Mr. Robert Barker reports:
EVOLVING GOLD INTERSECTS 405.4 METERS AT 1.31 GPT GOLD AT RATTLESNAKE HILLS
Evolving Gold Corp. 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 metres at 1.31 grams per tonne gold, including 50.3 metres at
5.87 g/t Au and 7.6 metres at 21.82 g/t Au.
Summary of results
Drill hole RSC-135 intersected 405.4 metres at 1.31 g/t Au (1,330 feet at
0.038 ounce per ton Au), including 50.3 metres at 5.87 g/t Au (165 feet at 0.171 ounce per ton Au) and also including 7.6 metres at 21.82 g/t Au (25 feet at 0.637
ounce per ton Au).
Drill hole RSC-132 intersected 334.7 metres at 1.12 g/t Au (1,098 feet at
0.033 ounce per ton Au), including 93.0 metres at 2.68 g/t Au (305 feet at 0.078
ounce per ton Au) and also including 18.3 metres at 5.17 g/t Au (60 feet at 0.151
ounce per ton 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 metres. Oxidation in these drill holes persists
from the surface to vertical depths of approximately 150 metres 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 centre 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 metres, and it is particularly
encouraging to see mineralization starting within a few metres 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 metres. The most shallow intersection of the high-grade zone is at about 79 metres, and the deepest is at nearly 400
metres below surface. All of the high-grade veins appear to be within a
corridor approximately 70 metres 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
Mr. 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 modelling 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 metres (84,000 feet) of drilling. Assays are still
pending for 21 drill holes. Of the remaining holes, 14 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 (metres) To (metres) Interval(metres) Gold (grams/tonne) Length (feet) Gold (ounce/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 (metres) To (metres) Interval(metres) Gold (grams/tonne) Length (feet) Gold (ounce/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, Wyo., 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 per cent controlled by Evolving Gold. In compliance with
National Instrument 43-101, Mr. Hennigh, PhD, PGeo, 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
Chief executive officer and director
Contact
Graham Johnstone
info@evolvinggold.com
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