Nov. 23, 2010 (Canada NewsWire Group) --
178.3 Meters at 1.51 gpt Au, Includes 35.1 Meters at 3.90 gpt Au
VANCOUVER, Nov. 23 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce additional assay results from the 2010 core drilling program at its Rattlesnake Hills project in central Wyoming. Drill hole RSC-130, part of an infill drilling program on the western side of the North Stock gold zone, intersected 178.3 meters at 1.51 gpt Au, including 35.1 meters at 3.90 gpt Au, and 10.7 meters at 5.89 gpt Au.
Summary of Results:
Drill hole RSC-130 intersected 178.3 meters at 1.51 gpt Au (585 ft at
0.044 opt Au), including 35.1 meters at 3.90 gpt Au (115 ft at 0.114
opt Au) and also including 10.7 meters at 5.89 gpt Au (35 ft at 0.172
Results from drill hole RSC-130 indicate continuity of mineralization on
the western side of the North Stock zone, as well as to depths of
approximately 250 meters in the same area.
- Drill hole RSC-131, on the southwestern margin of the North Stock zone, intersected a long interval of largely oxidized halo mineralization, 205.7 meters at 0.59 gpt Au (675 ft at 0.017 opt Au).
"As expected, this infill drilling has demonstrated long intervals of strong gold mineralization," comments Quinton Hennigh, President and Chief Geologist for Evolving Gold Corp. "Previous drilling in 2009 demonstrated excellent continuity of gold mineralization in the eastern portion of the North Stock zone. Our infill drilling this year has continued to demonstrate strong continuity of gold mineralization in the central portion of North Stock, and now to the west. Our infill drilling has been designed to better define continuity in the near surface gold mineralization, with potential for open pit development, and in the high grade core of the North Stock gold zone to depths of up to 300 meters. We consider the results to date to be very encouraging."
Mineralized Intervals, North Stock 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.
The Company completed a total of 63 core holes in 2010, approximately 25,600 meters (84,000 ft) of drilling. Assays are still pending for 25 drill holes. Of the remaining holes, eighteen are infill and step-out holes at North Stock, and five are infill and step-out 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.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its significant 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.
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.