Evolving Gold Drilling Expands the Antelope Basin Gold Zone Rattlesnake Hills Project, Wyoming

January 6, 2011, Vancouver, British Columbia: Evolving Gold Corp. (TSX: EVG) (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 (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

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 (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. To receive regular updates or to receive a follow-up call from Investor Relations please sign up at: http://www.evolvinggold.com/.


On Behalf of the Board of Directors

EVOLVING GOLD CORP.

"Robert Barker"
Robert Barker
CEO and Director


FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:

Graham Johnstone
Tel: 778-331-2023

 

 

 

 

 

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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