Thursday, August 06, 2009 12:05:58 AM
Evolving Gold Drilling Update Rattlesnake Hills and Carlin
VANCOUVER, July 31 /CNW/ - Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to report on drilling progress at its Rattlesnake Hills property in Wyoming and its Carlin property in the prolific Carlin Trend in Nevada.
Rattlesnake Hills
20 core drill holes have been completed in the present season's drill program at Rattlesnake Hills, and a further 4 drill holes are currently underway. The company expects to release additional assay results from the Rattlesnake Hills drilling in the next weeks once results are received and interpreted.
The fourth core rig is now drilling on the Rattlesnake Hills property as part of the ongoing exploration program to define the extent of the high grade gold zone and define the boundaries and potential of the larger body of bulk tonnage style halo gold mineralization.
Rattlesnake Hills is an alkalic gold system, similar in geology with the Cripple Creek gold district in Colorado.
Carlin Property
Drilling at the Carlin property has intersected alteration and sulfides in highly favorable host rocks. These rock units are similar to those that host major zones of gold mineralization in the gold deposits in the Carlin Trend.
This drilling is designed to test geophysical results that suggest the presence of favorable host rocks of the Carlin Trend that have not been tested previously by drilling. The Carlin property is included as part of an agreement with subsidiary companies of Newmont Mining Corporation.
- Drilling has intersected favorable host rocks, visually interpreted
as Lower Plate rock units similar to those that host the high grade
gold mineralization in the Carlin Trend.
- Abundant fine grained pyrite is present in these units at 2,800 -
3,000 feet in the drill hole.
- Starting at 3,780 feet and continuing to the current bottom of the
drill hole, approximately 4,000 feet, these favorable units are
strongly altered (decalcified) and contain abundant arsenic sulfides
(realgar and orpiment) and lesser amounts of antimony sulfide
(stibnite) in veinlets and along fractures.
- Evolving Gold plans to mobilize a second drill rig to the Carlin
property, pending discussions with local land owners, local officials
and regulators.
The Company cautions that these preliminary results are based on visual, field observations. Gold assays are still pending for the drilling at Carlin, with results expected within several weeks. Until such time as assay results are received and released, the observed data should be considered speculative.
Evolving Gold has approximately $19 million in its treasury, sufficient funding to continue to aggressively explore the Rattlesnake Hills project and to expand the drilling program at the Carlin property.
About Evolving Gold Corp.
Evolving Gold is focused on its discovery property - Rattlesnake Hills, Wyoming. Evolving has the option to acquire 100% of the Rattlesnake Hills project.
Evolving also has gold properties in New Mexico and Nevada including a lease agreement with subsidiaries of Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).
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 Corp please visit: www.evolvinggold.com. To receive regular updates from EVG or to receive a follow-up call from Investor Relations please sign up at: http://evolvinggold.com/sign-up.php
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
-------------------
Robert Barker
CEO and Director
http://finance.yahoo.com/news/Evolving-Gold-Drilling-Update-cnw-1197628115.html?x=0&.v=1
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