UPDATE: Alhambra Resources At Day Highs After Finding Higher-Grade Gold Mineralization
Alhambra Resources Ltd. (ALH.V), which was slightly below 50-day SMA 44 cents at yesterday's close, is now trading at the higher end of a $0.435 to $0.45 range after advancing almost 4%. This was after announcing earlier today the assay results for 46 diamond drill holes completed at its 100% owned advanced exploration drilling target at the Shirotnaia project area.
The international gold producer and explorer said diamond drilling has expanded the dimensions of the area hosting the currently known zones of gold mineralization to 1,800 meters by 750 m, and remains open in 3 directions and depth.
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