New Gold Targets Bite @ Rattlesnake Hills Project. Investors may exhale as company explores exhalite targets. Exhalites are not "former salts", but vents in an ocean floor or geyser system.
VANCOUVER, March 26, 2012 Evolving Gold Corp. EVG/TSX is pleased to report that surface exploration in 2011 identified new gold targets at its Rattlesnake Hills gold discovery in Wyoming, a joint venture with Agnico-Eagle (USA) Limited. Agnico-Eagle is the manager of the Rattlesnake Hills joint venture and is funding 100 percent of the exploration program.
Summary of Results:
- Surface exploration included 1,279 soil samples and 368 rock chip samples.
- The soil survey identified new gold target zones outside of the known gold occurrences at North Stock and Antelope Basin.
- Gold (Au) anomalies were identified with a similar magnitude to North Stock and Antelope Basin at South Stock, Confluence, Pronghorn, and E-W Breccia. The South Stock anomaly has a larger footprint than North Stock.
- Arsenic (As) anomalies cover all targets, and demonstrate both north-south and east-west structural corridors. Arsenic concentrations show similar patterns to gold, which is expected given its correlation with gold in core samples.
- Rock chip sampling confirmed the gold target at South Stock, also identified in drill hole RSC180 (9g/t Au over 3m) reported on January 23, 2012. Rock chip samples also identified a new gold target zone to the east. See Figure 2.
- A large area of gold mineralization outcrops on top of South Stock, mainly as oxidized, disseminated and vein hosted sulfides in heterolithic breccia.
- Rock chips up to 3.1 g/t Au identify the Growler prospect, 1,300 m east of South Stock in vein breccias and potassic alteration.
- Multiple 0.5 to >1 g/t Au samples also outline the known Exhalite gold target.
"The surface exploration work completed this past field season confirms the presence of additional gold targets outside of the known targets at North Stock, Antelope Basin and Exhalite. These results are expanding the scale of the gold mineralization at Rattlesnake Hills, demonstrating that this is a district scale gold project," said R. Bruce Duncan, CEO of the company. "These new gold targets present an exciting new set of exploration and drill targets for 2012."
Soil and Rock chips were processed at American Assay Labs (AAL) in Sparks, Nevada. Rock chips used fire assay for Au (FA30) and ICP-2A for 68 element suite. Soils used fire assay for Au (FA30) and ICP-2A-UT for 68 element suite.
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