Continuing saga of Evolving Gold.
Not that crazy about the grade here. One good wide intersection of about 1 gram/T in RS160
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Vancouver - November 15, 2011 - Evolving Gold Corp., EVG/TSX is pleased to provide an update of the drilling program at its Rattlesnake Hills joint venture gold property in Wyoming. Rattlesnake Hills is a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Agnico-Eagle is the manager of the joint venture and is funding 100 percent of the current exploration program.
Summary of Results:
- The 2011 summer program at Rattlesnake Hills has completed a total of 8,193 m (26,880 ft) of core drilling in 24 holes. The results of the first 11 holes are reported here.
- Drilling has extended gold mineralization at the North Stock target to depth and to the south west.
- Drill hole RSC-160 intersected 282.9 m at 1.08 g/t Au (927.9 ft at 0.031 oz/t), including 39.6 m at 2.57 g/t Au (129.4 ft at 0.075 oz/t), confirming vertical continuity of gold mineralization to below a depth of 300 meters.
- Drill hole RSC-165 intersected 115.8 m at 0.50 g/t Au (379.8 ft at 0.015 oz/t) extending gold mineralization some 40 m to the south west of the know gold body.
- Gold extensions are open to the south, west and at depth. Future drilling will continue to follow up on demonstrated extensions of the North Stock gold deposit.
- Drilling between the North Stock and Antelope Basin gold deposits has encountered broad intersections of gold mineralization.
- Drill hole RSC-167 intersected 62.5 m at 0.51 g/t Au (205.0 ft at 0.015 oz/t) 200 m south of the North Stock deposit and 300 m north of the Antelope Basin deposit. This mineralization has the potential to become a connecting zone of gold mineralization between the two deposits. Drilling will continue to further explore and define this area.
- In addition to the drill program, Agnico-Eagle initiated an extensive surface exploration effort and a district-wide airborne magnetic and radiometric survey was completed. Only a fraction of the Rattlesnake Hills land package has previously seen modern exploration techniques applied to it. This program is expected to highlight more gold target zones on the property.
"The drill results are very encouraging as they demonstrate that the gold mineralization at North Stock both continues to depths greater than 300 m and may extend southward to connect with the Antelope Basin gold zone," comments William Gee, CEO of Evolving Gold. "The existence of a significant quantity of gold between the two known gold deposits shows the potential to greatly enhance the economics of the known gold system by possibly allowing for a single large pit with a reduced strip ratio." Mr. Gee adds, "We also remain excited for the potential to expand beyond the known gold zones and develop additional drill target elsewhere on this large property".
Assays have been reported for eleven drill holes, RSC-157 through RSC-167. Assays for the remaining thirteen drill holes of this summer drill program will be reported once they are received. To view an image of the drill hole layout corresponding to this news release, please click here or go to page 3.
Rattlesnake Hills Project Gold Assays
Hole From To Int Gold Int Ozs
M gms Feet
RSC-157 10.6 21.3 10.7 0.43 35.1 0.012
172.2 198.1 25.0 0.28 82.0 0.009
RSC-158 166.2 201.2 35.0 0.28 114.8 0.009
234.7 251.5 16.8 0.29 55.1 0.009
RSC-159 0 19.8 19.8 0.35 65.0 0.011
RSC-160 33.5 316.4 282.9 1.08 927.9 0.031
including 211.8 251.4 39.6 2.57 129.9 0.075
RSC-161 Low level Gold
RSC-162 240.79 266.7 25.9 0.24 85.0 0.007
RSC-163 54.8 121.9 67.1 0.25 220.1 0.007
RSC-164 128.0 158.5 30.5 0.28 100.0 0.008
280.5 372.2 91.7 0.24 300.8 0.007
RSC-165 86.9 277.4 190.5 0.41 624.8 0.012
including 86.9 202.7 115.8 0.50 379.8 0.015
RSC-166 Low level Gold
RSC-167 163.0 303.2 140.2 0.33 459.9 0.010
including 176.8 239.3 62.5 0.51 205.0 0.015
*0.24g/t Au cut-off grade is used for reporting purposes
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