Evolving Gold Signs Third
November 7, 2007, Vancouver, British Columbia: Evolving Gold Corp. (TSX-V:EVG) (OTCBB: EVOGF) (FSE:EV7) (the “Company”) is pleased to announce it has signed a third contract for exploration drilling on their portfolio of southwest
The Sheep Creeks property is a covered target where gravity and other data indicate that potentially gold-bearing basement rocks lie at relatively shallow depths. A total of 11 holes are planned, comprising approximately 15,000 meters of reverse circulation drilling in total.
A second reverse circulation drilling program, to be carried out by Diversified Drilling, is set to begin later this month at the Company’s
Drilling at
Meanwhile, a third drill is carrying out diamond drill testing of the Company’s Malone gold-silver prospect located near the Tyrone porphyry copper deposit in New Mexico.
Evolving Gold currently holds 12 gold projects, totaling over 100,000 acres, mainly located in the gold-bearing trends of north-central Nevada and has planned and budgeted for drill testing of all of the projects in its expanding portfolio.
About Evolving Gold Corp.
Evolving Gold Corp. is an emerging gold exploration and development company focused on building value through the acquisition and exploration of world class prospective gold prospects in the southwestern
Evolving recently signed an LOI to enter into an agreement with Newmont Mining Corporation concerning an exploration partnership on four prospective gold properties located within the prolific Carlin Gold Trend (see press release dated
In compliance with National Instrument 43-101 (“NI 43-101”) Lawrence A. Dick, Ph.D., P.Geo. is the Qualified Person responsible for the accuracy of this news release.
For more information visit www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
“
President and Director
FOR MORE INFORMATION, PLEASE CONTACT:
Evolving Gold Corp.
Robert Bick,
Chief Executive Officer: robert@evolvinggold.com
Direct (604) 639-0432
Toll free 1-866-604-3864
OR
Renmark Financial Communications Inc
Christopher Wells: cwells@renmarkfinancial.com
James Buchanan: jbuchanan@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
OR
Excelsior Communications Inc.
Miranda Bradley, Managing Partner
miranda@excelsiorcommunications.com
Direct (416) 860-2509
www.excelsiorcommunications.com
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to the continued advancement of Evolving’s general business development, research development and/or Evolving’s development of mineral exploration projects. When used in this document, the words “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions are intended to be among the statements that identify forward-looking statements. Although Evolving Gold Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that Evolving’s mineral deposit(s), fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our annual report on Form 20F filed with the U.S. Securities and Exchange Commission and filings made with the British Columbia Securities Commission.
Not For Distribution to
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.