Alberta Star Contracts Terraquest Ltd. to Perform a Regional High Resolution Radiometric Survey Over the Entire Eldorado & Contact Lake IOCG & Uranium Belts.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 -- 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) is pleased to announce that the company has contracted Terraquest Ltd. to perform a Regional High Resolution Aeromagnetic Gradiometer-Radiometric Survey over its Eldorado, Contact Lake IOCG IOCG Iron Oxide Copper Gold IOCG International Organization for Crystal Growth & uranium project this summer. This large airborne geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. will consist of 16,708 line-kilometers at 100 meter line spacings and will begin in late June. The Terraquest radiometric survey is considered one of the industry's finest tools to enhance uranium exploration capabilities by showing high definition conductive uranium targets. The Terraquest airborne survey will be conducted using a King Air 90 gradiometer radiometric equipped aircraft, .and will cover a large regional area from south of Contact Lake and north of the Port Radium/Eldorado uranium belt. The survey will be performed under the supervision of Jan Klein Jan Klein (born 1936) is a Czech-American immunologist, best known for his work on the major histocompatibility complex (MHC). External links
Tim Coupland, President & 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. commented: "This will be one of the largest regional airborne surveys ever conducted over this region using 21st century geophysics. This survey will allow Alberta Star to properly evaluate the mineral potential of the Eldorado & Contact Lake IOCG & uranium belts in the Great Bear Lake region of the Northwest Territories. Alberta Star intends to develop an area with a history of high grade mineral production that is recognized by geologists to be one of the most prospective IOCG areas anywhere in the world. The Port Radium-Eldorado uranium district was one of the top uranium producing areas in Canada during the 1930's and 1940's, with over 15 million pounds of historic uranium production. Alberta Star has now completed one full season of comprehensive exploration in this area and has confirmed the presence of high grade copper, gold, silver, cobalt, nickel, bismuth bismuth (bĭz`məth) [Ger. Weisse Masse=white mass], metallic chemical element; symbol Bi; at. no. 83; at. wt. 208.9804; m.p. 271.3°C;; b.p. about 1,560°C;; sp. gr. 9.75 at 20°C;; valence +3 or +5. and 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. . This regional land package, which contains six former and past producing silver and uranium mines, allows Alberta Star and its geological team to gain maximum exposure while drilling to a wide spectrum of 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. and uranium. It is planning a large drill program for the 2006-2007 seasons. Alberta Star has assembled a highly regarded IOCG & uranium technical group of experts with advanced uranium exploration expertise that will oversee the direction of the project." DRILLING 15,000 METER DRILL PROGRAM-CONTACT LAKE IOCG & URANIUM PROJECT A recently completed interpretation report by Dr. Hamid Mumin of Brandon University, covering the various geophysical data sets and available geological information relating to the Contact Lake property recommends the execution of comprehensive exploration program for 2006. The program will include additional ground and airborne geophysics such as localized Induced Polarization/Resistivity (IP/Res) geophysics over selected portions of the high-amplitude magnetic anomalies, mapping, line-cutting and then followed by a comprehensive 15,000 meter drill program at Contact Lake, targeting the high-priority areas. The scheduled holes will be drilled to an average depth of 200-500 meters per-hole using a Boyles 25A. Drilling is expected to commence in mid to late April 2006. CONTACT LAKE-5 YEAR CLASS "A" DRILLING PERMIT ISSUED-FULLY PERMITTED Alberta Star has been granted a five year Sahtu Land & Water Board Class "A" Land Use Permit for diamond drilling on the Contact Lake Project. The diamond drilling permit is valid until August 24, 2010. Alberta Star is the first mineral exploration company in over 10 years to receive a Class "A"-5 Year drill permit in the Great Bear Lake Sahtu Dene dene n. Chiefly British A sandy tract or dune by the seashore. [Possibly East Frisian düne, a sand dune; akin to dune. Land settlement area for mineral exploration and diamond drilling. Alberta Star is fully permitted for diamond drilling in the Sahtu Dene Land Settlement Area at Contact Lake. CONTACT LAKE IRON OXIDE The material used to coat the surfaces of magnetic tapes and lower-capacity disks. COPPER, GOLD, SILVER AND URANIUM PROJECT The Contact Lake project is located 5 km southeast of Port Radium on the east side of Great Bear Lake Northwest Territories and 670 kilometers north of the city of Yellowknife. The total size of the Contact Lake project and surrounding area is over 51,473.96 acres in size. The Contact Lake Project is located 5 kilometers from two past producing high grade silver and uranium mines, the Echo Bay Silver Mine which produced 23,779,178 ounces of silver and the Eldorado Uranium Mine which produced 15 million pounds of uranium and 8 million ounces of silver. The Contact Lake Mine is a former past producer of silver and high grade uranium. The Contact Lake Mineral belt encompasses an extremely mineral rich portion of the Great Bear Magmatic Zone, as evidenced from the production records of six former past producing silver and uranium mines in the area. The five past producing silver and uranium mines include the Echo Bay Silver Mine, Eldorado Uranium Mine, Contact Lake Silver and Uranium Mine, Bonanza and El Bonanza Silver and Uranium mines and are now included within Alberta Star's land package ownership. Alberta Star is the first mineral exploration company in 75 years to successfully stake, acquire and control one entirely contiguous land package in this mineral rich region. The Contact Lake Mineral Belt is approximately 15 kilometers long and is recognized by geologists, as one of the most prospective Iron oxide copper, gold, silver and uranium regions located anywhere in the world. The current spot price for uranium is now $40.00 US as of March 20, 2006. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a Canadian mineral exploration company that identifies, acquires, and finances advanced stage exploration projects in Canada. Alberta Star is focusing in the discovery of base and precious metals and uranium deposits. 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 Dr. Hamid Mumin Ph.D., P.Eng. is the qualified person for the Contact Lake 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 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. does not accept responsibility for the ad equacy or accuracy 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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