118.9 Meters at 1.36 gpt Au, Including 38.1 Meters at 2.85 gpt Au
89.6 Meters at 1.46 gpt Au, Including 21.3 Meters at 3.66 gpt Au
VANCOUVER, Oct. 7 /PRNewswire-FirstCall/ - Evolving Gold
Corp. (TSXV: EVG) (FSE: EV7) (the "Company") announces additional
assay results from its 2010 core drilling program at its
Rattlesnake Hills project in central Wyoming. Drill hole RSC-122 intersected 118.9
meters at 1.36 gpt Au, including 38.1 meters at 2.85 gpt Au. Drill
hole RSC-123 intersected 89.6 meters at 1.46 gpt Au, including 38.1
meters at 2.56 gpt Au and 21.3 meters at 3.66 gpt Au. Both of these
drill holes are from the North Stock zone.
Summary of Results:
- Drill hole RSC-122 intersected 118.9 meters at 1.36 gpt Au (390 ft at
0.040 opt Au). This included 38.1 meters at 2.85 gpt Au (125 ft at
0.83 opt Au), which also included two shorter intervals of 9.1 meters
at 5.39 gpt Au (30 ft at 0.157 opt Au) and 7.6 meters at 4.63 gpt Au
(25 ft at 0.135 opt Au).
- Drill hole RSC-123 intersected 89.6 meters at 1.46 gpt Au (285 ft at
0.042 opt Au), including 38.1 meters at 2.56 gpt Au (125 ft at 0.074
opt Au) and 21.3 meters at 3.66 gpt Au (70 ft at 0.106 opt Au)
- Both RSC-122 and RSC-123 tested the southwestern extension of the
core of the North Stock zone of gold mineralization following up on
drilling in late 2009.
- Drilling at Antelope Basin has expanded that zone of gold
mineralization to both the northeast and southwest.
- Three deeper drill holes, RSC-111, RSC-113, and RSC-118 confirm the
exploration potential for porphyry style gold mineralization at depth
in the North Stock zone. These drill holes intersected broad zones of
intermittent gold mineralization associated with numerous porphyry
dikes similar to those encountered in nearby drill holes in 2009.
Mineralized Intervals, Rattlesnake Hills Drilling:
Southwest Extension, North Stock Zone
---------------------------------------------------- --------------------
From To Interval Gold Length Gold
Drill Hole (meters) (meters) (meters) grams/tonne (feet) ounces/ton
---------------------------------------------------- --------------------
RSC-122 109.7 228.6 118.9 1.36 390 0.040
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Includes 166.1 204.2 38.1 2.85 125 0.083
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Includes 166.1 175.3 9.1 5.39 30 0.157
---------------------------------------- --------------------
Includes 195.1 202.7 7.6 4.63 25 0.135
---------------------------------------- --------------------
272.8 278.9 6.1 0.73 20 0.021
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303.3 313.3 10.1 0.50 33 0.015
---------------------------------------- --------------------
RSC-123 83.8 170.7 86.9 1.46 285 0.042
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Includes 97.5 135.6 38.1 2.56 125 0.074
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Includes 108.2 129.5 21.3 3.66 70 0.106
---------------------------------------------------- --------------------
East North Stock and Deep Porphyry Target Zone
---------------------------------------------------- --------------------
From To Interval Gold Length Gold
Drill Hole (meters) (meters) (meters) grams/tonne (feet) ounces/ton
---------------------------------------------------- --------------------
RSC-111 143.3 160.0 16.8 0.73 55 0.021
---------------------------------------- --------------------
207.3 225.6 18.3 1.31 60 0.038
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Includes 211.8 219.5 7.6 2.53 25 0.074
---------------------------------------- --------------------
246.9 256.0 9.1 0.61 30 0.018
---------------------------------------- --------------------
333.8 345.9 12.2 0.94 40 0.027
---------------------------------------- --------------------
394.7 414.5 19.8 0.92 65 0.027
---------------------------------------- --------------------
Includes 403.9 406.9 3.0 4.74 10 0.138
---------------------------------------- --------------------
** 495.3 740.7 245.4 0.30 805 0.009
---------------------------------------- --------------------
Includes 664.5 672.1 7.6 1.07 25 0.031
---------------------------------------- --------------------
RSC-113 50.3 82.3 32.0 0.48 105 0.014
---------------------------------------- --------------------
204.2 228.6 24.4 1.01 80 0.029
---------------------------------------- --------------------
234.7 245.4 10.7 0.46 35 0.013
---------------------------------------- --------------------
262.1 274.3 12.2 0.52 40 0.015
---------------------------------------- --------------------
324.6 338.3 13.7 1.01 45 0.029
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** 435.9 632.5 196.6 0.41 645 0.012
---------------------------------------- --------------------
Includes 490.7 542.5 51.8 1.01 170 0.029
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includes 502.9 509.0 6.1 2.00 20 0.058
---------------------------------------- --------------------
includes 533.4 539.5 6.1 2.14 20 0.062
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includes 580.6 585.2 4.6 2.23 15 0.065
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includes 608.1 632.5 24.4 0.41 80 0.012
---------------------------------------- --------------------
RSC-118 234.7 271.3 36.6 0.88 120 0.026
---------------------------------------- --------------------
includes 248.4 271.3 22.9 1.25 75 0.036
---------------------------------------- --------------------
includes 248.4 254.5 6.1 2.38 20 0.069
---------------------------------------------------- --------------------
** These intervals are broad zones of gold mineralization associated
with porphyry dikes. Lower grade intervals are included in the averages
for these intervals.
Antelope Basin Step Out Drilling
---------------------------------------------------- --------------------
From To Interval Gold Length Gold
Drill Hole (meters) (meters) (meters) grams/tonne (feet) ounces/ton
---------------------------------------------------- --------------------
RSC-108 173.7 189.0 15.2 0.65 50 0.019
---------------------------------------- --------------------
RSC-109 160.0 205.7 45.7 0.69 150 0.020
---------------------------------------- --------------------
Includes 175.3 182.9 7.6 1.78 25 0.052
---------------------------------------- --------------------
RSC-112 120.4 157.0 36.6 0.33 120 0.010
---------------------------------------- --------------------
RSC-114 202.7 236.2 33.5 0.66 110 0.019
---------------------------------------- --------------------
Includes 221.0 224.0 3.0 2.71 10 0.079
---------------------------------------- --------------------
254.5 266.7 12.2 0.64 40 0.019
---------------------------------------------------- --------------------
"We are pleased to see solid grades continue in the southwestern
extension of the North Stock zone of gold mineralization at
Rattlesnake Hills," says Quinton
Hennigh, President and Chief Geologist. "These results
confirm the presence of a consistent core of higher grade gold
mineralization in this portion of the North Stock system. Expansion
of Antelope Basin is also encouraging. In the deeper drill holes we
continue to encounter numerous porphyry dikes, starting at depths
of about 400 meters. These intersections of porphyry provide strong
evidence that we may be close to a larger, potentially mineralized
intrusion. Results from these drill holes will help us design our
exploration program for porphyry mineralization southeast of North
Stock."
Drill holes RSC-115, RSC-116, and RSC-117 were drilled on
exploration targets several hundred meters southwest of Antelope
Basin. Drill hole RSC-110 tested an exploration target south of
North Stock. These four drill holes intersected intervals of
anomalous gold. Assays are still pending for drill holes RSC-119,
RSC-120, and RSC-121.
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.
General Update on the Rattlesnake Hills 2010 Drill Program:
The 2010 drill program was expanded from the planned 20,000
meters to approximately 25,000 meters late in the season, due to
continued positive results from step out drilling at both North
Stock and Antelope Basin. Drilling is expected to be completed by
the middle of October, with approximately 62 drill holes completed.
Assay returns from the laboratory have been much slower than
expected. This is due largely to increased demand for assays at the
laboratory, due in turn to increased gold exploration activity.
Final sampling of all core from the 2010 drill season at
Rattlesnake Hills will be completed by the middle of November.
Additional assay results are expected over the next three to four
months.
General Update on Nevada Drill Programs:
Humboldt and Carlin Projects:
Evolving Gold completed drill hole EHB-002 in late September on its
100 percent controlled Humboldt
project adjacent to its Carlin
project on the south end of the Carlin Trend in northeastern
Nevada. This drill hole reached
its targeted depth of 1,280 meters (4,200 ft). The stratigraphy
encountered in EHB-002 is interpreted as being consistent with that
encountered in the CAR drill holes approximately 4.8 kilometers
(3.0 miles) to the northeast on the Carlin Project, where CAR-007
encountered 18.3 meters at 11.7 gpt Au (60 ft at 0.34 opt Au).
Units in EHB-002 are consistent with Lower Plate carbonate rocks
that host gold mineralization elsewhere along the Carlin Trend.
Drilling continues on the Carlin Project in drill hole EVGQ-001
south of highway I-80. This hole is expected to reach a depth of
1,280 meters (4,200 ft). Assays are pending on EHB-002 and
EVGQ-001.
Jake Creek Project: Two reverse circulation drill holes were
completed at the Jake Creek property in Northern Nevada, located east of Twin Creeks
mine. This property is 100 percent controlled by Evolving Gold.
Both drill holes drilled through alluvium and volcanic units and
intersected underlying Paleozoic sedimentary units. JC-001
intersected alteration and sulfide mineralization in the volcanic
sequence before intersecting altered Paleozoic units at
approximately 550 meters (1,800 ft). JC-005, located approximately
2.4 kilometers (1.5 mi) northeast of JC-001, intersected Paleozoic
rocks at 253 meters (830 ft). Strong alteration and sulfide
mineralization were encountered from about 120 meters (400 ft) to
the bottom of the hole at 500 meters (1,640 ft). Assays are pending
on both drill holes.
Boulder Valley Project: A reverse circulation drill hole,
BE-10-001, was drilled on the Boulder Valley project area in the
Carlin Trend of Nevada at the end
of September. The drill hole is located approximately 2.6
kilometers (1.6 mi) southwest of the Post-Betze open pit mine. It
reached a depth of 402 meters (1,319 ft) and was cased to that
depth. The drill hole will be continued by core drilling to a
targeted depth of 1,067 meters (3,500 ft). The Boulder Valley and
Carlin projects are subject to an
agreement with subsidiaries of Newmont Mining Corporation. Assays
are pending.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its significant discovery
at Rattlesnake Hills, Wyoming, an
alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties in and
adjacent to the productive Carlin
district of northern Nevada. 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. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Evolving Gold Corporation
Copyright t. 7 PR Newswire