Alhambra Resources Ltd. - Encouraging Preliminary Aygabak Exploration Results



    CALGARY, Nov. 15 /CNW/ - Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra"
or the "Corporation") announces the results of a Reverse Air Blast ("RAB")
drilling program on the Aygabak zone located approximately seven kilometres
southwest of Alhambra's 100% owned Uzboy gold deposit. The RAB drilling
program has located a zone of gold-silver-lead mineralization and a zone of
low-grade zinc mineralization (see Figure 1 at the following link: 
http://files.newswire.ca/483/AlhambraNov14Map.doc).
    "We are very pleased with the preliminary drilling results at Aygabak",
stated John Komarnicki, Alhambra's Chairman and CEO. "The results to date
indicate a very interesting gold and base metal target with significant
intervals of mineralization. The RAB drilling results warrant follow-up
diamond drilling of which a minimum of four holes are planned for the fourth
quarter of 2007."

    1. Gold-silver-lead Mineralization

    This zone occurs between Profile 62 and Profile 88, a horizontal distance
of 320 metres ("m"). The apparent width of the zone ranges from 10 to 35 m.
This zone of mineralization was not intersected on Profile 80 but extends to
the East beyond Profile 88. The mineralization contains variable and in places
significant concentrations of zinc and copper. The average metal
concentrations of the RAB holes range from 0.10 to 8.44 grams/tonne ("g/t")
gold (including 47.8 g/t over a 2.0 m interval in RAB hole No. 8409), 0.50 to
63.75 g/t silver, 0.01 to 5.42% zinc, 0.02% to 5.13% lead, and 0.01 to 1.48%
copper (see Table 1). The location of the mineralization on Profiles 62, 64
and 66, suggests that post mineralization faulting has offset this part of the
zone. The cutoff used to determine the average grade for this style of
mineralization was 0.10 g/t gold. The estimated true thickness of the
mineralized intervals cannot be determined.

    2. Zinc Mineralization

    Low-grade zinc mineralization occurs immediately south of the
gold-silver-lead mineralization (see Figure 1 at the following link: 
http://files.newswire.ca/483/AlhambraNov14Map.doc). This zone is defined by
zinc concentrations greater than 1,000 parts per million ("ppm") or 0.10%.
This zone occurs between Profile 52 and Profile 76 a distance of 280 m and
ranges in apparent width from 10 m to greater than 30 m. Low but significant
concentrations of gold-silver-lead and copper occur within this zone. The
average metal concentrations of the RAB holes range from 0.03 to 0.12 g/t
gold, 0.06 to 20.13 g/t silver, 0.10% to 1.21% zinc, trace ("tr") to 1.00%
lead, and trace to 0.24% copper (see Table 1). The cutoff used to determine
the average grade for this style of mineralization was 0.10% zinc. The
estimated true thickness of the mineralized intervals cannot be determined.

    3. Geology

    The Aygabak zone is underlain by a series of andesite, silicified
limestone, secondary quartzite (possibly rhyolite) that have been intruded by
granodiorite (see News Release dated October 30, 2007). The depth of
oxidization in this area does not allow a meaningful structural interpretation
at this time.

    RAB Drilling and Sampling Procedures

    A total of 380 RAB holes (7,842 m) were completed on 18 profiles oriented
northwest-southeast, spaced at intervals ranging from 20 to 80 metres apart.
The distance between the RAB hole collar locations averaged 5 m on each
profile. The depths of the RAB holes ranged from 6 to 30 m and varied from
profile to profile depending on the hardness of the rock. All holes were
terminated in oxidized rock.
    The RAB holes have a 7.6 centimeter diameter and were drilled in a
vertical orientation. A 2.0 m sample interval was utilized. The cuttings from
each hole are mechanically split into four samples. The samples selected for
analysis are placed in a cloth bag and weighed at the drill site. The weight
of the samples ranged between 5 and 7 kilograms. Based on sample weight, the
recovery from the holes is estimated to be almost 100%.
    Sample preparation was completed by Chemical and Analytical Laboratory
Quartz LLP located in Stepnogorsk using the following procedure: 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 analysis and the balance is retained for fire
assaying and reference purposes. Gold concentrations were measured using
atomic absorption and silver-zinc-lead-copper concentrations were determined
using a spectral analytical technique. Chemical and Analytical Laboratory
Quartz LLP is independent of Alhambra, is certified in the Republic of
Kazakhstan and does not have an International Standard Organization ("ISO")
rating.

    Quality Control

    Alhambra 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 is the
Corporation's nominated Qualified Person has reviewed and verified the
technical information contained in this news release.

    About Alhambra

    Alhambra 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 in its sixth year of operations in the Republic
of Kazakhstan.
    Alhambra common shares trade 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.

    The TSX Venture Exchange Inc. has neither approved nor disapproved the
    information contained herein.

    This news release contains forward-looking information including but not
limited to comments regarding the timing and content of upcoming work programs
and geological interpretations. Forward-looking information includes
disclosure regarding possible future events, conditions or results of
operations that is based on assumptions about future economic conditions and
courses of action, and therefore, involves inherent risks and uncertainties.
For any forward looking information given, management has assumed that the
analytical results it has received are reliable, and has applied geological
interpretation methodologies which are consistent with industry standards.
Although management has a reasonable basis for the conclusions drawn, actual
results may differ materially from those currently anticipated in such
statements. For such statements, we claim the safe harbor for future.

    
                     Table 1 - 2007 RAB Drilling Results

    -------------------------------------------------------------------------
    Profile       RAB   Interval   Gold    Silver    Zinc     Lead    Copper
    (No.)        (No.)    (m)      (g/t)    (g/t)     (%)      (%)      (%)
    -------------------------------------------------------------------------
    56            5601     20.0     0.05     0.10     0.10       tr       tr
                  5602     10.0     0.05     0.08     1.20       tr       tr
                  5604     18.0     0.03     0.08     0.11       tr       tr
                  5605     24.0     0.03     0.07     0.12       tr       tr
                  5606     18.0     0.04     0.06     0.17       tr       tr
    -------------------------------------------------------------------------
    60            6004     18.0     0.04     0.06     0.10       tr     0.01
                  6005     18.0     0.05     0.07     0.17       tr     0.02
                  6007     10.0     0.04     0.06     0.29       tr     0.01
                  6008     10.0     0.03     0.08     0.11       tr     0.01
    -------------------------------------------------------------------------
    62            6204      8.0     0.05     0.16     0.25     0.01       tr
                  6205     10.0     0.04     0.16     0.22     0.01       tr
                  6206     16.0     0.04     0.19     0.24     0.01       tr
                  6207      8.0     0.04     0.32     0.23     0.03     0.01
                  6208     24.0     0.04     0.23     0.39     0.02     0.02
                  6209     16.0     0.06     0.52     0.42     0.03     0.02
                  6213     14.0     1.31    13.09     0.06     1.18     0.03
                  6214     16.0     2.00    12.46     0.06     0.55     0.05
                  6215     14.0     1.58     3.43     0.06     0.08     0.03
                  6216     20.0     1.01    30.86     0.04     1.10     0.02
                  6217     14.0     0.14     0.73     0.04     0.04     0.02
                  6218     10.0     1.34    29.40     0.03     1.49     0.03
                  6220     16.0     1.41     6.16     0.03     0.06     0.03
    -------------------------------------------------------------------------
    64            6411      8.0     0.07    20.13     0.50     1.00     0.07
                  6412      8.0     0.09     0.18     0.55     0.01     0.02
                  6413      8.0     0.11     0.09     0.44     0.01       tr
                  6414      6.0     0.05     0.12     1.03     0.01     0.01
                  6415      8.0     0.07     0.31     0.40     0.60     0.01
                  6416      8.0     0.06     0.82     0.54     0.13     0.04
                  6423      8.0     3.88    63.75     0.03     0.53     0.04
                  6424      8.0     1.70    15.75     0.03     1.12     0.05
                  6425      8.0     1.92     2.83     0.02     0.44     0.02
                  6426      8.0     1.72     8.00     0.04     0.30     0.06
                  6427      8.0     1.33     4.85     0.01     0.07     0.01
                  6428      8.0     2.87    35.00     0.04     0.11     0.03
                  6429      8.0     1.10     2.58     0.03     0.07     0.02
    -------------------------------------------------------------------------
    66            6609     12.0     0.09     0.11     0.21     0.01     0.03
                  6610     10.0     0.06     0.48     0.30     0.09     0.04
                  6611     10.0     0.03     1.22     0.42     0.19     0.06
                  6612     10.0     0.03     1.66     0.24     0.51     0.08
                  6613     10.0     0.07     5.71     0.19     0.61     0.24
                  6614     14.0     0.22    10.62     0.10     0.93      0.2
                  6615      8.0     2.31     34.5     0.34     5.13     0.56
                  6616      8.0     0.15     0.75     0.13     0.30     0.04
    -------------------------------------------------------------------------
    68            6809      6.0     0.12     0.14     0.12     0.01     0.03
                  6810      8.0     0.09     0.25     1.21     0.03     0.04
                  6811     12.0     0.08     0.23     0.23     0.06     0.03
                  6812     10.0     0.05     5.38     0.20     0.40     0.06
                  6813     10.0     0.11    10.65     0.08     0.91     0.08
                  6814     10.0     0.54    34.40     0.11     2.84     0.27
                  6815     10.0     0.36    19.00     0.05     1.58     0.21
                  6816     12.0     0.06     2.80     0.02     0.20     0.07
    -------------------------------------------------------------------------
    76            7602      8.0     0.08     0.32     0.20     0.02     0.03
                  7603      6.0     0.07     0.11     0.22       tr     0.02
                  7604      4.0     0.04     0.15     0.18       tr     0.01
                  7606     12.0     0.04     0.10     0.13       tr     0.02
                  7609     10.0     0.71     15.6     0.07     0.02     0.01
    -------------------------------------------------------------------------
    82            8209     14.0     0.11     0.26     0.28       tr     0.01
                  8210      6.0     1.47     0.43     0.08     0.01     0.02
    -------------------------------------------------------------------------
    84            8409     14.0     8.44     5.50     0.18     0.09     0.03
                  8410     20.0     0.31     2.14     0.10     0.03     0.01
                  8411     20.0     0.28     0.85     0.17     0.02       tr
                  8412     20.0     0.16     0.82     0.24     0.01     0.01
                  8413     16.0     0.85    14.66     0.14     0.07     0.02
                  8414     14.0     0.23     6.30     0.14     0.09     0.03
    -------------------------------------------------------------------------
    84A          84A01     30.0     0.26    21.63     1.09     0.28     0.05
                 84A02     30.0     0.64    58.53     3.11     1.79     1.48
    -------------------------------------------------------------------------
    86            8611     12.0     0.03     1.57     1.51     0.14     0.05
                  8612     12.0     0.38    32.58     0.66     0.46     0.10
                  8613     12.0     3.72    31.83     5.42     1.64     0.38
                  8614     12.0     0.03     0.88     0.22     0.10     0.03
    -------------------------------------------------------------------------
    88            8815      8.0     0.15     0.90     1.10     0.20     0.01
                  8816     10.0     0.10     0.58     0.08     0.03     0.01
                  8818      6.0     0.51     0.50     0.13     0.02     0.01
    -------------------------------------------------------------------------
    





For further information:

For further information: Ihor P. Wasylkiw, Chief Information Officer,
(403) 508-4953; Jim Clarke, Investor Relations, (888) 290-1335 (Toll Free)

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