InvestorsHub Logo
Followers 328
Posts 92770
Boards Moderated 3
Alias Born 07/06/2002

Re: basserdan post# 23013

Thursday, 01/06/2011 8:30:46 AM

Thursday, January 06, 2011 8:30:46 AM

Post# of 35737

Evolving Gold Drilling Expands the Antelope Basin Gold Zone

Thursday January 6, 2011, 7:45 am

Rattlesnake Hills Project, Wyoming

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

Summary of Results:

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

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

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

Mineralized Intervals, Antelope Basin Zone

Drill Hole From(m) To(m) Interval(m) Gold(g/t) Length(ft) Gold(oz/t)


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


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

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

About Evolving Gold Corp.

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

For more information about Evolving Gold please visit: www.evolvinggold.com

On Behalf of the Board of Directors

EVOLVING GOLD CORP.

"Robert Barker"
Robert Barker
CEO and Director

http://finance.yahoo.com/news/Evolving-Gold-Drilling-prnews-1693931879.html?x=0&.v=1




Dan

Join the InvestorsHub Community

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.