Alberta Star Development Corp.: Drilling Has Commenced.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 29, 2003 Tim Coupland, President 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 the company has successfully mobilized its drills on the Company's Longtom Lake Iron Oxide Copper/Gold property and that drilling has commenced. LONGTOM LAKE IRON-OXIDE HOSTED COPPER GOLD PROJECT (IOCG IOCG Iron Oxide Copper Gold IOCG International Organization for Crystal Growth ) The Longtom property is Alberta Star's prospective Olympic Dam style (IOCG) Iron-Oxide, Copper, Gold, +Cobalt, Silver, 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. exploration project near Longtom Lake in Canada's world famous Great Bear Magmatic Zone (GBMZ), Northwest Territories. Alberta Star's focus is to identify, acquire and develop late stage mineral exploration properties throughout the world where there is a reasonable expectation of identifying and yielding a world-class deposit. CLIVE MASSEY-INVESTOR RELATIONS Investors are welcomed to contact Mr. Clive Massey, Alberta Star's In-house Investor Relations and Corporate Communications Specialist for all corporate updates at (604) 662-3903. On behalf of the Board of Directors of ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President 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. |
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