CALGARY, July 10 /CNW/ - Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra"
or the "Corporation") is pleased to announce that the results of a 2008
bedrock geochemical sampling exploration program completed at Alhambra's 100%
owned Shirotnaia zone have resulted in the discovery of a significant
extension to the known gold anomalies.
In 2007, Alhambra announced a gold discovery at the Shirotnaia zone due
to a successful diamond drilling program whereby 17 of 18 holes drilled
intersected significant intervals of gold mineralization (see news releases
dated March 21 and April 26, 2007). The Shirotnaia zone is one of Alhambra's
advanced drilling targets within the Corporation's 100% owned, 2.7 million
acre, Uzboy Project located in north central Kazakhstan. The Shirotnaia gold
discovery is located approximately 3 kilometres ("kms") northeast of the
KazakhGold Group Limited ("Kazakhgold") mining allotment which hosts the Aksu
and Quartzite Hills gold deposits.
The 2008 bedrock geochemical sampling program resulted in the discovery
of three new gold anomalies located approximately 6 kms east (see Figure 1,
Area No.3) of the Shirotnaia gold discovery announced by Alhambra in 2007 and
northeast of the Aksu gold deposit. This bedrock sampling program also had the
objective of further defining the two gold anomalies (see Figure 1, Area No.1)
that were interpreted to be the extension of the Quartzite Hills gold deposit
(see news release dated February 7, 2008). The bedrock geochemical sampling
program was completed using a Reverse Air Blast ("RAB") drilling rig during
the first and second quarters of 2008.
John J. Komarnicki, Alhambra's Chairman and CEO stated, "the results of
the exploration program at Shirotnaia are significantly better than we
expected. These anomalies cover a significant portion of a major fault system
immediately northeast of the Aksu gold deposit. These new exploration results
support our interpretation that Shirotnaia has the potential to become a very
significant gold bearing area."
The geochemical anomalies referred to in this news release were outlined
using a 0.05 g/t cutoff and are summarized below:
Area No.3 (see Figure 1)
This new discovery consists of three gold anomalies that are located
approximately 6 kms east of the Shirotnaia diamond drilling discovery
announced in 2007. These anomalies are interpreted to be located on and cover
approximately 6 kms of the northwest trending Atansorsky Fault zone. The
maximum width of the main anomaly is approximately 1.5 kms. Several shorter
and narrower parallel gold anomalies occur to the north and south of the main
anomaly. Gold values within these anomalies range from 0.05 grams per tonne
("g/t") to a maximum of 1.65 g/t.
Area No.1 (see Figure 1)
The bedrock sampling program has further defined the surface dimensions
of two anomalies (see news release dated February 7, 2008) located northwest
of the Quartzite Hills (Anomalies No.1 and No.2 - Figure 1) gold deposit that
is currently held by KazakhGold. Gold values within these two anomalies range
from 0.05 to 1.45 g/t. The locations of these anomalies show good correlation
with two northwest trending faults previously identified during the Soviet era
that host the Quartzite Hills gold deposit. Anomaly No.1 consists of two areas
of anomalous gold values that has a strike length of is approximately 2 kms
long and has a maximum width of 0.5 kms. Anomaly No.2 is estimated to be 2 kms
long and also has a maximum width of 0.5 kms.
Area No. 2 (see Figure 1)
The analytical results for the bedrock geochemical sampling program for
the northern portion of this area have been received. These analytical results
showed no anomalous concentrations of gold.
Future Exploration Program
The next phase of exploration planned for the Shirotnaia zone consists of
electromagnetic and total field magnetometer surveys. The electromagnetic
survey is expected to locate areas of pyrite alteration that is associated
with the gold mineralization in the Shirotnaia zone and the total field
magnetometer survey is expected to detect lithologic contacts and map bedrock
structures such as faults and shear zones.
RAB Drilling and Sampling Procedures
An RAB drill was utilized to complete the bedrock geochemical sampling
The bedrock sampling program in the vicinity of Area No.3 was completed
on profiles spaced 500 metres ("m") apart and used a 50 m sample spacing on
the profiles. In Area No.1, the bedrock sampling was completed on profiles
that were spaced 250 m apart and utilized a 25 m and 50 m spacing on each
The bedrock geochemical sampling program 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 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 and 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 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.
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
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.
Figure 1 - Shirotnaia Area: Bedrock Geochemical Results (see map at the
following link: http://files.newswire.ca/483/Alhambra_Shirotnaia.doc)
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)