Evolving Gold Reports Additional Gold Intersections from Rattlesnake Hills 161.5 Meters at 1.84 gpt Au, Including 76.2 Meters at 3.14 gpt Au

October 27, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) (the "Company") is pleased to announce additional assay results from its 2010 core drilling program at its Rattlesnake Hills project in central Wyoming. Drill hole RSC-126 intersected 161.5 meters at 1.84 gpt Au, including 76.2 meters at 3.14 gpt Au. Drill hole RSC-128 intersected 224.0 meters at 1.03 gpt Au, including 29.0 meters at 2.21 gpt Au. Both of these drill holes expand the North Stock zone of gold mineralization at depth.

Summary of Results:

 

  • Drill hole RSC-126 intersected 161.5 meters at 1.84 gpt Au (530 ft at 0.054 opt Au). This includes 76.2 meters at 3.14 gpt Au (250 ft at 0.092 opt Au), which also includes two shorter intervals of 7.6 meters at 7.29 gpt Au (25 ft at 0.213 opt Au) and 3.9 meters at 18.77 gpt Au (13 ft at 0.548 opt Au).
  • Drill hole RSC-128 intersected 224.0 meters at 1.03 gpt Au (735 ft at 0.030 opt Au) including 29.0 meters at 2.21 gpt Au (95 ft at 0.065 opt Au).
  • Two wedge holes, RSC-111.1 and RSC-118.1, were designed to be the first tests of the deep porphyry target to the southeast of North Stock. Both returned broad intersections of low grade gold mineralization associated with numerous porphyry dikes. Included in the intersection in RSC-111.1 was 56.4 meters at 1.02 gpt Au (185 ft at 0.030 opt Au) which also included 22.9 meters at 1.67 gpt Au (75 ft at 0.049 opt Au).
  • Two drill holes, RSC-121 and RSC-124, were designed as a first test of the Southeast target, about 500-700 meters southeast of North Stock. Both drill holes encountered gold mineralization in this new target area.


Drill holes, RSC-126 and RSC-128, were set on the southern margin of the North Stock diatreme complex and were designed to drill to the north to test the full width of the North Stock target at depth. The results from these drill holes indicate that the North Stock mineralization extends to depths of at least 300 meters in the central portion of the mineralized zone.

"Drill holes RSC-126 and RSC-128 have provided excellent results across the width of the North Stock zone of gold mineralization at deeper levels," says Quinton Hennigh, President and Chief Geologist of Evolving Gold Corp. "These holes, along with other infill drill holes awaiting assays, should allow us to evaluate the open pit potential of the Rattlesnake Hills project. We are encouraged, as well, with the first results from deep tests of the porphyry target southeast of North Stock. Results from these drill holes confirm a strong association of broad zones of gold mineralization with gold-bearing porphyry dikes. In addition, our programs of geological mapping and sampling this summer, along with the results from the first drill holes in the Southeast target, support the exploration potential outside of the North Stock and Antelope Basin areas."

With the onset of winter weather conditions in central Wyoming, the company has wound down its drilling program for 2010. Winterization of the roads and drill sites, as required by the regulatory agencies, is complete. A total of 63 core holes were completed for approximately 25,600 meters (000 ft) of drilling. Assays are still pending for 28 drill holes.

Mineralized Intervals, Rattlesnake Hills Drilling:

North Stock Zone

 

 

 

Drill Hole

From (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

RSC-126

38.1

71.6

33.5

0.51

 

110

0.015

 

163.1

324.6

161.5

1.84

 

530

0.054

Includes

172.2

248.4

76.2

3.14

 

250

0.092

Includes

172.2

179.8

7.6

7.29

 

25

0.213

Includes

222.5

248.4

25.9

5.70

 

85

0.166

Includes

224.0

227.9

3.9

18.77

 

13

0.548

RSC-128

64.0

288.0

224.0

1.03

 

735

0.030

Includes

114.3

125.0

10.7

1.90

 

35

0.055

Includes

138.7

150.9

12.2

2.02

 

40

0.059

Includes

172.2

201.2

29.0

2.21

 

95

0.065

Includes

172.2

178.3

6.1

4.87

 

20

0.142

Includes

210.3

217.9

7.6

1.83

 

25

0.053

Includes

260.6

274.3

13.7

1.74

 

45

0.051

Includes

278.9

285.0

6.1

1.96

 

20

0.057

 

338.3

355.1

16.8

1.05

 

55

0.031

Includes

347.5

350.5

3.0

4.15

 

10

0.121

 

373.4

382.5

9.1

0.97

 

30

0.028

RSC-120

10.7

21.4

10.7

0.41

 

35

0.012

 

70.1

82.3

12.2

0.45

 

40

0.013

 

173.7

202.7

29.0

0.92

 

95

0.027

Includes

175.3

178.3

3.0

3.00

 

10

0.088

 

210.3

237.7

27.4

1.06

 

90

0.031

**

252.9

446.5

193.6

0.37

 

635

0.011

RSC-125

140.2

153.9

13.7

0.58

 

45

0.017

 

195.1

222.5

27.4

0.72

 

90

0.021

**

417.6

568.5

150.9

0.42

 

495

0.012

Includes

490.7

495.3

4.6

1.94

 

15

0.057


** These intervals are broad zones of gold mineralization associated with porphyry dikes. Lower grade intervals are included in the averages for these intervals.


Porphyry Target, Southeast of North Stock

 

 

 

 

Drill Hole

From (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

RSC-111.1

333.8

349.0

15.2

1.25

 

50

0.037

 

396.3

405.4

9.1

1.00

 

30

0.029

**

477.0

722.4

245.4

0.41

 

805

0.012

Includes

499.9

556.3

56.4

1.02

 

185

0.030

Includes

515.1

538.0

22.9

1.67

 

75

0.049

RSC-118.1

298.1

318.5

20.4

0.88

 

67

0.026

**

355.1

609.6

254.5

0.30

 

835

0.009


** These intervals are broad zones of gold mineralization associated with porphyry dikes. Lower grade intervals are included in the averages for these intervals.

Holes RSC-111.1 and RSC-118.1 are wedge holes from previously released holes, with wedges set at approximately 298 meters down hole.

Southeast Target

 

 

 

 

Drill Hole

From (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

RSC-121

178.3

189.0

10.7

1.24

 

35

0.036

Includes

179.8

182.9

3.6

3.60

 

10

0.105

RSC-124

214.9

219.5

4.6

1.72

 

15

0.050


Drill hole RSC-119 encountered low level gold mineralization in an area about 300 meters southwest of Antelope Basin. Drill hole RSC-127 intersected low level gold mineralization in an area about 250 meters southeast of North Stock. Results from RSC-122 and RSC-123 were previously reported on October 7, 2010.

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 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. 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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