Alhambra Resources Ltd. - Positive Diamond Drill Results From Uzboy Gold Deposit



    CALGARY, Sept. 4 /CNW/ - Alhambra Resources Ltd. ("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 Results

    The 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 Zone

    The 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 Zone

    The 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 Study

    Over 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.

    
    Table 1 - Uzboy Gold Deposit Drilling Results

    -------------------------------------------------------------------------
                                                              Grade  Mineral-
          Sec-  DDH          Azi-        From   To   Interval   Au   ization
    Zone  tion  No.  Length  muth  Dip    (m)   (m)    (m)    (g/t)    Type
    -------------------------------------------------------------------------
    West    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
    -------------------------------------------------------------------------
                                incl-
                                uding  421.00  422.00   1.00   8.00  PRIMARY
    -------------------------------------------------------------------------
            73  733  530.00  135  -60  422.00  445.00  23.00   1.62  PRIMARY
    -------------------------------------------------------------------------
                                incl-
                                uding  431.00  439.00   8.00   3.82  PRIMARY
    -------------------------------------------------------------------------
            73  732  500.00  134  -60  351.00  381.00  30.00   0.67  PRIMARY
    -------------------------------------------------------------------------
                                incl-
                                uding  366.00  367.00   1.00   4.10  PRIMARY
    -------------------------------------------------------------------------
                                incl-
                                uding  372.00  374.00   2.00   2.30  PRIMARY
    -------------------------------------------------------------------------
                                       408.00  413.00   5.00   3.53  PRIMARY
    -------------------------------------------------------------------------
                                incl-
                                uding  408.00  409.00   1.00   8.70  PRIMARY
    -------------------------------------------------------------------------

    East    14  142  105.20  313  -60    0.00   36.00  36.00   0.59  OXIDE
    -------------------------------------------------------------------------
                                incl-
                                uding    0.00   16.00  16.00   1.06  OXIDE
    -------------------------------------------------------------------------
                                        77.00  105.20  28.20   0.82  TRAN-
                                                                     SITION/
                                                                     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/
                                                                     TRAN-
                                                                     SITION
    -------------------------------------------------------------------------
                                incl-
                                uding   68.00   70.00   2.00   5.22  OXIDE/
                                                                     TRAN-
                                                                     SITION
    -------------------------------------------------------------------------
            18  184  130.20  315  -60    0.00    3.00   3.00   0.40  OXIDE
    -------------------------------------------------------------------------
                                         9.00   29.00  20.00   0.60  OXIDE
    -------------------------------------------------------------------------
                                incl-
                                uding   13.00   23.00  10.00   0.97  OXIDE
    -------------------------------------------------------------------------
                                        40.00   46.00   6.00   2.03  OXIDE
    -------------------------------------------------------------------------
                                incl-
                                uding   42.00   43.00   1.00   9.82  OXIDE
    -------------------------------------------------------------------------
                                        73.00   79.00   6.00   0.95  OXIDE
    -------------------------------------------------------------------------
                                incl-
                                uding   77.00   78.00   1.00   4.80  OXIDE
    -------------------------------------------------------------------------
                                        98.00  111.00  13.00   0.37  OXIDE/
                                                                     TRAN-
                                                                     SITION
    -------------------------------------------------------------------------
                                       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/
                                                                     TRAN-
                                                                     SITION
    -------------------------------------------------------------------------
                                       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
    -------------------------------------------------------------------------
                                incl-
                                uding   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  TRAN-
                                                                     SITION/
                                                                     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/
                                                                     TRAN-
                                                                     SITION
    -------------------------------------------------------------------------
                                       109.00  111.00   2.00   0.55  PRIMARY
    -------------------------------------------------------------------------

    Note: True thickness of the mineralized interval cannot be determined at
    this time.

    Figure 1 - Uzboy Gold Deposit: Diamond Drill Hole Location Map (see map
    at the following link: http://files.newswire.ca/483/UGold_Deposit.doc)
    

    Diamond Drilling and Sampling Procedures

    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 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 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 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 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

    
    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.





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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