- Re-assay Program Increases Grade by 10%
- 30-35 Hole Drill Program Scheduled for Early May
VANCOUVER, April 14 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7)
has defined a zone of gold mineralization at the North Stock target
approximately 450 meters long (1,480 ft), 200 meters wide (660 ft), and
extending from surface to at least 550 meters deep (1,800 ft) where it remains
open. It is also open to the west, east and south and may continue to the
north as it wraps around the margin of the North Stock diatreme. Within this
zone of gold mineralization 41.6% of all meters of core drilled by Evolving
Gold fall within significant intervals of gold mineralization, defined as
being at least six meters long with a grade cutoff of 0.25 gpt Au.
Similar gold mineralization has been intersected in the Antelope Basin
target approximately 725 meters (2,380 ft) south of North Stock. Alteration
patterns and structural features indicate potential continuity of gold
mineralization between North Stock, Antelope Basin and South Stock, a further
250 meters (820 ft) to the south.
Re-Assay Program Increases Grade at Rattlesnake Hills
The metallic screen fire re-assay program has increased the average grade
of re-assayed intervals of gold mineralization by 10% to 0.96 gpt (0.028 opt
Au) from 0.872 gpt (0.025 opt Au). The high grade intersections previously
reported are 146.3 meters at 2.92 gpt Au (480 feet at 0.085 opt Au) and 131.1
meters at 2.84 gpt Au (430 feet at 0.083 opt Au) in holes 65 meters apart. To
view a complete table of assays, go to
"The 10% increase in grade is particularly significant because of the
large zone of gold mineralization," said Quinton Hennigh, Evolving Gold's
President and Chief Geologist. "Our new drill program will expand our
understanding of this gold system and will better define both the high grade
mineralization and the geometry and potential for a large, open pit target."
Similar Gold Projects
The cutoff of 0.25 gpt gold is similar to the current cutoff for the open
pit, heap leach gold mine at Cripple Creek, Colorado which is currently being
mined by AngloGold Ashanti. The 0.96 gpt Au average grade for all significant
intervals of gold mineralization at Rattlesnake compares favorably with the
average grades mined in other large, open pit milling operations and
development projects such as the Fort Knox mine (Kinross) in Alaska, the Lake
Cowal mine (Barrick) in Australia, the Cadia open pit (Newcrest) in Australia,
and the Boddington development (Newmont) in Western Australia.
Rattlesnake Drilling Program
The drill program scheduled to start in early May is planned for 30-35
core holes for a total of 12,000-15,000 meters (39,000-49,000 ft) of drilling.
The drill program will test extensions of the higher grade mineralization at
North Stock and will also test extensions and size potential of the halo gold
mineralization, particularly to the south of the North Stock into the Antelope
Basin and South Stock target areas. Evolving will also test for continuity of
near-surface gold mineralization between the North Stock and Antelope Basin,
approximately 725 meters (2,380 ft) south of North Stock and continue to the
South Stock target, a further 250 meters (820 ft) to the south.
Evolving Gold has initiated bottle roll cyanide leach tests on halo
mineralization. This is the first step in a program of metallurgical test work
at Rattlesnake. Leach tests will be followed by additional metallurgical test
work on the gravity and floatation concentration characteristics the gold
About Evolving Gold Corp.
Evolving Gold is focused on its discovery property - Rattlesnake Hills,
Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills
Evolving also has 8 other gold properties in New Mexico and Nevada
including 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).
Evolving Gold has approximately $17 million in its treasury.
For more information about Evolving Gold Corp please visit:
In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D.,
P.Geo., Chief Geologist and President of Evolving Gold Corp. is the Qualified
Person responsible for the accuracy of this news release.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
Robert W. Barker, Ph.D., P.Geo
C.E.O. and Director
Investors can post questions and receive answers or review questions and
answers posted by other investors at the Evolving Gold Corp. IR Hub at
http://www.agoracom.com/IR/evolving. Investors can also e-mail
firstname.lastname@example.org with questions and correspondence or request to be added to
the investor email list to receive all future press releases and updates in
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Evolving Gold Corp., Robert Bick, Executive
Chairman, email@example.com, Direct: (604) 685-6375, Toll Free: