Jake Creek, Nevada

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Data

Location: Between the north Carlin Trend & Getchell Trend, North Central Nevada

Size: 18,000 acres

Mineral: Gold

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In November 2010, Evolving Gold annouced the first two drill holes at its 100% owned Jake Creek property in north-central Nevada have intersected gold mineralization in a previously unexplored system. Results include 28.9 meters at 1.33 gpt Au (95 ft at 0.039 opt Au) including 1.5 meters at 11.3 gpt Au (5 ft at 0.330 opt Au) in drill hole JC-005.

Summary of Results:

Drill hole JC-005 intersected 45.7 meters at 0.97 gpt Au (150 ft at 0.028 opt Au), including 28.9 meters at 1.33 gpt Au (95 ft at 0.039 opt Au), and 1.5 meters at 11.3 gpt Au (5 ft at 0.330 opt Au). Drill hole JC-001 intersected multiple zones of anomalous gold, with grades to 0.36 gpt Au (0.011 opt Au) from 380 meters down hole to the end of the hole at 700 meters. Holes JC-002 through JC-004 remain to be drilled.
The high grade intersection in drill hole JC-005 is at a depth similar to that mined at the nearby Ken Snyder mine in the Midas district.
Drill holes JC-001 and JC-005 tested geophysical and mercury vapor anomalies.
The Jake Creek property is located on the western margin of the Northern Nevada Rift in a relatively unexplored area of north-central Nevada. The Twin Creeks mine (Newmont Mining Corp.) is approximately nine kilometers west of Jake Creek, and the Clover property of Atna Resources is contiguous to the southeast.
Volcanic hosted gold mineralization at Jake Creek is associated with silicification, adularia and clay alteration, typical of epithermal gold deposits, and has a low silver to gold ratio similar to the nearby Ken Snyder and Sleeper deposits in Nevada.

Mineralized Intervals, Drill Hole JC-005:

Drill Hole	From (meters)	To (meters)	Interval (meters)	Gold grams/tonne	Length (feet)	Gold ounces/ton
JC-005	210.3	256.0	45.7	0.97	150	0.028
includes	225.6	254.5	28.9	1.33	95	0.039
includes	236.2	237.7	1.5	11.30	5	0.330

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.

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