Evolving Gold Identifies New Zone of Mineralization At Rattlesnake Hills,
Wyoming
Drilling at Antelope Basin has confirmed the zone of gold mineralization identified in earlier drilling. (See news release 8/10/09.)
The drill results at both North Stock and Antelope Basin indicate new exploration potential for the discovery of additional gold mineralization.
Five diamond drills are now operating at Rattlesnake Hills. Forty-six core holes have been completed in the 2009 drill program with five additional in progress. Expectations are that a total of approximately sixty drill holes will be completed this year for a total of approximately 27,000 meters. Currently nine drill holes have been received by the lab and are awaiting assays.
Five drill holes have intersected projections of the high grade zone reported in holes RSC-003, RSC-007, and RSC-020. Assays are still pending on these intersections. For a complete summary of drilling progress, please click http://evolvinggold.com/investors/drill-update-2009/.
North Stock Target
- Near the bottom of drill hole RSC-027 a new style of mineralization
associated with intermediate porphyry and stockwork veining was
encountered well outside the margin of the diatreme. Intersections
included 30.5 meters 1.89 gpt gold (100 ft at 0.055opt Au), including
7.6 meters at 3.75 gpt gold (25 ft at 0.109 opt Au), and 35.1 meters
at 1.74 gpt gold (115 ft at 0.051 opt Au).
- Nearer surface, drill hole RSC-027 also intersected 135.6 meters at
0.89 gpt Au (445 ft at 0.026 opt Au).
- Drill hole RSC-028 intersected 59.5 meters at 0.85 gpt Au (195 ft at
0.025 opt Au) starting at 33.5 meters (110 ft) from surface.
"The gold values encountered deep in hole RSC-027 represent a significant exploration discovery in this year's program at Rattlesnake Hills," states
North Stock
-------------------------------------------------------- ---------------
Drill Hole From To Interval Gold Interval Gold
(meters) (meters) (meters) grams/tonne (ft) oz/ton
-------------------------------------------------------- ---------------
RSC-027 61.0 196.6 135.6 0.89 445.0 0.026
--------------------------------------------- ---------------
includes 160.0 170.7 10.7 3.87 35.0 0.088
--------------------------------------------- ---------------
455.7 499.9 44.2 0.89 145.0 0.026
--------------------------------------------- ---------------
includes 486.2 498.3 12.1 2.19 40.0 0.064
--------------------------------------------- ---------------
522.7 557.8 35.1 1.74 115.0 0.051
--------------------------------------------- ---------------
includes 542.5 556.3 13.8 2.19 45.0 0.064
--------------------------------------------- ---------------
699.5 730.0 30.5 1.89 100.0 0.055
--------------------------------------------- ---------------
includes 711.7 726.9 15.2 3.11 50.0 0.091
--------------------------------------------- ---------------
includes 716.3 723.9 7.6 3.75 25.0 0.109
-------------------------------------------------------- ---------------
RSC-028 33.5 93.0 59.5 0.85 195.0 0.025
--------------------------------------------- ---------------
includes 33.5 64.0 30.5 1.18 100.0 0.034
--------------------------------------------- ---------------
187.5 204.2 16.7 0.82 55.0 0.024
-------------------------------------------------------- ---------------
RSC-034 22.9 137.2 114.3 0.70 375.0 0.020
--------------------------------------------- ---------------
149.4 155.4 6.0 0.91 20.0 0.027
--------------------------------------------- ---------------
170.7 202.7 32.0 0.78 105.0 0.023
-------------------------------------------------------- ---------------
Antelope Basin
- Drill hole RSC-042 intersected several long mineralized intervals
including 54.9 meters at 0.70 gpt Au (180 ft at 0.020 opt Au) and
76.2 meters at 1.70 gpt Au (250 ft at 0.050 opt Au) which confirms
the size potential of the Antelope Basin target.
- Drill hole RSC-042 also intersected 32 meters at 2.72 gpt Au (105 ft
at 0.079 opt Au) including 3.0 meters at 10.19 gpt Au (10 ft at 0.297
opt Au), confirming the presence of high grade intervals in the
Antelope Basin target as previously reported in RSC-019.
- Drill holes RSC-029 and 030 in Antelope Basin drilled away from the
main zone of mineralization which is focused on the diorite intrusion
and intersected low levels of gold mineralization.
"Hole RSC-042 confirms that the Antelope Basin target has significant size potential and also potential for higher grade mineralization as was previously indicated in hole RSC-019," Dr Hennigh continues. "The results in RSC-042 emphasize the importance of the diorite intrusion, which appears to be a major control on gold mineralization in this target area at Antelope Basin."
Antelope Basin
-------------------------------------------------------- ---------------
Drill Hole From To Interval Gold Interval Gold
(meters) (meters) (meters) grams/tonne (ft) oz/ton
-------------------------------------------------------- ---------------
RSC-042 1.5 16.8 15.3 0.35 50.0 0.010
--------------------------------------------- ---------------
22.8 80.8 58.0 0.52 190.0 0.015
--------------------------------------------- ---------------
85.3 140.2 54.9 0.70 180.0 0.020
--------------------------------------------- ---------------
147.8 224.0 76.2 1.70 250.0 0.050
--------------------------------------------- ---------------
Includes 157.0 189.0 32.0 2.72 105.0 0.079
--------------------------------------------- ---------------
Includes 157.0 160.0 3.0 4.97 10.0 0.145
--------------------------------------------- ---------------
Includes 172.2 189.0 16.8 3.65 55.0 0.106
--------------------------------------------- ---------------
Includes 184.4 187.5 3.1 10.19 10.0 0.297
-------------------------------------------------------- ---------------
RSC-029 6.1 18.3 12.2 0.35 40.0 0.010
--------------------------------------------- ---------------
224.0 243.8 19.8 0.34 65.0 0.010
-------------------------------------------------------- ---------------
RSC-030 33.5 48.8 15.3 0.61 50.0 0.018
--------------------------------------------- ---------------
126.5 153.9 27.4 0.27 90.0 0.008
--------------------------------------------- ---------------
161.5 189.0 27.5 0.37 90.0 0.011
-------------------------------------------------------- ---------------
South Stock
Drill holes RSC-031 and 032 were drilled in and near South Stock. They intersected low level gold values, with some higher grade but narrow intervals. These holes indicate relatively low potential for the South Stock area and there are currently no plans for additional drilling in the South Stock area.
Summary of Key Mineralized Intervals to date for North Stock and Antelope Basin
The following table summarizes key intersections to date at the Rattlesnake Hills project. This table is not intended to provide a complete review of the drilling to date. For more details, please refer to the relevant releases available on the Evolving Gold website. For a map of hole locations for previously reported drill holes, please click
http://evolvinggold.com/a-rattle/Drill_Update_Web_Map.pdf
North Stock - Selected High Grade Intervals
-------------------------------------------------------- ---------------
Drill Hole From To Interval Gold Interval Gold
(meters) (meters) (meters) grams/tonne (ft) oz/ton
-------------------------------------------------------- ---------------
RSC-003* 149.4 295.7 146.3 2.92 480.0 0.085
--------------------------------------------- ---------------
RSC-007* 105.2 236.2 131.1 2.84 430.0 0.083
--------------------------------------------- ---------------
RSC-020* 121.9 189.0 67.1 10.80 220.0 0.315
-------------------------------------------------------- ---------------
* Previously reported
North Stock - Selected Potential Bulk Tonnage Style Intervals
-------------------------------------------------------- ---------------
Drill Hole From To Interval Gold Interval Gold
(meters) (meters) (meters) grams/tonne (ft) oz/ton
-------------------------------------------------------- ---------------
RSC-003* 342.9 416.1 73.2 0.90 240.0 0.026
--------------------------------------------- ---------------
RSC-005* 109.7 163.1 53.3 1.18 175.0 0.034
--------------------------------------------- ---------------
RSC-006* 135.6 219.9 84.2 0.95 276.4 0.028
--------------------------------------------- ---------------
RSC-006* 446.5 544.7 98.1 0.92 322.0 0.027
--------------------------------------------- ---------------
RSC-009* 94.5 274.3 179.8 0.64 590.0 0.019
--------------------------------------------- ---------------
RSC-017* 48.8 186.0 137.2 0.87 450.0 0.025
--------------------------------------------- ---------------
RSC-022* 56.4 184.4 128.0 1.23 420.0 0.036
--------------------------------------------- ---------------
RSC-026* 83.8 163.1 79.3 1.76 260.0 0.051
--------------------------------------------- ---------------
RSC-027 61.0 196.6 135.6 0.89 445.0 0.026
--------------------------------------------- ---------------
RSC-028 33.5 93.0 59.5 0.85 195.0 0.025
--------------------------------------------- ---------------
RSC-034 22.9 137.2 114.3 0.70 375.0 0.020
-------------------------------------------------------- ---------------
* Previously reported
Antelope Basin - Selected Intervals
-------------------------------------------------------- ---------------
Drill Hole From To Interval Gold Interval Gold
(meters) (meters) (meters) grams/tonne (ft) oz/ton
-------------------------------------------------------- ---------------
RSC-016* 111.3 190.5 79.2 0.85 260.0 0.025
-------------------------------------------------------- ---------------
RSC-019* 85.3 248.4 163.1 1.25 535.0 0.036
--------------------------------------------- ---------------
includes 167.6 190.5 22.9 4.18 75.0 0.122
-------------------------------------------------------- ---------------
RSC-042 147.8 224.0 76.2 1.70 250.0 0.050
--------------------------------------------- ---------------
includes 157.0 189.0 32.0 2.72 105.0 0.079
-------------------------------------------------------- ---------------
* Previously reported
Please note: Lengths of intersections reported in all tables are down
hole intervals. Because of the relatively early stage of exploration of
this system, it is not possible to report accurate estimates of true
width.
Gold assays were completed by SGS
Kiyuk Gold Property
On
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. Evolving Gold has the option to acquire 100% of the Rattlesnake Hills project.
Evolving also has eight other gold properties in New
The Company presently holds approximately
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
In compliance with National Instrument 43-101,
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.
For further information: Evolving Gold Corp., Robert Bick, Executive Chairman, [email protected], Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com; Investor Relations: First Canadian Capital Corp., Leo Karabelas, Tel: (416) 742-5600 ext. 235, [email protected]; Senergy Communications Inc., Shiro Rae, Tel: (778) 331-2095, [email protected]; Investors can post questions and receive answers at the Evolving Gold Corp IR Hub at http://www.agoracom.com/IR/evolving
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