Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm very ok with this. I think I'll pick up some more shares on this news once I see what investors are going to do.
Evolving Gold Corp.: Agnico Proposed Amendments and Termination of Rattlesnake Hills Joint Venture
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2012) - Evolving Gold Corp. (EVG.TO - News) (EVOGF - News) (EV7.F - News) (the "Company") announces the termination of the Rattlesnake Hills Joint Venture (the "Joint Venture") between EVG and Agnico-Eagle Mines Limited ("Agnico-Eagle"), such termination to be effective June 29, 2012.
On April 10th, 2012 EVG was approached by Agnico-Eagle with a request to amend certain financial commitments of Agnico-Eagle under the Joint Venture due to reductions in Agnico-Eagle's exploration budget for the 2012-2013 season. In its correspondence Agnico-Eagle indicated that it had taken significant write downs on other projects and was experiencing a cash shortage in its exploration budget. As a result, Agnico-Eagle requested deferral of exploration expenditures on the Rattlesnake Hills project to accommodate a "diminished cash flow". Agnico-Eagle expressed its continued interest in the project stating, "With regards to the Rattlesnake Hills project Agnico-Eagle (USA) Limited is fully committed to this venture and are excited about the opportunities it represents to AEM with the discovery of a new gold mine in the US." A further proposal received from Agnico-Eagle on May 9th, 2012 requested even further changes to the JV agreement. The Joint Venture with Agnico-Eagle was established by Evolving Gold for the purpose of furthering exploration work with a well-funded partner. In light of these goals, the Company, although amenable to amending certain terms, was generally unwilling to significantly compromise the payments and exploration expenditures committed to by Agnico-Eagle with respect to the Rattlesnake Hills Project. More specifically, Agnico-Eagle proposed to reduce as much as $11 million from the exploration commitments and cash payments without a reduction in the 70% earn - in. As a result of the inability to reach a compromise that was acceptable to Evolving Gold, Agnico-Eagle provided notice of termination of the Joint Venture.
"Evolving Gold was prepared to negotiate modifications in the Rattlesnake Hills Joint Venture terms to assist its partner, as Agnico-Eagle expressed to us that it 'has experienced some difficult times in the last six months'," stated R. Bruce Duncan, CEO of Evolving Gold. "Evolving Gold believes strongly in the technical merits of the Rattlesnake Hills project. As a Company, Evolving Gold is unwilling to accept major changes in the Joint Venture Agreement, terms that Agnico-Eagle agreed to only one year ago, when the changes would result in unacceptably low exploration expenditure levels." Mr. Duncan continues, "Now that Evolving Gold once again controls 100 percent of the Rattlesnake Hills project we will focus on developing an aggressive exploration program on this large and expanding gold system. Evolving Gold's firm belief in the merits of the Rattlesnake Hills project remains unchanged."
EVG will provide updates to shareholders at such time the Company adopts a plan or strategy.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
R. Bruce Duncan,
President, CEO and Director
Contact:
Rory Quinn
Evolving Gold Corp.
Investor Relations
604.630.0792
Toll Free: 866.604.3864
rory@evolvinggold.com
http://finance.yahoo.com/news/evolving-gold-corp-agnico-proposed-175053769.html
'When, not if' for $2 000/oz gold – Don Coxe
By: Matthew Hill
16th May 2012
JOHANNESBURG (miningweekly.com) – The rout in gold stocks in recent weeks has been “truly stunning”, with investors rushing out of them in a near-manic fashion, but BMO Financial Group strategy adviser Don Coxe continues to believe their fortunes will change.
“When (not if) gold breaks out through $2 000/oz in response to massive central bank monetisation, we expect to have huge rallies in our gold mines that are now selling as if their reserves were dwindling and they faced extinction,” he said in his May issue of Basic Points.
Gold has lost some 12.5% in the past six months to scrape $1 549/oz on Wednesday, while the S&P/TSX Global Gold Index, comprising 64 mainly Canadian producers, has shed 34% over the same period.
Investors fretting over the possibility of Greece splitting from the European Union has sent most asset classes southward this month, with gold being no exception, as investors flock towards the perceived safety of US dollars.
The yellow metal had scaled a new peak just above $1 900/oz in September.
“Remember that the price of gold has risen for ten straight years—something no commodity had ever achieved previously,” Coxe commented.
“Remember also that central banks are continuing to buy gold in impressive quantities, and that sales to Chinese consumers have skyrocketed, thereby offsetting the shrinking demand from India due to the recent sharp drop in the value of the rupee.”
Gold miners will need a price $3 000/oz in five years simply to stay afloat, World Gold Council CE Aram Shishmanian said earlier this week.
French financial institution Natixis earlier this month predicted bullion would average $1 540/oz. Any further stimulus from the US Federal Reserve would be key to the metal's performance, it said.
Coxe, meanwhile, went on to note that many other money managers continued to advise clients to buy bullion exchange-traded funds (ETF) instead of the companies that produce it. Gold miners were the way to go for him, however.
“Our group's gold analyst, Sonny Tahiliani, recently did a calculation of how much gold one buys with $1 000 invested in the ETF compared with a representative major, intermediate and junior operating gold mining company.
“Based on the prices that day, with the ETF, you could buy 62% of an ounce; with Goldcorp nearly four ounces, with Eldorado, more than five, and with little Perseus Mining, nearly seven ounces. We like those comparisons. “
Coxe went on to say the euro crisis would hurt North American stocks, but not break them.
Reason is, the US Federal Reserve “has a licence to print money... so North America will not be driven into recession even if the euro plunges into the Mediterranean”.
Gold mining equities are not the only stocks Coxe likes.
In fact, he is bullish on most material suppliers that will benefit from growing Chinese and Indian consumption. He even titled his report “Is It Now—Finally—Time for Stocks for the Long Run?”.
“Although we agree that North American equity markets should soften near term, their valuations generally no longer reek of 1990s greed and delusion,” he said.
“Stocks – in particular the beaten-down commodity stocks – are now far better bets than bonds. Assuming the US escapes a double-dip recession, equity prices should soon be considerably higher—while interest rates will stay stuck near zero.”
As usual, agriculture features prominently on Coxe’s radar screen.
“We view this sector as having the lowest downside earnings risk within the four commodity stock groups (energy, base metals, precious metals and agriculture).”
http://www.miningweekly.com/article/when-not-if-for-2-000oz-gold-Coxe-2012-05-16
Bob Moriarty of 321gold.com has been bullish on Evolving Gold and been wrong for some time. He remains optimistic, however, judging by this excerpt from his interview in theaureport.com posted today:
Evolving Gold Corp. (EVG:TSX; EVOGF:OTCQX; EV7:FSE) is really an interesting story. It has a joint venture on its Rattlesnake Hills project in Wyoming with a subsidiary of Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), which has agreed to spend $75M to earn half the project. So if half of Rattlesnake is worth $75M, the other half owned by Evolving Gold should also be worth $75M. But you can buy the whole company including its Carlin properties for $29M. Go figure. I visited its Carlin project in December. I think it's very close to a major intersection where it has been drilling in the Carlin Trend.
I visited Gold Standard Ventures Corp. (GV:TSX.V; GDVXF:OTCQX) on the same trip, right next door to Evolving Gold. I said in December that Gold Standard may have already drilled a home-run hole on a major new deposit and not even realized it. In fact, that was the case, and its stock has gone from $1/share to about $2.50/share. Evolving Gold, on the other hand, is in the
.22/share neighborhood, so cheap it's insane. It was as low as
.15/share in 2008, but up to a couple of bucks in 2009–2010.
http://www.theaureport.com/pub/na/13353
Evolving Gold Advances Multiple Drill Holes at Arch Target on the Carlin Trend
VANCOUVER, May 9, 2012 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG, OTCQX: EVOGF, FSE: EV7) ("Evolving Gold" or the "Company") is pleased to announce that diamond core holes CAR-016 and -017 are advancing toward the high-grade Arch Gold Target at its Carlin-Humboldt project on the Carlin Trend in north-central Nevada. This drilling targets the same horizon of silty limestones that previously returned drill intercepts of 18.3 m at 11.7 g/t Au (60 feet at 0.34 oz/t Au) in hole CAR-007, 10.1 m at 11.1 g/t Au (33 feet at 0.32 oz/t Au) in hole CAR-010 and 21.5 m at 6.6 g/t Au (71 feet at 0.19 oz/t Au) in hole CAR-010.1 (all of which were announced in previous press releases). High-grade gold encountered in holes CAR-007, CAR-010 and CAR-010.1 is believed to be proximal to a structural feeder responsible for generating the much larger volumes of lower-grade gold mineralization defined by numerous step-out drill holes at the Arch Gold Target.
Drill hole CAR-016, approximately 70 m southeast of hole CAR-007, is at a depth of approximately 750 m, and CAR-017, approximately 50 m southwest of hole CAR-007, is at a depth of approximately 850 m (please refer to plan map and sectional view of drill traces on pages 2&3). Both holes will test a complex structural zone hosting multiple intervals of high-grade gold mineralization at depths of 850-1,000 m. These holes will be completed over the next 2-3 weeks, with assays expected mid-June. A third hole, CAR-018, approximately 50 m northwest of CAR-007, has been pre-collared with a reverse circulation (RC) hole and awaits core drilling. A fourth hole, CAR-019, approximately 40 m east of CAR-007, will be pre-collared by RC drilling starting this week.
A second high-grade target approximately 700 m southeast of hole CAR-007 will be tested by a fifth hole, CAR-020. This hole is approximately 40 m northwest of hole CAR-002 which intersected 1.5 m at 11.9 g/t Au (5 feet at 0.35 oz/t Au) along with an associated wedge hole, CAR-002.3.1, that intersected 15.7 m at 5.1 g/ t Au (51.5 feet at 0.15 oz/t Au). Both intercepts were announced previously. Drilling at CAR-020 will begin following completion of the RC pre-collar at CAR-019.
Hole CAR-015, approximately 380 m south of hole CAR-007, was recently completed to a depth of 1,057.5 m. This hole encountered host-rocks similar to those in nearby holes. Assays are pending. Hole CAR-014, approximately 310 m southeast of hole CAR-007, was drilled to a depth of 1,023 m earlier this year. Although this hole encountered host rocks and alteration similar to those in nearby holes, it failed to encounter any potentially ore-grade gold mineralization. This hole did encounter long intervals of highly anomalous gold mineralization, with the highest grade interval being 3 m at 0.35 g/t Au beginning at a depth of 374 m.
The high-grade gold zones at the Arch Gold Target sit astride a prominent north-south structural zone that marks the eastern margin of the prominent "Humboldt High" gravity anomaly. Gold Standard Ventures' recently announced gold discovery at its Railroad Project, NBFZ target, sits astride a similar major north-south structure that follows the margin of a prominent gravity high. Gold Standard Ventures' Railroad Project is immediately south of Evolving's Carlin-Humboldt Project on the Carlin Trend. Drilling at the Arch Gold Target is part of Evolving Gold's fully funded $5M 2012 exploration program at Carlin-Humboldt.
Humboldt
As the weather improves, Evolving will construct two drill sites on its Humboldt project in preparation for drilling later this season. One drill hole will test a target on a recently recognized west-northwest-trending structural arch, similar to that found at the nearby Saddle deposit, currently being developed by a joint venture of Newmont Mining and Premier Gold Mines. A second hole will test the intersection of a prominent west-northwest-trending structure with a major north-south-trending structure. This intersection is marked by a gravity low interpreted to reflect hydrothermal alteration in rocks in the subsurface.
Assays
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.
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.
About Evolving Gold Corp.
Evolving Gold is a well-financed gold exploration company, with a focus on large scale gold systems. Its exploration program in Nevada is focused on its extensive portfolio of property holdings that lies within and adjacent to the prolific Carlin Trend gold district in the northern part of the state. Evolving Gold is also actively advancing its gold discovery at Rattlesnake Hills, Wyoming. The Rattlesnake Hills project is in the second year of a $76 million joint venture with Agnico Eagle Mines (USA). For more information about Evolving Gold and its exploration projects please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"R. Bruce Duncan"
R. Bruce Duncan
CEO and Director
http://finance.yahoo.com/news/evolving-gold-advances-multiple-drill-130000649.html
News from EVG's minority owned spinoff, Prosperity Goldfield
Prosperity Goldfields Reports 61.5 m at 3.3 g/t Au, Including 15.0 m at 6.7 g/t Au From Core Drilling at Rusty Zone, Kiyuk Lake, Nunavut
May 7, 2012
http://finance.yahoo.com/news/prosperity-goldfields-reports-61-5-130000567.html
Evolving Gold Closes Second Tranche of Prosperity Goldfields Shares Sale
VANCOUVER, April 25, 2012 /CNW/ - Evolving Gold Corp. (TSX: EVG, OTCQX: EVOGF, FSE: EV7) ("Evolving Gold" or the "Company") is pleased to announce it has closed the final tranche of the sale of a portion of its interest in Prosperity Goldfields Corp. ("Prosperity") previously announced on February 27th, 2012. This second tranche provides proceeds of approximately $1,200,000 to the Company.
The aggregate proceeds of approximately $4,000,000 from the sale of a portion of the Company's holdings in Prosperity Goldfields Corp. will be used to advance exploration work on the Company's Nevada projects and for general working capital.
Following the sale, Evolving Gold continues to hold approximately 3,975,000 common shares of Prosperity and 1,667,000 warrants, each warrant exercisable to acquire one common share of Prosperity at a price of $0.25 until November 5th, 2012.
R. Bruce Duncan, CEO of the Company, stated "We are pleased to conclude the sale of this portion of our holdings in Prosperity. The sale will allow us to advance robust, fully funded drilling programs at our Carlin, Humboldt and Jake Creek gold projects in Nevada, while still enabling the Company's continued participation in the upside of Prosperity through the balance of our share holdings."
About Evolving Gold Corp.
Evolving Gold is a well-financed gold exploration company, with a focus on large scale gold systems. Its exploration program in Nevada is focused on its extensive portfolio of property holdings that lies within and adjacent to the prolific Carlin Trend gold district in the northern part of the state. Evolving Gold is also actively advancing its gold discovery at Rattlesnake Hills, Wyoming. The Rattlesnake Hills project is now in the second year of a $76 million joint venture with Agnico Eagle Mines (USA). For more information about Evolving Gold and its exploration projects please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"R. Bruce Duncan"
R. Bruce Duncan
CEO and Director
Investor Relations:
Rory Quinn
Tel: 604.685.6375 Ext: 1
TF: 866.604.3864
rory@evolvinggold.com
http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8489320
Evolving Gold: 2012 Fully Funded $5M Nevada Exploration Program
VANCOUVER, April 3, 2012 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG.TO - News) (OTCQX: EVOGF.PK - News) (FSE: EV7.F - News) (the "Company") is pleased to provide details of the 2012 fully-funded $5 million exploration programs at its Carlin, Humboldt and Jake Creek gold projects, in and adjacent to the productive Carlin district of northern Nevada.
Carlin Project - Arch Gold Discovery
•The upcoming field season includes drilling 6,000 m in five drill holes as part of a $3.2 million program. RC pre-collar drilling, followed by core drilling, will focus on the upper high grade gold zones encountered in holes CAR-002, -007 and -010.
• Holes will be closely spaced to CAR-002 (wedge hole, 15.7m of 5.1 g/t Au, including 1.4m of 38.1 g/t Au) reported June 20th 2011, CAR-007 (18.3 m of 11.7 g/t Au) reported February 5th, 2010, and CAR-010 (10.1 m of 11.1 g/t Au) reported April 14th 2011.
• Holes will be completed 30 m to 50 m from existing drilling in order to establish continuity and geometry of the high grade (+10 g/t Au) gold zones.
• Successful holes will be followed by multiple wedge holes from the original hole, in some cases utilizing a mud motor to maximize separation, to provide multiple intersections from a single "mother" drill hole.
• Drill hole CAR-014 is complete with assays pending. CAR-015 core drilling is in progress, currently at 900m of a projected total depth of 1,100m. An RC pre-collar is complete for CAR-016 and a pre-collar for CAR-017 is in progress. Additional RC pre-collars are scheduled for completion by the end of May.
Humboldt Project
• The Company plans two drill holes, for a total of 2,000 m and an expenditure of $900,000. One hole will test a gravity embayment, interpreted to reflect the presence of decalcification in underlying limestone. A second will test a large area of hydrothermal alteration that coincides with the intersection of a NW-striking anticline and a NE-striking fault zone. Drilling will start in May, after the spring thaw.
Jake Creek Project
• The Jake Creek program includes 5,000 m of RC drilling in two target areas, with an anticipated start in June and a budget of $900,000. In addition, a property-wide airborne magnetic survey will start in April, and additional geological mapping, prospecting and sampling will be completed prior to the summer drill program.
"I'm pleased to announce the fully funded 2012 exploration program at our Nevada gold projects" states R. Bruce Duncan, CEO of the Company. "The Arch discovery is a big, powerful gold system demonstrating thick, high grade gold intersections up to 625 metres apart. In 2012 the Company will work to demonstrate continuity of these high grade areas by tightening up step-out drilling to 30-50 metres from the known high grade. Even large gold deposits in the Carlin Trend can have relatively small footprints in area due to their thickness and high grade gold concentration, so it is important to better understand the orientation and extent of these high grade mineralized areas," Mr. Duncan continued. "Further, we're excited to drill two high priority targets at our 100% owned Humboldt property and to expand the drilling and exploration effort at our 100% owned Jake Creek project."
About Evolving Gold's Carlin-Humboldt Projects
Evolving Gold's Arch discovery is part of a large 145 sq. km land package the company assembled directly on the Carlin Trend between the +30M oz Gold Quarry sub-district and the +4M oz Rain sub-district. In 2009 Evolving Gold completed its first drill test in the region. The hole tested a gravity embayment target and successfully intersected favorable lower plate carbonate host rocks and confirmed vertically-extensive Carlin-style alteration, and mineralization. Since that first hole, ten additional core holes have been completed. Select drill results from depths of 750 to 1,260 m include: 18.3 m of 11.7 g/t Au, 10.1 m of 11.1 g/t Au, and 14.7 m of 8.8 g/t Au. The Carlin and Humboldt Projects are crossed by an interstate highway and are close to the Gold Quarry processing facilities, including the largest gold ore roaster in the world. The Company is drilling grades and depths that are consistent with gold mining and development elsewhere on the Carlin Trend.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. In compliance with National Instrument 43-101, Company Director, Robert Barker, Ph.D., Certified Professional Geologist, AIPG, is the Qualified Person responsible for the accuracy of this news release.
For more information about Evolving Gold please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
R. Bruce Duncan
CEO and Director
http://finance.yahoo.com/news/evolving-gold-2012-fully-funded-130000883.html
New Gold Targets Identified at Rattlesnake Hills Project
VANCOUVER , March 26, 2012 /CNW/ - Evolving Gold Corp. (TSX:EVG.TO; OTCQX:EVOGF.PK - News) (FSE: EV7.F - News) (the "Company") is pleased to report that surface exploration in 2011 identified new gold targets at its Rattlesnake Hills gold discovery in Wyoming, a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Agnico-Eagle is the manager of the Rattlesnake Hills joint venture and is funding 100 percent of the exploration program.
Summary of Results:
• Surface exploration included 1,279 soil samples and 368 rock chip samples.
• The soil survey identified new gold target zones outside of the known gold occurrences at North Stock and Antelope Basin.
• Gold (Au) anomalies were identified with a similar magnitude to North Stock and Antelope Basin at South Stock, Confluence, Pronghorn, and E-W Breccia. The South Stock anomaly has a larger footprint than North Stock. See Figure 1.
Evolving Gold Closes First Tranche of Prosperity Goldfields Shares Sale, Restructures Carlin Nevada Property Payments
VANCOUVER, March 12, 2012 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG, OTCQX: EVOGF, FSE: EV7) ("Evolving Gold" or the "Company") is pleased to announce the closing of the first tranche of the sale of a portion of its interest in Prosperity Goldfields Corp. ("Prosperity") previously announced on February 28, 2012. The first tranche consists of aggregate proceeds of approximately $2,800,000 to Evolving Gold.
The Company expects the second tranche to close concurrent with the amalgamation (the "Amalgamation") of Smash Minerals Corp. and Prosperity, originally announced by the parties on January 5, 2012, subject to receipt of any required regulatory approvals. The second tranche consists of aggregate proceeds of approximately $1,200,000. All purchase funds in connection with the second tranche have been deposited in trust pending closing.
Proceeds from the sale will be used to advance exploration work on the Company's Nevada projects and for general working capital.
R. Bruce Duncan, CEO of the Company, stated "We are pleased to conclude this first tranche of the sale of Prosperity Goldfields shares. This sale raises a significant amount of money for Evolving Gold without any dilution to our shareholders. It will allow us to move forward with a robust drilling program at our Carlin, Humboldt and Jake Creek gold projects in Nevada."
The Company is also pleased to announce that it has re-negotiated the terms of the Humboldt Property lease payments which were made in connection with the land acquisition and aggregation carried out during 2008-10. The lease payments (expressed in US dollars) are secured by promissory notes, which were revised to the following terms:
a) $3,200,000 bearing an interest rate of 4% until February 10, 2016, at which time the interest rate will be the Wall Street Journal bank prime lending rate (the "Prime Rate") plus 1%. Payments of $523,000 were made on February 10, 2012 and will be due each year thereafter until February 10, 2018 at which time the balance remaining will become due and payable.
b) $1,800,000 bearing an interest rate of 4% until February 10, 2016, at which time the interest rate will be the Prime Rate plus 1%. Payments of $295,000 were made on February 10, 2012 and will be due each year thereafter until February 10, 2018 at which time the balance remaining will become due and payable.
c) $2,200,000 bearing an interest rate of 4% until February 10, 2016, at which time the interest rate will be the Prime Rate plus 1%. Payments of $360,000 were made on February 10, 2012 and will be due each year thereafter until February 10, 2018 at which time the balance remaining will become due and payable.
The effect of the amendments are to reduce the annual cost of maintaining the Company's vast, highly-prospective land position on the prolific Carlin trend (Nevada), and to extend smaller payments over a longer period of time. In consideration for the amendment the Company will pay interest at the rate described above. This amendment ensures prudent and effective use of the Company's finances, with an increased focus of expenditures on drilling and exploration and discovery activities.
"We are pleased with these amendments to the lease payments, as they will help us focus on the exploration and discovery process on our highly prospective and large land holdings in our Carlin and Humboldt gold projects. As a management team we are committed to prudent financial management and ensuring an aggressive, discovery oriented exploration program," stated R. Bruce Duncan, CEO.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"R. Bruce Duncan"
R. Bruce Duncan
CEO and Director
http://finance.yahoo.com/news/evolving-gold-closes-first-tranche-131500653.html
Evolving Gold Announces Sale of Prosperity Goldfields Shares
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - Evolving Gold Corp. (TSX:EVG.TO - News), (OTCQX:EVOGF.PK - News), (FRANKFURT:EV7.F - News) ("Evolving Gold" or the "Company") is pleased to announce it has reached agreements to sell a portion of its interest in Prosperity Goldfields Corp. ("Prosperity") to certain purchasers for aggregate gross proceeds of $4,000,000. Certain of the purchasers are or will become insiders of Prosperity.
The sale involves approximately two-thirds of the Company's current holdings of 11,933,563 common shares of Prosperity and 5,000,000 warrants, each warrant exercisable to acquire one common share of Prosperity at a price of $0.25 until November 5, 2012.
"The sale of a portion of its Prosperity interest allows Evolving Gold to fund drill-intensive exploration of its Carlin-Humboldt project in the prolific Carlin trend of northern Nevada, whilst maintaining meaningful exposure to the upside potential at Prosperity, without creating unnecessary shareholder dilution in the context of the current capital markets", stated R. Bruce Duncan, the CEO of the Company.
The initial closing of the transaction is anticipated to occur on or about March 7, 2012 with a subsequent closing anticipated concurrent with the amalgamation (the "Amalgamation") of Smash Minerals Corp. and Prosperity originally announced by the parties on January 5, 2012, subject to receipt of any required regulatory approvals. The Company will file a notice of intention to distribute securities with the relevant securities regulators in due course.
Evolving Gold also announces it has entered into a lock-up agreement in support of the Amalgamation.
Evolving Gold also announces that Dr. Quinton Hennigh has been appointed to the technical Advisory Board of the Company. Dr. Hennigh, previously President and Chief Geologist of the Company, was heavily involved in the development of the Carlin-Humboldt exploration targets and has been a strong supporter of a focused, intensive deep drilling program on the Company's extensive land position in the south end of the prolific Carlin Trend gold system.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: http://www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
R. Bruce Duncan,
CEO and Director
Contact:
Rory Quinn
Evolving Gold Corp.
Investor Relations
604.630.0792
866.604.3864 (FAX)
rory@evolvinggold.com
http://finance.yahoo.com/news/Evolving-Gold-Announces-Sale-ccn-1993026630.html?x=0
All this great news and still UNDER the MA40 weekly and MA200!!! Load the wheel barrow, maw...
BTW, Dan - I changed my screen name! No more FJ!!!
Evolving Gold Expands the Epithermal Gold System at the Jake Creek Project, Nevada
VANCOUVER, Feb. 24, 2012 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG.TO - News) (OTCQX: EVOGF.PK - News) (FSE: EV7.F - News) (the "Company") is pleased to announce that the 2011 drill program at its 100% owned Jake Creek gold property in Nevada expanded the size of the gold system. Intersections included 39.6m of 0.873 g/t Au, and 19.8m of 0.676 g/t Au, including 1.5m of 3.1 g/t Au.
Summary of Results:
The 2011 Jake Creek reverse-circulation (RC) drilling program included 3,580.8 meters of drilling in eleven holes. The eleven holes stepped outward to the west and east from drill hole JC-005, a 2010 drill hole that intersected 28.9m of 1.33 g/t gold and included a 1.5m interval of 11.3 g/t gold from 236.2 - 237.7 meters (release November 18, 2010). Results of the eleven-hole program are as follows:
•Drill-hole intersections include: 39.6m of 0.873 g/t gold in JC-002, 19.8m of 0.676 g/t gold in JC-006, 1.5m of 3.1 g/t gold within 16.7m of 0.605 g/t gold in JC-013.
•Drilling successfully outlined an epithermal, volcanic-hosted gold system containing sub-horizontal and laterally extensive low-grade gold mineralization. Gold mineralization includes locally banded epithermal veins and gold in quartz-stockwork zones up to 11.3 g/t.
•Drilling indicates that the gold system exceeds 550 meters wide east-west and remains open to the north, south and east.
•JC-013, the most easterly drill hole, confirmed the presence of multiple zones of epithermal veins with banded quartz and sooty pyrite, as well as sulfidized basalt dikes.
•Gold mineralization is hosted in bleached, clay altered and silicified tuff above Paleozoic siliciclastic rocks. Gold-bearing zones contain elevated concentrations of arsenic, selenium, antimony, mercury and silver, typical of other well-documented epithermal, volcanic-hosted gold systems.
"We are excited to have identified another large, blind gold system in Nevada, between the large Twin Creeks and Getchell deposits to the west, and the Midas district to the east," says Steve Koehler, Chief Geologist for the Company. "We have just begun to explore this exciting system. The strong alteration, multiple zones of epithermal, banded quartz and sooty pyrite veins, along with extensive gold mineralization is all very encouraging in a system which remains wide open for expansion. We believe the Jake Creek gold target has great potential and look forward to further drilling on this project."
Jake Creek 2011 Drill Hole Results
Drill Hole TD Az/Inc Interval Grade g/t Depth (m) Interval Grade Depth (ft)
(ft) (m) Au (ft) oz/t Au
JC-002* 1020 270/-60 39.6 0.873 256.1-295.7 120 0.027 850-970
JC-003* 1300 033/-60 1.5 0.393 309.4-310.9 5 0.011 1015-1020
JC-004 765 090/-60 4.6 0.319 227.1-231.7 15 0.009 745-760
JC-006* 1030 090/-60 19.8 0.676 221.0-240.8 65 0.020 725-790
3.1 0.620 271.3-274.4 10 0.018 890-900
JC-007 800 090/-60 3.1 0.351 207.2-210.3 10 0.010 680-690
JC-008 1100 090/-60 12.2 0.412 250.0-262.2 40 0.012 820-860
12.2 0.930 268.2-280.4 40 0.027 880-920
JC-009 1230 059/-65 1.5 0.373 185.9-187.4 5 0.011 610-615
JC-010 1200 100/-45 3.1 0.412 283.5-286.6 10 0.012 930-940
JC-011 880 095/-50 1.5 0.618 160.0-161.5 5 0.018 525-530
7.6 0.550 181.4-189.0 25 0.016 595-620
JC-012 1040 065/-65 6.1 0.344 161.6-167.7 20 0.010 530-550
6.1 0.371 172.3-178.4 20 0.011 565-585
JC-013 1380 090/-60 16.7 0.605 321.6-338.3 55 0.018 1055-1110
Includes 1.5 3.10 323.1-324.6 5 0.090 1060-1065
1.5 0.351 5 0.010 1130-1135
Evolving Gold Corp. Appoints R. Bruce Duncan as CEO
VANCOUVER, Feb. 23, 2012 /CNW/ - Evolving Gold Corp. (TSX: EVG.TO; OTC:EVOGF - News) (FSE: EV7.F - News) (the "Company") announces that R. Bruce Duncan will succeed William (Bill) Gee as Chief Executive Officer (CEO) of the Company, effective February 22, 2012.
The Board of Directors of Evolving Gold Corp. has appointed R. Bruce Duncan to the position of Chief Executive Officer (CEO) of Evolving Gold Corp., effective February 22, 2012. Mr. William (Bill) Gee, has stepped down from the Board of Directors of the Company and from the post of CEO to pursue other opportunities in the mining sector. The Board of Directors of the Company thanks Mr. Gee for his loyal and supportive work for the Company and wish him well in his future business activities.
As the new CEO of the Company, Mr. Duncan brings over thirty years of experience in the capital markets and brokerage industry. Mr. Duncan is currently the President of West Oak Capital Partners Inc., which provides strategic advisory services, including identifying and qualifying merger and acquisition candidates and advising on public transactions. Mr. Duncan was instrumental in leading the spinout of the Kiyuk resources from Evolving Gold into Prosperity Goldfields Corp., and has led the pending amalgamation of Prosperity Goldfields Corp. with Smash Minerals Corp. (subject to shareholder approval). Mr. Duncan currently serves as a Board Member for a number of public companies, and he has been a Board Member of Evolving Gold Corp. since May 2010, and was heavily involved in the last financing for the Company. Mr. Duncan has extensive experience advising on corporate takeovers, both friendly and hostile, designing and executing effective approaches to acquiring assets, and implementing defensive strategies.
Mr. Duncan brings a strong understanding of the markets, financing, and corporate mergers and amalgamations. This experience will be extremely valuable to the Company as it moves forward with exploration on its large land position in Nevada, and continues to monitor developments at its Rattlesnake Hills gold project in Wyoming, which was recently joint ventured with Agnico Eagle. He will continue as an executive member of the Board of Directors of the Company.
About Evolving Gold Corp.
Evolving Gold is focused on exploring the 100% controlled Jake Creek Project, the Carlin Project, and the 100% controlled Humboldt Project, all in Nevada. The Rattlesnake Hills gold Project in Wyoming, an alkalic gold system similar to the Cripple Creek gold district in Colorado, was recently joint ventured with Agnico Eagle. Agnico Eagle completed an extensive exploration program at Rattlesnake Hills during the 2011 field season. For more information about Evolving Gold please visit: http://www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"Robert Barker"
Robert Barker
Director
Contact:
Investor Relations:
Rory Quinn
Tel: 604.630.0792
TF: 866.604.3864
rory@evolvinggold.com
http://finance.yahoo.com/news/Evolving-Gold-Corp-Appoints-R-cnw-819205299.html?x=0
Today's PR from Evolving Gold's 37% owned spinoff, Properity Goldfields...
Prosperity Goldfields Corp. Kiyuk Gold Project Update; Additional Assay Results, Spring Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2012) - Prosperity Goldfields Corp. (TSX VENTURE:PPG.V; OTC:PSPGF - News) ("Prosperity Goldfields") is pleased to provide an update on its 100% controlled Kiyuk Gold Project in Nunavut.
Metallic Screen Gold Assays
Prosperity Goldfields has recently received metallic screen assays for select drill intervals first reported in a news release dated September 15, 2011. Metallic screen assay results for the single drill hole (RU11-001) that tested the Rusty Zone show an increase in average gold grade of 11% from 1.70 gpt Au to 1.92 gpt Au from surface to 157.6 meters total depth. The interval 5.2 - 35.7 meters increased 14% from 4.91 gpt to 5.69 gpt Au. Results of metallic screen fire assays for the Gold Point Zone and the Cobalt Zone are more variable, showing both increases and decreases in the gold assay results for the longer assay intervals (greater than 10 meters). Statistical analysis of the metallic screen assays versus initial fire assay data indicates a positive variance of 0.04 grams per tonne Au based on a population of 423 samples. However, the data show a minor, yet systematic, increase in gold captured by the metallic screening process: +0.18, +0.52, and +2.67 grams per tonne gold for samples that register greater than 1.0, greater than 5.0, and greater than 10.0 grams per tonne Au, respectively.
Results for the longer assay intervals (greater than 10 meters) from drill holes at the three zones are shown in the tables below.
Summary of Metallic Screen Results from the Rusty Zone
----------------------------------------------------------------------------
Gold Gold Gold Gold
(gpt)- (gpt)- (opt)- (opt)-
Initial Metallic Initial Metallic
From To Length Fire Screen Length Fire Screen
Hole (meters)(meters)(meters) Assay Assay (feet) Assay Assay
----------------------------------------------------------------------------
RU11-001 0.0 157.6 157.6 1.70 1.92 516.9 0.050 0.056
including 0.0 52.4 52.4 3.27 3.82 171.9 0.095 0.112
including 5.2 35.7 30.5 4.90 5.68 100.0 0.143 0.166
including 16.5 35.7 19.2 6.17 7.49 63.0 0.180 0.219
including 28.0 31.1 3.1 20.84 30.55 10.2 0.609 0.892
including 76.8 86.3 9.5 3.31 3.58 31.2 0.097 0.105
----------------------------------------------------------------------------
Summary of Metallic Screen Results from the Gold Point Zone
----------------------------------------------------------------------------
Gold Gold Gold Gold (gpt)- (opt)- (opt)-
(grams Metallic Initial Metallic
From To Length per Screen Length Fire Screen
Hole (meters)(meters)(meters) tonne) Assay (feet) Assay Assay
----------------------------------------------------------------------------
GP11-002 102.7 121.0 18.3 1.41 1.54 60.0 0.041 0.045
including 104.3 108.8 4.5 3.21 3.38 14.8 0.094 0.099
GP11-003 99.4 104.0 4.6 6.10 4.99 15.1 0.178 0.146
148.6 212.2 63.6 2.84 2.77 208.6 0.083 0.081
including 148.6 187.2 38.6 4.15 4.12 126.6 0.121 0.120
including 151.2 156.6 5.4 11.64 10.58 17.7 0.340 0.309
including 177.1 182.9 5.8 8.58 8.41 19.0 0.251 0.246
GP11-005 108.8 122.6 13.8 2.06 2.35 45.3 0.060 0.069
178.0 191.2 13.2 2.32 2.57 43.3 0.068 0.075
GP11-006 214.7 222.7 8.0 6.25 5.58 26.2 0.183 0.163
including 214.7 218.0 3.3 11.95 9.89 10.8 0.349 0.289
319.2 329.4 10.2 1.56 1.17 33.5 0.046 0.034
including 325.9 328.0 2.1 4.27 2.50 6.9 0.125 0.073
----------------------------------------------------------------------------
Summary of Metallic Screen Results from the Cobalt Zone
----------------------------------------------------------------------------
Gold Gold Gold Gold (gpt)- (opt)- (opt)-
(grams Metallic Initial Metallic
From To Length per Screen Length Fire Screen
Hole (meters)(meters)(meters) tonne) Assay (feet) Assay Assay
----------------------------------------------------------------------------
CS11-002 52.4 84.5 32.1 1.82 1.91 105.3 0.053 0.056
including 64.1 81.4 17.3 2.41 2.70 56.7 0.070 0.079
CS11-004 67.7 98.2 30.5 1.20 1.24 100.0 0.035 0.036
including 84.5 96.6 12.1 2.01 1.98 39.7 0.059 0.058
CS11-005 90.5 96.6 6.1 2.03 1.63 20.0 0.059 0.048
CS11-007 104.3 110.4 6.1 4.38 3.46 20.0 0.128 0.101
----------------------------------------------------------------------------
Weighted averages were used to calculate all reported intervals
Evolving Gold's February 14th Corporate Presentation (EVG ~ EVOGF)
http://www.evolvinggold.com/assets/files/pdf/EVGptn-14Feb12.pdf
Evolving Gold Corp. National Instrument 43-101
Technical Report on the Rattlesnake Hills Project, Natrona County, Wyoming USA
Northern Miner article re: EVG's 37% owned Nunavut spinoff, Prosperity Goldfields
Smash Minerals and Prosperity Goldfields to merge
2012-01-06
When Adrian Fleming, co-founder of the wildly successful Underworld Resources, listened to a presentation at his Vancouver office in November last year from Prosperity Goldfields' (CDNX:PPG.V; OTC:PSPGF) chief geologist Quinton Hennigh about a prospect in Nunavut called Kiyuk Lake, he felt an overwhelming sense of deja vu.
"I just had this flash that took me back to where we were at with Underworld Resources at the end of 2008," Fleming recalls. "At the end of 2008 we had eight or nine drill holes and the best of those was 50 metres of 3 grams gold per tonne. Once we completed the 2008 drill program I knew absolutely that we were on a winner. I was living in New Zealand and I said to my wife 'Sorry darling, we've got to move back to Vancouver. This one is going to be a home run.'"
Fleming was right on the money and Underworld Resources went on to define the Golden Saddle deposit in the White Gold district of the Yukon, which was sold to Kinross Gold (K-G, KGC-N) in 2010 in a transaction valued at about $139 million. The discovery of Golden Saddle, which hosts a National Instrument 43-101 indicated resource of 1 million ounces of gold at a grade of 3.2 grams gold per tonne, led to a staking rush with roughly fifty companies now exploring what is known as the White Gold district.
After meeting Hennigh and hearing the geologist talk about the interesting drill results Prosperity Goldfields was getting from Kiyuk Lake, Fleming says he was convinced it too would turn out to be something special.
Last year Prosperity Goldfields' 2,600 metre drill program at Kiyuk Lake returned encouraging results from three separate targets. At the Rusty target, hole 1 returned 157.6 metres of 1.7 grams gold per tonne from the surface, including 30.5 metres of 4.9 grams gold from 5.2 metres. At the Gold Point target, hole 3 returned 63.6 metres at 2.84 grams gold from 148.6 metres.
Fleming, the chief executive of Smash Minerals (SSH-V), which owns the Whiskey project to the east of the Golden Saddle deposit in the Yukon, had been looking for another project to shore up its pipeline. Smash was scouring the Yukon where it was well known and already had enjoyed great success. By the time it became aware of Kiyuk Lake, the company had completed a shortlist of projects it felt had the potential for a farm-in or a business opportunity of some kind.
"Then Kiyuk popped up and we said 'Holy Moly, this thing is way better than anything we were looking at in the Yukon and that began our discussions," Fleming recalls.
On Jan. 5 the two companies announced that they plan to combine their assets and merge into a new company to be called Prosperity Goldfields, with Fleming at the helm. Once the combination has been completed, Prosperity shareholders will own about 74% of the new company and Smash shareholders about 26%.
The new company will have about 58.6 million shares outstanding and about $8 million in working capital to spend on drill programs on both projects this year. In the Yukon the combined company will drill Smash's early stage Whiskey project, which the company believes has similar geology to the Golden Saddle discovery and Kaminak Gold's (KAM-V) Coffee property. The Whiskey project encompasses 846 square kilometres including the placer gold rich Black Hills and Barker Creeks. Despite there being active placer gold mining operations in this area since the early 1900s, Smash states on its website, no systematic hard rock exploration has been carried out on the Smash area.
In southern Nunavut it will drill more of the Kiyuk Lake property, about 100 km northeast of the four corners of Saskatchewan, Northwest Territories, Manitoba and Nunavut. Kiyuk Lake is made up of about 50 claims spanning 430 square kilometres and gold showings were first recognized there in 1992. (Newmont Mining (NMC-T, NEM-N) drilled Kiyuk between 2006 and 2008 but "didn't hit anything, absolutely nothing," Fleming remarks.)
The new group will have "a stronger technical and management team," as well as "a lot of smarts" and "more horsepower," Fleming explains in a telephone interview from his home in New Zealand. "We think it's a good development for Smash and gives us a second string to our bow."
"The key person in this whole game is Quinton [Hennigh] who has a great reputation in the industry and has been involved with a number of discoveries," Fleming continues. "He is one of the best exploration geologists in the Americas-an outstandingly competent technician."
Even before the deal closes Fleming says he has already started working with Quinton on the 2012 drill program that could involve as much as 10,000 metres of drilling at the two projects at a cost of about $5 million. The drill program in Nunavut will begin immediately after Round-Up in the second week of March, he says, with a second one at Kiyuk starting again later in the year. Drilling at Whiskey will start in June.
"One of the things we'll be putting a lot of energy into this year is better understanding the geology [at Kiyuk]," Fleming says. "It's going to be important to get our boots on with hammer in hand and pound the ground and try to improve our understanding of what's going on geologically and structurally. That will help us place our drills in the right spot."
The Kiyuk deposit shares similar geological traits to gold deposits such as the Telfer deposit in Western Australia and the Sadiola and Morila deposits in Mali, Prosperity Goldfields states on its website.
"We are in greenstone terrain but the style of it is a little bit unusual in that it is hydrothermal obviously and strong albite alteration with magnetite and pyrite and that's a little bit different from, say, Committee Bay, Hope Bay, Kirkland Lake, Timmins and all the well known greenstone belts in Canada," Fleming says.
The amalgamation of the two companies, expected to close in April, will be completed on the basis of one common share of Prosperity for each one common share of the new company and 1.6 common shares of Smash for each one common share of the new company. All warrants and options of Prosperity and Smash outstanding on the closing date of the transaction will be converted into warrants and options of the new company on the same ratios.
At presstime in Toronto Prosperity Goldfields was trading at 59¢ per share within a 52-week range of 15¢-$1.48 per share.Smash Minerals, which listed on the TSX Venture Exchange in April 2011, was trading at 35.5¢ per share, within a 52-week range of 30¢-$1.39 per share.
© 1915 - 2012 The Northern Miner. All Rights Reserved.
http://www.smashminerals.com/news-and-media/the-northern-miner-smash-minerals-and-prosperity-goldfields-to-merge/
Evolving Gold: Drilling Intersects High Grade Gold In New Gold Target at Rattlesnake Hills, Wyoming
VANCOUVER, Jan. 23, 2012 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG.TO - News) (OTCQX: EVOGF.PK - News) (FSE: EV7.F - News) (the "Company") is pleased to provide an update of the 2011 drilling at its Rattlesnake Hills gold property in Wyoming, a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Core drilling during 2011 has identified high grade gold mineralization at a new target at South Stock, identified a new porphyry target at Northeast Stock, expanded the North Stock mineralization, and confirmed the porphyry target between North Stock and Antelope Basin. Agnico-Eagle is the manager of the Rattlesnake Hills joint venture and is funding 100 percent of the exploration program.
Summary of Results:
The 2011 exploration program at Rattlesnake Hills included a total of 8,193m (26,880 ft) of core drilling in 24 holes. The results of the final 13 holes of the program are reported here.
* South Stock Target: Exploration drilling has intersected high-grade gold mineralization at the new "South Stock" gold target in drill hole RSC-180, 3.1m of 9.30g/t Au. This new gold zone is located 500m south of the Antelope Basin Gold Zone and is hosted by stockwork adularia-dolomite-sulfide veinlets. Soil and rock chip geochemistry shows gold anomalies over an area larger than at the North Stock Gold Zone.
* North Stock Gold Zone: Drilling at the North Stock Gold Zone has enlarged and confirmed lateral continuity of grade across the known deposit. Drill holes intersections include 102.1m of 0.69g/t Au in RSC-170, 62.5m of 1.84g/t Au in RSC-171 and 42.7m of 1.13g/t Au in RSC-175.
* North East Stock Target: The first exploration drill tests of the new North East Stock Target (RSC-172,-173,-174) intersected intensely altered porphyry stocks that do not outcrop, demonstrating potential for large, hidden, gold-mineralized porphyry bodies.
* Porphyry Target: Drill hole RSC-168, in the Porphyry Target Zone, immediately south east of North Stock, hosts multiple low to moderate grade gold intercepts in diorite and porphyry intrusions, associated with stockwork veinlet and intense potassic alteration.
"The 2011 exploration drilling program has continued to intersect new gold zones and expand on the known gold mineralization at the Rattlesnake Hills Project. We are particularly excited to demonstrate high grade gold at South Stock, a new gold zone drilled for the first time in 2011", comments William Gee, CEO of Evolving Gold. "Surface work shows that South Stock represents a large new zone of essentially untested anomalous gold mineralization, close to the center of this large gold system. South Stock, Northeast Stock, and several additional new drill targets generated by extensive surface sampling in 2011 will be a focus of our 2012 exploration program."
Rattlesnake Hills Project Gold Assays
Hole From to Interval Au Interval Au
(m) (g/t) (ft) (oz/t)
RSC-168 259.0 266.7 7.6 2.50 24.9 0.073
387.1 406.9 19.8 0.63 64.9 0.018
605.0 615.7 10.7 0.41 35.0 0.012
RSC-169 198.1 254.5 56.4 0.27 185.0 0.008
RSC-170 126.5 228.6 102.1 0.69 334.9 0.019
includes 164.6 170.7 6.1 1.06 20.0 0.030
includes 187.4 192.0 4.6 1.47 15.1 0.043
includes 202.7 225.6 22.9 1.09 75.1 0.032
RSC-171 166.1 228.6 62.5 1.84 205.0 0.054
includes 187.4 227.0 39.6 2.63 129.9 0.077
includes 195.1 208.8 13.7 6.08 44.9 0.177
RSC-172 246.8 251.4 4.6 0.24 15.1 0.007
RSC-173 None
RSC-174 None
RSC-175 128.0 170.7 42.7 1.13 140.1 0.033
includes 161.5 163.1 1.6 21.50 5.2 0.625
RSC-176 284.9 294.1 9.2 0.99 30.2 0.029
RSC-177 170.7 175.3 4.6 0.32 15.1 0.009
RSC-178 None
RSC-179 202.7 204.2 1.5 0.61 4.9 0.017
RSC-180 199.6 202.7 3.1 9.30 10.2 0.272
Evolving Gold's 1-18-12 corporate slide show presentation.
http://www.evolvinggold.com/assets/files/pdf/EVGptn-1-18-12.pdf
Scoreboard for the week: -9.81%
Didnt know if this had been posted yet http://ndep.nv.gov/docs_11/0314_rec-11_decision.pdf
Notice of Final Decision – Bureau of Mining Regulation and Reclamation
Web Posting: 12/20/2011
Carlin Section 3 Project
Permit #0314
The Administrator of the Division of Environmental Protection gives notice that an application for a Reclamation Permit for a mining operation for the Carlin Section 3 Project has been properly filed with the Division of Environmental Protection in Carson City. The Applicant for Permit # 0314 is:
Evolving Gold Corporation
105 South Sunset Street, Unit L
Longmont, Colorado 80501
The Nevada Division of Environmental Protection (Division) has decided to issue Reclamation Permit, No. 0314, for an exploration project to Evolving Gold Corporation. This permit authorizes Evolving Gold Corporation to reclaim the Carlin Section 3 Exploration project. This Project is located in Elko County, Nevada approximately 1.5 miles south of the town of Carlin. The Division has been provided with an application, in accordance with Nevada Revised Statute (NRS) and Nevada Administrative Code (NAC) 519A to assure the Division that Evolving Gold Corporation will leave the project site safe, stable, and capable of providing for a productive post-mining land use.
This permit will become final on Friday, December 30, 2011. The final determination of the Administrator may be appealed to the State Environmental Commission pursuant to NAC 519A.415. The appeal must be filed by Thursday, December 29, 2011 and in accordance with Administrative rules of the Environmental Commission.
This project allows approximately 20-acres of exploration disturbance entirely on private lands. No comments were received during the public comment period.
NAC 519A.415 Appeals to commission.
1. Any person aggrieved by:
(a) The issuance, denial, renewal, suspension, modification, condition or revocation of a permit; or
(b) The issuance, modification or rescission of any other order,
by the state department of conservation and natural resources may appeal to the commission.
2. Any person who requests a hearing before the commission concerning a final decision of the department pursuant to chapter 519A of NRS may do so by filing a request, within 10 days after notice of the action of the department, on form 3* with the State Environmental Commission, 901 S. Stewart St. Ste. 4001, Carson City, Nevada 89701.
3. The provisions of NAC 445B.875 to 445B.899, inclusive, apply to a hearing of the state environmental commission requested pursuant to subsection 1.
4. The commission will affirm, modify or reverse any action of the department, which is appealed to it.
*(See adopting agency for form.)
For the week: +8.13%... bottoming finally???
That is a great no holding back sensible review.
Evolving Gold (EVG.T~EVOGF) gets a favorable mention @ 321Gold :
Next week is the Bottom
Bob Moriarty
Dec 23, 2011
I also managed to squeeze in a visit to Evolving Gold while I was in Elko. By chance, I wrote a piece on them about this time three years ago when gold shares were getting hammered. Their stock was $.14 when I visited and they had $.24 in cash. Six months later they were $1.95.
The stock has gotten no love lately, falling from $1.22 in January to $.275 today. The decline is pretty irrational. Agnico-Eagle did a deal with EVG in May on their flagship Rattlesnake Project where Agnico-Eagle must spend $76 million to earn 70% of the project. Presuming spending that much money actually advances the giant alkaline gold project forward, EVG could kick back on their chairs smoking Cuban cigars and sipping fine Tennessee whiskey and their 30% would likely be worth more than the entire company today. This is a pretty stupid market and that isn’t going to last long.
Evolving Gold is pretty much in the same camp as Gold Standard. They have drilled 13 holes in four years, gold grade and thickness continues to increase and I suspect they too are but one drill hole away from a major gold discovery.
Quinton Hennigh was President of Evolving Gold and hated every minute. He’s a field guy and disliked the politics and paperwork associated with being a honcho. He wants to find gold and move on to the next big deposit. He resigned from EVG in November but left the company with both excellent people and another excellent project. I didn’t get to visit that project, called the Jake Creek deposit, but results show potential of another Ken Snyder type mineralization.
If I was to assign value to a company, in my view, Rattlesnake as a standalone project is worth more than the entire market cap of EVG today. Their drill program at Carlin continues to get closer and closer to the feeder structures responsible for the gold mineralization. Their work at the Jake Creek deposit shows great potential for another Ken Snyder type mine. Yet the market is giving them next to no valuation for Nevada. I don’t think it’s a situation that will last long.
http://www.321gold.com/editorials/moriarty/moriarty122311.html
<<<Hmmmmmm... well, +13.85% for the week!>>>
Hi Kev...
Most of that weekly gain came in the latter half of today's session.... and on huge volume, to boot!
Volume: 1,820,870
Avg Vol (3m): 252,662
In fact, including today, this week's activity on the Canadian side was the most I've seen on a weekly basis in a couple of years. Tax loss selling?
http://finance.yahoo.com/q/hp?s=EVG.TO+Historical+Prices
Happy Holidays to you and family.
Hmmmmmm... well, +13.85% for the week!
Evolving Gold Announces Board Resignation
VANCOUVER , Dec. 23, 2011 /PRNewswire/ - Evolving Gold Corp. (TSX: EVG.TO - News), (OTCQX: EVOGF.PK - News), (FSE: EV7.F - News) (the "Company") The Company announces today that R. Stuart (Tookie) Angus has resigned as Director and Chairman of the board, effective December 22, 2011. The Company wishes to thank Mr. Angus for his contributions to the company.
About Evolving Gold Corp.
Evolving Gold is focused on the drill-intensive exploration of its flagship gold properties in and adjacent to the productive Carlin district of northern Nevada , and on the advancement of its gold discovery at Rattlesnake Hills, Wyoming . For more information about Evolving Gold please visit:
http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"William Gee"
William Gee
CEO and Director
http://finance.yahoo.com/news/Evolving-Gold-Announces-Board-prnews-3058784439.html?x=0
Nevada Exploration Update
Presented by Steven Koehler
NWMA December, 2011
http://www.evolvinggold.com/assets/files/pdf/EVG_NWMA_Dec2011B.pdf
Gold will eventually return to the uptrend... too much trouble in the world... investors will drive gold demand again - soon I believe.
Haven't been following this much since I sold all my shares on the huge spike at the end of last year but I always thought that Quinton was a huge part of EVOGF. Hard to believe it's down 70% since then. Hope those still hanging around get some return down the road. GL!
Evolving Gold Expands Carlin-Humboldt Gold System
Arch Gold Zone now 1,000 Meters by 600 Meters
VANCOUVER , Nov. 21, 2011 /PRNewswire/ - Evolving Gold Corp. (TSX:EVG; OTCQX:EVOGF; FSE:EV7) (the "Company") is pleased to announce assays from three drill holes from the Arch Gold Zone at its Carlin gold project, Nevada. Diamond drill holes CAR-011, -012 and -013 all intersected significant gold mineralization including 60.4 meters at 1.28 grams per tonne gold in CAR-013, 32.6m at 1.10 g/t gold in CAR-011 and 6.1m at 2.42 g/t gold in CAR-012. Ongoing core drilling programs continue to focus on defining a high grade core to this large gold system, as already suggested by results previously reported such as 18.3m at 11.7 g/t gold, including 1.5m at 57.9 g/t gold, and 10.1m at 11.1 g/t gold, including 3.1m at 29.8 g/t gold.
Summary of Results:
• The gold grades and long intervals of gold mineralization from holes CAR-011, -012 and -013 are highly anomalous. Including the most recent intervals, all 9 core-drill holes at the Arch Gold Zone have intersected significant quantities of gold. These long intervals of gold mineralization expand the already large footprint of this gold system with total drilling outlining a 1,000m by 600m Carlin-style gold system that is open in all directions.
• Diamond drill hole CAR-011, a vertical hole situated 115m north of hole CAR-007, intersected 32.6m at 1.10 g/t Au (107 feet at 0.032 oz/t) beginning at 1167.1m. This gold horizon correlates well with the lowermost gold-bearing unit intersected in CAR-007 (25.9m at 2.10 g/t Au beginning at 1170.7m announced Feb. 25, 2010 ).
• Diamond drill hole CAR-012, a vertical hole situated 130 meters southwest of hole CAR-007, encountered 6.1m at 2.42 g/t Au (20 feet at 0.071 oz/t ) including 1.5m at 7.57 g/t Au (5 feet at 0.221 oz/t ) beginning at 713.2m. This interval correlates well with a zone of gold mineralization intersected in CAR-007 (7.6m at 5.5 g/t Au beginning at 759.1m announced Feb. 25, 2010 ).
• Two long intervals of anomalous gold were encountered deeper in CAR-012, starting at 737.6m and 1,181.7m.
• Diamond drill hole CAR-013, a vertical hole situated 350 meters northeast of CAR-007, encountered 60.4m at 1.28 g/t Au (198 feet at 0.037 oz/t) including 31.7m at 2.03 g/t Au (104 feet at 0.059 oz/t) beginning at 1270.1m. This interval corresponds well with that intersected in holes CAR-011 and -007 described above.
•An additional long interval of anomalous gold was encountered deeper in CAR-013 starting at 1,367.9m.
• Abundant realgar, orpiment and stibnite are associated with the gold interval in CAR-013, something observed in hole CAR-002 approximately 530m south (announced July 31, 2009 ).
"The company recognizes it is exploring an extensive, powerful gold system in one of the world's great gold camps. Our drilling has already intersected grades and thicknesses of mineralization that are characteristic of existing underground mines in the area. Early drilling results as a whole are consistent with the early stages of exploration at these mines. Defining the high-grade center of this large gold system is the main focus of Evolving Gold's exploration program on the Arch project." comments Steven Koehler, Chief Geologist of Evolving Gold.
Click here http://tiny.cc/urx50 to see a map corresponding to the drilling results shown on the table below.
Carlin Project: Summary of Drill Results from Holes CAR-011 through -013
Hole From To Length Gold Length Gold
(m) (m) (m) (gpt) (ft) (opt)
CAR-011 1167.1 1199.7 32.6 1.10 107 0.032
includes 1167.7 1186.0 18.3 1.70 60 0.050
CAR-012 713.2 719.3 6.1 2.42 20 0.071
includes 717.8 719.3 1.5 7.57 5 0.221
737.6 742.6 5.0 0.41 16 0.012
774.5 793.4 18.9 0.15 62 0.004
1181.7 1232.3 50.6 0.17 166 0.005
CAR-013 1270.1 1330.5 60.4 1.28 198 0.037
includes 1284.1 1315.8 31.7 2.03 104 0.059
includes 1308.2 1314.3 6.1 3.75 20 0.110
1367.9 1404.8 36.9 0.14 121 0.004
Jake Creek Project: Summary of Drill Results
Hole From To Length Gold Length Gold
(m) (m) (m) (gpt) (ft) (opt)
JC-002 256.1 295.7 39.6 0.873 130 0.025
JC-003 309.4 310.9 1.5 0.393 5 0.012
JC-004 Hole abandoned prior to testing target
JC-006 221.0 240.8 19.8 0.676 65 0.020
271.3 274.3 3.0 0.620 10 0.018
JC-007 Hole abandoned prior to testing target
Evolving Gold: Drilling Significantly Extends Gold System at the Rattlesnake Hills Joint Venture, Wyoming
VANCOUVER , Nov. 15, 2011 /CNW/ - Evolving Gold Corp. (TSX: EVG.TO - News) (OTCQX: EVOGF.PK - News) (FSE: EV7.F - News) (the "Company") is pleased to provide an update of the drilling program at its Rattlesnake Hills joint venture gold property in Wyoming. Rattlesnake Hills is a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Agnico-Eagle is the manager of the joint venture and is funding 100 percent of the current exploration program.
Summary of Results:
• The 2011 summer program at Rattlesnake Hills has completed a total of 8,193 m (26,880 ft) of core drilling in 24 holes. The results of the first 11 holes are reported here.
• Drilling has extended gold mineralization at the North Stock target to depth and to the south west.
• Drill hole RSC-160 intersected 282.9 m at 1.08 g/t Au (927.9 ft at 0.031 oz/t), including 39.6 m at 2.57 g/t Au (129.4 ft at 0.075 oz/t), confirming vertical continuity of gold mineralization to below a depth of 300 meters.
• Drill hole RSC-165 intersected 115.8 m at 0.50 g/t Au (379.8 ft at 0.015 oz/t) extending gold mineralization some 40 m to the south west of the known gold body.
• Gold extensions are open to the south, west and at depth. Future drilling will continue to follow up on demonstrated extensions of the North Stock gold deposit.
• Drilling between the North Stock and Antelope Basin gold deposits has encountered broad intersections of gold mineralization.
• Drill hole RSC-167 intersected 62.5 m at 0.51 g/t Au (205.0 ft at 0.015 oz/t) 200 m south of the North Stock deposit and 300 m north of the Antelope Basin deposit. This mineralization has the potential to become a connecting zone of gold mineralization between the two deposits. Drilling will continue to further explore and define this area.
• In addition to the drill program, Agnico-Eagle initiated an extensive surface exploration effort and a district-wide airborne magnetic and radiometric survey was completed. Only a fraction of the Rattlesnake Hills land package has previously seen modern exploration techniques applied to it. This program is expected to highlight more gold target zones on the property.
"The drill results are very encouraging as they demonstrate that the gold mineralization at North Stock both continues to depths greater than 300 m and may extend southward to connect with the Antelope Basin gold zone," comments William Gee , CEO of Evolving Gold. "The existence of a significant quantity of gold between the two known gold deposits shows the potential to greatly enhance the economics of the known gold system by possibly allowing for a single large pit with a reduced strip ratio." Mr. Gee adds, "We also remain excited for the potential to expand beyond the known gold zones and develop additional drill target elsewhere on this large property".
Assays have been reported for eleven drill holes, RSC-157 through RSC-167. Assays for the remaining thirteen drill holes of this summer drill program will be reported once they are received. To view an image of the drill hole layout corresponding to this news release, please click here ( http://tiny.cc/ycs4a ) or go to page 3.
Rattlesnake Hills Project Gold Assays
Please click the link at the bottom of this page to view the assay table.
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.
Drill samples were collected with a diamond core drill. Sample intervals are 1.5 m (5 feet), but in some instances sample intervals were based on geology and alteration. Half core was shipped to American Assay Laboratories in Elko, Nevada for preparation and to American's facility in Sparks, Nevada for analysis. Gold assays were determined using standard fire assay techniques on 30-gram pulps with an atomic absorption finish. Agnico-Eagle QA/QC included the insertion of standards and blanks on a regular basis. Check assays were performed by SGS Minerals Services in Toronto, Ontario.
About The Rattlesnake Hills Project
Rattlesnake Hills is an Evolving Gold, gold discovery joint ventured with Agnico-Eagle on June 27, 2011. Approximately 80,000m of core drilling in 180 holes has been completed in 4 seasons of drilling. As part of the joint venture agreement Agnico-Eagle has the right to earn up to 70% ownership in the project by spending $76 million on a combination of cash payments to Evolving Gold, purchases of Evolving Gold treasury shares, and project work commitments, including the obligation to advance the project through feasibility. Evolving Gold has no further spending commitment on the project as part of this joint venture. The agreement allows for considerable resources to be brought to the project in terms of people, mining expertise and capital while allowing Evolving gold to focus its people and capital on the extensive portfolio of gold properties it controls in Carlin, Nevada.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. In compliance with National Instrument 43-101, the Company Chief Geologist, Steven R. Koehler, BSc Geology and CPG, is the Qualified Person responsible for the accuracy of this news release. For more information about Evolving Gold please visit: http://www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"William Gee"
William Gee
CEO and Director
Investor Relations:
Rory Quinn
Tel: 604.630.0792
TF: 866.604.3864
rory@evolvinggold.com
http://finance.yahoo.com/news/Evolving-Gold-Drilling-prnews-875632365.html?x=0&l=1
Evolving Gold Announces Resignation of a Director
2011, 10:04 am EST
VANCOUVER , Nov. 9, 2011 /CNW/ - Evolving Gold Corp. (TSX: EVG, OTCQX: EVOGF, FSE: EV7) (the "Company") announces that Mr. Quinton Hennigh has resigned as Director and Chief Geologist of the Corporation to pursue other interests.
The Company's current portfolio of quality gold projects resulted from the creative vision and diligent exploration work of Mr. Hennigh . In particular, his discoveries at the Carlin-Humboldt projects in Nevada and the Rattlesnake Hills project in Wyoming are the foundation of Evolving Gold's current exploration programs. William Gee , CEO and Director, stated: "The management and Board of Directors wish to thank Quinton for his extraordinary commitment over the last several years and for his significant contributions to the development of the Company and its foundation of major gold assets. Perhaps most significantly, Quinton deserves credit for driving a discovery in Nevada that contrary to conventional exploration wisdom, discovered high grade Carlin-type gold mineralization that dramatically opened up the exploration potential of the entire south Carlin Trend. We wish Quinton all the very best in his future endeavors."
The critical role of Chief Geologist has been transferred to Mr. Steven Koehler who has been leading the Company's Nevada programs since early 2011. Mr. Koehler has over 21 years of Nevada exploration experience and has been involved in five gold discoveries in Nevada, two of which are currently in production at Cortez Hills and Leeville, operated by Barrick and Newmont respectively. Mr. Hennigh states, "Mr Koehler is one of the strongest explorers in Nevada and has the experience and passion necessary to drive Evolving Gold's exploration program. Over the last six months, Steve and I have worked closely and the Company is fortunate to be able to seamlessly transition its technical program as Evolving Gold's projects advance."
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on advancing its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
" William Gee "
William Gee
CEO and Director
http://finance.yahoo.com/news/Evolving-Gold-Announces-cnw-69957568.html?x=0&.v=1
Some folks may have overlooked this news about joining the OTCQX but is worth revisiting...
http://www.evolvinggold.com/news/news2011/news-release-2011-05-04.html
Nice article, thanks for sharing.
How central banks use ETFs to keep gold down
By: Chris Powell,
Gold Anti-Trust Action Committee Inc.
Tuesday, 27 September 2011
Dear Friend of GATA and Gold:
Market analyst Izabella Kaminska this month examined the collapse in gold lease rates and concluded that central banks likely have been trying to stuff gold into the market by various back doors, resulting in the placement of borrowed gold at exchange-traded funds like GLD and thus in gold price suppression as well.
Drawing on research by gold price suppression litigator Reginald H. Howe, Kaminska writes:
"While the likes of GLD insist that every share outstanding is matched by a gold bar -- and this is almost definitely true -- what they can't claim is that there's a way to differentiate gold with previous claims on it from gold without previous claims on it within its reserves (i.e., borrowed gold). It is consequently entirely possible that gold ETFs are sitting on mountains of borrowed central bank gold.
"GLD's defence, of course, is that prior claims on its reserves are not their concern. They are the liablity of the party that delivered the gold to GLD (almost certainly a bullion bank). Thus it is the bullion bank that risks being squeezed on delivery in the physical market, not GLD.
"Of course, with a negative interest rate for borrowing gold, the bullion banks are being more than compensated for the risk of a squeeze. On top of everything they can always create new GLD shares ad infinitum, if needs be. (At least until all central bank gold stock has been lent into gold ETFs, arguably forcing central banks to replenish the gold lending pool via market purchases.)
"In the above scenario -- in which bullion banks are possibly recycling borrowed gold into GLD shares to sell into the market -- these short sales will put pressure on GLD units themselves."
Kaminska's commentary is a bit too obscurely headlined "Why Gold Forward Rate Inversion Is Important" and you can find it at FT Alphaville here:
http://ftalphaville.ft.com/blog/2011/09/14/677021/why-gold-forward-rate-inversion-is-important/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
http://news.goldseek.com/GATA/1317131722.php
Evolving Gold's Sept. 16th audio/slideshow presentation at the Precious Metals Summit in Vail Valley, Colo
Evolving Gold (EVG.T; EVOGF)
William Gee, CEO
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2011/09/16/evolving-gold/play/stream/3065
Today's PR from Evolving Gold's 37% owned spinoff...
Prosperity Goldfields Drills Three Gold Zones at Kiyuk
Reports 30.5 Meters at 4.90 gpt Au, Within 157.6 Meters at 1.70 gpt Au
Thursday September 15, 2011, 8:55 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - Prosperity Goldfields Corp. (TSX VENTURE:PPG; OTC:PSPGF - News; "Prosperity Goldfields") is pleased to announce all assay results from Phase One drilling on three gold targets at its 100% controlled Kiyuk Gold Project, southern Nunavut, Canada. Best results are from the Rusty Zone, with 157.6 meters at 1.70 gpt Au (516.9 ft at 0.05 opt Au), including 30.5 meters at 4.90 gpt Au (100.0 ft at 0.143 opt Au). Drilling indicated strong gold mineralization at all three targets, Rusty, Gold Point and Cobalt. Prosperity Goldfields plans to undertake a major, follow-up drill program starting in February, 2012.
-- One hole, RU11-001, tested the Rusty target, and it was mineralized from
top to bottom. Starting at surface, RU11-001 intersected 157.6 meters at
1.70 grams per tonne (gpt) gold (517 feet at 0.050 oz per ton (opt)
gold) including 30.5 meters at 4.90 gpt Au (100 feet at 0.143 opt Au),
and including 19.2 meters at 6.17 gpt Au (63.0 feet at 0.180 opt Au).
This hole targeted a magnetic anomaly measuring 250 by 450 meters. See
Rusty Zone results map at: http://www.prosperitygoldfields.com/rusty
-- Six holes tested the Gold Point target, a 400 meter long portion of a 24
kilometre magnetic anomaly and series of gold showings at Kiyuk. Drill
hole GP11-003 intersected 63.6 meters at 2.84 gpt Au (208.6 feet at
0.083 opt Au) including 38.6 meters at 4.15 gpt Au (126.6 feet at 0.121
opt Au) and 5.4 meters at 11.64 gpt Au (17.7 feet at 0.340 opt Au). See
Gold Point results map at: http://www.prosperitygoldfields.com/goldpoint
-- At the Cobalt Zone drill hole CS11-002 intersected 32.1 meters at 1.82
gpt Au (105.3 feet at 0.053 opt Au). Similar to Gold Point, drill holes
at the Cobalt Zone tested a small portion of the 24 kilometre magnetic
anomaly with multiple gold showings. See Cobalt Zone results map at:
http://www.prosperitygoldfields.com/cobalt
Summary, Rusty Zone
----------------------------------------------------------------------------
From To Length Gold (grams Length Gold (oz per
Hole (meters) (meters) (meters) per tonne) (feet) ton)
----------------------------------------------------------------------------
RU11-001 0.0 157.6 157.6 1.70 516.9 0.050
Including 0.0 52.4 52.4 3.27 171.9 0.095
Including 5.2 35.7 30.5 4.90 100.0 0.143
Including 16.5 35.7 19.2 6.17 63.0 0.180
Including 29.6 31.1 1.5 32.53 4.9 0.950
Including 76.8 86.3 9.5 3.31 31.2 0.097
----------------------------------------------------------------------------
Summary, Gold Point Zone
----------------------------------------------------------------------------
From To Length Gold (grams Length Gold (oz per
Hole (meters) (meters) (meters) per tonne) (feet) ton)
----------------------------------------------------------------------------
GP11-001 82.4 84.5 2.1 1.02 6.9 0.030
132.9 134.5 1.6 1.24 5.2 0.036
GP11-002 102.7 121.0 18.3 1.41 60.0 0.041
Including 104.3 108.8 4.5 3.21 14.8 0.094
GP11-003 87.5 89.5 2.0 2.06 6.6 0.060
99.4 104.0 4.6 6.10 15.1 0.178
111.2 112.0 0.8 3.17 2.6 0.093
148.6 212.2 63.6 2.84 208.6 0.083
Including 148.6 187.2 38.6 4.15 126.6 0.121
Including 151.2 156.6 5.4 11.64 17.7 0.340
Including 177.1 182.9 5.8 8.58 19.0 0.251
GP11-004 26.8 30.5 3.7 3.04 12.1 0.089
GP11-005 68.6 71.4 2.8 1.01 9.2 0.029
92.1 97.6 5.5 1.22 18.0 0.036
108.8 122.6 13.8 2.06 45.3 0.060
174.2 175.9 1.7 3.26 5.6 0.095
178.0 191.2 13.2 2.32 43.3 0.068
GP11-006 137.1 138.7 1.6 7.30 5.2 0.213
214.7 222.7 8.0 6.25 26.2 0.183
Including 214.7 218.0 3.3 11.95 10.8 0.349
319.2 329.4 10.2 1.56 33.5 0.046
Including 325.9 328.0 2.1 4.27 6.9 0.125
----------------------------------------------------------------------------
Summary, Cobalt Zone
----------------------------------------------------------------------------
From To Length Gold (grams Length Gold (oz per
Hole (meters) (meters) (meters) per tonne) (feet) ton)
----------------------------------------------------------------------------
CS11-001 casing failed in glacial till at 12.5 meters
CS11-002 9.6 11.3 1.7 1.04 5.6 0.030
17.4 20.4 3.0 1.24 9.8 0.036
43.3 46.3 3.0 1.16 9.8 0.034
52.4 84.5 32.1 1.82 105.3 0.053
Including 64.1 81.4 17.3 2.41 56.7 0.070
CS11-003 no significant values
CS11-004 67.7 98.2 30.5 1.20 100.0 0.035
Including 84.5 96.6 12.1 2.01 39.7 0.059
CS11-005 90.5 96.6 6.1 2.03 20.0 0.059
CS11-006 no significant values
CS11-007 104.3 110.4 6.1 4.38 20.0 0.128
----------------------------------------------------------------------------
Weighted averages were used to calculate all reported intervals
Trading halt for Evolving Gold's 37% owned spinoff, Prosperity Goldfields (PPG.V ~ PSPGF)
Investment Industry Regulatory Organization of Canada - Trading Halt - Prosperity Goldfields Corp. - PPG-V
Thursday September 15, 2011, 8:47 am
VANCOUVER , Sept. 15, 2011 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Prosperity Goldfields Corp.
TSX-V Ticker Symbol: PPG - V
Time of Halt: 8:36 am ET
Reason for Halt: Company request pending news
http://finance.yahoo.com/news/Investment-Industry-cnw-3979025762.html?x=0&.v=1
From the EVG board at SH..... (Fwiw, Rory Quinn is the new Manager of IR at EVG)
Email With Rory
From:curtkodama2
9/2/2011 2:22:09 PM
I emailed Rory today to see what is going on with Evg...
Dear Evolving Gold.
As a shareholder I would like to know what is going on in this company. Your stock has preformed pitifully and the market has lost all faith in the company.
Do you ever read what is posted online about the company??? Everyone blames management! You have been drilling in some very promising areas and even with good results no one wants to buy in this company. So the problem is with the management. It is disgusting how the shareholders are treated in this company.
What can I expect from evolving gold in the future? What do I have to look forward to?
He replied with the following..
Yes, the stock is not where any of us want it. It is certainly open for debate whether the stock should have been at 80-90 cents before summer (I imagine most shareholders thought that was too low), but certainly anything around 60 cents is much, much too low for this company.
I know it is probably little consolation, but I have very recently joined the company, and I did so because I thought the projects were very good, the geological staff is outstanding, and I really think the CEO (Bill Gee) is a credible, honest and skilled person. He hired me. I was eager to get involved, because I think it is so oversold and undervalued. Though of course that is likely a reason for a lot of your frustration. There has been so much transition here, with a new CEO, new CFO, PPG spin out, JV at Rattlesnake and new focus in Nevada…..and none of it has been well communicated to existing shareholders or the market.
I for one think that the problems that have led to the woeful share price performance are fixable, and that future operational success will propel the stock forward. If we had bad projects, poor geology staff, and a bad CEO, that would be hard to fix…but I think our biggest problem in translating operational success in to market success has been a lack of responsiveness to shareholders, a lack of being able to clearly communicate the value of the company, and a lack of sustained marketing to the right audience.
Regarding some of the stuff on the boards. There is not much I can do there, except report libel and spam. I have done that today with the person/persons spreading falsehoods regarding Sprott’s position in the company. As of 2 weeks ago, Sprott owned 7.9% of the company in 2-3 different funds (not 1). But this is part of a concerted effort, in my estimation to try to induce panic in weak hands, and to knock the price down based on rumour, speculation and falsehood. It looks like an organized approach that some unscrupulous investors take when they want to buy a chunk of stock, but don’t want to pay the going (fair) price.
What I think will combat that quite successfully after Labour day, is consistent and quality news flow and marketing. With 5 drills turning I expect a steady stream of drill news through September. For what it’s worth I’ve attached a fact sheet completed yesterday that we’ll be using in our initial marketing efforts (the corporate presentation is used for meetings, which is also being updated currently) and mail outs to brokers around the country. We will be very active in marketing in Canada and the US over the next 8-9 months.
Only time will tell.
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EVG&t=list&m=30147068&l=0&pd=1&r=0
Evolving Gold Updates Three Active Drill Programs
Tuesday August 23, 2011, 8:00 am
VANCOUVER, Aug. 23, 2011 /PRNewswire/ - Evolving Gold Corp. (TSX:EVG.to - News) (OTCQX: EVOGF) (FSE: EV7) (the "Company") is pleased to provide an update of its three active drilling programs in northern Nevada and Wyoming. The Company's drill programs include a steady, year-long core drilling campaign at Carlin-Humboldt, a fast-paced reverse circulation drill program at the new Jake Creek discovery, and a fourth summer core drilling program at its Rattlesnake Hills Joint Venture.
At the Company's flagship Carlin-Humboldt properties on the Carlin Trend in north-central Nevada, core drilling is focused on larger step-outs in the vicinity of drill holes CAR-007 (18.3 m grading 11.7 g/t Au), CAR-010 (10.1 m grading 11.09 g/t Au) and CAR-010.1 (14.7 m grading 8.76 g/t Au). These step-outs include core holes CAR-011 and CAR-012 which have recently been completed +100m north and southwest respectively of drill hole CAR-007. Hole CAR-013 is currently being drilled +300m north of hole CAR-002 a wedge hole, CAR-002.3.1 intersected 15.7 m at 5.08 g/t Au. Assays for holes CAR-011 and -012 are expected back in early September.
At Jake Creek near the Getchell Trend in northern Nevada, the Company recently commenced reverse circulation (RC) drilling. To date this season, two holes have been completed and a third is in progress. A total of 20 RC drill holes have been permitted for the summer 2011 program. The "blind" gold discovery at Jake Creek was made in 2010 when the second of two RC holes intersected 28.9m of 1.33 g/t Au. The first two holes drilled this season have encountered altered volcanic rocks similar to those encountered in the original "discovery" hole. Assays from these holes are expected in mid-September.
At Rattlesnake Hills in central Wyoming, two core rigs have completed twelve holes thus far and two holes are in progress. The holes drilled to date include step-outs around the North Stock and Antelope Basin Zones as well as two that test the previously undrilled South Target. The objectives of this season's drilling are to extend and infill gold mineralization at these two partially defined gold zones, to explore between these two zones and to test several new gold targets elsewhere on the property. Assays for the first twelve holes are pending. It is anticipated that drilling will be operational throughout the season, fully funded by the Company's joint venture partner.
"The Company's track record of gold discoveries results from our drill-intensive exploration approach," comments William Gee, CEO of Evolving Gold. "Our geologic teams are well into another busy drill season and we anticipate steady news flow reporting on all three drill programs in the weeks and months ahead."
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and adjacent to the productive Carlin district of northern Nevada, and on its gold discovery at Rattlesnake Hills, Wyoming. For more information about Evolving Gold please visit: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"William Gee"
William Gee
CEO and Director
http://finance.yahoo.com/news/Evolving-Gold-Updates-Three-prnews-316076618.html?x=0&.v=28
Brent Cook's take on Evolving Gold's 37% owned (17M/sh.) Kiyuk Lake Spinoff, Prosperity Goldfields (PPG.V ~ PSPGF)
Exploration Insights
by Brent Cook
August 14, 2011
Prosperity Goldfields (PPG.TSX-V) $1.00—Gamblin’
http://www.prosperitygoldfields.com/
* 40.4 million shares outstanding
* 56.5 million shares fully diluted
* Market capitalization ~$40 million/$57 million FD
* Cash ~$4 million
On August 5th Prosperity provided a drill update from the Kiyuk Gold project in Nunavut. Basically, all the drill holes from the Cobalt and Gold Point Zones that penetrated the target rocks intersected strong alteration and sulfide mineralization. The most exciting hole, GP11-003, comes from Gold Point, and is reported to contain “approximately a hundred small gold grains that are visible over a 78 m long interval of core starting at 148 m down hole depth in GP11-003. These grains are randomly scattered in numbers of 0-5 per meter of core.” From my experience, you don’t see this very often; still, it is nearly impossible to predict the assay results. GP11-002 (drilled about 100 meters away) contained similar small gold grains in the bottom six meters of core, while GP11-001 was strongly altered throughout but no visible gold was noted. These three holes cover a strike length of about 400 meters and are the initial test of a roughly 1 kilometer long geophysical target (IP) with coincident gold in rock chip anomalies where outcrop could be sampled.
Kiyuk is a very large conceptual gold play that offers the real potential of a multi-million ounce district within a proterozoic sedimentary basin (~2.2 billion years old, or just after lunch on Day 3, if you prefer). The mineralization is related to unusual granitic intrusions (that’s the story for now at least) and associated with strong magnetite and albite alteration (sodium, silica and aluminum- NaAlSi3O8). The magnetite and albite have been traced intermittently along a 20 kilometer trend that forms the southern rim of the basin, while the northern rim has yet to be prospected in detail (see Fig. 2).
(Fig. 2- Strong magnetic alteration (hot colors) associated with the basal conglomerates defining sedimentary basin margins. Gold is associated with the magnetic alteration)
The extensive magnetite alteration is concentrated within a lower sequence of conglomerates (stream sediments, etc.) near the contact with the underlying rocks. Within the magnetite alteration are smaller zones (100’s to 1,000’s of meters) of intense albite alteration that host the sulfide and gold mineralization. Prosperity has mapped north-south structural features using geophysics but, as yet, there are no obvious structural controls to the mineralization.
Thus far, the only obvious control to mineralization is permeability within the various conglomerate units.
As to the flashy core, there is no way for us to even guesstimate what the gold assays will be—so we won’t. As most of you are well aware, impressive gold values are relatively easy to come by, and most of the junior gold explorers seem to report a few, regardless of their economic relevance. The important (and necessary) part of the story at Kiyuk is the size of the mineral system and its potential to host a world class deposit. PPG will live and die on how that plays out.
The entire trend of magnetite alteration extends over 40 kilometers of strike along the basin margins. Because we know so little at this point, it is all prospective for gold mineralization. It will not, however, all be mineralized! Figuring out why some is and some isn’t will be the key to successfully exploring this property. Prosperity has identified five zones of alteration with anomalous gold along the southern margin, three of which will see limited drilling this summer. Most of the rest of the trend lies under cover and has not even been seen or sampled. It’s all blue sky for now.
What is required to work way up here?
Kiyuk is an isolated property in Nunavut that can only be worked for a few months in the summer and the middle of winter. Power and a road are about 200 kilometers away. There is the possibility that the Nunavut Government will be building a road through the property to the Rankin Inlet and from there, Santa’s ranch. The nearest Inuit and Native communities have over 70% unemployment; I am told they are working together, and are very positively inclined toward mine development.
Given the above paragraph, any gold discovery had better be a good one. A one, two, or even three grams per tonne deposit will not cut it, regardless of size. As a rough hurdle, we need to see the potential for over three million ounces grading in excess of 5 grams per tonne assuming relatively straightforward mining and processing options. That means the results of these first holes need to indicate that potential does exist, by showing us long intervals of good grade. Grade in this instance is key, and if the results are only “encouraging” I have very little interest in waiting around to see the geology figured out. It’s either what she’s betting or it’s not.
(Come on PPG! Are we having fun yet?)
PPG share structure and play
Evolving Gold (EVG.TSX) holds about 12 million shares of PPG (they vended the property in, and participated in the last placement). On April 6, PPG closed their most recent financing, having raised $4.6 million at .30 (11.5 mil units and 4 mil flow-through units) that included a half warrant at .45. Since the August 5th announcement describing visible gold in core, the stock has traded nearly 32 million shares and increased in price from .45 to the current $1.00. I have no idea how hard or easy it will be to buy this stock, and, given my expectations regarding PAU last week, you shouldn’t listen to me anyway.
Drill results should be available in two to three weeks. Those results will obviously determine which direction the stock moves. If they demonstrate a clear possibility that the Kiyuk property has the potential to host a high grade multi-million ounce district, the current fully diluted $56 million market capitalization is reasonably cheap. If the results fail to show much potential, the market capitalization could be cut in half immediately.
https://www.explorationinsights.com/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From Prosperity Goldfields website:
Figure 1 of 14 : Photomicrograph of an unpolished gold grain in core from approximately 179 m deep in hole GP11-003. Scale bar is in mm. Pyrrhotite and arsenopyrite are also present. Matrix is albite-altered conglomerate.
Figure 2 of 14 : Photomicrograph of an unpolished gold grain in core from approximately 185 m deep in hole GP11-003. Scale bar is 1 mm. Matrix is albite-altered conglomerate. Gold from Kiyuk is rich yellow indicating it is likely high purity.
Figure 3 of 14 : Photomicrograph of an unpolished gold grain in core from approximately 186 m deep in hole GP11-003. Scale bar is in mm. Matrix is albite- and actinolite-altered conglomerate.
Figure 6 of 14 : Section of core from 111.4 m deep in hole GP11-003. Rock is intensely pink albite-altered conglomerate with clasts of iron formation (black). Pyrite crystals (brassy yellow) are disseminated throughout the albite. Rock similar to this makes up the surface showing at Gold Point.
Figure 10 of 14 : Core from approximately 179 m deep in hole GP11-003. Intensely albite- and actinolite-altered conglomerate with large clots of arsenopyrite, pyrrhotite and pyrite. Within the red circles are visible gold grains (bright yellow) that are likely of high purity.
Figure 14 of 14 : Bright yellow gold grain in a matrix of albite- and actinolite-altersd conglomerate from a depth of approximately 181 m in hole GP11-002. The rich yellow color of this gold suggests it is of high purity.
http://www.prosperitygoldfields.com/
Dear Dan,
Evolving Gold Corp is pleased to update exploration progress by Prosperity Goldfields Corp. (PPG), which was spun out from Evolving Gold in March 2011 in order that more focus could be brought to the Kiyuk Gold Project in Nunavut, Canada. The Company's 11,925,160 Prosperity Shares represent approximately 29.5% of the issued and outstanding, and assuming exercise of the 5,000,000 share purchase warrants, the Company would hold approximately 37.3% of the issued and outstanding Prosperity Shares.
To read the complete release, please click here.
Yours,
"William Gee"
William Gee
CEO & Director
About Evolving Gold Corp.
Our focus is finding multi-million ounce gold deposits in proven gold producing areas in Western USA. Our geoscience team has over 200 years of collective experience.
For more information please contact:
Evolving Gold Corp.
General: 604 685-6375
Toll Free: 866 604-3864
info@evolvinggold.com
http://www.evolvinggold.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Prosperity Goldfields Provides Update on Kiyuk Gold Project Program
Friday August 5, 2011, 8:30 am EDT
VANCOUVER, Aug. 5, 2011 /CNW/ - Prosperity Goldfields Corp. (TSX-V:PPG) ("Prosperity Goldfields") is pleased to announce drilling has progressed well at it 100% controlled Kiyuk Gold Project, Nunavut. To date, approximately 1,700 meters of diamond drilling have been undertaken at the Cobalt and Gold Point Zones. The company is on track to complete its 3,500 meter program Phase One drill program by the end of August.
* Seven diamond core holes, CS11-001 through -007, have been completed at the Cobalt Zone, a 200 m wide and at least 700 m long zone of variably mineralized polymictic conglomerates. Hole CS11-001 was lost in overburden, but CS11-002 through -007 were drilled to depths ranging from approximately 100-250 meters, and all intersected variably long intervals of albite-altered sedimentary rocks ranging from a few meters to a few tens of meters long. Disseminated sulfide minerals including pyrite, pyrrhotite and arsenopyrite, occur locally. Samples from holes CS11-002 through -005 have been submitted to SGS Minerals Services in Red Lake, Ontario, for fire assay, and holes CS11-006 and -007 will soon be split and sampled in preparation for submission to the assay laboratory.
* Three core holes, GP11-001 (182 m long), GR11-002 (185 m long) and GP11-003 (259 m long), have been completed at the Gold Point Zone where the target is a 200 m wide and at least 400 m long zone of variably mineralized polymictic conglomerates. All holes are drilled in a southerly direction at an inclination of -50 degrees. All three holes have encountered multiple intervals of strongly albite-altered "K1" conglomerate with variable amounts of disseminated sulfides including pyrite, pyrrhotite and arsenopyrite. In hole GP11-002, approximately a dozen small, 0.1 mm, specks of visible gold are randomly scattered over the bottom 6 meters of this hole. Approximately a hundred similar small gold grains are visible over a 78 m long interval of core starting at 148 m down hole depth in GP11-003. These grains are randomly scattered in numbers of 0-5 per meter of core. The intensity of alteration in all three Gold Point holes appears to increase with depth. Because of the presence of visible gold in holes GP11-002 and -003, these core have been given priority for sawing, sampling and submission to the assay laboratory.
* Three more holes are planned at the Gold Point Zone. From there, the drill will move to the Rusty Zone where four holes will test a similar zone of conglomerates. The final two holes of the program will test each of the North Snake Lake and Heart Pond targets. Completion of these drill holes is expected by August 24th. Closure of camp for the summer will be September 1st before caribou migration in this area. Final sample submission to the assay lab will be by September 3rd, 2011.
"We are extremely pleased with the progress of our first drill program at Kiyuk," states Quinton Hennigh, Chief Geologist for Prosperity Goldfields Corp. "Our second and third Gold Point Drill holes are particularly intriguing given the presence of small grains of visible gold scattered over significant lengths of core. We shall be quite anxious to see assay results from these holes over the coming weeks."
Images of core samples will be posted shortly on our website at http://www.prosperitygoldfields.com
About the Kiyuk Gold Project and Drill Targets
Gold at Kiyuk is hosted by a sequence of conglomerates and breccias occurring along an unconformity between two thick sedimentary units, the Hurwitz Supergroup and overlying Kiyuk Group. The Kiyuk sub-basin in which numerous gold showings occur, measures roughly 60 km NE-SW and 35 km NW-SE. Gold mineralization is associated with intense magnetite and albite replacement and displays variable geochemical associations with cobalt, nickel, arsenic and uranium. Assays from a suite of over 500 grab samples from the property include values ranging from below detectable levels to as high as 36 grams per tonne gold.
Five targets are being tested during Phase One drilling including:
* Cobalt Zone where gold grades from grab samples range from below detectable levels up to 16 grams per tonne in a sequence of strongly albitized conglomerates up to 200 meters thick. This zone is at least 700 meters long and open to the NE and SW.
* Heart Pond showing where gold grades from grab samples range from below detectable levels up to 6 grams per tonne gold in strongly albitized conglomerates of unknown thickness.
* North Snake Lake showing where gold grades from grab samples range from below detectable levels up to 36 grams per tonne in a sequence of albitized conglomerates of unknown thickness.
* Rusty Zone where gold grades from grab samples range from below detectable levels up to 9 grams per tonne in a sequence of strongly albitized conglomerates up to 250 meters thick. This zone is at least 300 meters long and open to the NE and SW.
* Gold Point Zone where gold grades from grab samples range from below detectable levels up to 24 grams per tonne in a sequence of heavily magnetite- and albite-altered conglomerates up to 200 meters thick. This zone is at least 400 meters long and open to the NE and SW.
These five gold occurrences lie within a belt of gold mineralization as defined by rock chip sampling that is approximately 20 km long and is situated on the SE flank of the Kiyuk sub-basin.
Gold assays in surface sampling described above were completed by either ALS Minerals, ALS Canada Ltd., Vancouver, using a 30 gram charge fire assay with ICP finish or Activation Laboratories Ltd, Geraldton using a 30 gram charge fire assay with AA finish.
About Prosperity Goldfields Corp.
Prosperity's principal business is the acquisition, exploration and development of resource properties for the mining of precious metals. Prosperity acquired the option to purchase the mineral claims comprising the "Kiyuk Property" near Nueltin Lake in Nunavut. Prosperity's principal objective is to explore the Kiyuk Property. 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 Prosperity please visit: www.prosperitygoldfields.com.
On Behalf of the Board of Directors
PROSPERITY GOLDFIELDS CORP.
"R. Bruce Duncan"
R. Bruce Duncan
CEO and Director
http://www.prosperitygoldfields.com/index.php?page=newsdetail&newsfile=ppg_20110805.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PROSPERITY GOLDFIELDS CORP(VAN: PPG.V )
Last Trade: 0.73
Trade Time: 3:58PM EDT
Change: +0.29 (65.91%)
Prev Close: 0.44
Open: 0.46
Day's Range: 0.46 - 0.73
52wk Range: 0.25** - 0.73
Volume: 681,260
Avg Vol (3m): 46,023
Bid: 0.73
Ask: 0.75
** Originally spun off @ C$0.15/sh making this a 5 bagger in less than a year for the Canadian EVG shareholders who held on.
Unfortunately for the US shareholder base, they/we were forced to take the 0.15 dividend in cash.
Fortunately for Evolving Gold, they will own just shy of 17 million shares (37.3% of the issued and outstanding Prosperity Shares) when they exercise their 5 million C$0.15 warrants).
Not a bad thing at all...... <g>
Evolving Gold Enhances Investor Relations
Wednesday July 20, 2011, 9:30 am EDT
VANCOUVER, July 20, 2011 /PRNewswire/ - Evolving Gold Corp. (TSX:EVG.to - News) (FSE: EV7) (OTCQX: EVOGF) (the "Company") is pleased to report that it is strengthening its in-house investor relations capability to provide better communication with shareholders and the market. The Company has hired Rory Quinn as Manager of Investor Relations.
"EVG is proud of its reputation for identifying quality gold assets, its great technical skills in exploration and its discovery track record. We recognize that our ability to communicate these strengths needs to be enhanced. We have brought Rory onto the team and moved the investor relations function in-house to ensure a consistent corporate message and ongoing professional responsiveness to the needs of shareholders and the market," comments William Gee, CEO of the Company. "Rory brings significant experience in the junior gold sector where he has worked with companies at various stages of development notably working for Castle Gold prior to and through its acquisition by Argonaut Gold."
"I am excited to join Evolving Gold and its team of world-class exploration geologists as the company continues to explore for and find gold in the two premier mining jurisdictions in the United States, Nevada and Wyoming. I see excellent potential for the company to create significant value for shareholders through continued success with the drill bit at the Carlin-Humboldt properties and its new gold discovery at Jake Creek. I invite you to give me a call at the number below to discuss Evolving Gold's outlook for a busy 2011 and 2012. The company mandate is to comprehensively market the company first and foremost throughout North America, but also in Europe while presenting both a transparent and responsive approach to the market in the context of proper and professional disclosure."
About Evolving Gold Corp.
Evolving Gold is focused on exploring its four gold properties in and adjacent to the productive Carlin district of northern Nevada, and on its gold discovery at Rattlesnake Hills, Wyoming. Currently the Company has four core drills operating, including two on its Carlin-Humboldt projects in Nevada and two on its Rattlesnake Hills project in Wyoming.
For more information about Evolving Gold please visit: http://www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"William Gee"
William Gee
CEO and Director
http://finance.yahoo.com/news/Evolving-Gold-Enhances-cnw-373707444.html?x=0&.v=1
Evolving Gold's July 18th Corporate Presentation (EVG ~ EVOGF)
Why Evolving Gold ?
Sound Strategy
* Staying with our core strength, exploring large gold systems
* Aggressive drill-intensive exploration approach
Proven Team
* Proven track record of discovery
* Strong industry relationships
Quality Assets
* Low geologic risk, low political risk
* Increased focus on high gold potential of Nevada
* Foundation of a fully-funded program at Rattlesnake
Market Catalysts
* News flow from multiple drill programs
* Potential future scenarios for spinout, JV, takeout and development
* Attractive current share valuation
http://www.evolvinggold.com/assets/files/pdf/evgptn18july11.pdf
Sprott's John Embry - Mining Shares Will Be Like Internet Stocks in the ’90’s
July 13, 2011
With gold hitting new all-time highs and silver up over $2 at one point and mining shares taking off to the upside, today King World News interviewed John Embry, Chief Investment Strategist at $9 billion strong Sprott Asset Management. When asked where he sees things right now Embry stated,
“What’s been fascinating, and what was unappreciated by me in the early stages, was the enormous number of derivatives that have been created in the financial system. Because of the derivatives they’ve been able to keep this thing going for infinitely longer than any rational mind would have thought possible.”
Embry continues:
“You’ve been able to create leverage to the extent that you’ve never seen before and this is why I think the bubbles were able to get stretched out and last as long as they did. Because the balloon was blown up so much, I just think the aftermath in its finale is going to be extraordinarily unpleasant.”
When asked about the action in gold Embry responded,
“I have been waiting for this move and it was interesting that it (gold) broke out a couple of days ago with real vengeance in the Euro. I suspected that the next shoe to drop with be in North America and now we’ve got new highs today in US dollars, which should get even bigger headlines. Gold is starting to make new highs against all currencies, and this is what we envisioned in an environment in which the fiat currency system is breaking down.”
When asked if London Whistleblower Maguire’s interview was contributing to this rally Embry said,
“I believe it is. He made very strong points. One of his key points was regarding the whole pricing mechanism in the gold market, and that is when the physical market takes over from the paper market in establishing the price, it will represent the end of paper manipulation....
When asked about Turk’s comment in his KWN interview that when silver closes above $38 that it would be in the mid 40’s in a heartbeat Embry remarked,
“I totally agree with James Turk. I think the thing (silver) has been abused on the downside and it’s just like a coiled spring ready to explode. I think silver will go back to those highs we saw before that May raid faster than most people can imagine.
We haven’t even really seen money start to significantly flow into hard assets, when that occurs and it will occur, it’s going to have an outsized impact on the price of these things. The gold price should be $2,000 within the next six months and I believe the gold/silver ratio will decline tremendously in that environment. I have no problem with $100 silver, none, and that might just be jacks for openers.”
When asked about the mining shares specifically Embry had this to say,
“Well they haven’t moved up a lot with gold and silver, I mean they’ve been sort of wallowing a bit. We’re not talking about a trillion dollars worth of paper (total value of all mining companies), and consequently if money decides it has to come into this space, it’s going to be like internet stocks in the ’90’s except they (mining stocks) are going to have real fundamentals.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/13_Embry_-_Mining_Shares_Will_Be_Like_Internet_Stocks_in_the_90s.html
Mineable gold confirmed west of Casper
By Greg Fladager
CasperJournal.com
Tuesday, June 28, 2011
Wyoming doesn’t have the reputation of being a gold mining state, but that might change if a company called Evolving Gold is right in its bet on a prospect west of Casper.
?“Wyoming is known for not having any significant gold, and this discovery changes that,” said Evolving Gold CEO Bill Gee, “It’s only in the last couple of years that the importance of this discovery is clear.”
Evolving Gold has laid claim to 14,000 acres for gold exploration in the Rattlesnake Hills. The area shows enough promise that last year the company doubled the size of their test core drilling plan. The company currently has a $726,000 reclamation bond on file with the BLM Photo courtesy of the Denver Regional Exploration Geologists Society
The deposits he is talking about are around Antelope Flats in the Rattlesnake Hills about 60 miles due west of Casper.
“It has some similarities in the overall geology to Cripple Creek, in terms of its association with the age of rocks, and kind of rocks,” Gee said, in reference to the Colorado mine that produced over 2-million ounces of gold between 1994 and 2005, and is projected to produce another 3.5 million by 2016.
“There’s different families of gold deposits, and it would be in the same family as that, but many differences also in terms of size and mineralogy,” Gee added.
Gee is not alone, however, in making the comparison to Cripple Creek. Former Wyoming Geological Survey Geologist W. Dan Hausel who explored the area for the state in 1981 did as well.
“This was an economic geologist’s dream” Hausel wrote of his finds 30 years ago. “The geology couldn’t be any better for discovery of major gold deposits, and it was unexplored in modern history.... It is likely that some 1 million ounce gold deposits will be outlined in the near future.”
Evolving Gold is not the first to try the area, with American Copper and Nickel drilling 32 test holes in the 1980’s, and Newmont Mining Corp. drilling 14 in the 1990’s. For various reasons, both companies abandoned the effort. It is not unusual, however, for another company to try again with a different or more substantial plan.
According to information released on the Evolving Gold website, they are drilling deeper than the previous companies, and the test cores for their Rattlesnake Hills project show some strong potential. They report gold amounts of between 1.25 and 10.8 grams per ton (gpt) in some rock samples (which compares with the Cripple Creek’s reported average of .56 gpt).
“They clearly have a deposit,” said Geologist Jon Kaminsky, the assistant field manager at the Bureau of Land Management’s Lander Office. “They have numerous core holes that have, what I would say, is an encouraging number of intercepts with mineable grades of gold.”
Evolving Gold has claims on some 14,000 acres, according to their website, mostly on BLM land, and a small amount on state (about 40 acres). They have drilled some 154 test holes over the past three years, ranging in length from 800 to 3,000 feet, as they attempt to determine the size and shape of the deposit.
“What we’ve done in the last three field seasons, and we’re just beginning now for our fourth season, is a drill campaign, that’s drilling core holes, of course their quite variable (in length),”Gee said, explaining they are still developing the geological “resource model” of the prospect. “We look very closely at the rock intercept, and of course we assay them for gold and a host of other elements, and try to unravel the mysteries of the geology to find where there’s gold concentrations.”
While the company reports 14,000 acres in claims, their active “claim block” with the BLM covers about 4,800 acres, according to Kaminsky, and within that, the project area is on some 614 acres, with an approved drilling plan permitting them to disturb 38.75 acres with well pads and operations. Still, a year ago, the company doubled the area of the drilling plan, and currently has a $726,000 reclamation bond on file with the BLM.
“Their findings were encouraging enough that they decided to come back to the BLM and take off a bigger chunk,” Kaminsky observed.
As noted on the company website, Evolving Gold is concentrating its exploratory drilling in three locations. The first drill phase turned up mineralization as high as 8 gpt in an area some 1300 by 600 feet, at a depth of about 1500 feet, according to a report of the Denver Regional Exploration Geologists Society. The size, depth and connection of the ore bodies, however, apparently remain a central question.
Meanwhile, the BLM supports the use of directional drilling, and placing multiple wells on one pad to minimize environmental impacts, which Evolving Gold has done, according to Kaminsky. Because there are no high-pressure water aquifers in the area, and no oil based muds or fracking involved in the drilling, the BLM will only require the company to fill the test holes and cap them at surface level, once they are finished.
“So far they’ve done an excellent job of sticking to the plan, and doing the things we’ve asked them to do,” Kaminsky said. “We have no issues with Evolving Gold.”
If the deposit is found to be commercially viable, Evolving Gold has a number of extraction options open to it, including open pit and/or underground mining. Gee said, however, that aspect would be determined by mining engineers, and probably involve a different type of company.
“We are an exploration company. We’ve never developed or operated a mine ourselves, and don’t anticipate that, that’s a different skill set,” Gee said. “Mine development and mine production is generally a larger, slower moving company and less willing to take risks. But of course they’re quite capable of doing systematic development and production.”
Kaminsky said the mineral owner has the right to extract the deposits, and the BLM land in the Rattlesnake Hills area has few restrictions.
“The 1872 mining law, in essence, states that a claimant with a valid claim for locatable minerals has the statutory right to develop that claim and obtain those minerals on the public lands, anywhere that land it open to claim,” Kaminsky said. (Under the 1872 law, signed by President Ulysses S. Grant, there is also no federal severance tax on gold. The annual cost of a mining claim is $140.
Most conventional extraction methods are permitted, Kaminsky noted, including the heap leach, which uses a mill to grind the ore to a coarse grade, placing it in a pile or “heap,” and washing the pile with a cyanide sultion to separate the gold. There are also underground mines, if the ore is too deep to economically accommodate an open pit operation.
Kaminsky said whoever develops the mine will have to do an Environmental Impact Statement (EIS), and go through the National Environmental Protection Act (NEPA) process to get a permit.
“On a strip mine, for instance, we may determine through analysis that certain practices could be unnecessary or cause harm to the environment as based on many different factors. There could be cultural or endangered species issues, or you’re tearing up too much land, and could just as easily do this underground,” Kaminsky said of the BLM’s review process. “When you do the environmental analysis under NEPA, you look at alternatives to what the company proposes ... It may not be the way you want it.”
Kaminsky noted, however, he was not aware of endangered or threatened species issues in the area, though there are Native American “cultural” sites within the lease block, which are already being protected.
“It’s an extra concern environmentally, that’s for sure,” Kaminsky said, but further noted, “We have no idea where they are going with this.”
“It will take a few more years of exploration and evaluation, and if that’s successful, a few years of permitting and engineering and feasibility analysis, and then financing and then construction and production,” Gee said. “Each of those steps is pretty significant. It needs to be done, and done well. “
“A lot of people think of gold exploration as mom and pop prospectors out there, and they come up with big nuggets or something,” Gee commented. “It’s in fact expensive, systematic work over many, many years, and with lots of different experts from geologists, geo-physicists, geo-chemists, engineers, drilling contractors. There’s a lot that goes into this.”
When asked if it might take another ten years, Gee said he hoped not that long, but would not give a time estimate. The current BLM drilling plan is for three years, and they are in the middle of it.
Evolving Gold is teaming up with a subsidiary of Agnico-Eagle Mines Ltd. to form a $76 million joint venture on the Rattlesnake Hills project, according to Gee. While both firms are incorporated in Canada, Gee says Evolving Gold’s staff is mostly American.
“We are a Canadian listed company, as is typical for junior exploration companies worldwide,” Gee explained. “Technically our corporate office is Vancouver, but our main operational office is Longmont, in the Denver area.”
“We have a choice of where we explore, and we’re very happy to be one of those exploring in the USA, and particularly in Wyoming,” Gee said. “We just like the people, the state, the country, and trying to do right by it. It’s a treat to be working here.”
http://www.casperjournal.com/news/article_7637b7ce-a74e-5a1d-991b-9b37f35e7ad6.html
Evolving Gold Finalizes Joint Venture On the Rattlesnake Hills Gold Project in Wyoming
June 27, 2011, Vancouver, British Columbia: Evolving Gold Corp. (TSX:EVG; OTCQX:EVOGF;; FSE:EV7 - the “Company”) reports that, it has entered into definitive agreements with Agnico-Eagle Mines Limited and its operating subsidiaries (collectively “Agnico-Eagle”) with respect to the Company’s Rattlesnake Hills project in Wyoming, USA.
Evolving Gold and Agnico–Eagle have executed the definitive Joint Venture agreement, an Exploration Services agreement and a Subscription agreement on the terms of the non-binding Letter Agreement dated May 9, 2011. Under these agreements, Agnico-Eagle has the option to earn up to a 70% interest in the Rattlesnake Hills project over a seven year period. Requirements to earn the 70% interest include a total of US$12 million in cash payments to EVG, the purchase of C$23 million of the common shares of EVG, and exploration and development expenditures of US$41 million. The Company is carried through to completion of a feasibility study. The agreements are subject to final approval by the TSX exchange.
“Even before the ink was dry on the definitive agreements, we have cooperated on a seamless start up to this year’s exploration program. Additional drill pads have been constructed, and two core rigs are expected on site in the second week of July”, comments William Gee, CEO of the Company. “We are excited about the potential of this fully-funded program at Rattlesnake, as well as the flexibility the Rattlesnake relationship provides for Evolving Gold to focus its exploration attention on the exceptional gold discovery potential of its properties in Nevada.”
About Evolving Gold Corp.
Evolving Gold is focused on exploring its four gold properties in and adjacent to the productive Carlin district of northern Nevada, and on its gold discovery at Rattlesnake Hills, Wyoming. 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: http://www.evolvinggold.com
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
“William Gee”
William Gee
CEO and Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
Graham Johnstone
Tel: 778-331-2023
info@evolvinggold.com
http://www.evolvinggold.com/news/news2011/news-release-2011-06-27.html
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
611
|
Created
|
04/21/07
|
Type
|
Free
|
Moderators |
EVOGF http://www.evolvinggold.com/ EVG.TO
2011 Annual Report |
|
|
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |