 Underworld Resources is a mineral exploration company focused on drilling its new gold discovery in Canada's Yukon Territory.
The company's White Gold discovery will be aggressively drilled in 2009. During the 2008 Drill Program, Underworld consistently intersected gold mineralization in multiple zones.
Two phases of core drilling totaling 3,431 meters were completed at White Gold in 2008. Two separate shallow dipping, near surface gold mineralized zones over significant strike lengths that could be amenable to open-pit mining have been identified at Golden Saddle and Arc. Both zones are open to expansion.
| Assays include: |
3.1 g/t Au over 50.7 meters |
| 4.35 g/t Au over 18.01 meters |
| 4.38 g/t Au over 17.66 meters |
| 4.20 g/t Au over 16.03 meters |
| 5. 60 g/t Au over 21.58 meters |
| 2.23 g/t Au over 84.00 meters |
Underworld's management team has been instrumental in the discovery of mines. The company is led by Mr. Adrian Fleming who previously as exploration manager for Placer Dome in the South Pacific was a key part of the team that discovered the high-grade zone at the Porgera gold mine in Papua New Guinea and the Big Bell gold mine in Western Australia. Mr. Fleming is also the former VP Exploration for Golden Star Resources, where he was recommended the early exploration that led to the discovery of the multi-million ounce Gross Rosebel gold mine in Suriname. During his watch as Project Manager for the Hope Bay Joint Venture in Nunavut two new gold zones were discovered.
Michael Williams and Robert McLeod, the founders of Full Metal Minerals and founding Directors of Underworld Resources, are involved in the management of the Company. Underworld Resources completed its Initial Public Offering in March of 2007 and trades on the TSX Venture Exchange under the symbol TSX-V:UW. The current property portfolio includes the White Gold and Black Fox gold projects in Yukon, Canada and the Protectora IOCG project in Chile.
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