VANCOUVER, April 23 /CNW/ -Evolving Gold Corporation (CNQ:GOLD)
(OTCBB:EVOGF) is pleased to report that it has acquired, by staking, three new
properties along known, gold-mineralized trends in the gold-rich state of
The three new properties identified by Evolving Gold's geological team
comprise 7,700 hectares which are 100 percent owned by Evolving Gold Corp.
They exhibit many of the geological criteria shown at significant gold
deposits in the state, and lie along major producing trends. These new
properties add to the existing portfolio of gold prospects currently being
explored by Evolving Gold Corp., including the 2,100 hectare Winnemmuca
Mountain prospect (under option to Meridian Gold Inc.) near Winnemmuca,
Nevada, and the Malone gold prospect (under option from Newmont Mining Corp.)
located in New Mexico. Exploration work on this growing portfolio will be
financed by a $3.6 million private placement, recently announced (see press
release dated March 19, 2007).
This round of property acquisition, by staking, is in keeping with
Evolving Gold's mission to utilize their team's experience and successful
track record to acquire and assemble a high-quality portfolio of precious
metals properties in the south-west U.S.
The Siesta claim group comprises 638 claims covering 4,400 hectares
between the Sleeper gold deposit (over 1.5 million ounces produced
historically) and the Sandman deposit (currently being explored by New West
Gold). The claims are situated on the west flank of the Slumbering Hills in
Humboldt County and cover what Company geologists interpret is the
shallowly-buried extensions of major structural features which have been
important in the genesis of both Sleeper and Sandman. Evolving has signed a
contract with Zonge Geosciences, Inc. to begin a systematic geophysical (I.P.)
survey of the claim group, and is planning a concurrent geochemical survey
with the objective of defining drill targets by late summer, 2007.
At Alpha Butte, Evolving has staked 279 claims covering approximately
2,200 hectares. The property was identified using U.S. Geological Survey
stream sediment and soil geochemical data from northern Nevada. The Alpha
Butte claim group is characterized by anomalous gold, arsenic and antimony
values and is situated in close proximity to several multi-million ounce gold
producers. Field examination by Evolving Gold geologists discovered numerous
historic prospect pits and workings over a large area. Surface mapping and
sampling to identify the source of the anomalous gold and associated
pathfinder elements will be carried out over the next several months with the
objective of defining drill targets.
At the Fisher Canyon property, Evolving has staked 179 unpatented lode
mining claims covering 1,100 hectares. The property is located near the Relief
Canyon, Florida Canyon and other significant deposits, and is underlain by
similar sedimentary strata as that which hosts many of the larger gold
deposits in the state. Anomalous surface geochemistry has been identified, and
further geochemical and geophysical surveys, followed by drilling, will be
In compliance with National Instrument 43-101 ("NI 43-101"), Lawrence A.
Dick, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of
this news release.
On Behalf of the Board of Directors
EVOLVING GOLD CORPORATION
Dr. Lawrence A Dick
President and Director
For further information:
For further information: Suite 1500 - 885, West Georgia Street,
Vancouver, B.C., Canada, V6C 3E8, Tel. (604) 685-6375, Fax. (604) 683-8125,
Email. email@example.com, Web. www.evolvinggold.com