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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.
                    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
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.

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.