/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
VANCOUVER, June 24 /CNW/ - Evolving Gold Corp. (TSX-V:EVG) (OTCBB:EVOGF)
is pleased to announce the commencement of the Phase One drill program on its
100% owned Rattlesnake Hills Diatreme Complex Project in Wyoming, designed to
expand the gold mineralization indicated by previous drilling. Evolving has
two diamond drilling core rigs on site to undertake the 7,000 m (23,000 ft)
Phase One drilling will focus on the North Stock diatreme breccia which
measures approximately 700 m (2,300 ft) in diameter as well as the 900 m
(2,950 ft) long and 400 m (1,310 ft) wide Antelope graben extending southward
from the diatreme. Evolving expects that at least one hole will test the 500 m
(1,640 ft) diameter South Stock alkaline intrusion at the southern terminus of
Antelope Graben. Evolving will drill fans of holes at the North Stock diatreme
breccia from an array of pads on approximate 125 m (410 ft) centers to a
vertical depth of 500 m (1,640 ft).
Evolving has identified a second diatreme with a diameter of 900 m
(2,950 ft) immediately northeast of the known, North Stock diatreme. The
second diatreme displays similar alteration to the North Stock diatreme and
covers a mapped footprint of alteration encompassing at least 1.5 square
kilometers (0.58 square miles). Phase Two drilling will include the second
Evolving has staked an additional 243 ha (600 acres) increasing its total
land position at the Rattlesnake Project to approximately 1,578 ha
Historical results (not 43-101 compliant) of the breccias of the diatreme
and graben have encountered drill intercepts including 149 m (489 ft) @ 1.62
g/t Au, 75 m (246 ft) @ 1.28 g/t Au, 60 m (197 ft) @ 1.05 g/t Au, and 101 m
(331 ft) @ 0.78 g/t Au. Approximately 60% of the historic holes terminate in
The Rattlesnake Hills are host to an Eocene alkaline volcanic field
covering about 260 square kilometers (100 square miles) which is part of the
greater Rocky Mountain "alkalic" gold province stretching from British
Columbia to northern Mexico. Other similar volcanic complexes in this belt
host a number of large gold deposits such as Cripple Creek-Victor, Colorado,
Zortman-Landusky, Montana and Ortiz, New Mexico. Of all the known alkaline
volcanic centers in this belt, Rattlesnake Hills is one of the least explored.
On its North Carlin District Properties, Evolving is completing its
initial drilling program at Sheep Creeks and has completed induced
polarization (IP) geophysical surveys and mercury vapor geochemical surveys on
the Sheep Creeks property and on its 100% owned Jake Creek property.
About Evolving Gold Corp.
Evolving Gold is actively exploring nine separate gold properties,
primarily in known, producing gold trends in the SW USA. In total, Evolving
holds over 36,400 ha (90,000 acres) of exploration lands.
Evolving owns 100% of the Rattlesnake Hills Diatreme Complex in Wyoming
(see press release 1/18/2008). Evolving has entered into 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).
The Company has drills operating at their North Carlin District
Properties and has completed first round drilling at the Malone Gold/Silver
Project (NM) (see press release 3/4/2008) and Fisher Canyon (NV) (see press
Evolving Gold is continuing its aggressive drilling and acquisition
In compliance with National Instrument 43-101, Robert W. Barker, Ph.D.,
P.Geo., is the Qualified Person responsible for the accuracy of this news
On behalf of Evolving Gold Corp.
CEO and Director
FORWARD LOOKING STATEMENTS: This document includes forward-looking
statements as well as historical information. Forward-looking statements
include, but are not limited to the continued advancement of Evolving's
general business development, research development and/or Evolving's
development of mineral exploration projects. When used in this document, the
words "anticipate", "believe", "estimate", "expect", "intent", "may",
"project", "plan", "should" and similar expressions are intended to be among
the statements that identify forward-looking statements. Although Evolving
Gold Corp. believes that their expectations reflected in these forward looking
statements are reasonable, such statements involve risks and uncertainties and
no assurance can be given that actual results will be consistent with these
forward-looking statement. Important factors that could cause actual results
to differ from these forward-looking statements include the potential that
Evolving's mineral deposit(s), fluctuations in the marketplace for the sale of
minerals, the inability to implement corporate strategies, the ability to
obtain financing and other risks disclosed in our annual report on Form 20F
filed with the U.S. Securities and Exchange Commission and filings made with
the British Columbia Securities Commission.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
Not For Distribution to U.S. Newswire Services or for Dissemination in
The United States.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Evolving Gold Corp., Robert Bick, CEO,
firstname.lastname@example.org, Direct: (604) 685-6375, Toll Free: (866) 604-3864,
www.EvolvingGold.com OR Miranda Bradley, Investor Relations,
email@example.com, Direct (416) 996-0238 OR Renmark Financial
Communications Inc., Christopher Wells: firstname.lastname@example.org; Barry
Mire: email@example.com, Tel.: (514) 939-3989, Fax: (514) 939-3717,