So...collected some comments re: SH......

New Dawn Mining (ND-T) is providing an update to report further positive economic policy changes in Zimbabwe as outlined in the short-term emergency recovery program (STERP) recently presented by the new Minister of Finance. The new STERP is expected to have a direct positive impact on the company's Turk mine, as well as positive effects for the Zimbabwe economy as a whole.

Specific to New Dawn and the Zimbabwe mining industry, the new STERP eliminates any retention on revenue derived from export sales. In the January, 2009, monetary policy statement, retention was reduced to 7.5 per cent from 15 per cent. Now, under the new program, it has been eliminated completely. The result is to allow gold producers to continue to market their gold directly and to now retain 100 per cent of the proceeds from such gold sales in foreign currency. At the same time, the STERP proposes to review taxation and royalty structures to bring them in line with international standards.

The STERP also confirms that the new liberalized exchange controls will remain, which will result in New Dawn receiving payment for its gold sales in U.S. dollars, thus eliminating any currency risk.

Additionally, the STERP maintains the previous threshold that any business transaction under $5-million (U.S.), including the sale of gold, does not need Reserve Bank of Zimbabwe approval. For New Dawn, this permits flexibility for future gold sales and further demonstrates the extent of the positive changes that are now occurring with respect to Zimbabwe's economic policies.

The STERP also includes expediting amendments to the Mines and Minerals Act, particularly in respect to the framework for mining rights, with a view toward reviewing the mining title system, discouraging hoarding of claims which are not being worked, and reforming the Mining Affairs Board.

"Positive changes in economic policy in Zimbabwe are occurring. The new STERP provides us even further confidence and evidence of the positive steps forward being taken by the government towards ensuring economic stability," said company president and chief executive officer, Ian R. Saunders. "For New Dawn, the STERP provides us greater visibility as we move closer to resuming full-scale gold mining operations and begin to generate free cash flow in U.S. dollars, from our export sales of gold mined at our Zimbabwe operations."

New Dawn anticipates moving into full-scale mining operations at the Turk mine in Zimbabwe during the second calendar quarter of 2009, and expects to report to shareholders in this regard in the near future.

The contents of this news release were supervised and reviewed by Mr. Saunders, BSc, who is president, CEO and a director of New Dawn Mining, and who is a qualified person within the meaning of NI 43-101.

New Dawn Mining (ND-T) is providing an update to report further positive economic policy changes in Zimbabwe as outlined in the short-term emergency recovery program (STERP) recently presented by the new Minister of Finance. The new STERP is expected to have a direct positive impact on the company's Turk mine, as well as positive effects for the Zimbabwe economy as a whole.

Specific to New Dawn and the Zimbabwe mining industry, the new STERP eliminates any retention on revenue derived from export sales. In the January, 2009, monetary policy statement, retention was reduced to 7.5 per cent from 15 per cent. Now, under the new program, it has been eliminated completely. The result is to allow gold producers to continue to market their gold directly and to now retain 100 per cent of the proceeds from such gold sales in foreign currency. At the same time, the STERP proposes to review taxation and royalty structures to bring them in line with international standards.

The STERP also confirms that the new liberalized exchange controls will remain, which will result in New Dawn receiving payment for its gold sales in U.S. dollars, thus eliminating any currency risk.

Additionally, the STERP maintains the previous threshold that any business transaction under $5-million (U.S.), including the sale of gold, does not need Reserve Bank of Zimbabwe approval. For New Dawn, this permits flexibility for future gold sales and further demonstrates the extent of the positive changes that are now occurring with respect to Zimbabwe's economic policies.

The STERP also includes expediting amendments to the Mines and Minerals Act, particularly in respect to the framework for mining rights, with a view toward reviewing the mining title system, discouraging hoarding of claims which are not being worked, and reforming the Mining Affairs Board.

"Positive changes in economic policy in Zimbabwe are occurring. The new STERP provides us even further confidence and evidence of the positive steps forward being taken by the government towards ensuring economic stability," said company president and chief executive officer, Ian R. Saunders. "For New Dawn, the STERP provides us greater visibility as we move closer to resuming full-scale gold mining operations and begin to generate free cash flow in U.S. dollars, from our export sales of gold mined at our Zimbabwe operations."

New Dawn anticipates moving into full-scale mining operations at the Turk mine in Zimbabwe during the second calendar quarter of 2009, and expects to report to shareholders in this regard in the near future.

The contents of this news release were supervised and reviewed by Mr. Saunders, BSc, who is president, CEO and a director of New Dawn Mining, and who is a qualified person within the meaning of NI 43-101.

ND featured on Investor digest

http://www.smallcapepicenter.c.....2...

Atac Resources to triple exploration at Rau project

2009-05-28 15:42 ET - News Release

Mr. Graham Downs’s reports

ATAC RESOURCES LTD. SIGNIFICANTLY INCREASES ITS 2009 EXPLORATION PLANS

Atac Resources Ltd. plans to substantially increase its 2009exploration activities. Atac intends to nearly triple its budget for diamond drilling at its Rau gold project to $3.5-million. The company also intends to increase its activities at its wholly owned properties near the White Gold discovery of Underworld Resources Ltd. in central Yukon.

Atac is seeing increased interest in the Rau gold property as it approaches the start of drilling in early June. Discussions are under way with interested parties concerning an option agreement for a50-per-cent interest in the property, but the company is also considering offers regarding equity financings. If the company is unable to obtain favorable terms through those discussions, shareholders' right offering is contemplated to augment the company’s current treasury of $3.1-million.

The recent drilling success that Underworld Resources has announced at the Golden Saddle zone on its White Gold property is very encouraging and shows potential for additional discoveries in that district. Atac has four gold properties in close proximity to the White Gold property and exploration is expected to begin on those properties within the next two weeks.

I am posting here because there is a direct link between ATC and UW I have been following ATC for 6 years and just wish to give any interested parties a heads up
ATC is certainly an area play in terms of the recent UW discovery but ATC is a LOT more than that

For those who are seriously interested in discovering quality
The company is very excited about the UW discovery and was obviously aware of the potential earlier in May when they acquired more claims adjacent to UWs white gold property...
ATCs Green gulch property is very close to the UW discovery and actually completely surrounded by UW land...
ATC also have there own very significant discovery: the Rau property...
ATC also have a vast number of properties all in The Yukon, NWT and BC most of which are either optioned or available for option...
One of those properties of note is Northern Freeholds Freehold Mountain...
They keep a few high prospect claims for their own exploration plans too but the big difference is they are a project generator... so much less dilution... these guys have been going for many years and the company only has 46 mil s/o...
There is much to this little gem...
Go to the website and check it out...

http://www.atacresources.com/s/home.asp

Underworld Resources* (UW: TSX-V: $1.41), Net Change: 0.36, % Change: 34.29%, Volume: 3,381,360

On top of the world. Shareholders of Underworld Resources received their coming-out party yesterday, as the stock soared

Following a set of exciting drill results. The very tightly-held company, with about 27.5 million shares outstanding - Kinross

(K) Owning 9.9% of those, released infill/step out drill results for three holes from the Golden Saddle target on its 100%-owned

White Gold property in the Yukon. These three initial drill holes from the current 4,000-metre program were step out/infill holes

On a single fence following up on the success of WD-021 which returned 3.10 g/t Au over 50.7 meters. Yesterday's positive

Results included: 102.5 meters grading 1.84 g/t Au (WD09-28), 60.5 meters grading 3.89 g/t Au (WD09-29), 104.0 meters

Grading 3.39 g/t Au (WD09-31). Drilling to date has traced gold mineralization at Golden Saddle for 450 metres along strike,

and to 170 metres down dip. The zone remains open for expansion. The White Gold property consists of five zones

demonstrating anomalous gold in soil geochemical anomalies over a 7.5-kilometre trend. Two diamond drills are currently on

White Gold Property, and have completed to-date nine holes at the Golden Saddle zone, and one hole at Arc zone (located two

kilometres southeast of Golden Saddle). An additional five holes are planned for the current Phase 1 4,000-metre drill program,

in addition to mapping, trenching and sampling on multiple other targets on the Property. Further assays will be released upon

Receipt.

You are talking about the birthplace of the KLONDIKE>>>> we have found the mother load
THE SOUCE of KLONDIKE gold rush...

25 million ounces pulled out of the KLONDIKE!!! Cha jing

Underworld Resources: Best New Gold Discovery in Canada

By James West
MidasLetter.com
Thursday, May 7, 2009

Ninety kilometers south of Dawson City in Canada's Yukon, Underworld Resources (TSX.V: UW) has made a significant gold discovery that is sufficiently impressive to induce Kinross Gold (NYSE:KGC, TSX: K) into holding nearly ten percent of the company.

It’s not difficult to understand why Kinross is interested. Underworld's 100% controlled White Gold property in Canada's Yukon is one of the best ever for the territory, and probably the best new discovery in Canada of the last year or two. Together with the adjacent Black Fox property, approximately 100 square kilometers of terrain accessible by air, road and barge are currently being explored.

HISTORICALLY PROLIFIC YUKON
Yukon has a rich mining history. Mining has continued to be the cornerstone of the Yukon economy from the famous Klondike gold rush of 1896/98 to the present day, although the territory has experienced several "boom-and-bust" cycles as metal prices have risen and fallen over the years.

The first reported exploitation of metals in Yukon pre-dates European settlement. The aboriginal people are known to have mined native copper nuggets in the White River area of southwest Yukon to fashion arrowheads and to trade. Prospecting for placer gold by white settlers began soon after the first reported discovery at Forty mile in 1850.

The discovery of gold on Rabbit Creek in the Klondike district by George Cormack, Tagus (Dawson) Charlie and Kokum Jim on August 16, 1896 sparked the world's biggest 'gold rush'. Placer gold mining remained the mainstay of the Yukon economy from the time of gold rush until the early 1920s. Following rises in the price of gold, placer mining was again important from the 1940s to the 1960s and from 1974 to today. Currently, small family-run gold placer mines operate each summer, with annual production of approximately 100,000 troy ounces. The total recorded fine gold production from 1885 to date is about 12.5 million ounces, valued at US$4.4 billion at today's prices.

Why is now a good time to look at Underworld?

DRILLING TO BEGIN IMMINENTLY
"We're looking at drilling a minimum of thirty, but more likely closer to forty holes in the Golden Saddle Zone starting this week," said Vice President of Exploration Rob McLeod. "We're looking at a very large bulk-tonnage open pitiable scenario that nevertheless has very good grades of gold, consistently 4 to 6 grams per tonne."

Last year's drill program of the Golden Saddle zone saw many excellent intercepts, and nearly every hole contained some degree of gold mineralization. Highlights of those results are as follows:

• 18.1 meters grading 4.35 grams per tonne gold;
• 17.7 meters grading 4.38 grams per tonne gold;
• 16 meters grading 4.2 grams per tonne gold;
• 16 meters grading 4.16 grams per tonne gold;
• 21.6 meters grading 5.6 grams per tonne gold;
• 14.2 meters grading 3.38 grams per tonne gold;
• 50.7 meters grading 3.1 grams per tonne gold.

The company also drilled two holes into the Arc zone 1 kilometer south of the Golden Saddle, of which one assayed 28.5 meters grading 1.18 grams per tonne gold, and the second hole, 600 meters away, returned 1.47 grams per tonne gold over 29 meters. The Arc zone mineralization remains open in all directions.

Besides these developing targets, there are an additional 4 zones of interest on the White property that have shown anomalous to somewhat higher grades of gold mineralization in soil geochemical testing that will see some preliminary exploration drilling over the coming months.

Immediately south of the White Gold property is the Black Fox property, which has been subject to placer mining for over 100 years? The company is planning to test the Thistle Creek area on the Black Fox property following grab sample results assaying from 0.6 grams per tonne as high as 10 grams per tonne gold.

THE TECHNICAL TEAM
Underworld's exploration team combines the discovery track record of Adrian Fleming with the northern Canadian expertise of Rob McLeod.

Fleming gained fame as a member of the team that discovered the Porgera Gold Mine in Papua New Guinea, which currently ranks as the world's seventh largest known gold deposit. He was the regional exploration manager for Placer Dome in Sydney, Australia, and was instrumental in the discovery and/or development of major discoveries such as Australia's Big Bell Mine, Gross Rosebel Mine in Suriname, and the Hope Bay Gold Project in northern Canada.

Rob McLeod is a highly technical, creative and innovative exploration geologist. He has over twelve years of post-graduate experience in mining and mineral exploration, working for a variety of major and junior mining companies. His exploration strategy is a multi-tiered approach, including: conceptual geologic ideas with prospecting, early-stage project advancement focusing on discovery, and advancing mid-stage projects towards feasibility. As an exploration geologist and project manager at Miramar s Hope Bay project, he was part of the team that discovered the Naartok deposit, as well as expanding and delineating the Boston and Doris deposits. He was previously Vice President of Exploration for Atna Resources and is currently a director and advisor to several junior exploration companies.

According to Mr. McLeod, "Adrian has a tremendous discovery record. Since I met him working on the Hope Bay project, we've always had a strong urge to team up and Underworld Resources in the outcome of that desire".

THE STRUCTURE
All important to the staying power of a company is the frequency and methodology of its capitalization. What makes Underworld so attractive is that they have made this great discovery right out of the chute, which means a lower cost of discovery per ounce over time, and less dilution relative to ounces of gold in the ground per share.

"We're very happy with share structure," commented Rob McLeod. We made a conscious decision not to finance the company with any warrants since going public. We've have 27.5 million shares outstanding and 30 million fully diluted, with $4 million in the treasury. We did a $3 million flow-through financing in October 08 during the worst of the market sell-off, which became free trading two months ago. The stock is now trading at 55 cents per share, with management holding 20% and institutions in Canada and the U.S. holding about 28%.