08/06/2011Intersects 14.7 Meters at 8.76 gpt Gold Carlin Trend, Nevada
14/03/2011. Appoints William Gee as CEO
30/07/2009EVG is one of the World's 100 Hottest Gold Stcck
29/07/2009EVG covered by Associated Press
14/05/2009EVG in the press
13/02/2009EVG Increases Grades at Rattlesnake
17/12/2008EVG Expands the size of the Gold System at Rattlesnake
06/11/2008EVG Graduates to Tier 1 on the TSX-V
03/09/2008EVG Annual Financial Statements
29/08/2008: Annual General Meeting September 30, 2008
04/03/2008Reports on Exploration Progress in SW United States Gold Pro...
29/02/2008Updates Drilling Progress at its Sheep Creeks Project near t...
05/12/2007Signs Agreement with Newmont Mining Corporation
08/11/2007Signs Third Nevada Drill Contract; Drilling Initiated on Nev...
24/10/2007 Signs Second Drill Contract for Nevada Drilling
17/10/2007 Retains Investor Relations Firm
02/10/2007Signs Letter of Intent with Newmont Mining Corporation to En...
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