VANCOUVER, Dec. 16 /PRNewswire/ - 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 drilling program at the North Stock gold zone continues to intersect long intervals of gold mineralization. Drill hole RSC-144 intersected 251 meters at 1.5 grams per tonne Au, including 38 meters at 3.18 grams per tonne Au.
Summary of Results:
- Drill hole RSC-144 intersected 251 meters at 1.5 grams per tonne Au (825 ft at 0.044 oz per ton Au), including 38 meters at 3.18 grams per tonne Au (125 ft at 0.093 oz per ton Au) and 14 meters at 7.81 grams per tonne Au (45 ft at 0.228 oz per ton Au).
Drill hole RSC-144 was collared within the North Stock gold zone and oriented to the northeast. Drill hole RSC-141, assays for which were released earlier this week, was drilled from the same drill pad, with the same orientation but at a steeper inclination. Hole RSC-141 intersected 332 meters at1.28 gpt gold, starting at surface. The new hole, RSC-144, was designed to fill a gap in past drilling and intersected 251 meters at 1.5 gpt gold, including several higher grade zones.
Drill hole RSC-143 was a step out hole on the southwestern margin of the North Stock Hill and outside of the identified North Stock gold zone. It intersected two intervals of modest grade mineralization, including 48 meters at 0.61 gpt gold and 59 meters at 0.34 gpt gold.
"The latest assay results from our infill drilling continue to provide strong support for both the continuity and extent of the central gold zone. These results are also very encouraging as they continue to define the grade and distribution of the large volume of modest grade gold mineralization that should fall within the limits of a potential open pit," says Quinton Hennigh, President and Chief Geologist of Evolving Gold.
The Company completed a total of 63 core holes in 2010, for a total of approximately 25,600 meters (84,000 ft) of drilling. Assays are still pending for 12 drill holes. Of the remaining holes, seven are infill and step-out drill holes at North Stock, and five are infill and step-out drill holes at Antelope Basin.
Mineralized Intervals, North Stock Zone
|Drill Hole||From (meters)||To (meters)||Interval (meters)||Gold grams/tonne||Length (feet)||Gold ounces/ton|
|RSC-143||227.1 295.7||275.9 355.1||48.8 59.4||0.61 0.34||160 195||0.018 0.009|
|RSC-144 Includes Includes Includes Includes||41.1 108.2 109.7 214.9 221.0||292.6 146.3 128.0 228.6 228.6||251.5 38.1 18.3 13.7 7.6||1.5 3.18 3.8 7.81 12.05||825 125 60 45 25||0.044 0.093 0.111 0.228 0.352|
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, 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.
SOURCE Evolving Gold Corporation