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VANCOUVER, Nov. 29 /CNW/ - Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF)
(FSE:EV7) (the "Company") is pleased to announce it will soon commence a
drilling program on their Fisher Canyon gold-silver property located in
North-Central Nevada. The reverse circulation drilling program has been
contracted to Diversified Drilling of Missoula, Montana. The program is
scheduled to commence on December 5 and will consist of approximately 2,000
meters of drilling.
Evolving Gold's Fisher Canyon Property is 100 percent owned by the
Company and consists of 179 unpatented lode mining claims covering about
2,700 acres of BLM (Bureau of Land Management land) located in the Humboldt
range, in Pershing county.
President Dr. Lawrence A. Dick comments, "The focus of the drilling
program is to test a 5 km-long zone of anomalous gold and silver geochemistry
obtained by sampling surface exposures of calcareous siltstones. Despite the
presence of significant gold and silver deposits hosted by the same rock unit
in the Humboldt Range, the Fisher Canyon property has seen very little
historic exploration and no past drilling.
The geological setting of Fisher Canyon is very similar to other sediment
and volcanic - hosted deposits flanking the Humboldt Range, including Relief
Canyon (Firstgold Corp.), Spring Valley (Midway Gold), Florida Canyon and
Standard (Florida Canyon Mining Company), Rochester (Coeur d'Alene Mines) and
Willard (closed, formerly Western States Minerals)."
Upon completion of the Fisher Canyon drilling the drill rig will be moved
to The Company's 100 percent-owned Siesta Property, where a much larger
drilling program is planned. At Siesta, the Company holds an 18 kilometer -
long land position between the past-producing Sleeper gold deposit, and the
recent discovery of gold at the Sandman project being explored by Fronteer
Development. At Siesta, extensive geophysical surveys have already been
completed over the property, and numerous drill targets have been identified.
Elsewhere in Nevada, Evolving continues to drill their 100 percent-owned
Sheep Creeks property, comprising approximately 38,000 acres and situated
approximately 35 kilometers north of the town of Battle Mountain, Nevada.
Evolving is also completing a diamond drill program at the 100
percent-owned Malone gold-silver prospect, located near the Tyrone porphyry
copper deposit in southern New Mexico.
For further information on the geology of the Malone, Sheep Creeks,
Fisher Canyon and Siesta projects, as well as descriptions of other projects
which comprise Evolving's project portfolio visit the Company's web site at
As part of its ongoing program of rewarding directors, officers,
employees and consultants The Company has allocated 1,145,000 incentive stock
options exercisable at $0.80 per share which will expire in 2012. Granting of
these options is subject to TSX-V approval.
About Evolving Gold Corp.
Evolving Gold Corp. is an emerging gold exploration and development
company focused on building value through the acquisition and exploration of
world class prospective gold prospects in the southwestern United States. The
Company is actively exploring 12 separate gold properties, primarily in known,
producing gold trends in the state of Nevada.
Evolving recently signed an LOI to enter into an agreement with Newmont
Mining Corporation concerning an exploration partnership on four prospective
gold properties located within the prolific Carlin Gold Trend (see press
release dated October 2nd, 2007). In total, Evolving holds over 100,000 acres
of exploration lands in Nevada, Wyoming and New Mexico.
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.
For more information visit www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"Lawrence A. Dick"
Lawrence A. Dick, Ph.D., P.Geo.
President 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.
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, Chief
Executive Officer: firstname.lastname@example.org, Direct (604) 639-0432, Toll free
1-866-604-3864, www.evolvinggold.com; OR Renmark Financial Communications Inc:
Christopher Wells: email@example.com, James Buchanan:
firstname.lastname@example.org, Tel.: (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com; OR Excelsior Communications Inc.: Miranda Bradley,
Managing Partner, email@example.com, Direct (416) 860-2509,