Underworld Resources Inc. Jan. 27 announced the discovery of a 40-kilometer-long trend of gold prospects and anomalous gold in soil geochemistry at the JP Ross and Maisy May Property. This trend exhibits similar geologic and geochemical characteristics to the White Gold trend, which hosts the Golden Saddle and Arc deposits. Within the trend, Underworld has identified a "Golden Saddle" style geochemical signature that is underlain by similar host rocks. The company intends to aggressively drill test this area.
The JP Ross trend is road accessible, located about 65 kilometers south of Dawson City, Yukon, and 35 kilometers north of the White Gold trend. Underworld recently completed additional claim staking, expanding this claim group to 312 square kilometers. The JP Ross trend includes the headwaters to multiple active, and past producing placer operations. Production records from the Yukon Geological Survey (2009) report over 177,689 ounces of gold mined from these operations.
During 2009, Underworld collected over 6,200 soil samples on the property, primarily 'ridge and spur' reconnaissance lines. Four soil grids were completed over select target areas; including the Frenzy, Marnie, Vertigo and Spellbound prospects. This work has identified a 40-kilometer-long, and up to 12-kilometer-wide area of anomalous gold and pathfinder elements. The northwest trend at JP Ross is a parallel orientation to the 9.5-kilometer-by-3.5-kilometer trend at White Gold.
The Frenzy gold-in-soil anomaly measures 2.7-kilometers-by-1-kilometer and consists of 459 samples with an average grade of 18 ppb gold, ranging from trace to 1,142ppb gold. The prospect is underlain by similar host rocks to the Golden Saddle Deposit, with a similar geochemical signature. As a comparison, the Golden Saddle soil anomaly measures 1.8 kilometers by 0.9 kilometers and consists of 348 samples which outlines an u-shaped anomaly with an average grade of 22 ppb gold, ranging from trace to 364 ppb gold.
The ridge and spur sampling has identified numerous areas for additional grid soil sampling, including Sabotage Ridge, which is a 1,600-meter-long ridge line with soil samples ranging from trace to 132 ppb gold and averaging 23 ppb gold. Samples for the entire property range from trace to 2,200 ppb gold, averaging 5 ppb.
The JP Ross and Maisy May area is underlain by a similar rock types and structures to the White Gold property, including metamorphosed mafic volcanic, intermediate intrusive and sedimentary rocks, as well as mid-Cretaceous to Early Tertiary plutons and volcanics. At the White Gold Property, the Golden Saddle deposit is hosted within a metavolcanic sequence, and the Arc Deposit is hosted with sedimentary rocks.
Adrian Fleming, President of Underworld said, "The new soil geochemical results for JP Ross vindicate the exploration approach we have used, are similar or of larger magnitude to the footprint of the Golden Saddle deposit and confirm the potential of the White Gold District to host multiple occurrences of gold mineralization. We look forward to the results of our proposed aggressive 2010 regional drill program."
