VANCOUVER, Dec. 13 /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-141 intersected 332.2 meters at 1.28 grams per tonne Au, including 42.7 meters at 3.91 grams per tonne Au.
Summary of Results:
- Drill hole RSC-141 intersected 332.2 meters at 1.28 grams per tonne Au (1,090 ft at 0.037 oz per ton Au), including 42.7 meters at 3.91 grams per tonne Au (140 ft at 0.114 oz per ton Au) and also including 16.8 meters at 7.26 grams per tonne Au (55 ft at 0.212 oz per ton Au).
- Drill hole RSC-138 intersected 138.7 meters at 1.15 grams per tonne Au (455 ft at 0.034 oz per ton Au).
- Drill hole RSC-136 intersected 82.3 meters at 1.87 grams per tonne Au (270 ft at 0.055 oz per ton Au), including 21.3 meters at 4.68 grams per tonne Au (70 ft at 0.137 oz per ton Au) including 6.1 meters at 10.85 grams per tonne Au (20 ft at 0.317 oz per ton Au).
All drill holes presented in this release were located at North Stock Hill or its periphery. Four drill holes were located within the North Stock gold zone, RSC-136, RSC-138, RSC-140 and RSC-141. All four intersected significant lengths and grades of gold mineralization and succeeded in confirming the continuity and extent of the central portion of the core gold zone. Drill hole RSC-137 was designed to test the north periphery of the core zone and was also extended to test the deeper porphyry target, where it intersected broad zones of favorable lithology and alteration reinforcing the porphyry target concept.
"The incoming assay results continue to give us confidence in the quality of the Rattlesnake gold system." says Quinton Hennigh, President and Chief Geologist of Evolving Gold. "These new infill drill results better define the higher grade core zone, with the impressive 332 meter intersection from hole RSC-141 starting at surface. Results from the peripheral zones better define the grade distribution of the large volume of modest grades falling within the limits of a likely open pit design."
Hole RSC-139 tested an area northeast of the North Stock Zone and returned anomalous gold values within 150 meters of surface. Hole RSC-142 tested an area between North Stock and Antelope Basin and encountered anomalous gold including 24 meters at 0.5 grams per tonne Au.
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 14 drill holes. Of the remaining holes, nine are infill and step-out drill holes at North Stock, and five are infill and step-out drill holes at Antelope Basin.
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.
Mineralized Intervals, North Stock Zone
|Drill Hole||From (meters)||To (meters)||Interval (meters)||Gold (grams per tonne)||Length (feet)||Gold (oz per ton)|
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, except as required by law. Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Evolving Gold Corporation