Company Performance Metrics
John J. Komarnicki: Chairman, CEO and Director
Donald D. McKechnie: Vice President of Finance and Chief Financial Officer
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.
The oxide portions of the Uzboy gold deposit extend to a depth of approximately 50 metres below surface. The oxide layer is underlain by sulphide gold mineralization.
