Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
additional results from the ongoing drill program at the White Gold
Property, Yukon. To date, Underworld has completed 22,000 meters of
drilling over 84 holes during the 2009 exploration program.
Highlights of the most recent assays from the Golden Saddle zone
include:
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Hole ID Weighted avg. grade (g/t Au) Length (m)
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WD09-64 3.13 g/t Au 100.40 meters
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WD09-69 3.40 g/t Au 76.90 meters
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WD09-70 3.51 g/t Au 50.03 meters
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Results to-date continue to demonstrate excellent continuity of
near-surface gold mineralization at the Golden Saddle Zone. The
deposit remains open to expansion to the east and north. Drill hole
WD09-64 is a step-out hole to the northeast, and intersected 100.4
meters averaging 3.13 g/t, including 19.5 meters averaging 6.70 g/t
Au. This is the northeastern most hole for which assays have been
received to date, with assays pending for additional holes
completed along strike and down-dip. The intercept in WD09-64 is 75
meters down-dip from WD09-56, which intersected 55.9 meters
averaging 1.50 g/t Au, and 110 meters down-dip from WD09-47, which
intersected 31.1 meters averaging 9.2 g/t Au. Four additional drill
holes on approximately 50 meter centers have been completed
down-dip from WD09-64, with assays pending.
WD09-069, which intersected 76.9 meters averaging 3.40 g/t Au,
including 41.0 meters averaging 5.44 g/t Au, and WD09-70 which
intersected 50.5 meters averaging 3.51 g/t Au, including 37 meters
averaging 4.04 g/t Au are infill holes. Infill and step-out
drilling is being completed on 50 meter intercept centers along
strike and down dip. These holes demonstrate the excellent
continuity of grade and thickness at Golden Saddle.
The objective of the current drilling at Golden Saddle is to
continue to expand mineralization along strike and down-dip, and to
complete a NI 43-101 compliant resource estimate. The Company is
targeting near-surface mineralization potentially amenable to open
pit mining, as well as deeper extensions potentially amenable to
bulk underground mining methods. During 2009, 54 holes have been
completed at the Golden Saddle Zone, with assays currently pending
for 21 holes.
Most recent drill results include:
Hole ID From (m) To (m) Length (m) Au (g/t)
---------------------------------------------------------
Golden Saddle
WD09-059 58.00 59.00 1.00 1.75
WD09-061 158.00 162.50 1.82 4.50
and 195.29 202.00 5.48 6.71
WD09-063 54.50 56.00 2.33 1.50
WD09-064 217.50 317.90 100.40 3.13
including 217.50 272.50 54.30 4.71
including 217.50 237.00 19.50 6.70
including 246.35 266.50 19.50 5.77
WD09-066 187.00 196.50 9.50 6.06
including 187.00 192.00 5.00 10.40
and 297.75 300.80 3.05 9.34
WD09-69 174.65 251.50 76.85 3.40
including 210.50 251.50 41.00 5.44
WD09-70 207.50 258.00 50.50 3.51
including 219.50 256.50 37.00 4.04
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Arc
WD09-057 100.00 116.50 15.08 0.64
WD09-058 118.50 153.00 34.50 1.04
and 190.50 201.00 10.50 1.17
and 266.00 290.00 24.00 0.76
WD09-062 No Significant Intercepts
WD09-065 221.05 264.00 42.95 0.53
WD09-067 54.50 88.00 33.50 0.78
Including 70.50 88.00 17.50 1.39
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Minneapolis Creek
MC09-02 No Significant Intercepts
MC09-03 31.50 39.00 7.50 0.50
MC09-04 No Significant Intercepts
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Donahue
DN09-01 101.50 103.50 2.00 1.00
- True Widths are estimated to be between 70% and 100% of drilled interval
Infill and step-out drilling has been completed on 100 meter
centers at the Arc Zone, located about 1,000 meters south of Golden
Saddle. At the Arc Zone, 19 holes have been completed to-date, with
assays pending for an additional 10 holes. Drill holes WD09-57, 58,
65, and 67 have extended the Arc zone to the West-Southwest of
WD08-17 (29.0 meters averaging 1.47 g/t Au). Underworld has
completed four regional holes at Minneapolis Ridge, and three
regional holes have been completed at the Donahue Zone. Drill hole
DN09-01 at the Donahue target, located 2,500 meters south of Golden
Saddle encountered anomalous, near surface gold mineralization
within soil, rock grab, and trench samples, similar in style to the
Golden Saddle. Assays for two additional holes at Donahue are
currently pending.
Underworld is currently drilling regional targets at the South
Donahue and McKinnon showings, located four and six kilometers
southeast of Golden Saddle, respectively. Three drill rigs are
currently in use on the project and it is anticipated that a total
of 25,000 meters of core drilling in approximately 115 drill holes
will be completed during the 2009 program. A complete table of
assay results from the 2009 White Gold Drilling Program, as well as
cross-sections, and drill plan maps will be available shortly at
www.underworldresources.com.
Intrusive-related gold mineralization at the Golden Saddle Zone
is preferentially hosted within metamorphosed felsic intrusive
units, as well as felsic and mafic metavolcanic rocks. Gold
mineralization is associated with quartz veins, stockwork and
breccia zones, as well as pyrite veinlettes and disseminations. The
alteration assemblage includes pervasive K-spar, carbonate,
sericite and silicification. The main mineralized zone at Golden
Saddle strikes to the northeast, with a gentle to moderate dip to
the northwest. Mineralization remains open to expansion along
strike to the northeast and at depth.
Quality Assurance
Underworld has implemented a rigorous QA/QC program at the White
Gold Property using best industry practice. Elements of the program
include: chain of custody of samples, insertion of standard and
blank samples, and check assays. Drill core is sawn in half and
shipped in sealed bags to ALS Chemex Laboratories in Vancouver,
B.C. Check assays are completed by Acme Laboratories,
Vancouver.
The ongoing 2009 Exploration Program is directed by Adrian
Fleming, M.A.I.G, RPGeo, M.Aus.I.M.M., President of Underworld
Resources and a Qualified Person as defined by NI 43-101. Mr.
Fleming prepared, and approves of the content of this release.
Underworld Resources is a well-structured junior exploration
company focused on expanding its new gold discovery in the
Yukon.
ON BEHALF OF THE BOARD OF DIRECTORS
Adrian Fleming, President
Forward Looking Statement
Some of the statements contained in this press release are
forward-looking statements. Forward-looking statements are not
historical facts and are subject to a number of risks and
uncertainties beyond the Company's control, including, but not
exclusively, statements regarding potential mineralization,
exploration results, completion of work program and studies, and
future plans and objectives of the Company. Resource exploration,
development and operations are highly speculative, characterized by
a number of significant risks, which even a combination of careful
evaluation, experience and knowledge may not eliminate, including,
among other things, unprofitable efforts resulting not only from
the failure to discover mineral resources but from finding mineral
deposits which, though present, are insufficient in quantity and
quality to return a profit from production.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Underworld Resources Inc. Jeff Sundar Investor
Relations 604-684-4001 604-484-7155 (FAX)
info@underworldresources.com www.underworldresources.com
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