Alhambra Resources Ltd. - Operational Updates

Geschrieben am 05-10-2006

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


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.


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

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:


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


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.


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

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

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.de

For further information: Elmer B. Stewart, President & Chief
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.


Leider liegen uns zu diesem Artikel keine separaten Kontaktinformationen gespeichert vor.
Am Ende der Pressemitteilung finden Sie meist die Kontaktdaten des Verfassers.

Neu! Bewerten Sie unsere Artikel in der rechten Navigationsleiste und finden
Sie außerdem den meist aufgerufenen Artikel in dieser Rubrik.

Sie suche nach weiteren Pressenachrichten?
Mehr zu diesem Thema finden Sie auf folgender Übersichtsseite. Desweiteren finden Sie dort auch Nachrichten aus anderen Genres.


Weitere Informationen erhalten Sie per E-Mail unter der Adresse: info@bankkaufmann.com.

@-symbol Internet Media UG (haftungsbeschränkt)
Schulstr. 18
D-91245 Simmelsdorf

E-Mail: media(at)at-symbol.de


weitere Artikel:
  • Die Experton Group wird exklusiver Research Partner des cioforum München (ots) - Das cioforum, die führende non-Profit-Kommunikationsplattform für IT-Entscheider im deutschsprachigen Wirtschaftsraum und die Experton Group haben eine exklusive Kooperation vereinbart. Das cioforum bietet für den Chief Information Officer (CIO) und IT-Executives in Deutschland, Österreich und der Schweiz eine hochkarätige Kommunikationsplattform. Eines der Ziele ist es, den wirtschaftlichen Einsatz von Informations- und Kommunikationstechnologie zu fördern. Vor diesem Hintergrund wurde eine weit reichende Kooperation mehr...

  • Senior Vice President von Universal Pictures hält Vortrag bei FID von iSuppli El Segundo, Kalifornien (ots/PRNewswire) - Die iSuppli Corp. freut sich, bekannt zu geben, dass Jerry Pierce, Senior Vice President of Technology bei Universal Pictures, als Sitzungshauptredner bei der Konferenz Flat Information Displays North America 2006 (FID 2006) von iSuppli im November teilnehmen wird. Der Anstieg des digitalen Medienvertriebs hat tiefgreifende Auswirkungen, sowohl auf Hollywood als auch auf das High-Tech-Geschäft. Als Vice President of Technology eines der weltweit grössten Unterhaltungsmedienunternehmens ist Pierce mehr...

  • euro adhoc: Thielert AG / Sonstiges / Thielert weist die von der SdK verbreiteten Betrugsvorwürfe schärfstens zurück -------------------------------------------------------------------------------- Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich. -------------------------------------------------------------------------------- 05.10.2006 Hamburg - Die Thielert AG weist die heute durch die SdK verbreiteten Betrugsvorwürfe vollumfänglich und schärfstens zurück und stellt fest: - Die Thielert AG hat bei der Staatsanwaltschaft Hamburg Strafanzeige gegen Unbekannt gestellt. Sie wird sich mit allen zur Verfügung mehr...

  • Rekordauftrag für Otis in Dänemark Farmington, Connecticut (ots/PRNewswire) - Otis Elevator Company, eine Tochtergesellschaft der United Technologies Corp. (NYSE: UTX), liefert 62 Gen2 Comfort Aufzüge für ein neues Appartementgebäude in Orestad, einem neuen Vorstadtbezirk Kopenhagens. Auftraggeber ist Hoffmann A/S, eine Tochtergesellschaft der Veidekke-Gruppe - einem der führenden skandinavischen Bau- und Entwicklungsunternehmen. Für Otis ist dies der bisher grösste Einzelauftrag aus Dänemark. "Unsere Geschäftsbeziehung mit Otis besteht bereits seit viele Jahren mehr...

  • "Diese Entscheidung ist nicht akzeptabel" / Zehntausende Arbeitsplätze und die Interessen der Europäischen Konsumenten fallen protektionistischen Tendenzen zum Opfer Brüssel (ots) - Mit einem denkbar knappen Votum wurde heute von den EU-Mitgliedsstaaten die Einführung von Anti-Dumping Zöllen auf Schuhimporte aus China und Vietnam beschlossen. "Diese Entscheidung werden wir nicht akzeptieren." erklärt Paul Verrips, Präsident des Verbandes der Europäischen Schuhimporteure und Handelsketten (FAIR). "Sie ist gegen die Interessen der Europäischen Konsumenten und wird in unserer Branche zum Verlust von zehntausenden Arbeitsplätzen führen." Für Schuhimporte aus China werden die Zölle 16,5 Prozent betragen und Schuhe mehr...

Mehr zu dem Thema Finanzen

Der meistgelesene Artikel zu dem Thema:

Century Casinos wurde in Russell 2000 Index aufgenommen

durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Sehr gut