Alhambra Reports Resource Estimate for Shirotnaia Gold Deposit; Shares Down 3% to Near Year Lows

By Midnight Trader, April 16, 2012, 12:20:58 PM EDT

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Alhambra Resources Ltd. (ALH.V) today reported gold resource estimate for its 100% owned Shirotnaia gold deposit.

Highlights:

- 645,000 ounces of Inferred current mineral resources contained in 34.6 million tonnes grading 0.58 grams per tonne gold were identified

- An additional 71,000 ozs of Indicated current mineral resources contained in 2.90 million tonnes grading 0.76 g/t Au were identified

ALH is now down by about 3% at 36 cents, almost hitting day low 34 cents. Over 38,000 ALH shares have changed hands.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing, Commodities

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