Evolving Gold Intersects 251 meters at 1.5 gpt Gold at Rattlesnake, Including 38 meters at 3.18 gpt Gold

December 16, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") is pleased to announce additional assay results from the 2010 core drilling program at its Rattlesnake Hills project in central Wyoming. The infill drilling program at the North Stock gold zone continues to intersect long intervals of gold mineralization. Drill hole RSC-144 intersected 251 meters at 1.5 grams per tonne Au, including 38 meters at 3.18 grams per tonne Au.

Summary of Results:

 

  • Drill hole RSC-144 intersected 251 meters at 1.5 grams per tonne Au (825 ft at 0.044 oz per ton Au), including 38 meters at 3.18 grams per tonne Au (125 ft at 0.093 oz per ton Au) and 14 meters at 7.81 grams per tonne Au (45 ft at 0.228 oz per ton Au).

Drill hole RSC-144 was collared within the North Stock gold zone and oriented to the northeast. Drill hole RSC-141, assays for which were released earlier this week, was drilled from the same drill pad, with the same orientation but at a steeper inclination. Hole RSC-141 intersected 332 meters at1.28 gpt gold, starting at surface. The new hole, RSC-144, was designed to fill a gap in past drilling and intersected 251 meters at 1.5 gpt gold, including several higher grade zones.

Drill hole RSC-143 was a step out hole on the southwestern margin of the North Stock Hill and outside of the identified North Stock gold zone. It intersected two intervals of modest grade mineralization, including 48 meters at 0.61 gpt gold and 59 meters at 0.34 gpt gold.

"The latest assay results from our infill drilling continue to provide strong support for both the continuity and extent of the central gold zone. These results are also very encouraging as they continue to define the grade and distribution of the large volume of modest grade gold mineralization that should fall within the limits of a potential open pit," says Quinton Hennigh, President and Chief Geologist of Evolving Gold.

The Company completed a total of 63 core holes in 2010, for a total of approximately 25,600 meters (000 ft) of drilling. Assays are still pending for 12 drill holes. Of the remaining holes, seven are infill and step-out drill holes at North Stock, and five are infill and step-out drill holes at Antelope Basin.

Mineralized Intervals, North Stock Zone

 

 

 

Drill Hole

From (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

RSC-143

227.1

275.9

48.8

0.61

 

160

0.018

 

295.7

355.1

59.4

0.34

 

195

0.009

RSC-144

41.1

292.6

251.5

1.5

 

825

0.044

Includes

108.2

146.3

38.1

3.18

 

125

0.093

Includes

109.7

128.0

18.3

3.8

 

60

0.111

Includes

214.9

228.6

13.7

7.81

 

45

0.228

Includes

221.0

228.6

7.6

12.05

 

25

0.352


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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