VANCOUVER, April 14 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") is pleased to announce results from four drill holes at its Carlin-Humboldt Projects on the Carlin trend in north central Nevada. Results include 10.1 meters at 11.09 grams per tonne Au (33.1 feet at 0.324 oz per ton Au) including 3.1 meters at 29.75 grams per tonne Au (10.2 feet at 0.869 oz per ton Au) in hole CAR-010.
The ongoing core drilling program includes one new hole, two wedge holes and deepening an earlier hole.
- Drill hole CAR-010 is a step-out approximately 26 meters west-southwest of hole CAR-007 (previously announced 18.3 meters at 11.7 grams per tonne Au). CAR-010, intersected 10.1 meters at 11.09 grams per tonne Au (33.1 feet at 0.324 oz per ton Au), including 3.1 meters at 29.75 grams per tonne Au (10.2 feet at 0.869 oz per tonne Au), within a broader interval of 22.3 meters at 5.69 grams per tonne Au (73.1 feet at 0.166 oz per ton Au).
- The company is drilling wedge holes from CAR-002, the first hole to intersect gold mineralization at the Carlin-Humboldt project (previously announced). Two wedge holes, CAR-002.1 and -002.2, have been drilled to the east and west respectively from CAR-002. Both intersected long intervals of low-grade gold mineralization including multiple narrower intervals of higher grade mineralization. CAR-002.1 intersected 0.7 meters at 8.18 grams per tonne Au (2.3 feet at 0.239 oz per ton Au and 1.5 meters at 6.81 grams per tonne Au (4.9 feet at 0.199 oz per ton Au), and CAR-002.2 intersected 0.6 meters at 17.42 grams per tonne Au (2.0 feet at 0.509 oz per ton Au) and 2.7 meters at 4.29 grams per tonne gold (8.9 feet at 0.125 oz per ton Au).
- The Company has re-entered drill hole CAR-003, a hole drilled in 2009, and has extended it to a depth of 1,396 meters. The bottom 121.9 meters intersected 0.34 grams per tonne Au (399.8 feet at 0.01 oz per ton Au).
"Assay results from our drill holes at Carlin-Humboldt indicate we have discovered a robust, laterally extensive Carlin system, and one that can clearly generate high-grade gold mineralization," comments Quinton Hennigh, President and Chief Geologist. "We now recognize two areas with potential for high-grade gold deposits, one in the vicinity of holes CAR-007 and -010, the other 625 meters southeast near hole CAR-002. Data from these holes coupled with our newly acquired 3D magneto-telluric model provide us with confidence in our exploration going forward. "
Exploration of the Carlin-Humboldt project is continuing with an aggressive drill program. The Company is currently deepening CAR-010 to a targeted depth of approximately 1,200 meters. Results from the remainder of the hole are expected in May. Once CAR-010 reaches its targeted depth, the Company plans to drill a wedge hole to continue to test the high-grade gold mineralization to the north. At CAR-002 a third wedge hole, CAR-002.3, oriented in a northerly direction, is presently underway. The company plans to drill three additional precollar holes this month to offset these high-grade results. Eight kilometers to the south in the Humboldt project, the company has two precollars in place, ready for core drilling this spring.
The Carlin-Humboldt projects comprise of two adjoining land packages, the Humboldt project which is 100% Evolving Gold controlled and the Carlin project which is subject to an agreement with various subsidiaries of Newmont Mining Corporation. The CAR-series of drill holes are situated within the Carlin project.
Summary of Drill Results from Carlin-Humboldt Projects
|Hole||From (meters)||To (meters)||Length (meters)||Grams per tonne gold||Length (feet)||Oz per ton gold|
| CAR-003 (extension)
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 gold discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, 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.
SOURCE Evolving Gold Corporation