CALGARY, Sept. 18 /CNW/ - Alhambra Resources Ltd. (TSX-V: ALH)
("Alhambra" or the "Corporation") is pleased to provide an update on a
recently completed total field magnetometer survey ("magnetic survey"). The
magnetic survey covered an area of approximately 132 square kilometres
surrounding Alhambra's 100% owned Uzboy gold deposit located in north central
The magnetic survey has identified three large exploration targets within
close proximity to the Uzboy gold deposit where the Corporation is currently
producing gold. Within these targets, the interpretation of the magnetic data
suggests that three areas exhibit a similar structural and lithologic setting
as that which hosts the Uzboy gold deposit. The exploration of these target
areas using Induced Polarization to identify areas of strong
pyrite-carbonate-sericite alteration is planned in 2009.
BASIS FOR MAGNETIC SURVEY
Alhambra recently completed a detailed study of the lithological and
structural controls on the gold mineralization within the Uzboy gold deposit
which occurs within the Shatskaya Mineral Trend crossing the northern portion
of the Uzboy gold project. This mineral trend also hosts the Vasilkovskoe gold
deposit which is located approximately 80 kilometres ("kms") west of the Uzboy
The pertinent aspects of this study were:
a) Altered and intensely sheared and faulted andesite is the primary
host rock for the gold mineralization,
b) The main shear zone (which can be up to 200 metres ("m") wide)
trends northeast and is the main structural control on the gold
c) Higher-grade gold mineralization tends to occur at and around the
intersections of the main shear zone and two different sets of
shear zones, and
d) The gold mineralization is characterized by strong pyrite-
The structural and lithologic controls on the Uzboy gold deposit exhibit
a negative magnetic signature ("magnetic low"). The first phase of the
geophysical exploration of the area around the Uzboy gold deposit utilized a
magnetometer survey to locate similar structural and lithologic features to
that which hosts the Uzboy gold deposit. Detailed exploration of magnetic lows
to locate areas of strong pyrite-carbonate-sericite using an Induced
Polarization survey is planned in 2009.
DETAILS OF MAGNETIC SURVEY
The magnetic survey was completed over a portion of the Shatskaya Mineral
Trend that covered a strike length of 17 kms and a width of 8 kms ( see Figure
1 at the following link: http://files.newswire.ca/483/ALH_MagneticSurvey.doc )
extending from the northeast end of the Uzboy gold deposit to the southwest
beyond the Aygabak zone. The magnetic survey was completed to: (i) detect the
strike extension of the altered and sheared andesite in the main shear zone
that hosts the Uzboy gold deposit, (ii) locate other parallel shear zones that
have not been detected, and (iii) locate similar structural and lithologic
settings as the Uzboy gold deposit.
The magnetic survey was completed on lines that are spaced at regular
intervals of 200 m. Magnetometer readings were collects at 20 m intervals
along the survey lines. The magnetic survey was completed by Azimuth Energy
Services, a Kazakhstani geophysical company that is independent of Alhambra.
The magnetic survey located three target areas that are interpreted to
demonstrate the same lithologic and structural features as the Uzboy gold
deposit that required more detailed geophysical exploration.
Area No. 1
This area is located immediately southeast of the Uzboy gold deposit and
is characterized by a strong northeast trending negative magnetic feature
("magnetic low"). This target area has only been partially delineated.
Additional magnetic surveying is required to delineate the remainder of this
target area. This area exhibits similar structural trends and magnetic
signature as the Uzboy gold deposit and is bordered by a large semi-circular
positive magnetic feature ("magnetic high") which is interpreted to be a mafic
intrusive, possibly a diorite.
Area No. 2
This area extends for a distance of approximately 10 kms southwest of the
Uzboy gold deposit. Two targets within the intense magnetic low exhibit a
similar structural setting to that which hosts the Uzboy gold deposit. Area
No. 2 is cross-cut by a prominent southeast trending magnetic feature that is
interpreted to be either a fault or a mafic dike which exhibits the same
strike direction as the fault that occurs along the southwest end of the West
zone of the Uzboy gold deposit. Area No. 2 trends northeast-southwest and is
interpreted to cover the southwest extension of the main shear zone which
hosts the Uzboy gold deposit. This area is bordered by a large semi-circular
positive magnetic feature which is interpreted to be a mafic intrusive,
possibly a diorite.
Area No. 3
This area is located approximately 3.0 kms southwest of the Aygabak zone
and is characterized by a northeast trending magnetic low. Although Area No. 3
displays a weaker magnetic signature, the area exhibits cross-cutting magnetic
features that are interpreted to be either faults or shear zones which have
the same strike directions as the faults/shears that control the gold
mineralization in the Uzboy gold deposit.
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 seventh 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.
Elmer B. Stewart, MSc. P. Geol., a director of the Corporation and a
technical consultant, is the Corporation's nominated Qualified Person
responsible for monitoring the supervision and quality control of the programs
completed within the Uzboy Project. Mr. Stewart has reviewed the technical
information contained in this news release.
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: Ihor P. Wasylkiw, Chief Information Officer,
(403) 508-4953; Donald D. McKechnie, Chief Financial Officer, (403) 228-2855