Evolving Gold Retains Jean-Philippe Paiement, P.Geo, M.Sc. From SGS Canada Inc. as QP for Lithium Lakes Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 28, 2016) - Evolving Gold Corp. (CSE:EVG)(FRANKFURT:EV7)(OTC PINK:EVOGF) (the "Company") is pleased to announce that it has retained Jean-Philippe Paiement, P. Geo, M.Sc. from SGS Canada Inc., an independent Qualified Person ("QP") as defined by National Instrument 43-101 guidelines, as the QP for Evolving Gold's Lithium Lakes Project in Quebec.
Mr. Paiement graduated from Université of Québec in Montréal (2006) with a B.Sc. in Resources Geology and from Laval University (2009) with a M.Sc. in Earth Sciences. Mr. Paiement specializes in ore deposit geology, resource estimation, geostatistics, and structural geology.
Mr. Paiement started working with SGS Canada Inc. as a consulting geologist for exploration and drilling campaigns in 2009. Since then, he has specialized in exploration modeling and targeting, resource estimation, geostatistics, mine audits, and sample selection. Mr. Paiement worked on several technical reports and is considered to be a Qualified Person for numerous commodities such as vein-style Au-Ag deposits, polymetallic base metal deposits, and industrial mineral deposits (REEs, lithium, phosphate, graphite, and iron).
Mr. Paiement is currently supervising the definition drill campaign being performed at Nemaska Lithium Inc.'s Whabouchi Deposit which should upgrade the existing pit constrained inferred resource to measured and indicated categories, as well as adding additional resources outside of the current pit model. (http://www.nemaskalithium.com/en/investors/press-releases/2016/000874da-9185-4363-9c66-8295022f8026/ ) He is the QP for the mineral resources section of the technical report entitled "Feasibility Study Update on the Whabouchi Lithium Deposit and Hydromet Plant", completed in 2016 for Nemaska Lithium.
Recently, Mr. Paiement, together with the SGS Geostats team, won the Gold Rush Challenge put forward by Integra Gold, with the objective of finding prospective gold mineralized zones based on the extensive historical data from their Lamaque Project, in Val D'Or, Quebec. The combination of strong scientific based interpretations and machine learning was used to create a dynamic exploration model which was chosen over all other submissions by both an independent technical panel and a jury made of industry titans. The SGS Geostats team was awarded $500,000.
Evolving Gold's Chief Executive Officer, Mr. R. Bruce Duncan stated, "We look forward to working with Mr. Paiement, beginning with the initial exploration phase of the Lithium Lakes Project. Mr. Paiement's extensive knowledge of the Whabouchi Deposit's geology will allow us to quickly interpret the geological information obtained from the field."
Exploration Update
The Company is working with Les Entreprises Alain Maltais Inc. from Chibougamau to determine the best trail design to access the different targets on the Property. A helicopter tour of the Property was performed on the 26th of July to take pictures and design the trail. Once the trail (or part of) is completed the Company will start an extensive prospecting and mapping survey to find pegmatite bodies that could host lithium mineralization. The Company initially identified 8 targets that were up to 3.5km long. The targets were selected based on a geological interpretation of historical magnetic, spectrometric and geochemical surveys and their association with topographic features. Additional information on the 8 targets can be found in the June 16th 2016 news release (http://www.evolvinggold.com/s/NewsReleases.asp?ReportID=563875). The Lithium Lakes Property covers 72.5 km2 of ground, and has been the subject of only very limited ground exploration activities in 1975. The true potential of the Property has not yet been determined.
On Behalf of the Board of Directors
EVOLVING GOLD CORP.
R. Bruce Duncan, President, CEO & Director
Neither Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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).
