Evolving Gold Corp. (EVG.V) Message Board

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Gold/Mining/Energy : Evolving Gold Corp. (EVG.V)

EVG 11.13

-0.9%

Nov 3 4:00 PM EST

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From: basserdan	6/22/2010 5:09:21 PM
	1 Recommendation of 363

From the Coffin Bros., Hard Rock Dispatch (6-20) Evolving Gold (EVG-V; EVOGF) is now at work on three projects: Rattlesnake in Wyoming, and Carlin and Humboldt in Nevada. Drilling of two offset holes, each a 200 metre step out, from the deep discovery hole at Carlin has been ongoing for several months. Drilling isn’t fast at 4000+ foot depths, but we should hear something soon. Drilling has also commenced on the adjacent Humboldt project, located between the Carlin property and Newmont’s Rain mine. EVG is targeting using geophysics that generated anomalies similar to the one at the Carlin discovery area. Significantly (if they find something) this is a 100% EVG project that is not subject to a Newmont back in. This large package of land outside the Newmont area of interest should increase the value that would accrue from a discovery here. Drilling has also begun on the 2010 program at Rattlesnake Hills in Wyoming. The 20,000 metre program will use three core rigs for infill and extension drilling at North Stock and Antelope Basin. It will also test a number of new targets generated in the past year. The company is still awaiting a 43-101 resource estimate. We do not expect a big number from that estimate since the drill spacing is still too wide in a number of areas at Rattlesnake. Some of the weakness EVG has had over the past few months may be recognition of that fact. At this point it’s more important to look forward to the resource growth and potential for news and new discovery that should come from multiple drill programs now underway. The 43-101 report should not be long in coming. It may be worth waiting to see what effect, if any, that has on EVG’s market. With that caveat in place, this seems a good time and price to be accumulating this gold discovery story. evolvinggold.com Regards for now, David Coffin and Eric Coffin hraadvisory.com

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