Alhambra Resources Ltd.
TSX VENTURE : ALH

Alhambra Resources Ltd.

July 26, 2005 06:00 ET

Alhambra Confirms High-Grade Gold Mineralization at Uzboy West Zone

CALGARY, ALBERTA--(CCNMatthews - July 26, 2005) - Alhambra Resources Ltd. (TSX VENTURE:ALH) is pleased to provide preliminary results on 10 diamond drill holes completed on the Uzboy gold project located in north central Kazakhstan. The results presented in the table below are based on atomic absorption analysis. Fire assaying of samples from within the mineralized intervals will also be completed.

Highlights are as follows:

Diamond drill hole 37-8 intersected a weighted average of 7.90 g/t gold over an interval of 47.0 meters which includes 11.86 g/t gold over an interval of 21.0 metres. This hole confirmed the historical results in the upper portion of drill hole 96-17 (see news release dated June 27th, 2005 for historical results) and extended this zone of gold mineralization. The fire assay results for these holes have not yet been received.

Uzboy West Diamond Drilling:

The weighted average grade (using a 0.2 g/t cutoff) of the mineralized intervals based on atomic absorption analysis from 10 diamond drill holes completed on the Uzboy west zone in 2005 are outlined below.



From To Interval Average
DDH # Section Dip Azimuth (m) (m) (m) Grade g/t
------------------------------------------------------------------------
DDH 53-3 53 -60 135 197 205 8 6.71
------------------------------------------------------------------------
DDH 45-3 45 -60 135 132 139 7 0.89
------------------------------------------------------------------------
DDH 45-4 45 -60 135 194 235 41 0.25
------------------------------------------------------------------------
DDH 45-5 45 -60 135 200 282 82 0.21
------------------------------------------------------------------------
DDH 37-8 37 -60 135 55 102 47 7.90
includes 55 76 21 11.86
includes 83 86 3 24.4
------------------------------------------------------------------------
DDH 37-7 37 -60 135 27 37 10 2.74
83 137 54 1.10
includes 82 92 10 1.67
------------------------------------------------------------------------
DDH 37-6 37 -60 135 0 27 27 1.02
30 60 30 0.96
71 75 4 0.95
107 117 10 1.67
------------------------------------------------------------------------
DDH 29-7 29 -60 135 72 93 21 1.14
97 105 8 0.55
------------------------------------------------------------------------
DDH 29-8 29 -60 135 148 164 16 1.20
------------------------------------------------------------------------
DDH 13-5 13 -60 135 4 28 24 0.68
55 80 25 1.04
91 110 19 1.91
------------------------------------------------------------------------


All samples that yielded greater than 0.4 g/t gold utilizing atomic absorption analysis have been submitted for fire assay. The fire assay results for these samples have not been received.

The first round of drilling on the Uzboy west zone was designed to either test or confirm specific targets indicated by previous historical drill holes indicated in black along and in proximity to section 37 and zones of gold mineralization found in the bottom of the Uzboy west test pit (holes 13-5, 29-8 and 29-7) see Figure -1. The drilling program was successful and achieved the following:

Diamond drill hole 37-8 (see Figures 1 & 2) was drilled to confirm the historical results in the upper zone of gold mineralization (3.70 g/t gold over 67.70 metres) in DDH 96-17. Drill hole 37-8 (Figure -2) intersected a weighted average grade of 7.92 grams of gold per tonne over an interval of 47.0 metres which includes two high grade zones of 11.86 g/t over 21 metres and 24.4 g/t over 3 metres. These results correlate well with the historical results (3.70 g/t gold over 67.7 metres) in the upper mineralized zone in drill hole 96-17. DDH 37-8 confirmed the historical results in the upper portion of DDH 96-17 and extended this zone of gold mineralization approximately 40 metres to the northwest. This zone is open down dip and along strike.

Diamond drill holes 37-7 and 37-6 have demonstrated the continuity (estimated to be approximately 140 metres) of the gold mineralization between the diamond drill holes previously completed by Alhambra (drill holes 37-3, 37-4 and 37-5) on section 37 in 2003 (see Figure - 2). The mineralization in this portion of section 37 is also exposed in the floor of the Uzboy west test pit. This zone of mineralization is open along strike and to the southwest.

Diamond drill hole 53-3 intersected gold mineralization on section 53 a distance of 160 metres southwest of section 37. This zone of mineralization is interpreted to be the extension of the gold mineralization located on the southeast side of the Uzboy zone.

Diamond drill holes 45-3, 45-4 and 45-5 were completed on the same section approximately 80 metres southwest of section 37. DDH 45-3 intersected a narrow interval of gold mineralization that appears to widen at depth in DDH 45-4 and 45-5. Gold values in drill holes 45-4 and 45-5 range from 0.05 to 3.25 g/t. This zone of mineralization is interpreted to be separate from the higher grade zone intersected in drill hole 96-17.

Diamond drill hole 29-7 and 29-8 intersected the down dip extension of the gold mineralization exposed in the southeast portion of the Uzboy west pit floor on section 29 which is located approximately 80 metres northeast of section 37.

Diamond drill hole 13-5 located approximately 240 metres northeast of section 37 intersected three zone of gold mineralization. These intersections are especially significant in that they are not exposed in the floor of the Uzboy west test pit. The mineralization intersected in this drill hole is open to the northeast and to the southwest

The preliminary interpretation of the historical drilling results and the analytical results received to date in 2005 for section 37 is that two distinct and possibly overlapping zones of gold mineralization occur within the Uzboy west zone (see Figure - 2).

Diamond drilling (utilizing 2 diamond drills comprising a minimum of 5,000 metres in 15 drill holes) has resumed on the Uzboy west zone. This phase of drilling will concentrate on the southwest portion of the Uzboy west zone between section 37 and section 61 (horizontal distance of 240 metres) and is designed to determine the strike direction, true width and dip of the zone of high grade gold mineralization intersected in DDH 37-8, to confirm the lower zone of high grade gold mineralization in DDH 96-17 (see Figure - 2) and to test the strike extension of the gold mineralization located in diamond drill holes 53-3. Analytical results for the diamond drill holes completed during the next phase of drilling on the Uzboy west zone will be reported when received.

Diamond Drilling and Sampling Procedures:

The diamond drilling on the Uzboy West zone was 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 was 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 certified in the Republic of Kazakhstan but does not have an International Standard Organization rating.

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 fire assay.

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 exploration programs completed on the Uzboy Property. Mr. Stewart has reviewed and verified the technical information contained in this news release.

This document 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.

There are maps of the Uzboy Project available on CCNMatthews' website at: http://www2.ccnmatthews.com/database/fax/2000/726alh1.jpg and
http://www2.ccnmatthews.com/database/fax/2000/726alh2.jpg

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Alhambra Resources Ltd.
    Elmer B. Stewart
    President & Chief Operating Officer
    (403) 228-2855 or Toll Free: 1-888-290-1335
    or
    Alhambra Resources Ltd.
    Jim Clarke
    Investor Relations
    (403) 228-2855 or Toll Free: 1-888-290-1335
    Website: www.alhambraresources.com