Alhambra Resources Ltd

Alhambra Resources Ltd. - Operational Updates

    Calgary, Canada (ots/PRNewswire) - Alhambra Resources Ltd. ("Alhambra" or the "Company") is  pleased to provide a number of operational updates on its Uzboy Project  located in north central Kazakhstan. These updates include:

    -    Resin stripping plant construction

    -    Uzboy drilling program

    -    Mamay drilling program

    -    Gold production

    1. RESIN STRIPPING PLANT CONSTRUCTION

    The start-up of Alhambra's resin stripping plant commenced on September 25, 2006. Commissioning of this plant is ongoing and is expected  to be completed by the end of October 2006.

    The stripping plant provides Alhambra with total control of its gold  production activities while reducing cash operating costs. The estimated  savings in operating costs of the resin stripping plant is US$30 per ounce  ("/oz") based on producing 25,000 ounces ("oz") of gold per year. This  amounts to a savings in excess of 40% relative to the current resin  stripping operating cost of US$72/oz paid to an independent third party.

    The resin stripping plant is located in the city of Stepnogorsk, approximately 200 kilometres ("kms") southwest of the Uzboy heap leach mine . Stepnogorsk is the operations base for Saga Creek Gold Company,  Alhambra's wholly owned Kazakhstan operating subsidiary.

    2. UZBOY DRILLING PROGRAM

    Summary Exploration Results

    The drilling completed on the Uzboy gold deposit in 2006 is designed  to test the down dip and strike extension of the gold mineralization  intersected in 2005.

    To date, a total of 45 diamond drill holes ("DDH") have been completed.  Twenty-two DDH have been reported previously and analytical results for 7  new DDH are being reported in this release. The results for the remaining  16 DDH will be reported once the results have been received and analyzed.  The results from the 7 DDH being reported continue to extend the limits of  the Uzboy gold deposit.

    Diamond drilling on the East zone continues to intersect multiple intervals of oxide and primary gold mineralization. The West zone is comprised of two areas of mineralization. One area is located on the northwest side of the zone and the second area is located on the southeast  side of the zone. The analytical results indicate that the gold  mineralization in the southeast area is continuous to the southwest and  appears to be pinching out at depth. See Figure 1 for the 2006 drill hole  locations. To view Figure 1, please use the following link:

    http://files.newswire.ca/483/Uzboy_West_Zone.doc

    West Zone Drill Results

    DDH 49-3 was drilled to test the area above the mineralization intersected in DDH 49-4 (see News Release dated September 13, 2006). This  hole intersected a substantially wider interval of primary gold mineralization than DDH 49-4. The average gold grade in both holes is similar. Two drill holes, DDH 49-2 and DDH 49-1, were completed to test the  gold mineralization above the mineralized intersection in DDH 49-3. Results  for these holes are pending. The mineralization on this section is  interpreted to be an extension of the mineralized interval intersected in  DDH 45-2 (3.76 g/t gold over 50.0 metres see News Release dated September 9 , 2005). The mineralization appears to be open along strike to the  southwest toward Section 51.

    DDH 45-10 intersected primary gold mineralization over an interval of  6.0 metres ("m"). DDH 45-10 was drilled to test the down dip extension of  the mineralized interval in DDH 45-2. The width of the mineralized interval  in DDH 45-10 suggests that the mineralization is pinching out at depth.

    East Zone Drill Results

    Diamond drilling on Section 62 (see Figure 2. To view Figure 2, please  use the following link: http://files.newswire.ca/483/Uzboy_West_Zone.doc)  was completed to test the down dip and strike extension of the oxide gold mineralization exposed in the East zone open pit. The drilling completed on  Section 2 was to test the strike extension of the mineralization  intersected on Section 10 (see News Release dated September 13, 2006).

    Multiple intersections of both oxide and primary gold mineralization were intersected on Section 2 in DDH 2-1 and DDH 2-2. The holes are interpreted to have intersected the strike extension of the mineralization on Section 10  located 80 m to the northeast.

    The three holes completed on section 62 tested the strike extension of  mineralization intersected on Section 66 located 40 m to the northeast (see  News Release dated September 13, 2006). The upper mineralized intervals in  DDH 62-4 and DDH 62-5 are interpreted to be the strike extension of the new  zone of oxide and primary gold mineralization (see News Release dated  September 13, 2006) intersected in DDH 66-4 and DDH 66-5 located 40 m to  the northeast. A trenching program between Sections 2 and 82 (800 m of  strike length) is planned to trace the surface exposure of the oxide gold mineralization in these holes in order to better locate future diamond  drill hole locations.

    Detailed Exploration Results

    The weighted average grade (using a 0.2 g/t cutoff and not corrected  to true width) of the mineralized intervals based on atomic absorption  analysis for the seven diamond drill holes from the Uzboy gold deposit are  outlined below.

@@start.t1@@      -------------------------------------------------------------------------
                                DDH      Hole                          From        To  Interval  Grade
        Zone  Section  No.    Length  Azimuth  Dip    (m)        (m)      (m)  (Au g/t)
      -------------------------------------------------------------------------
        West        49    49-3      195        136      -60      120    142.70  22.70      3.48
                      45    45-10    160        136      -60      106    112.00    6.00      2.39
        East         2      2-1    130.5      314      -60    13.00    21.00    8.00      0.82
                                                                            64.00    78.50  14.50      1.44
                                                                            96.20  130.50  34.30      1.58
                        2      2-2      170        315      -60      4.00    19.00  15.00      1.03
                                                                            52.00    58.00    6.00      4.17
                                                                            79.00  107.00  28.00      0.43
                                                                          145.00  157.00  12.00      1.68
                      62    62-3      256      285.5    -60  120.00  136.00  16.00      1.88
                              62-4      270        316      -60      8.00    56.00  48.00      1.14
                                                                          114.00  123.00    9.00      3.95
                                                                          146.50  152.50    6.00      5.34
                                                                          158.00  213.00  55.00      0.46
                                                                          219.00  226.00    7.00      1.62
                              62-5      315        315      -60    69.00    91.00  22.00      0.79
                                                                          161.00  169.00    8.00      1.06
                                                                          188.50  191.50    3.00      3.12
      -------------------------------------------------------------------------@@end@@

    3. MAMAY DRILLING PROGRAM

    Due to the positive trenching results reported in a News Release dated  September 6, 2006, a diamond drilling program has commenced to test the  gold-silver mineralization in the Mamay area. This mineralization occurs  within an area measuring 1,000 m by 200 m as outlined by surface trenching  programs completed in 2005 and 2006 (see News Release dated September 6,  2006). The drilling (17 holes for 2,400 m) is planned between Sections 61  and 133; a strike length of 720 m and to a depth of approximately 120 m  below surface. The Mamay area is underlain by a series of metasomatically  altered sediments and andesite intruded by granite and granodiorite. The core samples will be analyzed for copper-zinc-lead-gold-silver.

    4. GOLD PRODUCTION

    Gold production from the Uzboy heap leach mine is expected to be approximately 20,000 oz in 2006, 20% lower than originally projected. Replacement of the former drill and blast contractor delayed mining and  stacking operations resulting in a lower number of tonnes of ore being  stacked for leaching. For the nine months ended September 30, 2006,  approximately 11,700 oz of gold was sold. As of September 30, 2006, the  Company had approximately 20,000 oz of recoverable gold in various stages  of processing for sale.

    Diamond Drilling and Sampling Procedures

    The diamond drilling is completed using a 76 mm diameter core barrel.  Core recovery was 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 are selected based on lithology and intensity of alteration. The  sample interval and sample weight averaged one-meter and 1.9 kilograms  respectively. Sample preparation was completed by Chemical and Analytical  Laboratory Quartz LLP located in Stepnogorsk using the following procedure: core samples are 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 certified in  the Republic of Kazakhstan but does not have an International Standard  Organization 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.

    Alhambra is a Canadian based international production and exploration  company celebrating its fifth year of operations in the Republic of Kazakhstan.

    Alhambra shares trade in Canada on The TSX Venture Exchange under the  symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y.  The Company'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 statements about expected or anticipated  results that are forward looking in nature and, as a result, are subject to  certain risks and uncertainties, such as technical issues, new legislation,  competitive and general economic factors and conditions, uncertainties  resulting from potential delays, changes in plans, the occurrence of  unexpected events and the Corporation's capability to execute and implement  its future plans. Actual results may differ materially from those projected  by management. For such statements, we claim the safe harbor for future looking statements within the meaning of the Private Securities Legislation  Reform Act of 1995.

ots Originaltext: Alhambra Resources Ltd
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: Elmer B. Stewart, President & Chief
Operating
Officer, +1-(403)-228-2855; Ihor P. Wasylkiw, Chief Information
Officer,+1-(403) -508-4953; Jim Clarke, Investor Relations,
+1-888-290-1335 (Toll Free)/ (ALH.)
CO:  Alhambra Resources Ltd.



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