Evolving Gold Drilling Expands the Antelope Basin Gold Zone

Rattlesnake Hills Project, Wyoming

VANCOUVER, Jan. 6 /CNW/ - Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") is pleased to announce additional assay results from Antelope Basin in the 2010 core drilling program at the Rattlesnake Hills project in central Wyoming. The infill and step-out drill program at the Antelope Basin gold zone continued to intersect long intervals of gold mineralization, confirming and expanding the gold zone. 

Summary of Results:

  • The 2010 drilling at Antelope Basin, the smaller of the two main gold zones on the Rattlesnake project, was designed to step-out and infill identified gold mineralization. All five drill holes intersected multiple intervals of gold mineralization. Much of the gold mineralization is shallow and oxidized.

  • Drill Hole RSC-153 intersected 102.1 meters grading 1.72 grams per tonne gold (335 feet at 0.050 opt Au), including a high grade interval of 9.1 meters grading 7.06 grams per tonne gold (30 feet at 0.206 opt Au).

"The new drill results include our highest assay to date from Antelope Basin.  Hole RSC-153 intersected 1.5 meters at 25.6 grams per tonne within a 9.1 meter interval grading 7.06 gpt. All of this lies within a remarkably consistent envelope of moderate grade gold mineralization," says Quinton Hennigh, President and Chief Geologist of Evolving Gold.  "In addition to providing infill details, these results have expanded the gold zone and indicate it is open for further expansion."

Mineralized Intervals, Antelope Basin Zone

               
Drill Hole From
(meters)
To
(meters)
Interval
(meters)
Gold
grams/tonne
  Length
(feet)
Gold
ounces/ton
RSC-147 176.8 260.6 83.8 0.74   275 0.022
Includes 228.6 237.7 9.1 2.99   30 0.087
RSC-150 71.6 120.4 48.8 0.32   160 0.009
  135.6 170.7 35.1 0.47   115 0.014
  182.9 214.9 32.0 1.14   105 0.033
RSC-153 1.5 33.5 32.0 0.31   105 0.009
  91.4 193.5 102.1 1.72   335 0.050
Includes 147.8 184.4 36.6 3.38   200 0.099
Includes 147.8 156.9 9.1 7.06   30 0.206
  167.6 175.2 7.6 3.99   25 0.116
RSC-155 7.6 27.4 19.8 0.50   65 0.015
  112.8 193.6 80.8 0.95   265 0.028
Includes 138.7 185.9 47.2 1.34   155 0.039
RSC-156 0 61.0 61.0 0.32   200 0.009
  99.1 164.6 65.5 0.69   215 0.020
Includes 128.0 135.6 7.6 2.01   25 0.059
  155.5 164.6 9.1 2.46   30 0.072

The Company completed a total of 63 core holes in 2010, for a total of approximately 25,600 meters (84,000 ft) of drilling. Final assays results are pending for the last seven drill holes, all of which are from the North Stock gold zone.

All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. Gold assays were completed by SGS Canada Inc. in Toronto, using a 30 gram charge, fire assay, with an ICP finish.

About Evolving Gold Corp.

Evolving Gold is focused on exploring its gold discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on four gold properties in and adjacent to the productive Carlin district of northern Nevada, two of which are 100% controlled by Evolving Gold. In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php.

On Behalf of the Board of Directors

EVOLVING GOLD CORP. 

"Robert Barker"
Robert Barker
CEO and Director

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, except as required by law. We seek safe harbour.


SOURCE Evolving Gold Corporation

For further information:

Investor Relations:
Graham Johnstone
Tel: 778-331-2023
info@evolvinggold.com

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Evolving Gold Corporation

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