Alberta Star Completes the Purchases of the 100% Wholly Owned MacInnis Lake Uranium Project in Canada's Northwest Territories.VANCOUVER, British Columbia -- Alberta Star Development Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASX ASX See: Australian Stock Exchange )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASXSF) - 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), 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 the company has completed the purchase of its 100% interest in 15 mineral claims totaling 26,184.64 acres at the MacInnis Lake Uranium Project located in Canada's Northwest Territories. MACINNIS LAKE URANIUM PROJECT - 100% WHOLLY OWNED BY ALBERTA STAR The MacInnis Lake uranium claim block, is located in the Nonacho Basin 150 km northeast of Fort Smith, Northwest Territories Fort Smith (Slavey language: Thebacha "beside the rapids") is a town in the South Slave Region of the Northwest Territories, Canada. It is located in the southeastern portion of the Northwest Territories, on the Slave River and adjacent to the NWT/Alberta border. and 275 km southeast of the city of Yellowknife, is now comprised of 26,184.64 acres, and consisted of two separate property acquisitions. The Northwest Territories is recognized worldwide as a large former uranium producer. Alberta Star's management believes the company will be recognized as a leader in Canadian uranium exploration with its recent uranium property acquisitions complete with historical archived uranium exploration work and drill datasets. THE MACINNIS LAKE URANIUM PROJECT The Macinnis Lake uranium claim block is known to have widespread surface uranium 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 contains 28 known high grade uranium showings that were discovered between 1954 and 1988. All uranium exploration and drilling datasets have been archived and recorded by the Geological Survey of Canada in Yellowknife. Alberta Star, under the direction of Jan Klein M.Sc., P. Eng., P. Geo its consulting geophysicist, is currently finalizing the planning of a Megatem airborne geophysical survey over the MacInnis Lake Property. The large scale and high transmitter power of this system allows for deep penetrating exploration in the search for uranium deposits associated with graphitic conductors. Inversion modeling of the data will map the large foot prints associated with of these types of deposits. Further detailed airborne surveys will be conducted on the property later on this spring prior to drilling. Alberta Star is currently preparing a comprehensive spring, summer exploration program on the property to explore and expand known uranium drill targets on the property. Erik Ostensoe, P.Geo. is the Qualified Person responsible for the technical information contained within this news release on the MacInnis Lake Uranium Project. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a leading Canadian mineral exploration company that identifies, acquires, finances advanced stage exploration projects in Canada. Alberta Star is currently focused in the discovery of uranium, base and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. . 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. ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President & CEO Erik Ostensoe P.Geo is the qualified person for the MacInnis Lake uranium project. 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 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. Alberta Star Development Corp. (TSX VENTURE:ASX) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ASXSF) |
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