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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (169662)	7/13/2009 10:38:35 PM
From: Rocket Red	Respond to of 312905

drill bit plays all gambles

To: loantech who wrote (169662)	7/14/2009 7:19:02 AM
From: Goose94	Read Replies (1) \| Respond to of 312905

News July 14, '09 Underworld Resources (UW-V) has received the results from an additional four holes from the Golden Saddle zone and three additional holes from the Arc zone at the White Gold property, Yukon. At Golden Saddle, the highest-grade gold mineralization to date was encountered along strike to the northeast in hole WD09-47 (75-metre step-out). Highlights include: WD09-43: 106.0 metres averaging 2.29 grams per tonne gold; WD09-44: 56.1 metres averaging 3.91 grams per tonne gold; WD09-47: 31.2 metres averaging 9.20 grams per tonne gold. Golden Saddle At Golden Saddle, WD09-47 returned 9.20 grams per tonne gold over 31.2 metres, including 29.82 grams per tonne gold over 5.82 metres and 19.77 grams per tonne gold over 4.0 metres. WD09-47 is located 75 metres along strike to the northeast from WD09-44 which returned 3.91 grams per tonne gold over 56.1 metres. WD09-47 intersected a series of thick quartz veins hosting visible gold mineralization. The veins occur along the same north-dipping structure as previous thick intercepts to the west, however, the host rock changes from an augen gneiss to amphibolite gneiss. It is interpreted that this rock change focuses the gold mineralization into a tapered higher-grade structure. The current drilling at Golden Saddle is targeting extensions to the higher-grade gold mineralization down dip and along strike to the northeast from WD09-47. WD09-44 and 45 were drilled from the same setup, with mineralization hosted with metamorphosed intrusive rocks. WD09-44 encountered 56.1 metres averaging 3.91 grams per tonne gold, including 32.5 metres averaging 5.58 grams per tonne gold. WD09-45 tested 70 metres up dip from WD09-44, intersecting 2.1 grams per tonne gold over 13.3 metres within a less favourable host rock. Infill hole WD09-43 returned 2.29 grams per tonne gold over 106.0 metres, and demonstrates excellent continuity between previously reported holes WD09-31, which returned 3.4 grams per tonne gold over 104 metres to the southwest, and WD09-38, which intersected 0.95 gram per tonne gold over 153.0 metres to the northeast. WD09-38 includes higher-grade upper and lower intervals, including over 3.1 grams per tonne gold over 17.2 metres and 4.1 grams per tonne gold over 16.0 metres. Assays are pending for 10 additional drill holes at Golden Saddle, including stepouts to the north, south and east. Arc zone At the Arc zone, located two kilometres southeast of Golden Saddle, assays for the final three of five holes drilled in the 2009 phase 1 drill campaign have been received. WD09-40 and 42 are located 200 and 400 metres respectively southeast from drill hole WD08-14, which was completed in 2008. These holes encountered narrower zones of the quartzite-hosted mineralization. Drill hole WD09-42 was located north of WD09-37 and 39 at the Arc to test for extension to the north and a possible link between Arc zone and Golden Saddle. This hole was drilled where the host quartzite has been fault offset to the south. GOLDEN SADDLE ZONE From To Length Au Hole-ID (m) (m) (m) (g/t) Comments WD09-43 45 151.03 106.03 2.29 Infill hole between 31 and 38 including 116 133 17 6.07 WD09-44 136 192.1 56.1 3.91 Eastern step-out from WD34 including 136 168.47 32.47 5.58 WD09-45 101.5 114.81 13.31 2.06 Eastern step-out from WD-34 174.75 188.98 14.23 1.28 WD09-47 91.88 123 31.12 9.2 Easternmost hole drilled. including 91.88 97.7 5.82 29.83 Amphibolite Host including 119 123 4 19.77 221.42 225 3.58 1.7 ARC ZONE WD09-40 88 89.5 1.5 10.45 Step-out to south from WD-014 WD09-41 70.65 76.5 5.85 1.24 Hole stayed in schist; quartzite 126.5 128.39 1.89 10.35 faulted south WD09-42 184.5 186 1.5 2.96 Southern step-out; narrow zones 231 233.5 2.5 1.11 of host quartzite (i) True widths are estimated to be between 70 per cent and 100 per cent of drilled interval. The mineralization at Golden Saddle is preferentially hosted within a deformed intrusive unit (augen gneiss), schists and amphibolites. Gold mineralization is associated with quartz breccias, veins and stockworks, as well as silica, sericite, K-feldspar and ankerite alteration. Sulphide mineralization is dominated by disseminated and stockwork pyrite, with local visible gold, chalcopyrite, galena and molybdenite. Two drills are currently working on the 6,000-metre 2009 phase 2 program on the property. During 2009, 35 drill holes have been completed to date on the property. The current drilling is focused on extending the Golden Saddle and Arc zones. Drilling is currently testing the western extension to Arc zone, as well as other targets on the property such as Minneapolis Creek and Donahue. A third drill rig is currently being mobilized to the property. Drill hole location plans and cross-sections from the Golden Saddle and Arc zones are available on the company website. Exploration work, including mechanical trenching, is continuing on several other targets at the White Gold property prior to drill testing during the summer of 2009. Underworld intends to complete a National Instrument 43-101 resource estimate on the Arc and Golden Saddle zones in the fourth quarter of 2009.