|
|
|
Canada Business News and Press Releases
|
(EMAILWIRE.COM, March 28, 2009 ) Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce its Phase Two drill program at Rattlesnake Hills, Wyoming. Beginning in mid-May, Evolving will utilize three diamond core rigs to drill up to 15,000 meters (48,000 ft).
"Our shareholders are asking us to advance Rattlesnake as quickly as possible, and we intend to meet their expectations." states Quinton Hennigh, Chief Geologist and President of Evolving Gold.
"Two rigs will continue to drill the North Stock high grade and halo zones to further delineate the body of mineralization. The third drill rig will test Antelope Basin, South Stock and the area between North Stock and Antelope Basin. Four new targets will also be tested - two near North Stock and two north and northwest of Antelope Basin."
"We will test a potential connection between mineralization at North Stock and that encountered in one hole at Antelope Basin 600 meters to the south. This summer's drilling will give us an indication if these two zones of mineralization are linked, and will provide a better estimate of the true size potential of the mineralized system at Rattlesnake."
Summary of Rattlesnake Hills Data
Review of the 2008 drill data is complete and has enabled the Company's geologists to develop a better understanding of mineralization.
"We now recognize two major stages of gold mineralization, an early stockwork style hosted by schist surrounding the diatreme and high grade epithermal style hosted along the wall of the diatreme," states Hennigh. "The discovery of significant mineralization beyond the limit of the diatreme allows for the possibility of significant growth. The drill results demonstrate that the high grade zone extends to the surface, a very encouraging development."
Assay results reveal intersections of 2.92 Grams/Tonne over 146 Meters (0.085 oz/ton over 480 ft) and 2.84 Grams/Tonne over 131 meters (0.083 oz/ton over 430 ft) in holes 65 meters (213 ft) apart. Assay results also indicate a large volume of gold halo mineralization.
About Evolving Gold Corp.
Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills project.
Evolving also has 8 other gold properties in New Mexico and Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).
Evolving Gold has approximately $17 million in its treasury.
For more information about Evolving Gold Corp please visit: www.evolvinggold.com.
In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., Chief Geologist and President of Evolving Gold Corp. is the Qualified Person responsible for the accuracy of this news release.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
_________________
Robert W. Barker, Ph.D., P.Geo
C.E.O. and Director
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
Robert Bick, Executive Chairman
robert@evolvinggold.com
Direct: 604 685 6375
Toll Free: 1-866-604-3864
http://www.evolvinggold.com/
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.
Evolving Gold Corp.
Robert Bick, Executive Chairman
604 685 6375
robert@evolvinggold.com 
|
|
|
|
