Evolving Gold Reports Additional Gold Intersections from Rattlesnake Hills 161.5 Meters at 1.84 gpt Au, Including 76.2 Meters at 3.14 gpt Au

Oct 27, 2010, 12:56 ET from Evolving Gold Corporation

VANCOUVER, Oct. 27 /PRNewswire/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce additional assay results from its 2010 core drilling program at its Rattlesnake Hills project in central Wyoming. Drill hole RSC-126 intersected 161.5 meters at 1.84 gpt Au, including 76.2 meters at 3.14 gpt Au. Drill hole RSC-128 intersected 224.0 meters at 1.03 gpt Au, including 29.0 meters at 2.21 gpt Au. Both of these drill holes expand the North Stock zone of gold mineralization at depth.

Summary of Results:

  • Drill hole RSC-126 intersected 161.5 meters at 1.84 gpt Au (530 ft at 0.054 opt Au). This includes 76.2 meters at 3.14 gpt Au (250 ft at 0.092 opt Au), which also includes two shorter intervals of 7.6 meters at 7.29 gpt Au (25 ft at 0.213 opt Au) and 3.9 meters at 18.77 gpt Au (13 ft at 0.548 opt Au).
  • Drill hole RSC-128 intersected 224.0 meters at 1.03 gpt Au (735 ft at 0.030 opt Au) including 29.0 meters at 2.21 gpt Au (95 ft at 0.065 opt Au).
  • Two wedge holes, RSC-111.1 and RSC-118.1, were designed to be the first tests of the deep porphyry target to the southeast of North Stock. Both returned broad intersections of low grade gold mineralization associated with numerous porphyry dikes. Included in the intersection in RSC-111.1 was 56.4 meters at 1.02 gpt Au (185 ft at 0.030 opt Au) which also included 22.9 meters at 1.67 gpt Au (75 ft at 0.049 opt Au).
  • Two drill holes, RSC-121 and RSC-124, were designed as a first test of the Southeast target, about 500-700 meters southeast of North Stock. Both drill holes encountered gold mineralization in this new target area.

Drill holes, RSC-126 and RSC-128, were set on the southern margin of the North Stock diatreme complex and were designed to drill to the north to test the full width of the North Stock target at depth. The results from these drill holes indicate that the North Stock mineralization extends to depths of at least 300 meters in the central portion of the mineralized zone.

"Drill holes RSC-126 and RSC-128 have provided excellent results across the width of the North Stock zone of gold mineralization at deeper levels," says Quinton Hennigh, President and Chief Geologist of Evolving Gold Corp. "These holes, along with other infill drill holes awaiting assays, should allow us to evaluate the open pit potential of the Rattlesnake Hills project. We are encouraged, as well, with the first results from deep tests of the porphyry target southeast of North Stock. Results from these drill holes confirm a strong association of broad zones of gold mineralization with gold-bearing porphyry dikes. In addition, our programs of geological mapping and sampling this summer, along with the results from the first drill holes in the Southeast target, support the exploration potential outside of the North Stock and Antelope Basin areas."

With the onset of winter weather conditions in central Wyoming, the company has wound down its drilling program for 2010. Winterization of the roads and drill sites, as required by the regulatory agencies, is complete. A total of 63 core holes were completed for approximately 25,600 meters (84,000 ft) of drilling. Assays are still pending for 28 drill holes.

Mineralized Intervals, Rattlesnake Hills Drilling:

North Stock Zone

Drill Hole From (meters) To
(meters)
Interval
(meters)
Gold grams/tonne   Length (feet) Gold
ounces/ton
RSC-126 38.1 71.6 33.5 0.51   110 0.015
  163.1 324.6 161.5 1.84   530 0.054
Includes 172.2 248.4 76.2 3.14   250 0.092
Includes 172.2 179.8 7.6 7.29   25 0.213
Includes 222.5 248.4 25.9 5.70   85 0.166
Includes 224.0 227.9 3.9 18.77   13 0.548
RSC-128 64.0 288.0 224.0 1.03   735 0.030
Includes 114.3 125.0 10.7 1.90   35 0.055
Includes 138.7 150.9 12.2 2.02   40 0.059
Includes 172.2 201.2 29.0 2.21   95 0.065
Includes 172.2 178.3 6.1 4.87   20 0.142
Includes 210.3 217.9 7.6 1.83   25 0.053
Includes 260.6 274.3 13.7 1.74   45 0.051
Includes 278.9 285.0 6.1 1.96   20 0.057
  338.3 355.1 16.8 1.05   55 0.031
Includes 347.5 350.5 3.0 4.15   10 0.121
  373.4 382.5 9.1 0.97   30 0.028
RSC-120 10.7 21.4 10.7 0.41   35 0.012
  70.1 82.3 12.2 0.45   40 0.013
  173.7 202.7 29.0 0.92   95 0.027
Includes 175.3 178.3 3.0 3.00   10 0.088
  210.3 237.7 27.4 1.06   90 0.031
** 252.9 446.5 193.6 0.37   635 0.011
RSC-125 140.2 153.9 13.7 0.58   45 0.017
  195.1 222.5 27.4 0.72   90 0.021
** 417.6 568.5 150.9 0.42   495 0.012
Includes 490.7 495.3 4.6 1.94   15 0.057

** These intervals are broad zones of gold mineralization associated with porphyry dikes. Lower grade intervals are included in the averages for these intervals.

Porphyry Target, Southeast of North Stock

Drill Hole From (meters) To
(meters)
Interval
(meters)
Gold grams/tonne   Length (feet) Gold
ounces/ton
RSC-111.1 333.8 349.0 15.2 1.25   50 0.037
  396.3 405.4 9.1 1.00   30 0.029
** 477.0 722.4 245.4 0.41   805 0.012
Includes 499.9 556.3 56.4 1.02   185 0.030
Includes 515.1 538.0 22.9 1.67   75 0.049
RSC-118.1 298.1 318.5 20.4 0.88   67 0.026
** 355.1 609.6 254.5 0.30   835 0.009

** These intervals are broad zones of gold mineralization associated with porphyry dikes. Lower grade intervals are included in the averages for these intervals.

Holes RSC-111.1 and RSC-118.1 are wedge holes from previously released holes, with wedges set at approximately 298 meters down hole.

Southeast Target

Drill Hole From (meters) To
(meters)
Interval
(meters)
Gold grams/tonne   Length (feet) Gold
ounces/ton
RSC-121 178.3 189.0 10.7 1.24   35 0.036
Includes 179.8 182.9 3.6 3.60   10 0.105
RSC-124 214.9 219.5 4.6 1.72   15 0.050

Drill hole RSC-119 encountered low level gold mineralization in an area about 300 meters southwest of Antelope Basin. Drill hole RSC-127 intersected low level gold mineralization in an area about 250 meters southeast of North Stock. Results from RSC-122 and RSC-123 were previously reported on October 7, 2010.

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 significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties in and adjacent to the productive Carlin district of northern Nevada. 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: href="http://www.evolvinggold.com/">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. 

"Robert Barker"
Robert Barker
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.

SOURCE Evolving Gold Corporation