Alberta Star Development Corp.: Deeper Drilling at Dixie Lake Returns 8.2 Metres of 11.0 g/t Gold-Including 5.1 Metres of 15.1 g/t Gold.News Editors/Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 20, 2004 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 ), 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), is pleased to report that hole DL-04-06 has intersected a wider, higher grade down plunge extension of the 88-4 zone that returned 8.2 metres of 11.0 g/t gold including 5.1 metres of 15.1 g/t gold at a vertical depth of 321 metres. The drill holes completed to date continue to confirm the continuity of a newly defined high grade gold shoot that is open down plunge and continues to improve with higher grades and greater widths at depth. DRILLING RESULTS Results from holes DL-04-05 and DL-04-06 are as follows: - Hole DL-04-06- returned 8.2 metres of 10.9 g/t gold including 5.1 metres of 15.1 g/t gold and 2.3 metres of 27.7 g/t gold. This zone was intersected at a vertical depth of 321 metres. - Hole DL-04-05- returned 2.1 metres of 7.4 g/t gold including 1.1 metres of 11.2 g/t gold. This zone was intersected at a vertical depth of 236 metres. Currently, a gold shoot characterized by a greater than 20 grams x metres cutoff is defined by 15 drill holes with an average distance between holes of 50.8 metres. The shoot has an average strike length of approximately 110 metres, an average width of 4.9 metres and is defined from near surface down to 350 vertical metres. It remains open at depth. Within this shoot, eight holes have intersected high grade gold 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. , seven of which have been drilled by Alberta Star over the past 7 months, and one which was drilled by Teck Corporation in 1989. Drilling highlights within this shoot are shown in the table below.
Drill Hole Width Gold Gold
(metres) (g/t) (oz/ton)
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DL-04-01 2.0 11.1 0.32
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DL-04-02 1.0 10.3 0.30
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DL-04-04 4.0 11.0 0.32
including 2.1 18.5 0.54
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DL-04-05 2.0 7.4 0.22
including 1.1 11.2 0.33
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DL-04-06 8.2 10.9 0.32
including 5.1 15.1 0.44
including 2.3 27.7 0.81
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DL-03-06 4.3 5.8 0.17
including 0.9 12.0 0.35
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DL-03-08 4.0 12.5 0.37
including 1.5 24.7 0.72
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DL-89-09 2.8 15.6 0.46
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The work to date by Alberta Star and Fronteer is increasing the overall gold grade of the 88-4 zone. "Experience has demonstrated that gold shoots rarely occur in isolation in this type of system. The exploration team has every expectation that multiple gold shoots will begin to take shape with ongoing drilling," says Mark O'Dea, Fronteer President and CEO. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . 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 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. For further information on Alberta Star visit www.alberta-star.com 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 North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , BC, and Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. , Ontario using ICP-AES ICP-AES Inductively Coupled Plasma Atomic Emission Spectroscopy ICP-AES Inductively Coupled Plasma Atomic Emission Spectrophotometry and fire assay. 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 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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