Underworld Resources Inc. said that drilling has encountered a new, deep gold-silver rich zone at the White Gold Property in Yukon Territory. Hole WD09-31 intersected a 10.5 meter breccia zone at Golden Saddle starting at a depth of 401.5 meters with an average grade of 4.8 grams per metric ton gold and 38.2 g/t silver. An overlying zone in hole WD09-31 intersected 98.3 meters averaging 3.59 g/t gold starting at a depth of 105.7 meters. The Vancouver-based junior said the deep breccia zone within WD09-31 occurs from 401.5 to 412.0 meters and includes 9.40 g/t gold and 73.3 g/t silver over 3.4 meters, underlying the upper zone in this hole. WD09-31 was lost at 414.8 meters due to depth limits of the diamond drills currently in use at Golden Saddle. Underworld is mobilizing a more powerful drill rig to the White Gold Property with capacity to test this new zone to greater depth.
The discovery of this zone suggests to Underworld the potential for stacked mineralized structures within Golden Saddle. Furthermore, the silver-gold ratio within the "upper" Golden Saddle zone is typically greater than 1:3 whereas the silver-gold ratio in the "lower breccia" Golden Saddle zone is 8:1. According to the company, this type of mineral zonation is often associated with intrusion-related gold deposits and suggests that there may be an intrusive source to mineralization at depth.
Two diamond drills currently on the White Gold Property have completed nine holes at the Golden Saddle zone, and five holes at the Arc zone, located 2,000 meters southeast of Golden Saddle. Results from these drill holes will be released following closure of the company's pending financings.
