 Underworld Resources is a mineral exploration company focused on expanding its new gold discovery in Canada's Yukon Territory. Underworld acquired an option over the White Gold and Black Fox properties in May of 2007. First drilling was completed in 2008 with discoveries at Golden Saddle and Arc. The two zones are exposed at surface, open at depth and along strike and may be amendable to open pit mining. Nine of thirteen holes drilled in 2008 at Golden Saddle returned encouraging grades and widths with the best intersection in hole WD08-21, 3.1 g/t Au over 50.7 meters. The Arc Zone is lower grade with best intersection in WD08-17 of 1.5 g/t Au over 29 meters. The Company completed the 2009 Phase 1, 4,226 meter drill program early in June. The objective of this initial program was to expand the gold discoveries made by the 2008 drill program. Highlights of the Phase 1 program were hole WD08-28 with 8.8 g/t Au over 24 meters and WD09-31 with 3.4 g/t Au over 104 meters both at Golden Saddle. Drill hole WD09-31 also intersected a deep breccia zone which returned 4.8 g/t Au and 38.2 g/t Ag over 10.5 meters from a depth of 401.5 meters. The new deep seated mineralization contrasts to that found from the surface at Golden Saddle in that it carries worthwhile silver mineralization. This new gold occurrence is intrusion related and presents bulk tonnage potential. The Phase 2 drill program with two drills commenced June 12th and is expected to complete 6,000 meters of drilling by the end of July. Drilling will focus on the Golden Saddle area and the Arc Zone with the objective of expanding the zones and confirming continuity of mineralization . Exploration work including mechanical trenching is continuing on several other targets at the White Gold Property to advance them to drill ready stage.
Click here for Golden Saddle Drill Hole Location Plan Click here for the Golden Saddle Cross Section Underworld's management team has been involved in the discovery of deposits that subsequently became 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 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, of Full Metal Minerals are founding Directors of Underworld Resources, and are involved in the management of the Company. Robert McLeod worked at the Hope Bay gold project in Nunavut and was part of the team that in 2000 and 2001 made the Naartok and Suluk discoveries. 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. Summary Assay Summary |  |
| ©2009 Underworld Resources. | Designed by Guide Productions |
| Home | Corporate | Properties | News | Investors | Contact | Sitemap | |
