Alhambra expands Shirotnaia discovery and drills 135.6 metres at 1.12 g/t gold
Thursday, Nov 15, 2012
Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINKSHEETS:AHBRF)
Shirotnaia is one of three advanced exploration project areas Alhambra is exploring within its 9,800 square kilometre ("km2") (2.4 million acre) Uzboy Gold Project located in north central Kazakhstan (see location map, Figure 1). Shirotnaia is immediately adjacent to the multi-million ounce Aksu and Quartzite Hills gold deposits currently being mined by KazakhGold Group Limited ("KazakhGold").
Mr. John J. Komarnicki, Alhambra's Chairman and Chief Executive Officer stated, "These latest Shirotnaia results are very encouraging. The presence of 100 gram-meter intervals of gold from surface is a strong indication of upside potential for Shirotnaia. We are now delivering considerable thickness of potentially economic grades in several areas, and the strike length for this higher-grade zone is now over a kilometre. We expect to see the Shirotnaia resource grow and the grade to improve as our technical team continues with exploration drilling. The Shirotnaia deposit is likely to be a significant gold system on a standalone basis, and it is just one of a number of targets Alhambra will advance over the next year."