🕐10.08.11 - 16:27 Uhr
ALHAMBRA RESOURCES LTD (ALH - TSX VENTURE) NEWS RELEASE DATED AUGUST 10, 2011; U ZBOY CORE DRILLING INCREASES POTENTIAL DEPOSIT SIZE
Dear Investor,
Please find attached the Alhambra Resources Ltd.
(ALH - TSX Venture) news
release which was distributed earlier this morning titled, "Uzboy Core
Drilling Increases Potential Deposit Size by Extending Gold Mineralization
in Four Zones From 50 to 160 Metres".
CALGARY, Alberta - Alhambra Resources Ltd.
(TSX Venture: ALH) ("Alhambra" or
the "Corporation"), an international gold producer and explorer, announces
that its core drilling program has extended the strike length of four zones
of gold mineralization at its Uzboy gold deposit ("Uzboy") which the
Corporation anticipates should lead to an increase in gold resources.
HIGHLIGHTS
.
A 42 core hole drilling program has been completed of which 35
holes have been assayed (see Figure 2),
.
Broad intervals of low-grade gold mineralization were intersected
in 30 of 35 holes (86% success),
.
Drilling has successfully extended the strike length of four zones
of gold mineralization from 50 to 160 m in length (see Figure 3),
.
The mineralization in these four zones located on the southwest
flanks of the West and East Uzboy gold deposits is open along strike and
down dip and demonstrates the potential to expand mineralization size and
intersect higher grade gold mineralization,
.
The gold mineralization of the East Uzboy deposit continues in the
direction of the West Uzboy deposit and could be part of a single large gold
system,
.
Collected data will allow Alhambras independent geological
consultants ACA Howe to update the National Instrument ("NI") 43-101
resource estimate report for Uzboy and, considering the drilling results, an
increase of its current gold resources is expected.
"We are very excited about the positive Uzboy drilling results," stated John
J.
Komarnicki, Alhambras Chairman and CEO, "We have successfully extended
four zones of gold mineralization and discovered numerous zones of low-grade
oxide mineralization which should translate into a longer mine life.
We
believe these discoveries and extensions will lead to an increase in gold
resources as well as an increase in the potential deposit size of the area
around the Uzboy gold deposits."
For more details, please read the attached.
I can be reached at +1 (403) 508-4953 if you have any questions.
Best regards,
Ihor P.
Wasylkiw
VP & Chief Information Officer
Alhambra Resources Ltd.
www.alhambraresources.com
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