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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (138871)12/11/2008 11:23:45 AM
From: ogi  Read Replies (1) of 312891
 
Rocket some insight on EVG.v from their chief Geo Quinton Henigh. I sold half on results but am holding all the rest til I know more. Hole 12 is their deepest and could be very interesting. Core visuals are helpful on this property.

Cheers,
Ogi

::Questions for QH

What is the significance of Hole #7? Hole 7 provides confirmation that the zone intersected in hole 3 has significant potential and also provides us with a better understanding of its geometry. It appears this high grade zone trends SW and is extending further into the wall of the diatreme than previously thought. It has a significant vertical extent of at least 200 meters. Once results for holes 12 and 15 return, an estimate of its true width should become feasible.

How far away from #3 was #7 drilled? Hole 7 is collared 65 meters southwest of hole 3 and is oriented in a similar direction.

Were the #7 results roughly what you had anticipated? I am very pleased with the results for hole 7 because the highest grade portions hold together very well. We see intervals with consistently high numbers.

How do the grades you are encountering compare with the Cripple Creek complex? The high grade zone we have encountered is surrounded by a broad envelope of lower grade values similar to those being mined in the open pit at Cripple Creek today. The 3D model available on our website displays all results down to a 0.007 ounce per ton gold cutoff to allow the viewer to get a feel for the volume of rock that is mineralized at Rattlesnake. We see gold mineralization to considerable depths, some holes over 500 meters deep ending in mineralized rock.

Are you beginning to get a sense of the structure of the Rattlesnake Hills discovery? With each hole, we are learning more bout the geometry of this system. Much of the high grade in holes 3 and 7 appears to be hosted by a large block of rock that detached from the south wall of the diatreme. We seem to have hit the rest of this high grade zone, still in its original position, at the bottoms of holes 6 and 7. If this proves to be the case, we should start to see the emergence of two parallel zones of high grade that have been offset along a fault.

What did holes 4, 5 and 6 tell you? Significant gold values in the upper parts of hole 5 and 6 are likely a shallower expression of the high grade zone encountered in holes 3 and 7. This tells us that this zone is bending to a more northerly orientation as it continues eastward. Hole 4 did not encounter this same zone, but instead hit structures in the wall of the diatreme that host low grade mineralization. With this information, drilling next season will focus on the newly perceived direction the high grade is trending.

Could you explain why you would do a re-assay of the results from Hole #3? What's involved in that process? When significant coarse gold is present in a mineralized interval, it is wise to conduct a metallic screen assay which provides a much more accurate measure of the true gold content of the sample. This type of assay starts with a much larger sample of material, 0.5 kg, which is pulverized to <180 mesh, then sifted through fine screens that catch coarse gold particles. Two samples of the fine material that passed through the screen are assayed as well as the entire sample of material that was caught on top of the screen. The final metallic screen assay is calculated from all three assays, thus accounting for the coarse gold fraction.

If you ever have any more questions feel free to email me at cass@evolvinggold.com and I will get right back to you as soon as I can.



Thank you again,

Have a fabulous day!

Cassie Hepburn

Evolving Gold Corp.
Tel: 604 685-6375
TF: 866 604-3864
Fax: 604 909-1163
www.evolvinggold.com
cass@evolvinggold.com
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