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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 adjacent to the Carlin district of Nevada.
Message: Evolving Gold Intersects 313 meters at 1.94 gpt Gold at Rattlesnake...
VANCOUVER, Jan. 12 /CNW/ - Evolving Gold Corp. (TSX: 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. The infill and step-out drilling program at the North Stock gold zone continues to intersect long intervals of gold mineralization. Drill hole RSC-145 intersected 313.1 meters at 1.94 grams per tonne Au, including 21.3 meters at 10.00 grams per tonne Au.
Summary of Results:
* Drill hole RSC-145 intersected 313.1 meters at 1.94 grams per tonne Au (1,028 ft at 0.057 oz per ton Au), including 21.3 meters at 10.00 grams per tonne Au (70 ft at 0.292 oz per ton Au), including 9.1 meters at 18.57 grams per tonne Au (30 ft at 0.542 oz per ton Au).
* Drill hole RSC-148 intersected 143.3 meters at 0.79 grams per tonne Au (470 ft at 0.023 oz per ton Au), including 68.6 meters at 1.18 grams per tonne Au (225 ft at 0.034 oz per ton Au).
* Drill hole RSC-154 intersected 109.7 meters at 1.02 grams per tonne Au (360 ft at 0.030 oz per ton Au), including 39.6 meters at 2.11 grams per tonne Au (130 ft at 0.062 oz per ton Au).
In 2010 the Company completed a total of 63 core holes at the Rattlesnake Hills project, for a total of approximately 25,600 meters (84,000 ft) of drilling. This release announces results of the final seven core holes, all of which were infill and step-out drill holes at the North Stock gold zone. All seven holes intersected multiple zones of gold mineralization.
Drill hole RSC-145 is a near vertical hole collared in the west central part of the North Stock gold zone that intersected continuous mineralization from the surface to the bottom of the hole. Of particular note are high grade gold zones such as 6.1 meters at 10.47 gpt Au, and 21.3 meters at 10.00 gpt Au, including 9.1 meters at 18.57 gpt Au, that were encountered within a very long interval of 313.1 meters at 1.94 gpt gold. The remaining holes were step-out holes that tested halo mineralization around the western margin of the North Stock gold zone.
"It is very encouraging to see that the drill results continue to demonstrate this level of continuity of gold mineralization at North Stock," states Quinton Hennigh, President and Chief Geologist of Evolving Gold. "These final drill results provide an excellent finish to a successful 2010 drill program. Now that we have received the final assay results, we will start preparing initial resource estimates for the near surface portion of the gold mineralization at the Rattlesnake project."
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.
In drill hole RSC-145, the interval from 236.2 to 245.3 meters includes a single assay interval of 1.5 meters at 81.50 gpt Au, uncut. The assay for this interval will be confirmed by screen fire assay. If the 1.5 meter assay of 81.50 gpt Au is cut to 30.0 gpt Au, the value for the 9.1 meter interval would be 9.98 gpt Au, and the average for the entire hole would be 313.3 meters at 1.69 gpt Au.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its 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, except as required by law. We seek safe harbour.
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