Evolving Gold Intersects Additional High Grade at Carlin
November 14 2012 - 7:00AM
Marketwired
Evolving Gold Corp. (TSX:EVG) (FRANKFURT:EV7) (OTCQX:EVOGF) (the
"Company") announces high grade gold intersections in drill holes
CAR-016.2 and CAR-021 at its Arch target on the Carlin trend in
Nevada. Drill hole CAR-016.2 intersected 9.4 meters at 12.51 grams
per tonne gold (30.8 ft at 0.365 opt Au), which includes 3.4 meters
at 28.22 grams per tonne gold (11.2 ft at 0.824 opt Au). Drill hole
CAR-021 intersected an upper interval of 27.7 meters at 4.97 grams
per tonne gold (90.9 ft at 0.145 opt Au) including 7.6 meters at
11.34 grams per tonne gold (24.9 ft at 0.331 opt Au), and a lower
interval of 10.2 meters at 17.92 grams per tonne gold (33.5 ft at
0.523 opt Au).
"These results continue to demonstrate that we have identified a
significant zone of high grade gold mineralization on our Carlin
land holdings in Nevada," comments R. Bruce Duncan, CEO of Evolving
Gold. "Our geologists have interpreted a zone of high grade gold
mineralization following along the crest of the Arch Zone. We
consider the entire crest of the Arch Zone between CAR-007 and
CAR-002, a distance of approximately 700 meters, to be highly
prospective for additional high grade discoveries and extension of
the known high grade, and we believe that the high grade potential
is completely open along strike."
-- Diamond drill hole CAR-016.2, is a wedge hole off of drill hole CAR-
016.1. It contains multiple gold intersections including 9.4 meters at
12.51 grams per tonne gold, including an interval of 3.4 meters at 28.22
grams per tonne. Drill hole CAR-016.2 is approximately 10 meters west of
CAR-016.1. It was designed to test the area between CAR-016.1 and CAR-
007. CAR-007 was the first hole that intersected high grade gold in the
Arch target. Results demonstrate continuity of high grade gold
mineralization.
-- Diamond drill hole CAR-021, located 45 meters east of CAR-016.2,
intersected two high grade gold intervals. The upper interval of 27.7
meters at 4.97 grams per tonne gold includes 7.6 meters at 11.34 grams
per tonne gold and 3.8 meters of 15.32 grams per tonne gold. The second,
lower intersection is 10.2 meters at 17.92 grams per tonne gold. Due to
down hole deviation, these intersections are approximately 15 meters
east-southeast of CAR-016.1. Hole CAR-021 demonstrates that high grade
mineralization remains open to the east and southeast.
-- Gold mineralization in both holes is accompanied by decalcification of
limestone host rocks, remobilized carbon, fine pyrite and realgar. The
high grade zone projects to the east southeast and is open in that
direction. The nearby Saddle (Premier Gold) and Rain (Newmont Mining
Corp) deposits, about five kilometers to the south have similar
orientation. Evolving Gold geologists believe the Arch Zone high grade
follows a structural corridor along the crest of a pronounced anticline
in the underlying rocks and that high grades in hole CAR-002 and its
accompanying wedge holes (approximately 700 meters southeast of CAR-007)
are related to a similar structure.
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Summary of results from holes CAR-016.2 and CAR-021
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Hole From To Length Gold Length Gold
(meters) (meters) (meters) (grams/tonne) (feet) (oz/ton)
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CAR-016.2 868.7 870.2 1.5 4.38 4.9 0.128
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881.8 883.0 1.2 2.54 3.9 0.074
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886.4 887.0 0.6 5.89 2.0 0.172
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897.0 898.9 1.9 4.10 6.2 0.120
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910.4 912.0 1.6 3.06 5.2 0.089
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915.0 916.8 1.8 1.69 5.9 0.049
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936.4 945.8 9.4 12.51 30.8 0.365
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including 941.5 944.9 3.4 28.22 11.2 0.824
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CAR-021 880.0 881.5 1.5 4.28 4.9 0.125
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895.2 922.9 27.7 4.97 90.9 0.145
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including 895.2 896.7 1.5 8.19 4.9 0.239
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including 898.0 898.6 0.6 26.44 2.0 0.772
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including 909.5 911.1 1.6 10.24 5.2 0.299
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including 915.3 922.9 7.6 11.34 24.9 0.331
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including 915.3 915.9 0.6 29.78 2.0 0.870
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including 917.8 921.6 3.8 15.32 12.5 0.447
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952.1 962.3 10.2 17.92 33.5 0.523
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All drill hole averages are weighted averages, weighting each
assay interval according to the core length for that interval. All
assay intervals are included in the average with no bottom cut off.
At this stage of exploration, true widths are not precisely known.
Gold assays were completed by Inspectorate America Corporation's
lab in Sparks, Nevada, using a 30 gram charge fire assay with ICP
finish. Overlimits are completed using a gravimetric finish.
Arch Cross Section:
http://www.evolvinggold.com/i/maps/CarlinProject-121113.jpg
In compliance with National Instrument 43-101, Dr. Quinton
Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the
accuracy of this news release.
About Evolving Gold Corp.
Evolving Gold is focused on exploring its gold properties in and
adjacent to the productive Carlin district of northern Nevada, and
its gold discovery at Rattlesnake Hills, Wyoming.
For more information about Evolving Gold please visit:
www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
R. Bruce Duncan, President, CEO and Director
FORWARD LOOKING STATEMENTS: This news release contains
forward-looking statements, which relate to future events or future
performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's
current beliefs and are based on assumptions made by and
information currently available to the Company. Investors are
cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date
hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings
with SEDAR in Canada (available at www.sedar.com).
Contacts: Evolving Gold Corp. Corporate Offices 604.685.6375 or
Toll Free:
866.604.3864info@evolvinggold.combruce@evolvinggold.com