Alberta Star Commences Phase III Drilling Program at the Dixie Lake Gold Project.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Tim Coupland, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alberta Star Development Corp. (ASX ASX See: Australian Stock Exchange ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASXSF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASX), 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 (ASXSF), is pleased to announce that it has commenced a Phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA drilling program on the Dixie Lake Gold Project in Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. . To date 17 diamond drill holes totaling 4,500 metres have been drilled by Alberta Star and its partner Fronteer Development Group. All drill holes intersected and expanded the gold bearing 88-4 zone, and seven of the holes delineated the upper section of a new high grade gold shoot that is open down plunge and continues to improve with higher grades and greater widths at depth. The deepest drill hole to date (DL-04-06) intersected this new shoot at 321 vertical metres and returned 11 g/t gold over 8.2 metres including 15.1 g/t gold over 5.1 metres. The current exploration program will include approximately 3,000 metres of drilling to further test the down plunge extension of this new high grade gold shoot. A property-wide MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. survey will also be undertaken as a part of the Phase III exploration program in order to identify other gold bearing drill targets on the property. Drilling highlights within this shoot are shown in the table below: -------------------------------------------------------------------- Drill Hole Core Length (metres) Gold (g/t) -------------------------------------------------------------------- DL-04-01 2.0 11.1 -------------------------------------------------------------------- DL-04-02 1.0 10.3 -------------------------------------------------------------------- DL-04-04 4.0 11.0 -------------------------------------------------------------------- including 2.1 18.5 -------------------------------------------------------------------- DL-04-05 2.0 7.4 -------------------------------------------------------------------- including 1.1 11.2 -------------------------------------------------------------------- DL-04-06 8.2 10.9 -------------------------------------------------------------------- including 5.1 15.1 -------------------------------------------------------------------- including 2.3 27.7 -------------------------------------------------------------------- DL-04-07 1.8 5.0 -------------------------------------------------------------------- DL-03-06 4.3 5.8 -------------------------------------------------------------------- including 0.9 12.0 -------------------------------------------------------------------- DL-03-08 4.0 12.5 -------------------------------------------------------------------- including 1.5 24.7 -------------------------------------------------------------------- DL-89-09 2.8 15.6 -------------------------------------------------------------------- DIXIE LAKE GRADE GOLD PROJECT 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. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a leading Canadian mineral exploration company that identifies, acquires, finances and develops advanced staged gold properties throughout the North America. Alberta Star is primarily focused on the discovery of gold. It specializes on gold 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 proper 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. 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 Specialist, for all corporate updates at (604) 948-9663. On behalf of the Board of Directors of ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President & CEO These results have been prepared under the guidance of Dr Mark O'Dea P.Geo, who is designated as a Qualified Person with the ability and authority to verify the authenticity of and validity of this data. All core samples were analyzed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex, North Vancouver, BC, and Thunder Bay, Ontario using ICP-AES ICP-AES Inductively Coupled Plasma Atomic Emission Spectroscopy ICP-AES Inductively Coupled Plasma Atomic Emission Spectrophotometry (inductively coupled plasma-atomic emission spectroscopy) and fire assay. This News Release includes certain "forward looking statements" within the meaning of the United States 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. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion