Alberta Star Commences Phase III Drilling Program at the Dixie Lake Gold Project.VANCOUVER, British Columbia -- Tim Coupland, President and CEO of Alberta Star Development Corp. (ASX) (OTCBB:ASXSF) (TSX VENTURE:ASX), listed on the TSX Venture Exchange and on the OTCBB (ASXSF), is pleased to announce that it has commenced a Phase III drilling program on the Dixie Lake Gold Project in Red Lake, Ontario. 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 dL deciliter.-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 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 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 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 Chemex, North Vancouver, BC, and Thunder Bay, Ontario using ICP-AES ICP-AES - Inductively Coupled Plasma Atomic Emission Spectrophotometry ICP-AES - Inductively Coupled Plasma Atomic Emission Spectroscopy (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 of 1995. Without limitation, statements regarding potential mineralization 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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