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Business Description
Evolving Gold is a gold exploration company focused on properties in Wyoming and Nevada. A strong Board of Directors and a management team of highly experienced geo-science and financial professionals position Evolving Gold for aggressive acquisition and development of advanced stage gold properties.
TSX-V: EVG | OTC: EVOGF
Highlights
* Management has deep industry experience (Newmont).
* Rattlesnake Hills in Wyoming is an alkalic gold deposit with characteristics of the 28MM oz Cripple Creek mine in Colorado.
* Several assays from Rattlesnake Hills are pending. Five drill rigs are currently running there.
* Initial hole from property in Nevada is visually indicating the Lower Plate rocks that host the high grade mines of the Carlin Trend (Newmont JV).
* Initial results from the first Carlin holes (incl. 35.1 meters at 1.21 gpt gold) are "extremely encouraging".
* $19MM cash in the bank (as of 8/09).
* Proactive management provides unparalleled quality of corporate communications.
Advanced Projects
Wyoming - The Rattlesnake Hills project is an alkalic deposit that shares several key characteristics of the 20MM+ oz Cripple Creek mine in Colorado. The goal of the company is to discover multi-million ounce gold deposits. Work on Rattlesnake Hills to date has shown it has that potential.
"Drilling in 2009 is designed to expand and confirm the body of bulk tonnage style mineralization, and the high grade zones within it which was reported at the end of 2008 drilling. The 2008 drilling defined a body which measured approximately 450 meters long, 200 meters wide, and 550 meters deep. The 2009 drilling is also designed to better define the mineralization at Antelope Basin, up to 750 meters to the south of North Stock, and explore the potential connection between the two zones of mineralization."
Assay results to date include:
* 146 m of 2.92 gpt Au
* 131 m of 2.84 gpt Au
* 67.1 m of 10.8 gpt Au
As of 8/31/09, five rigs are currently drilling at Rattlesnake Hills. Initially the program for 2009 called for three rigs and approximately 15,000 meters of drilling (press release), but was subsequently expanded to five rigs and 25,000 meters of drilling.
Nevada - "The Carlin property area is situated between the Gold Quarry (Newmont) [32MM oz's Au] and Rain [5MM oz's Au] mines of the Carlin Trend and comprises approximately 5,300 acres of Newmont-held surface and minerals and 3,070 acres of Newmont-held lode claims combined with a further 1,750 acres of Evolving's claims. Although much of this area is covered by a veneer of gravel belonging to the Miocene Carlin Formation, gravity data suggest basement rocks like those that host the adjacent deposits of the trend lie at shallow depth." [emphasis added]
"Drilling has intersected favorable host rocks, visually interpreted as Lower Plate rock units similar to those that host the high grade gold mineralization in the Carlin Trend."
Other Projects
* All Carlin Properties - Nevada
* Sleeper District Project - Nevada
* Alpha Butte - Nevada
* Fisher Canyon - Nevada (sold in 2009)
* Malone - New Mexico
* Kiyuk - Nunavut
Share Structure (as of 11/27/09)
O/S: 104,590,242
Fully Diluted: 128,898,038
O/S Options/Wts: 24,307,796
Of the 24MM warrants, 11,253,689 are priced at $1.25-$1.50 and expire in 1Q2010
Management & Directors
Quinton Hennigh, M.Sc., Ph.D, President and Director
Robert Barker, Ph.D., CEO and Director
Robert Bick, MusBac., Executive Chairman and Director
Vitaly Melnikov, MBA, CPA, Chief Financial Officer
William Majcher, BCom, Director
Gilles J. Arseneau, Ph.D., P.Geo, Director
William F. Lindqvist, Ph.D, Director
Daniel Wolfus, Director
Geology Team
Quinton Hennigh, M.Sc., Ph.D, President and Director
Robert Barker, Ph.D., CEO and Director
Lewis C. Kleinhans, Ph.D. Senior Geologist
Tom Weis, MSc. Geophysicist
Lawrence A. Dick, Ph.D., P. Geo, Technical Adviser
Due Diligence Materials
Evolving Gold web site
Latest corporate presentation (11/10/09)
Rattlesnake Hills Project - a must-see video that includes a fly-through of the project.
The Technical Corner - Dr. Quinton Hennigh discusses the EVG team and Rattlesnake Hills in this audio archive (2/9/09).
July 16, 2009 Rattlesnake Hills conference call - audio archive (sound quality is poor).
Geology of the Cripple Creek Mining District - article on the deposit that is a model for Rattlesnake Hills.
The Carlin Trend - article on the area that hosts EVG's Carlin properties.
Nevada's Micron (Microscopic) Gold - more on the Carlin area.
Gold Deposits of the Carlin Trend (NBMG Bulletin 111) - detailed technical paper.
News
Click here for the latest news.
Click here for the latest Rattlesnake Hills Drill Status Report
Contacts
Robert Bick, Executive Chairman
robert@evolvinggold.com
Direct: 604 685 6375
Toll Free: 1-866-604-3864
Investor Relations:
First Canadian Capital Corp.
Leo Karabelas
Tel: 416 742-5600 ext. 235
lkarabelas@firstcanadiancapital.com
Senergy Communications Inc.
Shiro Rae
Tel: 778 331-2097
shiro@senergyir.com
Charts and Images
EVG weekly chart
Carlin Project in Google Earth
Core from Carlin
North Stock 1
North Stock 2
Rainbow over South Stock
Rattlesnake Hills cross section
Rattlesnake Hills cross section - close-up |
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