Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
results from the White Gold Property, Yukon, including 17 drill
holes from the Golden Saddle Zone. At Golden Saddle, mineralization
remains open to expansion along strike to the northeast and at
depth.
Highlights of the most recent assays from the Golden Saddle Zone
include:
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Hole ID Weighted avg. grade Length
(g/t Au) (m)
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WD09-91 3.68 g/t Au 91.28 meters
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WD09-94 1.01 g/t Au 104.58 meters
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WD09-96 1.94 g/t Au 50.00 meters
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WD09-99 1.73 g/t Au 98.00 meters
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WD09-101 2.10 g/t Au 93.88 meters
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The most recent results include step-out holes that have
expanded the Golden Saddle Deposit along strike to the northeast,
and down-dip. In the eastern portion of the Deposit, thick
intercepts of gold mineralization continue to be encountered by
step-out holes with mineralization hosted by mafic metavolcanics in
contrast to felsic metaintrusive which were encountered
previously.
Drill Hole WD09-91, returned a near surface intercept of 91.28
meters averaging 3.68 g/t Au. Drill Hole WD09-94 returned 104.58
meters averaging 1.01 g/t Au, and was terminated still in
mineralization Drill hole WD09-99, which intersected 98.0 meters
averaging 1.73 g/t Au, and WD09-101, which intersected 93.88 meters
averaging 2.10 g/t Au. Both drill holes were completed from the
same set-up and are the most northeasterly holes reported to-date.
Drill holes WD09-72 and WD09-80 are step out holes down dip at
Golden Saddle.
An additional five holes are pending assay at Golden Saddle and
three holes are pending assay on the McKinnon zone. Underworld
anticipates completing an initial NI 43-101 Resource Estimate for
Golden Saddle by January 2010, using completed multiple infill
holes at 50 meter spacings.
An updated drill plan and cross-sections will be available
shortly at www.underworldresources.com.
Most recent drill results include:
Hole ID From (m) To (m) Length (m) Au (g/t)
Golden Saddle
WD09-83 126.78 133.43 6.65 1.01
WD09-86 292.00 300.20 8.20 2.85
including 299.00 300.20 1.20 13.65
WD09-87 224.50 247.20 22.70 2.20
including 235.15 247.20 12.05 3.21
WD09-88 No Significant intercepts
WD09-89 101.33 108.50 7.17 1.82
and 300.50 305.61 5.11 1.06
WD09-90 56.00 65.10 9.10 0.99
WD09-91 70.22 161.50 91.28 3.68
including 140.50 157.00 16.50 6.28
WD09-92 9.24 22.72 13.48 2.55
WD09-93 349.00 425.00 76.00 1.05
including 393.00 423.38 30.38 1.80
WD09-94 154.50 259.08 104.58 1.01
including 219.00 259.08 40.08 1.78
WD09-95 15.24 55.00 39.76 2.38
including 17.50 36.50 19.00 3.24
WD09-96 188.00 238.00 50.00 1.94
including 204.50 237.39 32.89 2.32
WD09-97 399.50 423.03 23.53 1.19
including 418.00 423.03 5.03 4.60
WD09-98 257.56 265.00 7.44 3.70
WD09-99 260.00 358.00 98.00 1.73
including 260.00 279.00 19.00 6.29
WD09-100 402.50 430.00 27.50 1.23
including 280.62 304.00 23.38 4.86
WD09-101 280.62 374.5 93.88 2.10
including 280.62 304 23.38 4.86
Donahue
DN09-02 No Significant intercepts
DN09-03 120.48 121.21 0.73 21.5
South Donahue
SD09-01 No Significant intercepts
SD09-02 No Significant intercepts
SD09-03 No Significant intercepts
SD09-04 No Significant intercepts
SD09-05 No Significant intercepts
(i)True Widths are estimated to be between 70% and 100% of drilled interval
The 2009 exploration program at the White Gold Project is now
complete. The program included 25,670 meters of drilling, including
19,023 meters in 60 holes at the Golden Saddle Deposit.
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.
The objective of the 2009 drill program at Golden Saddle and the
Arc Zone was to expand the known extent of mineralization in all
directions, with the intent to complete an initial NI 43-101
compliant resource estimates for both Zones. Drill spacing was
nominally 50 and 100 meter centers at Golden Saddle and Arc,
respectively.
Three drill holes were completed at the Donahue Zone, and five
holes were completed at the South Donahue Zone. These targets are
located 3km's and 4.5km's southeast of the Golden Saddle Zone,
respectively. They occur within similar host rocks to Golden Saddle
with a similar geochemical signature. At Donahue, a high-grade zone
averaging 21.5 g/t Au over 0.73 meters was encountered in DN09-03.
At South Donahue, multiple one to five meter thick quartz veins
were intersected within an altered granitoid, however no
significant values were returned.
At the Golden Saddle Zone, a total of 23 samples from six 2008
drill holes averaging 6.60 g/t Au have been analyzed by bottle roll
cyanide leach methodology to determine metallurgical behaviour.
Average gold recovery was 85.5%, ranging from 65.7 to 93.7%.
Samples included near-surface oxidized material, partially
oxidized, and unoxidized material. Unoxidized and partially
oxidized mineralization returned higher recoveries, averaging
87.7%, with oxidized mineralization averaging 73.6%. Additionally,
higher grade individual samples, over 10 g/t Au, typically
displayed slightly lower recoveries averaging 83.7%. This is
potentially due to reduced leaching with coarse gold, which could
possibly be amenable to gravity separation to boost recoveries.
(see UW NR 18 dated September 30, 09)
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.
For further information contact Jeff Sundar, Investor Relations at
604-684-4001.
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) Email:
info@underworldresources.com Website:
www.underworldresources.com
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