Underworld Intersects 104.0 Meters of 3.4 g/t Au at Golden Saddle Zone, White Gold Property, Yukon
26 Maio 2009 - 6:59PM
Marketwired
Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
assay results from the first three holes from 2009 drilling program
from the Golden Saddle Zone at the White Gold Property. Significant
thicknesses of gold mineralization within an interpreted shallow
dipping zone were encountered in all holes. Results are as follows:
- WD09-28: 1.84 g/t Au over 102.5 meters from 105 to 207.5
meters
- WD09-29: 3.89 g/t Au over 60.5 meters from 145.5 to 206.0
meters
- WD09-31: 3.39 g/t Au over 104.0 meters from 100.0 to 204.0
meters
These holes were completed in a fence of four, drilled at the
Golden Saddle zone, west of hole WD08-21 that returned 3.1 g/t Au
over 50.7 meters. The objective of these initial holes was to test
for the continuity of mineralization and to test the mineralization
to depth, below hole WD08-21 that bottomed in alteration and in
mineralization.
Complete results from the three initial holes are provided in
the table below. It is currently interpreted that the
mineralization is shallow dipping, however further assay results
and additional drilling is required before reliably estimating true
thickness. The four holes on this section span approximately 120
meters of down-dip extent, with assays pending for WD09-30.
Additional assays are also pending from above and below the zone
WD09-31.
Hole-ID From (m) To (m) Length (m) Au (g/t)
WD-028 105.00 207.50 102.50 1.84
Including 105.00 127.00 22.00 3.99
and 109.73 124.51 14.78 4.47
WD-029 145.50 206.00 60.50 3.89
Including 156.50 180.55 24.05 8.81
and 156.50 164.50 8.00 14.12
WD-031 100.00 204.00 104.00 3.39
Including 105.71 149.00 43.29 4.37
and 109.92 118.81 8.89 9.10
Gold mineralization at the Golden Saddle Zone is associated with
strongly silica, albite and serecite altered felsic schists
associated with hydrothermal brecciation and quartz-pyrite
stockwork and veinlettes. Gold grade is consistent throughout the
mineralized interval, with higher grade zones near the hangingwall
and footwall. The mineralization encountered in holes WD09-28, 29
and 31 do not correlate with WD08-20, which is located further
southeast on the same section line. Hole WD08-20 collared in
mineralization, encountering 27.7 meters averaging 1.87 g/t Au; and
may be a separate, shallow zone.
Two diamond drills are currently on the 169 square kilometer
White Gold Property, and have completed to-date nine holes at the
Golden Saddle zone, and one hole at Arc zone (located two
kilometers southeast of Golden Saddle). An additional five holes
are planned for the current Phase 1 4,000 meter drill program, in
addition to mapping, trenching and sampling on multiple other
targets on the Property. Further assays will be released upon
receipt. A plan showing holes drilled to date, in progress and
planned for Golden Saddle can be seen on the Company's web site at
www.underworldresources.com. Once additional holes are completed at
the Arc zone a location map will be posted on the web site.
Quality Assurance
Underworld has implemented a rigorous QA/QC program 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, B.C. 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 Ltd. Jeff Sundar Investor
Relations 604-684-4001 604-484-7155 (FAX)
info@underworldresources.com www.underworldresources.com
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