Tuesday, July 05, 2016 2:50:22 PM
Evolving Gold Begins Field Exploration and Expands Its Lithium Lakes Project Land Package
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 5, 2016) - Evolving Gold Corp. (CSE:EVG) (FRANKFURT:EV7) (OTC PINK:EVOGF) (the "Company") announces that it has increased its land position by staking 31 claims directly NE of the 100% owned Lithium Lakes Property recently acquired by the Company.The new claims add an area of 16.49 km2 to the Lithium Lakes Property, which now has a total area of 72.5 km2.
The new claims cover the potential bedrock sources for three lake sediment anomalies that indicate the possible presence of lithium bearing pegmatites glacially up ice from the anomalies. One lake sediment sample is anomalous in uranium, another is anomalous in tungsten, and the most interesting anomaly is anomalous in lithium, rubidium, titanium and zirconium. The potential sources for the metallic anomalies correlate well with magnetic anomalies derived from historical surveys and topographic features.
The new claims add an additional 3 high priority targets to the total of 8 high priority targets already identified on the original Lithium Lakes Property. The original 8 targets were up to 3.5km long and were selected based on a geological interpretation of historical magnetic, spectrometric and geochemical surveys and their association with topographic features. Additional information on the 8 targets can be found in the June 16th 2016 news release ( http://www.evolvinggold.com/s/NewsReleases.asp?ReportID=563875 ).
The Company plans to send a work crew to the Property later this week to prepare for the arrival of a team of geologists during the second week of July. Existing Hydro Quebec infrastructure will allow Company personnel to access the Property, and to then easily reach the different targets by means of newly constructed ATV trails. The geological teams will conduct basic field prospecting and mapping of the targets. Any lithium mineralization encountered will be channel sampled and assayed. Bulk sampling, if warranted, will be initiated immediately, to provide metallurgical data as soon as possible. After the initial mapping phase, geophysical surveys will be used to determine specific diamond drill targets.
The Company will work closely with local First Nations organizations to protect their fishing and hunting rights on their traditional lands. The Company will also provide employment and economic opportunities to nearby First Nations communities.
Evolving Gold's Chief Executive Officer, Mr. R. Bruce Duncan stated, "This new acquisition quickly increases the number of prospective targets at the Lithium Lakes Property. All of the high priority anomalies are going to be visited by our field crew in the next couple of weeks, and any discoveries will be sampled extensively, and interpreted quickly."
About the Lithium Lakes Property
The Lithium Lakes Property is located about 10 km north of the "Route du Nord" and between 8 and 30 km from Nemaska Lithium's Whabouchi Project. To view the Property location map, please click here http://www.evolvinggold.com/i/img/evg-figure1.jpg. The road originates from the town of Chibougamau, approximately 250 km to the SSE, and connects the village of Nemiscau and the Route de la Baie-James. The Lithium Lakes main claim block extends 15 km in a NE-SW direction and 6 km in a NW-SE direction.
The Property geology is similar to that found at the Whabouchi Deposit, owned by Nemaska Lithium, which is located a few kilometres to the south-west. The main basement rocks are Archean gneiss, overlain by a volcano-sedimentary belt, metamorphosed into biotite-silimanite schists to the south and adjacent to granodioritic porphyry to the north. Fragmented horizons of amphibolitized ultramafic and Archean granitic intrusions are also part of the Property. Pegmatite sills and dykes are thought to originate from the granitic intrusions.
The combination of topographic, magnetic, spectrometric and lake sediment analysis allowed the definition of 11 anomalous areas which are highly prospective for lithium mineralization hosted in pegmatite bodies. Readers should be cautioned that the mineralization hosted on Nemaska Lithium's Whabouchi Project is not necessarily indicative of the mineralization hosted on the Company's Lithium Lakes Property.
Remi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independent Qualified Person under National Instrument 43-101, and has reviewed and approved the technical information provided in this news release.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
"R. Bruce Duncan"
President, CEO and Director
For more information, please contact:
Investor Relations:
Tel: 604.685.6375
TF: 866.604.3864
info@evolvinggold.com
http://finance.yahoo.com/news/evolving-gold-begins-field-exploration-120000306.html
Recent EVG News
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 09/03/2024 08:00:00 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/30/2024 10:41:17 AM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 08/01/2024 08:00:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 07/01/2024 08:15:00 PM
- CORRECTING and REPLACING Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 06/06/2024 08:35:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 06/03/2024 08:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 05/01/2024 08:00:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 04/01/2024 08:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 03/01/2024 09:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 02/01/2024 09:30:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/11/2024 09:35:51 PM
- Form N-CEN - Annual Report for Registered Investment Companies • Edgar (US Regulatory) • 01/10/2024 08:50:08 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 01/03/2024 12:30:00 AM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 12/27/2023 06:25:59 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 12/01/2023 09:30:00 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 11/01/2023 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 08:31:56 PM
- Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds • Business Wire • 10/02/2023 09:18:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 09/29/2023 12:32:57 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM