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Alhambra Resources Ltd. |
CALGARY, Alberta - ("Alhambra" or the "Corporation") is pleased to announce the results for 11 diamond drill holes ("DDH") from the West and East zones of the Uzboy gold deposit located in north central Kazakhstan.
Mr. John Komarnicki, President and CEO of Alhambra stated, "We are very pleased to announce that our diamond drill results at Uzboy continue to be successful in intersecting significant gold mineralization. Our latest drill results have extended the limits of the gold mineralization and we have encountered several holes in the East zone which have intersected a significant number of gold mineralized intervals. In addition, the Preliminary Economic Assessment ("Scoping Study") expected by the end of September, will not include any of the 2008 diamond drill results."
Diamond Drilling ResultsThe results for 11 additional DDH (2,553 metres ("m")) completed on the Uzboy gold deposit are being announced. The analytical results and collar locations of the 11 DDH are set out in Table 1 and shown in Figure 1. The weighted average gold grades of the mineralized intervals shown in Table 1, range from 0.21 grams per tonne ("g/t") in the oxide mineralization to 9.82 g/t in the primary mineralization, and are based on atomic absorption analysis and a 0.20 g/t gold cutoff.
a) West ZoneThe objective of the diamond drilling was to test the strike extension of previously reported mineralized intervals on Profiles 69 and 73. The diamond drilling completed on these Profiles intersected multiple intervals of lower-grade gold mineralization in sheared and altered andesitic volcanics. Each mineralized interval contained at least one sample with higher grade gold mineralization. The zone of gold mineralization on these profiles has been extended to 375 m below surface and is open at depth. DDH 104 was drilled at the north end of the West zone and is interpreted to have drilled over the top of the mineralization.
b) East ZoneThe diamond drilling on the East zone confirmed the continuity of the gold mineralization along strike and down dip in the southwest portion of the East zone. Due to the shallow nature of the drilling program, these drill holes intersected multiple intervals of oxide and several intervals of transitional and primary gold mineralization. The zone of mineralization intersected on Profiles 14, 18 and 22 is open at depth. Several of the DDH intersected multiple intervals of gold mineralization which to date, has not been characteristic of the mineralization in the East zone. Of particular interest is DDH 184 which intersected six intervals of gold mineralization with a cumulative total of 54 m of mineralization.
Scoping StudyOver the last two years, an extensive amount of diamond drilling has been completed on the Uzboy gold deposit. This drilling has been successful in extending the zones of gold mineralization in the West and East zones along strike and depth. The drilling results reported in 2006 and 2007 were incorporated into an updated current mineral resource estimate with an effective date of December 31, 2007. The current resource estimate is the basis for the Scoping Study currently being completed by ACA Howe International Ltd., the Corporation's independent geological consultants. Alhambra anticipates that the Scoping Study will be completed before the end of September 2008.
The purpose of the Scoping Study is to assess the economic potential of the gold resources contained in the Measured and Indicated resource categories of the Uzboy gold deposit. The results of a positive Scoping Study are expected to identify the additional work necessary to complete a pre-feasibility study on the Uzboy gold deposit.
| Zone | Section | DDH # | Length | Azimuth | Dip | From (m) | To (m) | Interval (m) | Grade Au (g/t) | Mineralization Type |
| W E S T |
10 | 104 | 150.00 | 315 | -60 | No Significant Mineralization | ||||
| 69 | 694A | 476.00 | 135 | -60 | 331.00 | 339.00 | 8.00 | 2.22 | PRIMARY | |
| 411.00 | 422.00 | 11.00 | 1.11 | PRIMARY | ||||||
| including | 421.00 | 422.00 | 1.00 | 8.00 | PRIMARY | |||||
| 73 | 733 | 530.00 | 135 | -60 | 422.00 | 445.00 | 23.00 | 1.62 | PRIMARY | |
| including | 431.00 | 439.00 | 8.00 | 3.82 | PRIMARY | |||||
| 73 | 732 | 500.00 | 134 | -60 | 351.00 | 381.00 | 30.00 | 0.67 | PRIMARY | |
| including | 366.00 | 367.00 | 1.00 | 4.10 | PRIMARY | |||||
| including | 372.00 | 374.00 | 2.00 | 2.30 | PRIMARY | |||||
| 408.00 | 413.00 | 5.00 | 3.53 | PRIMARY | ||||||
| including | 408.00 | 409.00 | 1.00 | 8.70 | PRIMARY | |||||
| E A S T |
14 | 142 | 105.20 | 313 | -60 | 0.00 | 36.00 | 36.00 | 0.59 | OXIDE |
| including | 0.00 | 16.00 | 16.00 | 1.06 | OXIDE | |||||
| 77.00 | 105.20 | 28.20 | 0.82 | TRANSITION/PRIMARY | ||||||
| 14 | 144 | 100.10 | 312 | -60 | 5.00 | 20.00 | 15.00 | 0.25 | OXIDE | |
| 42.00 | 58.00 | 16.00 | 0.72 | OXIDE | ||||||
| 14 | 146 | 111.00 | 315 | -60 | 38.00 | 50.00 | 12.00 | 0.21 | OXIDE | |
| 56.00 | 82.00 | 26.00 | 0.69 | OXIDE/TRANSITION | ||||||
| including | 68.00 | 70.00 | 2.00 | 5.22 | OXIDE/TRANSITION | |||||
| 18 | 184 | 130.20 | 315 | -60 | 0.00 | 3.00 | 3.00 | 0.40 | OXIDE | |
| 9.00 | 29.00 | 20.00 | 0.60 | OXIDE | ||||||
| including | 13.00 | 23.00 | 10.00 | 0.97 | OXIDE | |||||
| 40.00 | 46.00 | 6.00 | 2.03 | OXIDE | ||||||
| including | 42.00 | 43.00 | 1.00 | 9.82 | OXIDE | |||||
| 73.00 | 79.00 | 6.00 | 0.95 | OXIDE | ||||||
| including | 77.00 | 78.00 | 1.00 | 4.80 | OXIDE | |||||
| 98.00 | 111.00 | 13.00 | 0.37 | OXIDE/TRANSITION | ||||||
| 120.80 | 127.00 | 6.20 | 1.36 | PRIMARY | ||||||
| 18 | 185 | 190.00 | 315 | -60 | 24.00 | 31.00 | 7.00 | 0.74 | OXIDE | |
| 93.00 | 96.00 | 3.00 | 3.17 | OXIDE/TRANSITION | ||||||
| 116.00 | 122.70 | 6.70 | 0.82 | PRIMARY | ||||||
| 152.00 | 157.00 | 5.00 | 0.50 | PRIMARY | ||||||
| 22 | 224 | 100.00 | 314 | -60 | 0.00 | 20.00 | 20.00 | 0.64 | OXIDE | |
| including | 16.00 | 18.00 | 2.00 | 3.13 | OXIDE | |||||
| 47.00 | 51.00 | 4.00 | 1.00 | OXIDE | ||||||
| 81.00 | 86.00 | 5.00 | 1.13 | TRANSITION/PRIMARY | ||||||
| 95.00 | 98.00 | 3.00 | 2.53 | PRIMARY | ||||||
| 22 | 225 | 160.00 | 314 | -60 | 54.80 | 60.00 | 5.20 | 0.84 | OXIDE/TRANSITION | |
| 109.00 | 111.00 | 2.00 | 0.55 | PRIMARY | ||||||
| True thickness of the mineralized interval cannot be determined at this time. | ||||||||||
Diamond drilling is completed using a 76 mm diameter core barrel. Core recovery is estimated to be greater than 97%. After cutting with a diamond saw, one half of the core is collected for sample preparation and analysis and the other half is retained for future reference. Sample intervals were selected based on lithologies and intensity of alteration. The sample interval and sample weight averaged one-meter and 2.0 kilograms respectively. Sample preparation was completed by Chemical and Analytical Laboratory Quartz LLP located in Stepnogorsk, Kazakhstan using the following procedure: core samples were pulverized in a jaw crusher to minus 1 mm, mixed and split into two 0.75 kilogram sub-samples. One sub-sample is ground to - 200 mesh and the other sub-sample is retained for reference purposes. A 10 gram sample of the -200 mesh material is used for atomic absorption analysis and the balance is retained for fire assaying and reference purposes. Chemical and Analytical Laboratory Quartz is independent of Alhambra and is certified in the Republic of Kazakhstan but does not have an International Standard Organization ("ISO") rating.
Quality ControlAlhambra follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis.
Elmer B. Stewart, MSc. P. Geol., a director of Alhambra and a technical consultant, is the Corporation's nominated Qualified Person. Mr. Stewart has reviewed and verified the technical information contained in this news release.
ABOUT ALHAMBRAAlhambra is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently celebrating its seventh year of operations in the Republic of Kazakhstan.
Alhambra shares trade in Canada on The TSX Venture Exchange under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at www.alhambraresources.com
| Ihor P. Wasylkiw Chief Information Officer +1 (403) 508-4953 |
Donald D. McKechnie Vice President Finance and CFO +1 (403) 228-2855 (Toll Free) |
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Alhambra Resources Ltd.
Head Office 330, 700 - 6th Avenue S.W. Calgary, Alberta, Canada T2P 0T8 Phone: (403) 228-2855 Fax: (403) 228-2865 E-mail: info@alhambraresources.com 1-888-522-8282 |
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