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Message: Underworld continues to prove good grades over impressive lengths

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Underworld continues to prove good grades over impressive lengths

posted on Sep 10, 09 02:37PM

So far, the market, today, has only responded with about an 8% gain to today's press release. Though today's release indicates a number of very long drill cores grading over 3 g/t gold, it seems to be mostly overlooked.

However, if one looks at other bulk-mineable deposits in Alaska and Canada, one would be very hard-pressed to find one that averaged over 2 g/t for similar long lengths. There is still some drilling to be done, but I don't know that they will be able to continue once winter sets in.

Consequently, it may be next spring or summer before UW's re-start of drilling confirms the continued grades and lengths that prove, beyond any doubt, that this is a massive bulk-mineable gold project, and we start seeing significant price jumps again.

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