Alhambra Resources has announced a maiden NI 43-101 technical report for its Shirotnaia gold deposit in north central Kazakhstan. The project is one of three advanced exploration areas the company is exploring within its 9800sqkm Uzboy gold project.
Results of 73 diamond drill holes over 9597 metres and 43 reverse circulation holes covering 2249 metres are included in the report, with highlights identifying 645,000 ounces of inferred current mineral resources contained in 34.6 million tonnes @ 0.58 grams/tonne gold. The report includes an additional 71,000 ounces of indicated resources contained in 2.9 million tonnes @ 0.76 grams/tonne gold.
Analytical results from the 2011 drilling program and 18 holes completed in 2012 have not been included in the estimate. The company says its planned 2012 drill program at Shirotnaia consists of 35 holes across 4740 metres.
Alhambra has also announced the interpretation of its 1360sqkm ground gravity and magnetic surveys which identified 18 new exploration targets on the emerging Dombraly-Shirotnaia gold trend. Further drilling to test the gold potential of this trend, which is about 50km north from Shirotnaia, is anticipated.
The Uzboy project is in Kazakhstan’s northern metallogenic province which hosts numerous world-class gold deposits. More than 100 mineral targets, including three advanced exploration areas, are contained within Uzboy.