Underworld Intersects 2.47 g/t Au over 63.0 Meters at White Gold Property
06 Agosto 2009 - 2:24PM
Marketwired
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 12,794m of
drilling over 47 holes during the 2009 exploration program. At the
Golden Saddle Zone, 32 holes have been completed. Additionally, 10
holes completed at Arc Zone, 4 holes completed at Minneapolis
Ridge, and 1 hole completed at the Donahue Zone.
Highlights of the recent assays from the Golden Saddle Zone
include:
- WD09-51: 39.0 meters averaging 3.71 g/t Au
- WD09-52: 38.0 meters averaging 3.92 g/t Au
- WD09-54: 63.0 meters averaging 2.47 g/t Au
- WD09-55: 61.5 meters averaging 2.19 g/t Au
Results to-date continue to demonstrate excellent continuity of
near-surface gold mineralization at the Golden Saddle Zone.
Mineralization remains open to expansion along strike to the
northeast and at depth. Infill and step-out drilling is being
completed on 50 meter intercept centers along strike and downdip.
Additionally, infill and step-out drilling is being completed on
100 meter intercept centers at the Arc Zone, located 1,000 meters
south of Golden Saddle. The objective of drilling at these two
zones is to complete a NI 43-101 compliant resource estimate in
Q4/2009 or Q1/2010. Additionally, new drill targets including
Minneapolis Ridge, Donahue and South Donahue are being drill
tested.
A third diamond drill rig with deeper depth capability has
recently arrived on site, and is testing the Golden Saddle Zone. It
is anticipated that a total of 23,000 meters of core drilling in
approximately 100 drill holes will be completed during 2009. .A
complete table of assay results from the 2009 White Gold Drilling
Program, as well as cross-sections, and drill plan maps are
available 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.
Most recent drill results include:
From To Length Au
Hole-ID (m) (m) (m) (g/t) Comments
Golden Saddle Zone
WD09-46 61.95 74.86 12.91 1.01 Infill between
and 301.00 343.45 42.45 0.97 WD08-09 & 20
Including 336.41 343.45 7.04 4.24
WD09-48 10.00 60.47 50.47 0.73 50 m step out southeast
of WD09-43
WD09-49 201.00 202.50 1.50 2.64 125m south of known
and 281.00 282.50 1.50 1.09 mineralization; new
and 306.00 307.50 1.50 2.11 parallel zone.
WD09-50 19.41 102.00 82.90 1.02 50m step out southeast
including 19.41 45.50 26.09 2.75 of WD09-43
including 26.00 45.50 19.50 3.39 Extends mineralization
south
WD09-51 193.00 222.00 39.00 3.71 50m step out northwest
including 198.00 204.00 15.80 6.00 of WD08-16
including 198.00 199.50 1.50 36.00 Extends Golden Saddle
mineralization down
dip to the north
WD09-52 223.00 261.00 38.00 3.92 50m step out northwest
including 242.00 259.50 17.50 7.51 of WD09-29
including 246.50 257.00 10.50 9.38 Extends mineralization
down dip to north
WD09-53 228.49 237.57 9.08 2.58 50m step out northwest
of WD09-51
Extends mineralization
down dip to north
WD09-54 261.5 324.47 62.97 2.47 50m step out northwest
including 297.5 324.47 26.97 5.13 of WD09-34
including 308.5 314.14 5.64 11.64 Extends Golden Saddle
zone down dip to
the north
WD09-55 308.00 368.50 61.50 2.19 50m step out northwest
including 313.50 333.95 20.45 3.98 of WD09-54
Extends mineralization
down dip to north
WD09-56 184.56 240.5 55.94 1.30 50m step out northwest
of WD09-47
Extends Golden Saddle
zone along strike to
the east
Minneapolis Creek
MC09-01 31.50 33.00 1.50 1.40 Initial hole at
Minneapolis Creek
- True Widths are estimated to be between 70% and 100% of drilled interval
In the recent drilling reported above, drill holes WD09-51 to 55
have extended the Golden Saddle Zone further down-dip to the North.
WD09-56 has extended the zone further east on strike. WD09-48 and
49 intersected new, subparallel zones of alteration and
mineralization further south of the main Golden Saddle Zone.
Drill hole MC09-01 is the initial hole completed at the
Minneapolis Creek target, located 2,500 meters west of Golden
Saddle. Anomalous, near gold mineralization was encountered with
metasedimentary rocks, similar in style to the Arc Zone. Assays for
three additional holes at Minneapolis Creek are currently
pending.
Exploration work including mechanical trenching is continuing at
the White Gold Property with the objective of refining additional
drill targets during the balance of the 2009 program.
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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