Underworld Step-Out Holes Expand Golden Saddle Zone, Including 2.68 g/t Au Over 75.0 Meters
September 28 2009 - 9:00AM
Marketwired
Underworld Resources Inc. (TSX VENTURE: UW) is pleased to announce
additional results from the White Gold Property, Yukon. There are
an additional 21 holes pending assay at the Golden Saddle Zone and
11 holes are pending assay on several regional targets. 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:
-------------------------------------------------------
Hole ID Weighted avg. grade(g/t Au) Length (m)
-------------------------------------------------------
WD09-72 3.49 g/t Au 49.50 meters
-------------------------------------------------------
WD09-74 1.94 g/t Au 112.0 meters
-------------------------------------------------------
WD09-78 2.68 g/t Au 75.0 meters
-------------------------------------------------------
WD09-80 8.93 g/t Au 10.00 meters
-------------------------------------------------------
These most recent results include multiple holes that have
expanded the Golden Saddle along strike to the northeast, and
down-dip. In the eastern portion of the Deposit, thick intercepts
of gold mineralization were encountered. A change in host rock from
felsic metaintrusive to mafic metavolcanics has resulted in thick,
high grade zones within broader intervals. These include hole
WD09-74, which intersected 112.0 meters averaging 1.94 g/t Au,
including 10.85 meters averaging 8.40 g/t Au, and WD09-78, which
intersected 75.0 meters averaging 2.68 g/t Au, including 5.59
meters averaging 19.56 g/t Au. Deeper mineralization could
potentially be amenable to open-pit mining, or underground
bulk-mining methods.
Drill holes WD09-72 and WD09-80 are step out holes down dip at
Golden Saddle. WD09-72, returned 49.5 meters averaging 3.49 g/t Au,
and WD09-80 returned 16.94 meters averaging 5.94 g/t Au, including
10.00 meters averaging 8.93 g/t Au. Mineralization in WD09-80
includes abundant visible gold within quartz breccias and veins.
Both holes demonstrate excellent continuity of the zone to
approximately 450 meters down-dip from the surface outcropping of
Golden Saddle.
An updated drill plan and cross-sections will be available
shortly at www.underworldresources.com.
Most recent drill results include:
Hole ID From To Length Au (g/t)
--------------------------------------------------
Golden Saddle
WD09-60 142.00 143.62 2.16 1.62
WD09-72 348.00 397.50 49.50 3.49
Including 369.00 395.49 26.49 5.20
Including 380.50 390.50 10.00 8.09
WD09-74 293.00 405.00 112.00 1.94
Including 293.00 324.50 31.50 4.47
or 310.00 320.85 10.85 8.40
WD09-78 327.00 402.00 75.00 2.68
Including 327.00 371.50 44.50 4.30
Including 366.67 369.83 5.59 19.56
WD09-80 358.00 374.94 16.94 5.94
Including 364.00 374.00 10.00 8.93
WD09-85 82.00 83.50 1.50 1.15
--------------------------------------------------
Arc
WD09-73 41.50 64.27 27.77 0.81
WD09-75 30.00 40.98 10.98 1.59
WD09-76 No Significant Assays
WD09-79 146.00 156.50 10.00 1.43
WD09-81 89.00 108.97 19.97 1.14
WD09-82 No Significant Assays
WD09-84 57.50 74.35 16.85 0.74
and 169.00 175.00 6.00 8.26
including 169.00 171.50 1.51 23.80
(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. Surface
sampling at the White Gold Property as well as regional targets
will be continuing until early October.
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.
At the Arc Zone, located about 1,000 meters south of Golden
Saddle, recent results include multiple intercepts of near-surface
gold mineralization, including WD09-81, which intercepted 19.97
meters averaging 1.14 g/t Au, and WD09-84, which intercepted 6.00
meters averaging 8.26 g/t Au. Mineralization is hosted within
silicified and brecciated metasedimentary rocks.
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)
info@underworldresources.com www.underworldresources.com
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