Underworld Intersects 9.2 g/t Au Over 31.2 Meters at White Gold Property
14 Julio 2009 - 5:00AM
Marketwired
Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
that results have been received from an additional four holes from
the Golden Saddle Zone and three additional holes from the Arc Zone
at the White Gold Property, Yukon. At Golden Saddle, the highest
grade gold mineralization to date was encountered along strike to
the northeast in hole WD09-47 (75 metre step-out). Highlights
include:
- WD09-43: 106.0 meters averaging 2.29 g/t Au
- WD09-44: 56.1 meters averaging 3.91 g/t Au
- WD09-47: 31.2 meters averaging 9.20 g/t Au
Golden Saddle
At Golden Saddle, WD09-47 returned 9.20 g/t Au over 31.2 meters,
including 29.82 g/t Au over 5.82 meters and 19.77 g/t Au over 4.0
meters. WD09-47 is located 75 meters along strike to the northeast
from WD09-44 which returned 3.91 g/t Au over 56.1 meters. WD09-47
intersected a series of thick quartz veins hosting visible gold
mineralization. The veins occur along the same north dipping
structure as previous thick intercepts to the west, however the
host rock changes from an augen gneiss to amphibolite gneiss. It is
interpreted that this rock change focuses the gold mineralization
into a tapered higher grade structure. The current drilling at
Golden Saddle is targeting extensions to the higher grade gold
mineralization down-dip and along strike to the northeast from
WD09-47.
WD09-44 and 45 were drilled from the same setup, with
mineralization hosted with metamorphosed intrusive rocks. WD09-44
encountered 56.1 meters averaging 3.91 g/t Au, including 32.5
meters averaging 5.58 g/t Au. WD09-45 tested 70 meters up-dip from
WD09-44, intersecting 2.1 g/t Au over 13.3 meters within a less
favourable host rock.
Infill hole WD09-43 returned 2.29 g/t Au over 106.0 meters, and
demonstrates excellent continuity between previously reported holes
WD09-31, which returned 3.4 g/t Au over 104 meters to the
southwest, and WD09-38, which intersected 0.95 g/t Au over 153.0
meters to the northeast. WD09-38 includes higher grade upper and
lower intervals, including over 3.1 g/t Au over 17.2 meters and 4.1
g/t Au over 16.0 meters.
Assays are pending for 10 additional drill holes at Golden
Saddle including stepouts to the north, south and east.
Arc Zone
At the Arc Zone, located two kilometers southeast of Golden
Saddle, assays for the final three of five holes drilled in the
2009 Phase 1 drill campaign have been received. WD09-40 and 42 are
located 200 and 400 meters respectively southeast from drill hole
WD08-14 which was completed in 2008. These holes encountered
narrower zones of the quartzite hosted mineralization. Drill hole
WD09-42 was located north of WD09-37 and 39 at the Arc to test for
extension to the north and a possible link between Arc Zone and
Golden Saddle. This hole was drilled where the host quartzite has
been fault offset to the south.
Assay Results
GOLDEN SADDLE ZONE
--------------------------------------------------------------------------
From To Length Au
Hole-ID (m) (m) (m) (g/t) Comments
--------------------------------------------------------------------------
WD09-43 45 151.03 106.03 2.29 Infill hole between 31 and 38
including 116 133 17 6.07
--------------------------------------------------------------------------
WD09-44 136 192.1 56.1 3.91 Eastern step-out from WD34
including 136 168.47 32.47 5.58
--------------------------------------------------------------------------
WD09-45 101.5 114.81 13.31 2.06 Eastern step-out from WD-34
174.75 188.98 14.23 1.28
--------------------------------------------------------------------------
WD09-47 91.88 123 31.12 9.2 Easternmost hole drilled.
including 91.88 97.7 5.82 29.83 Amphibolite Host
including 119 123 4 19.77
221.42 225 3.58 1.7
--------------------------------------------------------------------------
ARC ZONE
--------------------------------------------------------------------------
WD09-40 88 89.5 1.5 10.45 Step-out to south from WD-014
--------------------------------------------------------------------------
WD09-41 70.65 76.5 5.85 1.24 Hole stayed in schist; quartzite
126.5 128.39 1.89 10.35 faulted south
--------------------------------------------------------------------------
WD09-42 184.5 186 1.5 2.96 Southern step-out; narrow zones
231 233.5 2.5 1.11 of host quartzite
--------------------------------------------------------------------------
(i)True Widths are estimated to be between 70% and 100% of drilled interval
The mineralization at Golden Saddle is preferentially hosted
within a deformed intrusive unit (augen gneiss), schists and
amphibolites. Gold mineralization is associated with quartz
breccias, veins and stockworks, as well as silica, sericite,
K-feldspar, and ankerite alteration. Sulphide mineralization is
dominated by disseminated and stockwork pyrite, with local visible
gold, chalcopyrite, galena and molybdenite.
Two drills are currently working on the 6,000 meter 2009 Phase 2
program on the Property. During 2009, 35 drill holes have been
completed to date on the Property. The current drilling is focused
on extending the Golden Saddle and Arc Zones. Drilling is currently
testing the western extension to Arc Zone, as well as other targets
on the property such as Minneapolis Creek and Donahue. A third
drill rig is currently being mobilized to the Property.
Drill hole location plans and cross sections from the Golden
Saddle and Arc Zones are available at
www.underworldresources.com.
Exploration work, including mechanical trenching, is continuing
on several other targets at the White Gold Property prior to drill
testing during the summer of 2009. Underworld intends to complete a
NI43-101 Resource Estimate on the Arc and Golden Saddle Zones in
Q4/09.
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, standard and blank samples are
submitted, with drill core sawn in half and shipped in sealed bags
to ALS Chemex Laboratories in 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 NI43-101. Mr. Fleming prepared, and approves
of the content of this release.
Underworld Resources is a well-structured junior exploration
company targeting precious metals in the Americas.
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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