Alhambra Resources Ltd. is engaged in gold exploration and production in the Republic of Kazakhstan. Through subsidiary Saga Creek Gold Corp LLP the Company operates in north central Kazakhstan where it holds the rights to two Licenses which are the subject of an exploration and exploitation Contract between the Company and the Republic of Kazakhstan. The Licenses, collectively covering 2.7 million acres, make up the Uzboy Project and give the Company the right to explore for all metals, including gold, uranium, copper and molybdenum. Within the Uzboy Project the Company’s focus is the Uzboy Gold Deposit, at which commercial open pit mining operations commenced in 2006.
Alhambra Resources Ltd. Year 2010 Financial and Operational Results (news release)
John Komarnicki on Company Execs Online, February 28th, 2011
The Uzboy Project is located in northern Kazakhstan’s Altynshan Gold Belt, which hosts seven multi-million ounce gold deposits. The east-west Shatskaya trend crosses the northern part of the Project and hosts the world-class Vasilkovoskoe gold deposit, 12 kilometers west of the Project. Within the Project, the Uzboy Gold Deposit is located in the Shatskaya trend. The north-south Aksu-Bailusti trend crosses the east side of the Project and hosts the world-class Aksu gold deposits 3 kilometers south of the Project. The former Dombraly Gold Mine, which is located within the Project, is also in the Aksu-Bailusti trend. A third trend crosses the Project in the vicinity of the former Stepnyak mine, located within the Project.
Both disseminated and quartz vein style gold mineralization occurs within the Project. Alhambra Resources is focusing on disseminated style gold mineralization such as the mineralization being explored in the Uzboy Gold Deposit. The gold mineralization in the Uzboy Gold Deposit is hosted in a broad zone of sheared quartz-sericite-pyrite altered andesite. Localized in the zone of alteration and shearing is the gold mineralization.
The Uzboy Gold Deposit consists of a West Zone and an East Zone. Diamond drilling completed on the West Zone and East Zone to the end of December 2007 intersected gold mineralization to depths of 415 meters and to a depth of 230 meters respectively. The gold mineralization in both zones is open at depth.
The gold mineralization at the Uzboy Gold Deposit is separated into three main classifications: oxide, transitional and primary (sulphide). Oxide mineralization is located at the surface and extends to a vertical depth of approximately 50 meters.
The following tables provide a summary of classified resources for the two zones (effective as of December 31, 2006):
The following tables summarize oxide and transitional reserves for the two zones (effective as of December 31, 2006):
(All preceding tables from Resource and reserve estimation study on the Uzboy Gold Deposit, Akmola Oblast, Kazakhstan, for Alhambra Resources Limited by ACA Howe International Ltd., 2nd June 2008.)
During 2004 Alhambra Resources completed exploration of the oxide portion of the Uzboy Gold Deposit. Mining operations began in July 2004. Infrastructure was built to run a large scale heap leach test of the gold mineralization in the oxide portion. Test leaching operations began in December 2004. During 2005 the Company continued test leaching operations and constructed two leach pads. Test leaching continued until May 1, 2006 when commercial operations were declared.
In September 2006 the Company commissioned its gold recovery plant, which is located in Stepnagorsk approximately 120 kilometers to the southeast of the Uzboy Gold Deposit, in order to have control of its gold production.
The ore at the heap leach mine is run of mine material. Gold is recovered at the plant using ion resin adsorption/desorption techniques and electrowinning methods.
Apart from the Uzboy Gold Deposit open pit mine, the Uzboy Project contains a number of exploration projects.
The Dombraly Project lies approximately 80 kilometers southeast of the Uzboy Gold Deposit. The oxide portion of the Dombraly Project (to 30 meters in depth) has undergone considerable exploration since the discovery of this deposit in 1952. Open cast mining of this deposit was carried out during the period 1985-1988. Saga Creek Gold Company LLP explored the Dombraly area during the period 2002-2006, including exploration of the mineralization under the open pit level and sampling of backfill material stored in a waste dump. The potential exploration target in the oxide portion at Dombraly may range from 5 to 7 million tonnes with gold grades in the range 1.40 - 1.80 grams per tonne. Insufficient exploration has been done to define a mineral resource therefore these figures are conceptual in nature.
The Shirotnaia Project is located approximately 100 kilometers to the southeast of the Uzboy Gold Deposit. Exploration by Alhambra Resources beginning in 2002 has led to the identification of a gold mineralization zone with a complicated shape trending to the northeast and dipping to the northwest.
Corporate Profile on Stockhouse
John J. Komarnicki P.Eng.
Chairman & CEO
Mr. Komarnicki holds a Bachelor of Science Degree in Chemical Engineering from the University of Toronto and has 37 years of experience in the resource sector. He is currently Director, Chairman and CEO of Alhambra Resources Ltd. He has been Chairman of Alhambra Resources Ltd. since 2001.
Between 1999 and 2005, Mr. Komarnicki was President and CEO of Tartan Energy Inc., a Canadian based oil and gas exploration and development company focusing its activities on California, USA and Central Asia. The company was sold in 2005 to a private international energy company.
From 1989 to 1998, Mr. Komarnicki was President and CEO of Hurricane Hydrocarbons Ltd., a junior Canadian oil and gas exploration, development and production company doing business in Kazakhstan. Hurricane Hydrocarbons, later called PetroKazakhstan, was successful in winning the first major state energy privatization tender in 1995. From 1973 to 1988, Mr. Komarnicki held positions of increasing responsibility in technical and management positions in the Canadian oil and gas industry.
Mr. Komarnicki is a member of the Association of Petroleum Engineers, Geologists and Geophysicists of Alberta, and a past president of the Canadian Gas Processors Association. In 1998, he was recognized as the Prairie Region Entrepreneur of the Year for his achievements in developing Hurricane Hydrocarbons from a junior energy company into a significant oil producer in Kazakhstan.
Ihor P. Wasylkiw P.Eng.
Vice President & CIO
Mr. Wasylkiw is a Professional Engineer with 30 years of experience in the oil, gas, mining, and securities industries. He has held both technical and managerial positions and has worked internationally.
Mr. Wasylkiw was appointed Vice-President and Chief Information Officer of Alhambra Resources Ltd. on January 7, 2006. For seven years prior to this appointment, Mr. Wasylkiw held the position of Vice President Investor Relations for PetroKazakhstan Inc., an integrated energy company engaged in the exploration, development and production of oil and gas, refining of oil and sale of oil and refined products in Kazakhstan.
Mr. Wasylkiw holds a Bachelor of Science Degree (Honors) in Mechanical Engineering from the University of Manitoba. From 1979 to 1992, Mr. Wasylkiw worked for Shell Canada Limited in various technical and managerial positions. In 1992, he joined Total Gestion Internationale in Paris, France and worked in Russian and Tatarstan where he held the positions First Deputy Director General and Advisor to the Director General.
Upon his return to Canada, Mr. Wasylkiw spent four years in the investment sector, two years with Research Capital Corporation as a Senior Oil and Gas Analyst.
Mr. Wasylkiw is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and the Canadian Investor Relations Institute. He has been the recipient of the Canadian Petroleum Association Distinguished Service Award.