Alhambra Resources Ltd. - Shirotnaia and Uzboy Diamond Drill Results



    CALGARY, March 21 /CNW/ - Alhambra Resources Ltd. ("Alhambra" or the
"Corporation") announces the results for four diamond drill holes ("DDH")
completed on the Shirotnaia zone and an additional 11 DDH from the West zone
of the Uzboy gold deposit.
    Mr. Elmer Stewart, President and COO of Alhambra stated, "the ground
conditions at Shirotnaia dictated that we complete the drilling during the
winter. The analytical results for the first four holes drilled are very
encouraging for they indicate a broad zone of gold mineralization that is
consistent with the results of the trenching programs completed over the last
two years at Shirotnaia. The step out holes to the southwest on the West zone
of the Uzboy gold deposit indicate that we may have defined the southwest
limits of the Uzboy West zone. Exploration including diamond drilling on the
Northeast, the Central and the East zones (see Figure 1 at the following link:
http://files.newswire.ca/483/Alhambra_Figures.doc) of Uzboy is planned through
the balance of 2007."

    Diamond Drilling Results

    The locations of the diamond drill holes for the Shirotnaia zone and the
West zone of the Uzboy gold deposit are shown in Figures 2 & 3 (see Figures 2
& 3 at the following link: http://files.newswire.ca/483/Alhambra_Figures.doc).
The weighted average grades of the mineralized intervals for Shirotnaia and
the West zone of the Uzboy gold deposit are based on atomic absorption
analysis and using a 0.2 gram per tonne ("g/t") cutoff.

    Shirotnaia Zone

    A total of 18 DDH, of which only the results of four holes are currently
available, have been completed to test the continuity along strike and depth
extent of the gold mineralization outlined by the trenching programs completed
in 2005 and 2006. Diamond drilling of this zone commenced in early February.
The weighted average grade of the mineralized intervals for these first holes
is set out in Table 1 below:

    
               Table 1 - Shirotnaia Zone 2007 Drilling Results

    -------------------------------------------------------------------------
                                                             Grade  Minerali-
    Section DDH  Length  Azimuth  Dip  From      To Interval   Au    zation
            No.   (m)                   (m)     (m)    (m)   (g/t)    Type
    -------------------------------------------------------------------------
      20   C201  100.60      149  -60   0.20    7.00   6.80  0.68    OXIDE
                                       30.00   71.50  41.50  1.02 TRANSITION
                       including       42.50   51.50   9.00  3.51 TRANSITION
      24   C241  100.70      152  -60   0.30   40.00  39.70  1.18    OXIDE/
                                                                  TRANSITION
                       including        1.00   27.00  26.00  1.47    OXIDE/
                                                                  TRANSITION
                                       44.00   85.00  41.00  0.79 TRANSITION/
                                                                   PRIMARY
      28   C281  110.00      149  -60   0.00   73.00  73.00  1.79    OXIDE/
                                                                  TRANSITION
                                       91.00  102.00  11.00  0.62   PRIMARY
      28   C282  142.80      151  -60   9.00   16.00   7.00  0.97    OXIDE
                                      104.00  142.80  38.80  1.80   PRIMARY
    -------------------------------------------------------------------------
    Note: Until additional diamond drill results are available, the true
    thickness of the mineralized intervals cannot be estimated.
    

    These holes intersected oxidation to an average depth of 25 metres ("m").
The gold mineralization is hosted in a broad zone of metasomatically altered
andesite.
    In addition to the significant intervals of lower-grade mineralization,
the interval from 46.5 to 47.5 m in DDH 20-1 yielded 18.0 g/t gold, the
interval from 37 to 41 m in DDH 24-1 averaged 9.97 g/t and the interval from
55 to 57 m in DDH 28-1 yielded 9.33 g/t of gold.
    The mineralized intervals in the drill holes set out above show a good
correlation to the zone of gold mineralization outlined in the surface
trenches. The analytical results indicate the zone of gold mineralization is
continuous from Section 20 to Section 28 (a distance of 80 m) and is open to
the northeast of Section 28 and to the southwest of Section 20.

    West Zone Drill Results

    Diamond drilling on the West zone of the Uzboy gold deposit commenced in
mid January. The objective of the drilling was to test the down dip and strike
extension of previously reported mineralized intervals. The analytical results
are presented in Table 2.

    
                 Table 2 - Uzboy West Zone Drilling Results

    -------------------------------------------------------------------------
                                                               Grade Mineral-
    Zone Section DDH Length Azimuth Dip   From    To  Interval   Au  ization
                 No.   (m)                 (m)    (m)     (m)  (g/t)   Type
    -------------------------------------------------------------------------
    West   29  C2913  418.00  134   -60  328.50  331.60   3.10  1.30 PRIMARY
    West                                 338.00  351.00  13.00  0.96 PRIMARY
                                  inclu-
    West                           ding  338.00  342.00   4.00  2.28 PRIMARY
    West   33  C3317  464.40  136   -70  388.00  395.00   7.00  2.32 PRIMARY
    West   61   C614  150.30  136   -60  109.00  112.00   3.00  0.71 PRIMARY
    West   61   C615  220.00  136   -60  161.00  182.00  21.00  1.08 PRIMARY
    West   61   C617  440.00  134   -60  298.00  303.00   5.00  0.72 PRIMARY
    West                                 317.00  329.00  12.00  0.40 PRIMARY
    West                                 378.00  392.00  14.00  0.85 PRIMARY
    West   69   C691  390.00  135   -60  230.00  236.00   6.00  1.98 PRIMARY
    West                                 240.00  246.00   6.00  0.55 PRIMARY
    West                                 251.00  253.00   2.00  1.76 PRIMARY
    -------------------------------------------------------------------------
    

    DDH 29-13 was drilled to test the interval of higher grade zone of gold
mineralization previously reported in DDH 29-12 (see News Release dated
January 9, 2007). DDH 29-13 did not interest the zone of higher grade gold
mineralization intersected in DDH 29-12 and it appears that the mineralization
on this section is pinching out at depth.
    DDH 33-17 was drilled to test the depth extension of the mineralization
intersected in DDH 33-16 (see News Release dated January 9, 2007) and
intersected 2.32 g/t gold over 7.0 m (see Figure 3 at the following link:
http://files.newswire.ca/483/Alhambra_Figures.doc). The analytical results for
this hole suggest that the strong zone of mineralization intersected in DDH
33-16 is pinching out at depth.
    DDH 61-4, 61-5, 61-6 and 61-7 (see Figure 3 at the following link:
http://files.newswire.ca/483/Alhambra_Figures.doc) were drilled on Section 61
to test the zone of gold mineralization previously intersected on this
section. DDH 61-4 was drilled to test the upward extension of the
mineralization in DDH 61-1 but did not intersect significant gold
mineralization. DDH 61-4 was completed between DDH 61-1 and 61-2 (see News
Release dated January 9, 2007) to test the continuity of the gold
mineralization between these two holes. DDH 61-6 was terminated due to
fractured and broken ground which caused considerable drilling difficulties.
DDH 61-7 was drilled from the same collar location as DDH 61-6 and intersected
three relatively narrow intervals of low grade gold mineralization
approximately 40 m below DDH 61-3. Based on the results to date, it appears
that the mineralization does not outcrop on surface and pinches out at depth.
    DDH 69-1 is located 80 m southwest of Section 61. This hole was drilled
to test the strike extension of the gold mineralization intersected in DDH
61-2 and DDH 61-3. The holes intersected three narrow intervals of low-grade
gold mineralization at the same depth below surface as the mineralization
intersected by DDH 61-2. The analytical results and the thickness of the
metasomatic alteration suggest that the zone of mineralization and alteration
intersected on Section 61 is pinching out to the southwest.
    DDH 85-1, 85-2, 85-3, 85-4 and 85-5 are located on Section 85
(approximately 160 m southwest of Section 69) and were drilled to test a
structural and lithologic target similar to that in the area from Section 29
to Section 37 on the West zone of the Uzboy gold deposit. These holes
intersected unaltered, sandstone, siltstone and conglomerate and no
significant gold mineralization.

    Mamay Zone

    Receipt of analytical results (gold-silver-copper-zinc-lead) for the
diamond drilling completed on the Mamay zone is ongoing. Mamay is being
explored as a low-grade base metal target with significant concentrations of
gold and silver. The results received to date are sporadic and insufficient to
provide a meaningful interpretation of the data. Results will be released on
receipt of all the analytical results.

    Resource Estimate

    The resource estimation for the West and East zone of the Uzboy gold
deposit, being prepared by Alhambra's independent geological consultants ACA
Howe International Limited, is expected to be completed before the end of
March 2007 and will incorporate the results of approximately 65 additional
mineralized holes. The resource estimation will include the oxide,
transitional and primary zones of gold mineralization.

    Diamond Drilling and Sampling Procedures

    Diamond drilling is completed using a 76 mm diameter core barrel. Core
recovery is estimated to be greater than 96%. 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 using the following procedure: core samples were
pulverized in a jaw crusher to minus 1mm, 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 laboratory in Stepnogorsk is certified in the Republic of
Kazakhstan but does not have an International Standard Organization 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., President of Alhambra, is the Company's
nominated Qualified Person responsible for monitoring the supervision and
quality control of the programs completed on the Uzboy property. Mr. Stewart
has reviewed and verified the technical information contained in this news
release.
    Alhambra is a Canadian based international production and exploration
company celebrating its sixth year of operations in the Republic of
Kazakhstan. It is engaged in the exploration and development of gold
properties and commenced gold production in late 2004.
    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 Company'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, geological interpretations and potential mineral recovery processes.
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: Elmer B. Stewart, President & Chief Operating
Officer, (403) 228-2855; Ihor P. Wasylkiw, Chief Information Officer, (403)
508-4953; Jim Clarke, Investor Relations, (888) 290-1335 (Toll Free)

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