Evolving Gold Initiates Drilling at its 100% Controlled Humboldt Gold Project, Carlin, NV
June 17, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce it has initiated drilling on its 100% controlled Humboldt gold project adjacent to its Carlin project in the prolific Carlin Trend of Nevada.
- On May 3, the Company announced acquisition of a major, new, 100% Evolving Gold controlled land position adjacent to its Carlin Gold project.
- The recently acquired land, the Humboldt project, totals approximately 36 square miles (93 square kilometers). The project lands are entirely outside of the area of interest of an Earn-In Agreement with subsidiaries of Newmont Mining Corp. The land is largely private and 100% controlled by Evolving Gold.
- The Company initiated drilling with a 600 m (000 ft) precollar (EHB-001) to test the first of multiple targets defined by a geophysical program on the Humboldt project land holdings.
- Diamond core drilling will commence once the precollar is completed and will target mineralization similar to that already encountered in drilling on the Company's adjacent Carlin property, and at the nearby Rain mine (Newmont Mining Corp.).
"We are pleased that our initial geophysical data have readily generated multiple drill targets on our new Humboldt project," states Quinton Hennigh, President and Chief Geologist of Evolving Gold Corp. "We believe that the gold system encountered in drilling on the adjacent Carlin project extends onto our newly acquired land controlled 100% by Evolving Gold. Hole EHB-001 lies on line between the Rain deposit and hole CAR-007 where Evolving Gold intersected multiple intervals of high grade gold mineralization."
Robert Barker, CEO, comments, "The start of drilling on our 100% controlled Humboldt project is a major step in Evolving Gold's exploration program in the Carlin Trend. Because much of the land is private minerals, and because Evolving Gold has access agreements for much of the private surface, the Company is in an excellent position for permitting and well insulated from any potential new royalties. Our exploration team has already demonstrated the presence of high grade gold mineralization on our adjacent Carlin project area, and we are confident that the same gold systems extend onto our Humboldt project lands."
About Evolving Gold Corp.
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties in and adjacent to the productive Carlin district 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
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
|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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