Underworld Resources (UW-V, UNDWF-O) continues to extend mineralization at its White Gold property about 95 km south of Dawson City, Yukon, with the results of its latest stepout and in-fill drill holes from the Golden Saddle and Arc zones.
Hole 47 at Golden Saddle returned a 31.2-metre intercept grading 9.2 grams gold per tonne, including 5.8 metres of 29.8 grams gold.
Visible gold mineralization was intercepted in a series of thick quartz veins. The veins occur along a north-dipping structure that has returned other thick intercepts to the west. However, the company says that the host rock changes from augen gneiss to amphibolite gneiss.
Hole 44, also a stepout hole, returned 56.1 metres of 3.9 grams gold, while in fill hole 43, returned 106 metres of 2.3 grams gold.
The Arc zone yielded shorter intercepts highlighted by 5.9 metres grading 1.2 grams gold, including a 1.9-metre segment grading 10.4 grams gold in hole 41.
The company has drilled 35 holes on the property so far this year and the latest assays came from intercepts as deep as 233 metres.
Underworld has two drills going on the property, with a third on the way, to complete phase two of its 6,000-metre drill program. Extending the Golden Saddle and Arc zones is the focus. The company is planning a resource estimate for White Gold in the fourth quarter.
Underworld shares recently traded at $1.70 apiece in a 52-week window of 13¢-$2.64.
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