Evolving Gold (EVG-V, EVOGF-Qbb;

$0.98 on V) has just released the final set

of 2009 drill results from the Rattlesnake

Hills project, and they have managed to save

the best for last. The highlight is a series of

high grade intercepts from the North Stock

zone that include better results than those

which kicked off the season, and there were

also a number of new higher grade results

from the Antelope Basin target that add to

its potential.

The high-grade North Stock sections are

16.8 metres of 10.3 g/t; 6.1 m of 17 g/t, and

12.2 m of 8.3 g/t gold in three holes that extend

this part of the system by 100 metres.

These are within intersections of 158 to 82

metres with overall average grades of 3 g/t

to 1.64 g/t gold. The zone remains open to

depth and on trend, and there is now enough

on the table to conceptualize a bulk underground

resource if this coming season’s testing

indicates scale. The strong results from

Antelope included 76 metres of 1.8 g/t and

42 m of 1.5 g/t gold in deeper sections that

contained areas of higher grade. Antelope

also remains open along trend.

Several intercepts in deep testing of the porphyry

target suggest it could have been the

driver for the system. A picture is coming

together of how the deposits formed that

should allow both expansion testing and resource

definition to proceed more smoothly.

We continue to view EVG as settled in and

likely to trade with the gold price for the time

being, with these results helping to support

its market.