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Alhambra Resources Ltd. - High Grade Mineralization Intersected at Uzboy
CALGARY, Canada, September 6 /PRNewswire/ -- Alhambra Resources Ltd. ("Alhambra" or the "Corporation")
announces the results for 11 diamond drill holes ("DDH")
completed on the West zone of the Uzboy gold deposit. The Uzboy gold deposit
is one of six advanced exploration areas Alhambra is exploring within its
11,000 km(2) (2.7 million acres) Uzboy Project located in north central
Kazakhstan.
The highlights of the drilling program are:
- A significant new high grade zone of gold mineralization has been
intersected
- The gold mineralization has been extended deeper
- The deposit is open on strike to the southwest and at depth
- Additional diamond drilling is required to continue to delineate the
gold mineralization of the West zone
Summary Exploration Results
1. New High Grade Zone of Mineralization Intersected
The locations of the 11 DDH completed are shown in Figure 1 at the
following link: http://files.newswire.ca/483/High_Grade_Mineralization.pdf.
DDH 392 (see Table 1) was drilled on Section 39 to test the depth extension
of the gold mineralization in this portion of the West zone. This DDH
intersected a weighted average uncut grade of 20.69 grams per tonne ("g/t")
over an estimated true width of 20.00 metres ("m"), including a high grade
interval (uncut) of 86.64 g/t over 3.40 m at a vertical depth of 415 m below
surface. This is the deepest mineralized interval intersected to date on the
West zone of the Uzboy gold deposit. The mineralized interval in this hole
is open at depth and along strike.
2. Mineralization Extended Deeper
Diamond drilling on Sections 39 and 45 (see Figure 1 at the following
link: http://files.newswire.ca/483/High_Grade_Mineralization.pdf) shows
that gold mineralization extends from surface to a depth of at least
415 m below surface on these portions of the West zone of the Uzboy gold
deposit. The depth has been extended from the previous known depth of 370 m.
3. Deposit Open On Strike To The Southwest and At Depth
The diamond drilling completed on Section 57 (see Figure 1 at the
following link: http://files.newswire.ca/483/High_Grade_Mineralization.pdf)
is interpreted to have defined the upper edge of the gold mineralization on
this section. Gold mineralization was only intersected in DDH 573, the
deepest hole on Section 57 which is open at depth.
Drilling on Section 65 is interpreted to have intersected the southwest
extension of the gold mineralization previously reported from Section 61 (see
News Release dated March 21, 2007). All six drill holes completed on Section
65 are mineralized with four of the six holes intersecting narrow intervals
of high grade (with a maximum uncut grade of 91.35 g/t over 0.7 m in DDH 655)
gold mineralization.
The West zone of the Uzboy gold deposit has now been traced over a
minimum strike length of 560 m between Section 13 and Section 69. Additional
diamond drilling is required to trace the zone of gold mineralization to the
southwest and at depth.
4. Additional Diamond Drilling Required
Mr. Elmer Stewart, President, COO and the designated Qualified Person for
Alhambra stated, "These drilling results indicate that a considerable amount
of diamond drilling will be required to test the strike and depth extent of
the gold mineralization in the West zone. The fact that the mineralization is
open below a depth of 415 m on Section 39 and the interpreted extension of
the mineralization to the southwest of Section 69 demonstrates the potential
of the West zone."
Table 1 - West Zone Diamond Drill Results
-------------------------------------------------------------------------
Core
Length From To Interval
Section DDH No. (m) Azimuth Dip (m) (m) (m)
-------------------------------------------------------------------------
39 392 526.00 135 -75 422.00 446.00 24.00
-------------------------------------------------------------------------
including 428.00 431.30 3.30
-------------------------------------------------------------------------
including 441.00 445.30 4.30
-------------------------------------------------------------------------
45 4511 558.00 135 -75 345.20 377.00 31.80
393.00 399.00 6.00
-------------------------------------------------------------------------
57 571 211.00 135 -60 No Significant Mineralization
-------------------------------------------------------------------------
57 572 260.00 134 -60 No Significant Mineralization
-------------------------------------------------------------------------
57 573 273.30 136 -70 216.50 222.50 6.00
252.50 264.50 12.00
-------------------------------------------------------------------------
65 651 235.00 135 -60 155.00 160.00 5.00
169.50 172.50 3.00
-------------------------------------------------------------------------
65 652 280.00 135 -60 163.00 166.00 3.00
185.00 201.00 16.00
including 198.00 201.00 3.00
-------------------------------------------------------------------------
65 653 334.00 135 -60 253.00 294.00 41.00
including 264.00 283.00 19.00
including 277.00 279.00 2.00
299.00 308.00 9.00
------------------------------------------------------------------------
65 654 380.00 134 -60 262.00 287.00 25.00
including 262.00 267.00 5.00
291.00 305.00 14.00
including 303.00 304.00 1.00
-------------------------------------------------------------------------
65 655 426.00 135 -60 309.00 344.00 35.00
including 324.00 340.00 16.00
-------------------------------------------------------------------------
65 656 451.00 135 -60 356.00 389.00 33.00
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Cut to
Uncut 22 g/t
Estimated Average Average
True gold gold
Length Width grade grade Mineralization
Section DDH No. (m) (m) (g/t) (g/t) Type
-------------------------------------------------------------------------
39 392 526.00 20.00 20.69 7.74 Sulphide
----------------------------------------------------------
2.70 27.89 22.00 Sulphide
-------------------------------------------------------------------------
3.60 86.64 22.00 Sulphide
-------------------------------------------------------------------------
45 4511 558.00 28.62 1.12 1.12 Sulphide
3.40 1.13 1.13 Sulphide
-------------------------------------------------------------------------
57 571 211.00 Sulphide
-------------------------------------------------------------------------
57 572 260.00 Sulphide
-------------------------------------------------------------------------
57 573 273.30 nd 10.29 10.29 Sulphide
nd 1.39 1.39 Sulphide
-------------------------------------------------------------------------
65 651 235.00 4.00 3.43 3.43 Sulphide
2.50 3.12 3.12 Sulphide
-------------------------------------------------------------------------
65 652 280.00 2.70 2.77 2.77 Sulphide
14.40 7.99 6.28 Sulphide
2.70 24.89 18.42 Sulphide
-------------------------------------------------------------------------
65 653 334.00 28.70 3.22 2.24 Sulphide
13.30 5.97 3.85 Sulphide
1.40 42.12 22.00 Sulphide
6.30 1.41 1.41 Sulphide
-------------------------------------------------------------------------
65 654 380.00 17.50 1.83 1.83 Sulphide
3.50 4.96 4.96 Sulphide
9.80 7.35 2.40 Sulphide
0.70 91.35 22.00 Sulphide
-------------------------------------------------------------------------
65 655 426.00 26.25 6.26 3.48 Sulphide
12.00 12.92 6.85 Sulphide
-------------------------------------------------------------------------
65 656 451.00 25.00 1.44 1.44 Sulphide
-------------------------------------------------------------------------
Detailed West Zone Drill Results
The weighted average grade of the mineralized intervals was determined
using two methods. The first method used a minimum cutoff grade of 0.2 g/t
gold and the gold concentration in the samples based on the analytical result
(uncut). The second method also used a minimum cutoff grade of 0.2 g/t but
reduced the high grade gold concentrations (values greater than 22 g/t) in
the samples to 22 g/t.
The cutting of high grade gold values follows the same procedure
discussed in the National Instrument 43-101 technical report entitled
"Resources and Reserve Estimation Study on the Uzboy Gold Deposit, Akmola
Oblast, Kazakhstan" (the "Report") prepared by ACA Howe International Ltd.
("Howe") dated June 5, 2007. All samples that returned gold values greater
than 22 g/t gold were re-analyzed to verify the initial analytical result.
Where possible, the estimated true width of the mineralized intervals was
also estimated. The weighted average grade for both methods and estimated
true width of the mineralized intervals in each DDH are shown in Table 1.
DDH 392 was drilled on Section 39 to test the depth extension of the
gold mineralization in this portion of the West zone. This DDH intersected
high grade gold mineralization over an estimated true width of 20.0 m at a
vertical depth of 415 m below surface. This is the deepest mineralized
interval intersected to date on the West zone of the Uzboy gold deposit.
The mineralized interval in this hole is open at depth and along strike.
DDH 4511 was completed on Section 45 (located 60 m southwest of
Section 39) to test of the down dip extension of the two intervals of gold
mineralization intersected in DDH 457 (see News Release dated December 6,
2005). DDH 4511 intersected two intervals of gold mineralization
approximately 20 m below the mineralized intervals intersected in DDH 457.
The mineralized intervals in DDH 4511 are open at depth and along strike.
DDH 571, 572 and 573 were completed on Section 57 (located 40 m
northeast of Section 61) to test the strike extension of the gold
mineralization intersected on Section 61 (see News Release dated March 21,
2007). The upper two holes, DDH 571 and 572 were drilled above DDH 573 and
did not intersect significant gold mineralization. DDH 573, the deepest hole
completed to date on Section 57 intersected two intervals of gold
mineralization that are open at depth and along strike. Based on the three
DDHs completed on Section 57, it is interpreted that DDH 573 intersected the
upper portion of a zone of gold mineralized that is open at depth and along
strike.
DDH 651, 652, 653, 654, 655 and 656 were completed on Section 65
(located 40 m southwest of Section 61) to test the strike extension of the
gold mineralization intersected on Section 61 and on Section 69. (see News
Release dated March 21, 2007). DDH 652, 653, 654 and 655 all intersected
narrow intervals of high grade (greater than 22 g/t) gold mineralization.
The six drill holes completed on Section 65 has outlined a zone of gold
mineralization that is interpreted to be continuous over a minimum vertical
of 200 m and is open at depth and along strike to the southwest.
The gold mineralization intersected on Section 61 and Section 69 (see
News Release dated March 21, 2007) and the mineralized intervals shown in
Table 1 of this news release are interpreted to be the same zone of gold
mineralization. This zone of gold mineralization is interpreted to plunge
to the southwest and is open at depth and along strike to the southwest.
Diamond Drilling and Sampling Procedures
The 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 1.8 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 independent of
Alhambra, 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., 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.
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 in its sixth 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
http://www.alhambraresources.com.
The TSX Venture Exchange Inc. has neither approved nor disapproved the
information contained herein.
This news release includes "forward-looking information" within the
meaning of the Canadian securities laws. Statements, other than statements
of historical fact, may constitute forward-looking information and include,
without limitation: anticipated timing and content of upcoming work programs,
geological interpretations, anticipated dates for receipt of permits,
approvals and other milestones; anticipated results of drilling programs and
other analyses. For any forward-looking information given, management has
assumed that the assay results it has received are reliable, and has applied
geological interpretation methodologies which are consistent with industry
standards. Forward-looking information involves various risks and
uncertainties. There can be no assurance that such forward-looking
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. Important
factors that could cause actual results to differ materially from
management's expectations include: uncertainties relating to interpretation
of drill results; drilling and sampling procedures; the geology, continuity
and grade of mineral deposits; the need for co-operation of government
agencies in the exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to develop
properties and uncertainty as to the availability and terms of future
financing; the possibility of delay in exploration programs and uncertainty
of meeting anticipated program milestones; uncertainty as to timely
availability of contractors to perform exploration activities, permits and
other governmental approvals; and other risks and uncertainties disclosed
in the Company's other filings with Canadian securities regulatory
authorities at http://www.sedar.com. The forward-looking information in
this news release is based on management's current expectations and Alhambra
assumes no obligations to update such information to reflect later events or
developments, except as required by law.
