Underworld Commences Drilling at White Gold Discoveries, Yukon
07 Maio 2009 - 5:44PM
Marketwired
Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
that that drilling has commenced at its 100% owned White Gold
Property, Yukon Territory. The Company has doubled the scale of the
2009 drill program to aggressively step-out along strike and
down-dip of the thick intervals of gold mineralization discovered
during the summer of 2008 at the Golden Saddle Zone (see NR-UW
2008-16, November 24, 2008). Two drills are on site with an option
to add a third drill to the program.
At Golden Saddle, the mineralization is shallow-dipping and
begins at surface. The 2008 drilling traced continuous gold
mineralization for 450 meters along strike, and to 170 meters down
dip. The zone is open for expansion in all directions.
Highlights from 2008 drilling at the Golden Saddle Discovery
include:
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Weighted avg.
Hole ID grade (g/t Au) Length (m)
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WD - 004 4.35 g/t Au over 18.08 meters
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WD - 005 4.38 g/t Au over 17.66 meters
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WD - 009 4.20 g/t Au over 16.03 meters
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WD - 012 4.16 g/t Au over 15.99 meters
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WD - 013 5.60 g/t Au over 21.58 meters
--------------------------------------------
WD - 016 3.38 g/t Au over 14.17 meters
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WD - 020 1.87 g/t Au over 27.70 meters
--------------------------------------------
WD - 021 3.10 g/t Au over 50.70 meters
--------------------------------------------
WD - 024 2.35 g/t Au over 19.00 meters
--------------------------------------------
The Phase 1 4,000 metre core drilling program will focus on
expanding the Golden Saddle Zone along strike and down-dip and will
include 30 holes.
Underworld will also follow-up on the second mineralized zone at
the White Gold Property, with up to 10 holes planned at the Arc
Zone. The Arc Prospect is located approximately 1 kilometer
southeast of Golden Saddle. Two holes at the Arc Zone in 2008
identified intercepted gold mineralization, hole WD-17, returned
1.47 g/t Au over 29 meters from 100 meters below surface and is
located 600 meters from WD-14, which returned 1.18 g/t Au over 28.5
meters starting at surface. The Arc zone soil anomaly is
characterized by gold values exceeding 80 ppb, extends over a
distance of two kilometers and is a separate target from Golden
Saddle. Mineralization intersected in holes WD-14 and WD-17 is open
for expansion in all directions.
Golden Saddle and Arc were discovered during the Company's 2008
drill program. Both gold zones are potentially amenable to open pit
mining. It is the Company's intent, subject to results of the Phase
1 drill program, to continue drilling through the summer of 2009
with the objective of estimating a NI 43 - 101 compliant Resource
during Q4/09.
The Golden Saddle, Arc, and multiple other untested zones at the
100 square kilometer White Property are within an 8 kilometer by 4
kilometer anomalous area. Additional mapping, sampling and
mechanical trenching will be completed at other targets on the
Property, with possible follow-up diamond drilling during the
summer. Maps and descriptions of the White Gold Property can be
reviewed at www.underworldresources.com.
Quality Assurance
The 2008 and 2009 Exploration Programs at White Gold have been
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. Core drilling services for 2009 Program will be performed
by Peak Exploration of Courtenay, B.C. Drill cores will be cut in
half using a diamond saw, with one-half placed in sealed bags, and
delivered to ALS-Chemex Labs facility in Vancouver, B.C. A sample
quality control/quality assurance program using standards and
blanks, as well as check assaying will be implemented. Mr. Fleming
prepared, and approved 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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