Evolving Gold Begins Drilling at its Rattlesnake Hills, WY Gold Project
June 7, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce it has commenced its 2010 drill program of 20,000 meters at its 100% owned Rattlesnake Hills, WY gold project.
2010 Rattlesnake Hills Drill Program
The company has commenced its 20,000 m diamond drilling program which is expected to continue through late October, 2010.
- Approximately 60% of the total drill budget will be dedicated to infill and step-out drilling to further define the known zones of mineralization, and to test the undrilled extensions of gold mineralization at North Stock and Antelope Basin.
- Approximately 40% of the total drill budget will be applied to continued exploration of several new target areas identified by surface sampling and mapping in 2009. All of these new targets lie within a 2 km radius of the North Stock and Antelope Basin areas, the focus of most of the past drilling. The porphyry target which lies southeast of North Stock is an important part of this ongoing exploratory drilling.
- The company will utilize three track mounted core rigs to provide more flexibility on small, hillside drill pads.
- Newly constructed drill pads will provide improved access and greater ability to properly test open zones and extensions of mineralization at North Stock and Antelope Basin.
"We are very pleased to start drilling again at Rattlesnake," says Quinton Hennigh, President and Chief Geologist of Evolving Gold. "The start date was pushed back a couple weeks due to very wet conditions, but warmer and drier conditions, normal for this time of year, have taken hold. We are looking forward to stepping out and exploring some clearly open extensions of gold mineralization at North Stock and Antelope Basin, but we are equally excited to start testing some new, well-defined targets resulting from our work last season. The results of last year have demonstrated that we have only just begun to explore the full potential at Rattlesnake Hills, and we have yet to test the full size potential of this remarkable system."
Rattlesnake Hills NI 43-101 Technical Report
The Company is still awaiting an updated 43-101 technical report for the project from AMEC Metals and Mining. Although a technical report has not yet been delivered, AMEC has provided valuable guidance for conducting step-out drilling and drill hole spacing for the 2010 drill program.
About Evolving Gold Corp.
Evolving Gold is exploring its 100 percent owned Rattlesnake Hills project in central Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado. Evolving Gold is also currently drilling on its Carlin project, in the south portion of the Carlin Trend of northern Nevada.
For more information about Evolving Gold please visit: www.evolvinggold.com. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://www.evolvinggold.com/.
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.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
CEO and Director
EVOLVING GOLD CORP.
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
Direct: 604 685 6375
Toll Free: 1-866-604-3864
|FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
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