/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, Feb. 6 /CNW/ - Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF)
(FSE:EV7) (the "Company") is pleased to announce that it has further increased
its already large land holdings between the Carlin and Getchell Gold trends in
north-central Nevada. The new claims, collectively called the Jake Creek
Project, are situated NW of the Company's large landholdings referred to as
the Sheep Creeks Project, currently being explored by diamond drilling (see
press release dated January 23, 2008).
The Jake Creek property consists of 352 claims totaling 7272 acres, and
is situated approximately 11 kilometers SE of the Twin Creeks (Newmont Mining
Corporation) and Turquoise Ridge (Barrick Gold Corporation) deposits which
comprise part of the linear trend of gold deposits known as the Getchell
The Jake Creek Project, which is 100% owned by Evolving, lies several
kilometers NW of the large, approximately 50,000 acre Sheep Creeks Project
area. At Sheep Creeks, approximately 48,000 acres was staked by Evolving, and
a further 2,000 acres was contributed by Newmont Mining Corporation as part of
a Lease and Sub-lease agreement between Evolving and Newmont. This agreement,
which requires Evolving to act as operator during the earn-in period, involves
approximately 32,000 acres of Newmont exploration lands comprising three
properties along the prolific Carlin Trend, and their contribution to the
Sheep Creeks Project area (see press release dated December 5, 2007).
Evolving's president, Dr. Lawrence Dick, P.Geo states: "With the Jake
Creek and Sheep Creeks areas, Evolving now controls approximately 57,000 acres
of exploration ground situated between the Carlin and Getchell gold trends, an
area which has been largely excluded from historic exploration and has never
before been drilled for large, Carlin-style gold deposits, despite its
geographic location between two of the world's most prolific gold trends. Our
results to date from our first hole, the first ever drilled in this area, have
given us confidence and enthusiasm for proceeding with a large program of
drilling. Evolving plans an aggressive drilling program throughout 2008 to
assess the potential for hidden, Carlin-style mineralization beneath an
overlying sequence of unaltered Miocene-age volcanic rocks and Quaternary-age
Evolving's first drill hole on the Sheep Creek Project ground (see press
release dated January 23, 2008) penetrated approximately 320 meters of
unaltered, Miocene-age volcanic rocks then passed into what the Company
believes are Paleozoic sedimentary rocks which are extremely altered and
pyritized. The hole had to be abandoned at approximately 463 meters for
technical reasons. Within the lowest part of the volcanic sequence, and
continuing into the Paleozoic sedimentary sequence, intense pyritization
occurs in the form of semi-massive replacements; associated with strong
silicification as the matrix of hydrothermal breccias, and as stockwork
veining. Silicification and clay alteration is present to the bottom of the
reverse circulation hole (463 meters). Alteration is of an intensity which
makes the original protolith difficult to identify.
A second hole, pre-collared with reverse circulation to approximately
250 meters depth, and located approximately 150 meters west of the abandoned
reverse circulation hole, is in progress. It, too, penetrated the strongly
brecciated, silicified and pyritized base of the Miocene-age volcanics before
entering what is interpreted to be Paleozoic sedimentary rocks which are
strongly, hydrothermally altered. These rocks exhibit stockwork silica
veining, pervasive silicification and pyritization, strong clay alteration,
and display textural features which indicate intense epithermal alteration.
Geochemical results, now returned from the laboratory, for the first
reverse circulation hole, show that the alteration is accompanied by
geochemically anomalous gold, as well as pathfinder elements commonly
associated with Carlin-style mineralization.
The bottom 235 meters of the hole averages 0.23 grams per ton (gpt) gold,
with individual 5 foot (1.6 meters) intervals ranging up to 1.56 gpt gold (see
press release dated January 23, 2008). The core hole is expected to provide a
much more accurate sample for actual geochemical content, since the sulphide
minerals were largely lost in the cuttings of the reverse circulation hole.
The core hole is planned for a total depth of approximately 700 meters.
Five reverse circulation pre-collared holes have now been completed and
cased to a depth which approximates the bottom of the Miocene volcanic
sequence, and the diamond drill will systematically drill the bottom sections
of the hole from approximately 250 to 700 meters, representing a "fence" of
drill holes across approximately 500 meters of target.
A similar program of drilling is planned for the Jake Creek area once
weather conditions have improved.
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 10 separate gold properties, primarily in known,
producing gold trends in the state of Nevada. The Company has recently
completed first rounds of drilling at the Fisher Canyon (NV, see press release
dated February 1, 2008) and Malone (NM) gold prospects (assays pending at
Malone) and is currently drilling at their large Sheep Creeks (Carlin
District) and Siesta (Sleeper District) gold prospects which Evolving has
acquired by staking in north-central Nevada.
Evolving has entered 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 2, 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. Samples were prepared by ALS Chemex Labs in Elko, Nevada,
and analyzed by ALS Chemex Labs in North Vancouver, B.C.
For more information visit www.evolvinggold.com.
The company also reports that it has filed an amended technical report
entitled "The Geology and Gold Mineralization at the Rattlesnake Hills
Property". This amended document replaces the document previously filed in
December 2007 and can be found on www.sedar.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
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.
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or accuracy of this release.
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