15:05:25 EDT Sat 24 Oct 2026
Enter Symbol
or Name
USA
CA



Evolving Gold Corp
Symbol EVG
Shares Issued 128,580,445
Close 2011-06-07 C$ 0.67
Market Cap C$ 86,148,898
Recent Sedar+ Documents

Evolving Gold drills 14.7 m of 8.76 g/t Au at Carlin

2011-06-08 09:45 ET - News Release

Mr. William Gee reports

EVOLVING GOLD INTERSECTS 14.7 METERS AT 8.76 GPT GOLD CARLIN TREND, NEVADA

Evolving Gold Corp.'s wedge hole CAR-010.1 intersected 21.5 metres at 6.56 grams per tonne gold (70.5 feet at 0.192 ounce per ton gold), including 14.7 metres at 8.76 grams per tonne gold (48.2 feet at 0.256 ounce per ton gold) at its Carlin project in Nevada. This wedge hole was drilled from diamond drill hole CAR-010 which intersected 10.1 metres at 11.09 grams per tonne gold (news release on April 14, 2011). The intersection in CAR-010.1 lies approximately 10 metres east of the intersection reported in CAR-010.

"The high-grade gold in this wedge hole, combined with similar intersections in holes CAR-010 and CAR-007, provides valuable information on the geometry of this high-grade Carlin gold target," comments Dr. Quinton Hennigh, chief geologist of Evolving Gold. "We now believe a northerly to northeasterly structural trend controls this zone. Our next three holes around CAR-010 will test this model. The large, high-grade gold deposits of the Carlin trend can have modest footprints, sometimes no more than a few hundred metres in length. All of our planned additional step-out holes will lie within a 150-metre radius of CAR-010."

                   SUMMARY OF RESULTS FROM WEDGE HOLE CAR-010.1  
                                            
Hole       From (m)  To (m) Length (m)   Gold (grams    Length   Gold (ounce
                                           per tonne)    (feet)      per ton)

CAR-010.1    883.6   905.1       21.5           6.56      70.5         0.192      
Including    885.1   899.8       14.7           8.76      48.2         0.256 
Including    885.1   894.3        9.2           9.93      30.2         0.290      

The company presently has two core rigs drilling on its Carlin trend properties, one testing a target on its 100-per-cent-owned Humboldt project and a second drilling approximately 100 metres north of hole CAR-010 on the Carlin project. The Carlin project is subject to an agreement with various subsidiaries of Newmont Mining Corp.

A technical report (NI 43-101 report) has been completed and filed for the company's three gold exploration projects in the Carlin trend and it is now available on SEDAR.

Jake Creek

The company is pleased to announce it has received amended permits for an additional 20 reverse circulation drill holes at its 100-per-cent-owned Jake Creek property near the Twin Creeks and Ken Snyder mines in north-central Nevada. Hole JC-005, drilled last year, intersected 28.9 metres at 1.33 grams per tonne gold including 1.5 metres at 11.3 grams per tonne gold (news release, Nov. 18, 2010). Drilling is scheduled to begin by mid-June.

Rattlesnake Hills

On May 9, 2011, the company reported that it had signed a letter agreement with Agnico-Eagle Mines Ltd. to form a joint venture on the Rattlesnake Hills project. Preparation of the definitive joint venture agreements is proceeding well; however, the time frame for completing the definitive documentation has been extended from June 1 to June 17. Concurrently, Agnico-Eagle Mines has signed a drill contract and the drill program on the Rattlesnake joint venture is expected to begin core drilling during June, 2011.

In addition, Evolving Gold wishes to report that Dr. Hennigh is shifting his role within the company in order to better focus his time on exploration and project development. While retaining his role as chief geologist of the company, Dr. Hennigh will step down as president in order to reduce his daily administrative duties. "This shift in responsibilities will allow me to focus on what I enjoy most, being actively involved in the exploration for major new gold deposits," commented Dr. Hennigh. "I am very excited about our exploration programs in Nevada and believe that, this year, these projects will deliver untapped value for our shareholders."

In compliance with National Instrument 43-101, Dr. Hennigh, PhD, PGeo, is the qualified person responsible for the accuracy of this news release.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.