Alhambra Resources Ltd.

Alhambra Resources Ltd. ("Alhambra" or the "Corporation") is a Canadian based exploration and gold production corporation. Operating through its wholly owned subsidiary, Saga Creek Gold Corp LLP ("Saga Creek") Alhambra is in its eighth year of operations in the Republic of Kazakhstan. Saga Creek holds the rights to two Licenses that have an initial term of 25 years granted by the Republic of Kazakhstan in 1997. These Licenses are the subject of an exploration and exploitation Contract between Saga Creek and the Republic of Kazakhstan. The initial term of these Licenses expires in the year 2022. Pursuant to the Subsoil Use laws of the Republic of Kazakhstan, the terms of these Licenses can be extended for up to an additional 20 years.

 

The main asset of the Corporation is its 100% working interest in the 2.4 million acre Uzboy Project (the "Project") located in a prolific gold belt located in north central Kazakhstan which hosts numerous world-class gold deposits. The Corporation commenced commercial operations at its 100% owned of Uzboy heap leach mine effective May 1, 2006.

 

Current mining operations are being conducted on the oxide portions of the East zone of the Uzboy gold deposit that extends to a depth of approximately 50 metres below surface. The oxide layer is underlain by sulphide gold mineralization.

 

Since 2005, Alhambra has been exploring a number of the more than 100 exploration targets located within the Project that have been identified to date.


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