Alhambra Resources Ltd.
TSX VENTURE : ALH

Alhambra Resources Ltd.

November 10, 2005 06:00 ET

Alhambra Confirms Strike Extension of Uzboy West Gold Deposit

CALGARY, ALBERTA--(CCNMatthews - Nov. 10, 2005) - Alhambra Resources Ltd. (TSX VENTURE:ALH) is pleased to provide preliminary results for seven additional diamond drill holes ("DDH") from its ongoing drilling program to define the limits of the gold mineralization in the Uzboy West gold deposit located in north central Kazakhstan. Highlights are as follows:

DDH 33-10 has confirmed the down dip extension of the zone of gold mineralization previously reported on Section 33.

Drill holes 41-3, 41-4 and 41-5 have located the southwest strike extension of the zone of gold mineralization intersected on Section 37. The lower mineralized interval in DDH 41-4 represents the deepest interval of gold mineralization intersected to date in the Uzboy West deposit and demonstrates the considerable vertical extent of the gold mineralization.

DDH 29-09 has intersected the northeast strike extension of the zone of gold mineralization on Section 33.

The results presented below are based on atomic absorption analysis. Fire assaying of samples from within the mineralized intervals will also be completed. Highlights are as follows:

Uzboy West Deposit:

The weighted average grade (using a 0.2 g/t cutoff) of the mineralized core intervals from the seven diamond drill holes are outlined below.



------------------------------------------------------------------------
DDH # Section Dip Azimuth From To Interval Average
(m) (m) (m) Grade g/t
------------------------------------------------------------------------
DDH 53-6 53 -60 135 269 284 15 0.594
------------------------------------------------------------------------
DDH 41-2 41 -60 135 no significant mineralization
------------------------------------------------------------------------
DDH 41-3 41 -60 135 224 237 13 0.91
------------------------------------------------------------------------
DDH 41-4 41 -60 135 288 305 17 0.823
------------------------------------------------------------------------
334 352 18 1.18
------------------------------------------------------------------------
DDH 41-5 41 -60 135 118 125 7 1.06
------------------------------------------------------------------------
DDH 29-09 29 -60 135 59 83 24 1.61
------------------------------------------------------------------------
DDH 33-10 33 -60 135 179 210 31 1.83
------------------------------------------------------------------------
------------------------------------------------------------------------


The locations of the diamond drill holes reported in this new release are shown in Figure -1. A brief description of these holes is as follows:

DDH 29-09 (Figure - 1) is located on Section 29 approximately 40 metres northeast of Section 33. This hole intersected the interpreted strike extension of the gold mineralization on Section 33. The mineralized interval in this hole is open at depth and additional sampling has been completed to determine the width of the mineralized zone. Results will be reported on receipt thereof.

DDH 33-10 located on Section 33 intersected the down dip extension of the gold mineralization in DDH 33-9 (see October 10th, 2005 news release). The zone of mineralization on Section 33 has now been traced from surface to a vertical depth of 180 metres and is open down dip.

Diamond drill holes 41-3, 41-4 and 41-5 (Figure - 1) are located on Section 41 approximately 40 metres southwest of Section 37. These holes intersected the interpreted strike extension of the gold mineralization on Section 37 and demonstrate the strike extension of the gold mineralization to the southwest.

DDH 53-6 is located 160 metres southwest of Section 37.

Diamond drilling on the Uzboy West gold deposit is expected to be suspended in early December 2005. Drilling is expected to commence in January 2006 to continue testing of the depth and strike extent of gold mineralization in either the Uzboy West or Uzboy East gold deposits.

Sampling Procedures:

Sample preparation and atomic absorption analysis 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 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 West Deposit 2005 Diamond Drill Hole Locations available on CCNMatthews' website at: http://www.ccnmatthews.com/docs/1110alh.pdf.

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
    Alhambra Resources Ltd.
    Jim Clarke
    Investor Relations
    Toll Free: 1-888-290-1335
    Website: www.alhambraresources.com