Evolving Gold Releases Final 23 Holes at Rattlesnake Hills, WY Project
- 158 meters at 2.64 gpt Au, includes 16.8 meters at 10.31 gpt Au
- 82 meters at 3.00 gpt Au, includes 6.1 meters at 16.97 gpt Au
- 120 meters at 1.64 gpt Au, includes 12.2 meters at 8.25 gpt Au
- 201 meters at 1.08 gpt Au
North Stock - Northwest Extension
- These results indicate that the higher grade main zone at North Stock
wraps around to the west of the intrusive plug near the center of the
diatreme. Holes RSC-085 and -089 add approximately 100 meters westerly
strike to this zone and indicate it remains open to the NW (please
refer to http://www.evolvinggold.com for assay summaries).
- Hole RSC-089 intersected deeper high grade intervals, 16.8 meters at
10.31 gpt Au (including 4.6 meters at 26.16 gpt Au) and 3.0 meters at
18.00 gpt Au, at depths in excess of 200 meters. These intersections
indicate that high grade mineralization persists to and is open at
depth.
- Five new drill sites, with multiple drill holes from each site, are
planned for the 2010 drill program to further define the northwest
extension of the North Stock Main Zone.
North Stock Northwest Extension - Significant Drill Intercepts
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Drill Hole From To Interval Gold Length Gold
(meters) (meters) (meters) grams/tonne (feet) ounces/ton
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RSC-089 83.8 242.3 158.5 2.64 520 0.077
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Includes 217.9 234.7 16.8 10.31 55 0.301
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Includes 225.5 230.1 4.6 26.16 15 0.764
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280.4 283.4 3.0 18.00 10 0.526
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RSC-085 175.3 376.4 201.2 1.08 660 0.031
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North Stock Main Zone
- RSC-093 intersected 6.1 meters at 16.97 gpt Au within 82.3 meters at
3.00 gpt Au and RSC-090 intersected 12.2 meters at 8.25 gpt Au within
120.4 meters at 1.64 gpt Au confirming continuity of the higher grade
core zone at North Stock.
- Drill results from other holes in the North Stock Main Zone continue
to indicate long intervals of halo gold mineralization that outline a
zone approximately 450 meters long and 250 meters wide, extending to
over 500 meters at depth.
- A total of 10-12 new drill sites will be added to existing drill pads
for the 2010 drilling. Multiple drill holes are planned from each
site, including some from the existing sites, to continue to define
the North Stock Main Zone.
North Stock Main Zone - Significant Drill Intercepts
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Drill Hole From To Interval Gold Length Gold
(meters) (meters) (meters) grams/tonne (feet) ounces/ton
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RSC-093 94.5 176.8 82.3 3.00 270 0.088
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Includes 141.7 161.5 19.8 8.06 65 0.235
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Includes 149.3 155.4 6.1 16.97 20 0.496
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RSC-090 79.3 199.7 120.4 1.64 395 0.048
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Includes 158.5 192.0 33.5 4.09 110 0.119
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Includes 158.5 170.7 12.2 8.25 40 0.241
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263.7 339.9 76.2 0.97 250 0.028
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Includes 243.8 256.0 12.2 4.34 40 0.127
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RSC-076 198.1 256.0 57.9 2.12 190 0.062
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Includes 227.1 233.2 6.1 6.27 20 0.183
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Includes 243.8 256.0 12.2 4.34 40 0.127
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RSC-092 86.9 201.2 114.3 1.00 375 0.029
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Includes 147.8 161.5 13.7 3.13 45 0.091
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300.2 420.6 120.4 0.60 395 0.018
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RSC-077 164.5 193.5 29.0 3.58 95 0.105
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Includes 176.8 190.5 13.7 6.66 45 0.194
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RSC-079 36.5 141.7 105.2 0.62 345 0.018
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RSC-091 74.7 123.4 48.7 0.96 160 0.028
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RSC-082 140.2 164.6 24.4 1.00 80 0.029
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RSC-084 160.0 196.6 36.6 0.81 120 0.024
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RSC-074 269.7 294.1 24.4 0.54 80 0.016
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"We are very pleased with the final results from Rattlesnake," states
"The topography at Rattlesnake Hills makes grid drilling extremely difficult," Hennigh continues. "The change from truck mounted core rigs to track mounted rigs will allow for much more flexibility in targeting in 2010 and greatly improve our ability to test critical targets efficiently."
Antelope Basin - Significant Drill Intercepts
- Results from holes RSC-083 and RSC-078 confirm results from earlier
drilling, with significant high grade intersections within long
intervals of halo gold mineralization.
- The Antelope Basin zone remains open to the east, southwest and at
depth, and these potential extensions will be drill tested during
2010.
- Approximately five new drill sites with multiple drill holes will be
added to the existing sites to continue to define the Antelope Basin
gold zone.
Antelope Basin - Significant Drill Intercepts
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Drill Hole From To Interval Gold Length Gold
(meters) (meters) (meters) grams/tonne (feet) ounces/ton
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RSC-083 44.2 193.5 149.3 0.80 490 0.023
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Includes 144.8 187.5 42.7 1.53 140 0.045
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Includes 158.5 172.2 13.7 3.30 45 0.096
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RSC-078 173.7 249.9 76.2 1.77 250 0.052
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Includes 185.9 228.6 42.7 2.47 140 0.072
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Includes 204.2 225.5 21.3 3.56 70 0.104
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RSC-081 116.1 176.8 60.7 0.27 199 0.008
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RSC-087 166.1 202.7 36.6 1.11 120 0.032
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RSC-071 163.1 179.9 16.8 0.27 55 0.008
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RSC-086 low level gold
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Property-Wide Exploration - Significant Drill Intercepts
- Drill holes RSC-075 and RSC-080 intersected new zones of strong gold
mineralization in altered porphyry dikes, providing additional support
for a mineralized porphyry exploration target at depth at Rattlesnake
Hills.
- Exploration drilling in 2010 will focus on testing two porphyry
targets to the east and southeast of the North Stock Main Zone along
with three other surface zones of alteration and anomalous gold west
of North Stock and southwest and south of Antelope Basin.
- Approximately 15-20 new drill sites will be permitted for 2010 to
provide the sites needed to drill test these exploration targets.
Property-Wide Exploration - Significant Drill Intercepts
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Drill Hole From To Interval Gold Length Gold
(meters) (meters) (meters) grams/tonne (feet) ounces/ton
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RSC-080 230.1 260.6 30.5 0.95 100 0.028
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Includes 240.8 243.8 3.0 3.97 10 0.116
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RSC-075 183.0 222.5 39.5 0.55 130 0.016
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RSC-072 low level gold
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RSC-073 low level gold
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RSC-088 low level gold
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"We are pleased to see continued support in these exploration drill results for the porphyry target at Rattlesnake Hills," says Hennigh. "The porphyry exploration target has major size potential, and we believe that we have only touched the edges of this target. Our interpretation is that these results suggest that a gold porphyry lies at depth and may be the major source and driver of both the North Stock and Antelope Basin gold zones."
True widths of mineralization in these drill holes at this stage of exploration are not precisely known. Gold assays were completed by SGS
A complete table of all significant assays from the 2008 and 2009 drill programs is available at http://evolvinggold.com/2009-summary.pdf.
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 five gold properties in and adjacent to the productive Carlin district of northern Nevada. Evolving Gold has the option to acquire 100% of the Rattlesnake Hills project.
The Company has a lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties).
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: Leo Karabelas, Tel: (416) 543-3120, [email protected]; Shiro Rae, Senergy Communications Inc., 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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