Underworld's Initial Resource Estimate at Golden Saddle: Indicated Resources of 1,004,570 Oz. at 3.2 g/t Au and Inferred Resources of 407,413 oz at 2.5 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Underworld Resources Inc. (TSX VENTURE:UW) is pleased to announce the initial resource estimation for the Golden Saddle and Arc Deposits at the White Gold Property, Yukon. The resource at Golden Saddle includes 1,004,570 ounces at a grade of 3.2 g/t Au in an indicated category, with an additional 407,413 ounces of inferred resources at an average grade of 2.5 g/t Au. At the Arc Zone, the initial resource includes 170,470 ounces at an average grade of 1.2 g/t Au in the inferred category.