Underworld Intersects New Gold-Silver Rich Deep Zone Below Golden Saddle, White Gold Property, Yukon
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - June 12, 2009) - Underworld Resources Inc. (TSXVENTURE:UW) is pleased to announce that results have been received froma new, deep gold-silver rich zone at the White Gold Property, YukonTerritory. Hole WD09-31 returned 10.5 meters averaging 4.8 g/t Au and38.2 g/t Ag starting at 401.5 meters within a breccia zone underlyingthe Golden Saddle Zone. Previously released results from the overlyingzone at Golden Saddle include (see NR UW2009 NR#7, May 27 2009):
- WD09-28: 1.84 g/t Au over 102.5 meters from 105 to 207.5 meters
- WD09-29: 3.94 g/t Au over 59.9 meters from 146.1 to 206.0 meters
- WD09-31: 3.59 g/t Au over 98.3 meters from 105.7 to 204.0 meters
The deep breccia zone within WD09-31 occurs from 401.5 to 412.0meters and includes 9.40 g/t Au and 73.3 g/t Ag over 3.4 meters,underlying the upper zone in this hole. WD09-31 was lost at 414.8meters due to depth limits of the diamond drills currently in use atGolden Saddle. Underworld is mobilizing a more powerful drill rig tothe White Gold Property with capacity to test this new zone to greaterdepth.
Mineralization in the deep Hole 31 breccia zone is hosted in amilled hydrothermal breccia with interstitial pyrite and specularhematite. The discovery of this zone suggests the potential for stackedmineralized structures within Golden Saddle. Furthermore, the Ag/Auratios within the "upper" Golden Saddle zone are typically greater than1:3 whereas the Ag/Au ratios in the "lower breccia" Golden Saddle zoneis 8:1. This type of mineral zonation is often associated withintrusion-related gold deposits is suggestive and suggests that theremay be an intrusive source to mineralization at depth.
Two diamond drills are currently on the White Gold Property, andhave completed nine holes at the Golden Saddle zone, and five holes atArc zone (located two kilometers southeast of Golden Saddle). Resultsfrom these drill holes will be released following closure of theCompany's pending financings (see UW NR#8 June 3rd, 2009).
Quality Assurance
Underworld has implemented a rigorous QA/QC program at the WhiteGold Property using best industry practice. Elements of the programinclude chain of custody of samples, standard and blank samples aresubmitted, with drill core sawn in half and shipped in sealed bags toALS Chemex Laboratories in Vancouver. The ongoing 2009 ExplorationProgram 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 byNI43-101. Mr. Fleming prepared, and approves of the content of thisrelease.