CALGARY, Feb. 7 /CNW/ - Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra"
or the "Corporation") is pleased to announce the results of a deep geochemical
exploration program completed around Alhambra's previously announced gold
discovery at Shirotnaia in 2007. The Shirotnaia zone is one of the advanced
drilling targets within Alhambra's 100% owned, 2.7 million acre, Uzboy Project
area located in north central Kazakhstan.
A deep geochemical survey using Reverse Air Blast ("RAB") drilling was
completed in the fourth quarter of 2007 to the southwest and northeast of the
previously announced gold discovery at the Shirotnaia zone. This has resulted
in the discovery of two linear gold anomalies located northwest of KazakhGold
Group Limited's ("KazakhGold's") Aksu and Quartzite Hills gold deposits. A
second deep geochemical survey was also completed approximately 800 metres
("m") northeast of the Shirotnaia gold discovery when the Corporation
announced a successful drilling program whereby 17 of 18 diamond drill holes
intersected gold mineralization (see News Releases dated March 21, 2007 and
April 26, 2007).
John Komarnicki, the Corporation's Chairman and CEO stated, "We are
excited about these new exploration results. They support our interpretation
that Shirotnaia has the potential to become a very significant gold bearing
Following is a summary of the geochemical anomalies discovered at
Area No. 1
Two northwest trending, linear gold anomalies were located northwest of
the Quartzite Hills gold deposit that is currently held by KazakhGold (see map
at the following link: http://files.newswire.ca/483/Alhambra_Results.doc).
Gold values in the first anomaly ranges from 0.05 to 1.14 gram per tonne
("g/t") and gold values in the second anomaly ranges from 0.05 to 0.39 g/t.
These anomalies appear to show good correlation with two northwest trending
faults previously identified during the Soviet era. Anomaly No. 1 is
approximately 3,000 m long and Anomaly No. 2 is estimated to be 2,000 m long.
The width of these anomalies cannot be determined due to the spacing and
orientation of the sampling profiles. These anomalies are interpreted to be
located along the same faults that host the Quartzite Hills gold deposit.
These anomalies are defined by using the greater than 0.05 g/t gold as a
Area No. 2
This area is located approximately 800 m northeast of the previously
announced Shirotnaia gold discovery and is characterized by a series of
northeast trending gold anomalies (defined by greater than 0.05 g/t gold) that
extend over a distance of 2,400 m and a width of 1,200 m. Gold values within
these anomalies range from 0.05 g/t to a maximum of 2.79 g/t. The area
(approximately 800 m long) between these anomalies and the diamond drilling
completed at Shirotnaia in 2007 has not been explored. These gold anomalies
are interpreted to be an extension of the Shirotnaia zone of gold
RAB Drilling and Sampling Procedures
The RAB drilling was utilized to complete a deep geochemical survey over
a portion of the Uzboy Project located immediately northwest of KazakhGold's
mining operation and northeast of the Shirotnaia Zone.
The RAB drilling in the vicinity of Area No. 1 was completed on profiles
that were 500 m apart and used a 25 m and 50 m spacing between the holes on
the profiles. In Area No. 2, the RAB drilling was completed on profiles that
were spaced 250 m apart and utilized a 25 m and 50 m spacing between the
collars on each profile.
The geochemical survey was completed using vertical RAB holes that were
drilled to a depth of 4 m. The interval from 2 to 4 m in each hole was
collected for sampling and analysis.
The RAB holes have a 7.6 centimeter diameter. The cuttings from the
interval sampled in each hole were 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 atomic absorption analysis and the balance is
retained for fire assaying and reference purposes. 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")
Alhambra plans to evaluate the significance of these anomalies by using a
combination of RAB and KGK drilling. Diamond drilling of targets defined by
this work is expected to be completed in the first half of 2008.
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.
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
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. For further information please contact:
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
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, 1-888-290-1335 (Toll Free)