Infill Drilling Results at Rattlesnake Hills, Wyoming 178.3 Meters at 1.51 gpt Au, Includes 35.1 Meters at 3.90 gpt Au

November 23, 2010, Vancouver, British Columbia: Evolving Gold Corp. (TSXV: 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. Drill hole RSC-130, part of an infill drilling program on the western side of the North Stock gold zone, intersected 178.3 meters at 1.51 gpt Au, including 35.1 meters at 3.90 gpt Au, and 10.7 meters at 5.89 gpt Au.

Summary of Results:

 

  • Drill hole RSC-130 intersected 178.3 meters at 1.51 gpt Au (585 ft at 0.044 opt Au), including 35.1 meters at 3.90 gpt Au (115 ft at 0.114 opt Au) and also including 10.7 meters at 5.89 gpt Au (35 ft at 0.172 opt Au).
  • Results from drill hole RSC-130 indicate continuity of mineralization on the western side of the North Stock zone, as well as to depths of approximately 250 meters in the same area.
  • Drill hole RSC-131, on the southwestern margin of the North Stock zone, intersected a long interval of largely oxidized halo mineralization, 205.7 meters at 0.59 gpt Au (675 ft at 0.017 opt Au).

"As expected, this infill drilling has demonstrated long intervals of strong gold mineralization," comments Quinton Hennigh, President and Chief Geologist for Evolving Gold Corp. "Previous drilling in 2009 demonstrated excellent continuity of gold mineralization in the eastern portion of the North Stock zone. Our infill drilling this year has continued to demonstrate strong continuity of gold mineralization in the central portion of North Stock, and now to the west. Our infill drilling has been designed to better define continuity in the near surface gold mineralization, with potential for open pit development, and in the high grade core of the North Stock gold zone to depths of up to 300 meters. We consider the results to date to be very encouraging."

Mineralized Intervals, North Stock Zone

 

 

 

Drill Hole

From (meters)

To

(meters)

Interval

(meters)

Gold grams/tonne

 

Length (feet)

Gold

ounces/ton

RSC-129

109.7

129.5

19.8

0.32

 

65

0.009

 

253.0

303.3

50.3

0.48

 

165

0.014

RSC-130

12.2

24.4

12.2

0.40

 

40

0.012

 

106.7

285.0

178.3

1.51

 

585

0.044

Includes

137.1

147.8

10.7

5.89

 

35

0.172

Includes

170.7

205.8

35.1

3.90

 

115

0.114

 

312.4

326.1

13.7

0.91

 

45

0.027

RSC-131

0.0

205.7

205.7

0.59

 

675

0.017

Includes

172.2

199.6

27.4

2.04

 

90

0.060


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.

The Company completed a total of 63 core holes in 2010, approximately 25,600 meters (000 ft) of drilling. Assays are still pending for 25 drill holes. Of the remaining holes, eighteen are infill and step-out holes at North Stock, and five are infill and step-out holes at Antelope Basin. One hole tested a new mineralized zone between North Stock and Antelope Basin which was discovered earlier in 2010, and one hole tested the deep porphyry target.

About Evolving Gold Corp.

Evolving Gold is focused on exploring its significant 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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