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Two New Zones of Gold Mineralization Discovered at Uzboy
CALGARY, Canada, August 28 /PRNewswire/ -- Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra" or the "Corporation")
is pleased to announce that Reverse Air Blast ("RAB") drilling completed in
2007 has resulted in the discovery of two new zones of oxide gold
mineralization located approximately 200 metres ("m") north of the East
zone of the Uzboy gold deposit.
The RAB drilling completed in 2007 has also more precisely defined the
extent of the Inferred oxide mineral resource identified in the East zone
of the Uzboy gold deposit as set out in a National Instrument 43-101
technical report entitled "Resources and Reserve Estimation Study on the
Uzboy Gold Deposit, Akmola Oblast, azakhstan" (the "Report") prepared by
ACA Howe International Ltd. ("Howe") dated June 5, 2007 (see News Release
dated June 13, 2007).
1. Zones A & B
RAB drilling was completed in two areas surrounding the East zone of
the Uzboy gold deposit. The first area was drilled (Profiles 86 to 98) to
test gold anomalies located before 1991 during the Soviet era. This
drilling located the two new zones of significant oxide gold mineralization
designated as Zones A and B (see Figure 1 at the following link:
http://files.newswire.ca/483/UzboyEast.doc).
These two new zones of gold mineralization range from 125 to 175 m in
length and from 10 to 40 m in width, and are open along strike and at depth
. Gold values for the sample intervals from within these two zones ranged
from 0.2 grams per tonne ("g/t") to 4.39 g/t gold.
2. Zones C, D & E
The second area of drilling is located southeast of the current open
pit mining operations (pits No. 1 & 2) between Profiles 4 to 66 on the East
zone and defined three significant zones of oxide gold mineralization
designated as Zones C, D and E (see Figure 1 at the following link:
http://files.newswire.ca/483/UzboyEast.doc). These three zones are
interpreted to be an extension of the oxide gold mineralization previously
outlined in the East Zone of the Uzboy gold deposit. The RAB drilling was
completed to better define the limits of the Inferred oxide mineral
resource prior to commencement of diamond drilling.
Zone D, the largest of the three zones, measures 460 m long and is up
to 140 m (Profile 20) in width. The limits of the oxide gold mineralization
in all three zones are open along strike and at depth. On several profiles,
the oxide gold mineralization is open to the northwest. The gold values for
the sample intervals within zones C, D and E ranged from 0.2 g/t to 29.7 g/
t. Diamond drilling of zones C, D and E is planned in the third quarter of
2007 to test the depth extent of the oxide gold mineralization as outlined
by the RAB drilling program.
The Report prepared by Howe estimated that approximately 186,000
ounces of gold (8.735 million tonnes at an average grade of 0.67 g/t)
classified as an Inferred mineral resource is contained in the oxide
portion of the East zone of the Uzboy gold deposit. Inferred mineral
resources have a greater amount of uncertainty as to their existence and as
to whether they can be mined legally or economically. It cannot be assumed
that all or any part of the Inferred mineral resource will ever be upgraded
to the Measured or Indicated mineral resource categories. Mineral resources
that are not mineral reserves do not have demonstrated economic viability.
One of the objectives of the 2007 exploration program is to determine
if the Inferred mineral resource estimated by Howe can be upgraded to
either a Measured or Indicated mineral resource.
A list of the mineralized RAB holes, the profile number, the
mineralized interval and estimated weighted average gold grade (at a 0.2 g/
t cutoff) of each RAB hole, are presented in Table 1.
Table 1 - RAB Drilling Profile Summaries
Minalized Weighted Average
Hole ID No. Profile No. Interval (m) Grade Au (g/t)
---------------------------------------------------------------------
ER0434 4 17.00 1.28
ER0435 4 19.00 0.39
ER0436 4 13.00 0.45
ER0437 4 14.00 0.60
ER0438 4 2.00 1.66
ER0439 4 2.00 0.52
ER0440 4 2.00 0.40
ER0441 4 2.00 0.46
ER0442 4 8.00 0.33
ER0443 4 6.00 0.29
ER0444 4 9.00 0.22
ER0445 4 9.00 0.26
ER0446 4 15.00 0.58
---------------------------------------------------------------------
ER0626 6 6.00 0.85
ER0631 6 6.00 0.38
---------------------------------------------------------------------
ER0806 8 6.00 1.04
ER0807 8 6.00 0.74
ER0808 8 2.00 0.28
ER0810 8 10.00 0.47
ER0820 8 16.00 0.29
ER0821 8 4.00 0.28
ER0822 8 10.00 0.41
ER0823 8 14.00 0.61
ER0825 8 12.00 0.49
ER0826 8 6.00 1.52
---------------------------------------------------------------------
ER1213 12 4.00 1.55
ER1214 12 14.00 0.47
ER1215 12 14.00 2.05
ER1216 12 16.00 0.30
ER1217 12 6.00 0.53
ER1218 12 12.00 0.41
ER1219 12 16.00 0.49
ER1220 12 8.00 0.26
ER1221 12 16.00 0.87
ER1222 12 10.00 0.67
ER1223 12 8.00 0.25
ER1224 12 4.00 0.79
ER1225 12 14.00 0.36
ER1233 12 11.00 1.24
ER1234 12 11.00 0.26
ER1235 12 8.00 0.61
ER1236 12 5.00 0.53
---------------------------------------------------------------------
ER1615 16 10.00 0.39
ER1616 16 18.00 0.57
ER1617 16 14.00 0.88
ER1618 16 6.00 1.27
ER1623 16 16.00 0.43
ER1624 16 14.00 3.77
ER1625 16 14.00 0.61
ER1626 16 14.00 0.49
ER1627 16 8.00 0.33
ER1628 16 14.00 0.26
ER1629 16 6.00 0.38
ER1630 16 16.00 4.86
ER1631 16 14.00 1.00
ER1632 16 18.00 0.51
ER1633 16 2.00 0.24
ER1634 16 2.00 0.98
ER1635 16 12.00 0.28
ER1636 16 10.00 0.36
ER1637 16 12.00 0.72
---------------------------------------------------------------------
ER2023 20 10.00 0.30
ER2024 20 10.00 0.42
ER2025 20 2.00 0.23
ER2027 20 10.00 0.24
ER2028 20 2.00 0.53
ER2038 20 6.00 0.51
ER2039 20 16.00 0.68
ER2040 20 4.00 0.37
ER2041 20 14.00 0.43
ER2042 20 10.00 0.32
ER2043 20 6.00 0.53
ER2044 20 14.00 1.28
ER2045 20 16.00 0.35
ER2046 20 4.00 0.36
---------------------------------------------------------------------
ER2422 24 12.00 0.71
ER2423 24 8.00 0.62
ER2424 24 12.00 0.64
ER2425 24 10.00 0.50
ER2426 24 16.00 0.42
ER2427 24 18.00 0.72
ER2428 24 16.00 0.61
ER2429 24 10.00 1.55
ER2430 24 2.00 0.42
ER2431 24 16.00 0.32
ER2432 24 16.00 0.25
ER2433 24 16.00 0.52
ER2434 24 10.00 0.42
---------------------------------------------------------------------
ER3220 32 8.00 0.56
ER3221 32 10.00 1.03
ER3224 32 10.00 0.64
ER3225 32 16.00 0.58
---------------------------------------------------------------------
ER-3403 34 8.00 0.26
ER-3404 34 2.00 0.29
ER-3405 34 4.00 0.35
ER-3406 34 6.00 0.27
---------------------------------------------------------------------
ER3620 36 6.00 0.46
ER3621 36 10.00 0.52
ER3622 36 10.00 0.50
ER3623 36 10.00 0.48
---------------------------------------------------------------------
ER-3801 38 2.00 0.30
ER-3802 38 4.00 0.25
---------------------------------------------------------------------
ER4817 48 16.00 0.20
ER4818 48 8.00 0.50
ER4819 48 2.00 0.57
ER4820 48 20.00 0.55
ER4821 48 14.00 0.36
ER4822 48 16.00 0.59
ER4823 48 4.00 0.46
---------------------------------------------------------------------
ER-5001 50 4.00 1.14
ER-5002 50 10.00 2.73
ER-5004 50 2.00 0.52
ER-5005 50 4.00 0.41
ER-5006 50 4.00 1.20
ER-5013 50 6.00 0.83
ER-5014 50 8.00 1.04
ER-5015 50 6.00 0.22
---------------------------------------------------------------------
ER5219 52 14.00 1.03
ER5220 52 8.00 0.28
ER5221 52 4.00 0.60
ER5222 52 4.00 0.52
ER5231 52 8.00 0.89
ER5232 52 4.00 0.21
ER5234 52 16.00 1.58
ER5235 52 10.00 0.32
ER5258 52 8.00 0.28
ER5259 52 4.00 0.25
ER5261 52 10.00 0.41
ER5262 52 8.00 0.34
ER5263 52 10.00 0.38
---------------------------------------------------------------------
ER5637 56 12.00 0.31
ER5638 56 20.00 0.74
ER5639 56 6.00 0.35
ER5640 56 12.00 0.56
ER5641 56 4.00 0.45
---------------------------------------------------------------------
ER-5802 58 4.00 0.50
ER-5804 58 4.00 6.40
ER-5805 58 4.00 0.28
ER-5806 58 6.00 0.35
ER-5808 58 4.00 0.30
ER-5810 58 6.00 0.46
ER-5811 58 10.00 0.69
---------------------------------------------------------------------
ER6035 60 16.00 0.85
ER6036 60 14.00 2.13
ER6037 60 10.00 1.19
ER6038 60 10.00 0.71
ER6039 60 12.00 0.63
ER6040 60 10.00 0.38
---------------------------------------------------------------------
ER-6205 62 10.00 1.17
ER-6206 62 6.00 0.68
ER-6207 62 4.00 0.25
ER-6208 62 10.00 0.59
ER-6209 62 6.00 2.64
---------------------------------------------------------------------
ER6435 64 10.00 1.00
ER6436 64 12.00 1.63
ER6437 64 4.00 0.55
ER6438 64 4.00 0.40
ER6439 64 12.00 0.50
ER6440 64 12.00 0.35
ER6441 64 6.00 0.28
---------------------------------------------------------------------
ER-6604 66 8.00 0.87
ER-6606 66 4.00 1.36
ER-6607 66 8.00 0.32
ER6635 66 10.00 0.33
ER6636 66 8.00 0.27
ER6637 66 8.00 0.33
ER6638 66 10.00 0.36
---------------------------------------------------------------------
ER7830 78 6.00 1.10
---------------------------------------------------------------------
ER-8608 86 2.00 2.56
ER-8609 86 8.00 0.47
ER-8610 86 12.00 0.52
ER-8611 86 4.00 1.20
ER-8612 86 6.00 0.55
ER-8614 86 2.00 1.56
ER-8615 86 2.00 0.94
---------------------------------------------------------------------
ER9032 90 6.00 0.60
ER9034 90 6.00 0.28
ER9035 90 2.00 0.58
ER9036 90 6.00 0.31
---------------------------------------------------------------------
ER 9402 94 6.00 0.49
ER 9403 94 8.00 0.43
ER 9404 94 6.00 2.04
ER 9405 94 6.00 0.64
---------------------------------------------------------------------
ER 9815 98 6.00 0.79
ER 9819 98 3.00 0.38
---------------------------------------------------------------------
RAB Drilling and Sampling Procedures
A total of 651 RAB holes (7,768 m) were completed on 27 profiles
oriented northwest-southeast, spaced at 20 and 40 m intervals. The distance
between the RAB drill collar locations averaged 5 m on each profile. The
depths of the RAB holes ranged from 6 to 18 m and varied from profile to
profile depending on the hardness of the rock. All holes were terminated in
oxidized rock.
The RAB holes have a 7.6 centimeter diameter and were drilled in a
vertical orientation. A 2.0 m sample interval was utilized. The cuttings
from each hole are 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") 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
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 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 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.
