Archive for May, 2009

UNDERWORLD INTERSECTS 104.0 METERS OF 3.4 G/T AU AT GOLDEN SADDLE ZONE, WHITE GOLD PROPERTY, YUKON

Underworld Resources Inc. is releasing assay results from the first three holes from the 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 grams per tonne gold over 102.5 metres from 105 to 207.5 metres;
WD09-29: 3.89 grams per tonne gold over 60.5 metres from 145.5 to 206 metres;
WD09-31: 3.39 grams per tonne gold over 104.0 metres from 100 to 204 metres.

These holes were completed in a fence of four, drilled at the Golden Saddle zone, west of hole WD08-21 that returned 3.1 grams per tonne gold over 50.7 metres. 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. 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 metres of down-dip extent, with assays pending for WD09-30. Additional assays are also pending from above and below the zone WD09-31.

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, WD09-29 and WD09-31 do not correlate with WD08-20, which is located farther southeast on the same section line. Hole WD08-20 collared in mineralization, encountering 27.7 metres averaging 1.87 grams per tonne gold; and may be a separate, shallow zone.

Two diamond drills are currently on the 169-square-kilometre White Gold property, and have completed to-date nine holes at the Golden Saddle zone, and one hole at Arc zone (located two kilometres southeast of Golden Saddle). An additional five holes are planned for the current phase 1 4,000-metre 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 website. Once additional holes are completed at the Arc zone a location map will be posted on the website.

Quality assurance

Underworld Resources has implemented a rigorous quality assurance and quality control 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 continuing 2009 exploration program is directed by Adrian Fleming, MAIG, RPGeo, MAusIMM, president of Underworld Resources, and a qualified person as defined by National Instrument 43-101. Mr. Fleming prepared, and approves of the content of this release.

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