[Marinir] {Disarmed} UTM Completes Phase I Soil Sampling Program in Mongolia

Tue May 29 22:16:37 CEST 2012

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http://www.undurtolgoi.com/s/Home.asp 

UTM COMPLETES PHASE I SOIL SAMPLING PROGRAM IN MONGOLIA 

Undur Tolgoi Minerals Inc. (CNSX: UTM 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=UTM&region=C&lookup=symbol&snapshot=default 

) is pleased to announce the completion of the latest phase of its 
exploration program on its wholly owned 9,620 hectare Under Tolgoi 
license in Mongolia. 

The ongoing UTM exploration program has completed the following to date: 

Geological mapping programs at scales of 1:50,000 and 1:200,000 
(Mongolian and Russian expeditions). 

Air-borne magnetic survey at the scale of 1:200,000 (conducted by 
Russians in 1980's). 

46 rock chip samples were analyzed for 14 elements (Micromine Visit 
2010). 

A total of 1,504 soil samples were collected from a 250 by 250 m grid 
covering the whole license area, and each of the samples was sieved into 
two different fractions, coarse (1.2mm to 80 micron) and fine (less than 
80 micron) and analyzed for 45 elements (CBM LLC, 2012). 

Interpretation of an ASTER image (commissioned by CBM LLC, 2012). 

Ground magnetic and gravity surveys have been executed by GeoSignal LLC 
(commissioned by CBM LLC, 2012). 

Figure 1: Four soil anomalies defined by recent soil sampling (Gold in 
red, Base Metal in blue) 

The result of work to date has enabled the Company to confirm the 
following: 

The soil sampling program has identified four areas of interest, with 
two areas being anomalous in gold and two areas being anomalous in base 
metals. 

Gold anomalies coincide with linear magnetic features, which may 
indicate quartz vein hosted gold. This bears out in field observations, 
but has not yet been tested by rock chip analysis. 

The two base metal areas are set next to a granitic intrusion, one in 
the southwest along a granite - calcareous sediment contact and the 
other what seems to be granite - dolerite contact. 

The license area sits on a major fault zone that separates northeast 
trending terrain which is a spatially favorable environment for a range 
of deposits. 

Figure 2: Satellite with magnetic overlay, OT and UTM 

The northwestern part of the license where Cretaceous sediments are 
distributed, is characterized by high anomalies of both magnetic and 
gravity surveys, which suggests the potential for intrusive rocks within 
the sediments. 

The coincidence of low magnetic anomalies with the anomalous gold grades 
in the central part of the license indicates there may be an alteration 
zone with mineralization. Gold-bearing quartz veins could be found in 
this zone. 

As seen from the results of analyses on both soil and rock samples, 
quartz veins with mineralization of Au-Ag-Pb-Zn are likely to be found 
in greater number. 

Figure 3: Alteration maps of OT and UTM 

Based on exploration results to date the Company will undertake the 
following work program over the next three months: 

An infill soil sampling program on 250 x 50 meter spacing on the areas 
of interest to better define the soil anomalies. 

An induced polarization (IP) survey over the areas of interest, 
including the magnetic high in the NW corner of the tenement occluded by 
alluvium. 

A comprehensive rock chip sampling program to identify host rocks as 
well as an ASD/PIMA and multi element assay, to determine the alteration 
and possible deposit types. 

Management is very pleased with the efficiency and results from the 
exploration program to date and certain that the summer work program 
will further define the areas of interest in order to identify priority 
drill targets. 

UTM is a mineral exploration company entirely focused on Mongolia, and 
which through its wholly owned subsidiaries, owns 100% of the "Undur 
Tolgoi" mineral exploration license. This license consists of 9,620 
hectares of property situated 100 kilometers from the world-scale "Oyu 
Tolgoi" copper and gold mine. In addition, UTM's management is actively 
reviewing potential acquisitions and strategic industry alliances. 

Disclaimer for Forward-Looking Information 

Statements containing forward-looking information express, as at the 
date of this news release, the Company's plans, estimates, forecasts, 
projections, expectations, or beliefs as to future events or results and 
are believed to be reasonable based on information currently available 
to the Company. 

Forward-looking statements and information are based on assumptions that 
financing and personnel will be available when required and on 
reasonable terms, and all necessary regulatory approvals and shareholder 
approval will be obtained, none of which are assured and are subject to 
a number of other risks and uncertainties. 

There can be no assurance that forward-looking statements will prove to 
be accurate. Actual results and future events could differ materially 
from those anticipated in such statements. Readers should not place 
undue reliance on forward-looking information. 

Contact Information 

Don Padgett 

President and CEO 

604 689-1515 ext 104 

Sabino Di Paola 

Chief Financial Officer 

1-888-834-7708 

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