Alberta Star/Fronteer Mobilize a Second Drill to Dixie Lake. Two Drills are now Turning.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 10, 2003 Tim Coupland, President of Alberta Star Development Corp. (ASX ASX See: Australian Stock Exchange ), listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and on the OTCBB OTCBB See OTC Bulletin Board (OTCBB). (ASXSF), and Fronteer Development Group Inc. (FRG-TSX, Frankfurt-FRR) are pleased to announce that a second drill has been mobilized to the Dixie Lake Gold Project. There are currently two drills turning on the Dixie Lake gold project. Fronteer is the operator of the programs during the earn-in phase. Alberta Star has been granted an option to earn up to 50% interest on Fronteer's Dixie Lake Gold Property, situated 25 kilometres south of Placer Dome's Campbell mine and Goldcorp's Red Lake mine in the Red Lake Belt, Ontario. DRILLING PROGRAM ON TARGET-SECOND DRILL MOBILIZED A 10-Hole drill program (2,000+ metres); targeting high grade gold intercepts is going well. It is estimated that 25% of the drill campaign will involve drilling oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. core, a technique that measures the three dimensional orientation of critical gold bearing zones to allow more precise targeting of high grade plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: ore shoots at depth. The drill program is testing the down plunge continuation of high grade plunging ore shoots, as well as testing additional high priority gold targets peripheral to the zone. Drilling is expected to continue well into late November. Assays are pending and will be released when received. Investors can view the progress of the drill program, and view the 3-D Gemcom block model outlining the plunging ore shoots on the company's fully interactive website at www.alberta-star.com. DIXIE LAKE HIGH GRADE GOLD PROJECT The Dixie Lake Property represents one of the most attractive undeveloped resource areas in the Red Lake Gold Belt, which is currently ready for drilling. Of the historical drilling conducted on the Dixie Lake Property by Teck Corporation (from the 88-4 zone), ten intersections ranged from 10g/t to 34.2 g/t gold, 42 intersections ranged from 5 g/t to 10 g/t gold and 113 intersections ranged from 2 g/t to 5 g/t. In addition to being virtually untested below 150 metres, there are clear high grade targets as shallow as 50 metres, and the aeromagnetic data confirms that the 88-4 zone is open along strike. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a Canadian based mineral exploration company that identifies, acquires, and develops advanced staged mineral exploration properties throughout the world. It specializes in properties with strong data bases, that are fully permitted and drill ready for purchase or option. Alberta Star's focus is to acquire properties where due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. has indicated that there is a reasonable expectation of identifying and yielding a world-class deposit for its shareholders. Alberta Star has been actively identifying and targeting several high-grade gold projects that are fully permitted and drill ready, for acquisition in Canada, Mexico and Nevada. ALLAN FELDMAN-INVESTOR RELATIONS Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's In-house Investor Relations Investor relations The process by which the corporation communicates with its investors. and Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Specialist for all corporate updates at (604) 948-9663. On behalf of the Board of Directors of ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President This News Release includes certain "forward looking statements" within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk.. The following are important factors that could cause Alberta Star's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. |
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