Alberta Star Development Corp. Drilling has Commenced.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 17, 2004 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), and Fronteer Development Group Inc. (FRG-TSX, Frankfurt) are pleased to announce that drilling has commenced on the Dixie Lake Gold Project in Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. . A 3,000 metre deep drilling program is currently underway and is expected to last approximately 45 days. CHECK ASSAYS ANALYZED BY ACME ANALYTICAL INCREASE GRADE OF HIGH GRADE ZONE Alberta Star is also pleased to report that additional check assays on drill core from November 2003 have increased the gold grade. Specifically, the interval in 03-DH-08, containing visible gold, increased from 0.6 metres @ 39.7 g/t gold to 0.6 metres @ 60.75g/t gold (1.9 feet @ 2.0 oz/ton). This high grade intercept is part of an interval that now runs 4.0 metres @12.5 g/t gold (13.2 feet @0.4 oz/ton) including 1.54 metres of 24.7 g/t gold. Bearing in mind that the average grade of the Red Lake Mine between 1948 and 1996 was 11.8 g/t gold, the results obtained at Dixie Lake Gold Project indicate that the property hosts Red Lake-style grades over mining widths. The sheer size and vertical continuity of the gold bearing system on the Dixie Lake Property indicate that it has the potential to expand and develop into a world class Red Lake Belt-style deposit. THE DIXIE LAKE HIGH GRADE GOLD PROJECT Alberta Star has the option to earn up to 50% interest on Fronteer's Dixie Lake Gold Property, situated 25 kilometres south of Placer Dome's Campbell mine, which has produced over 10,335,243 ounces of gold, and Goldcorp's Red Lake mine, which has produced over 3,736,704 ounces of gold. 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 world. Alberta Star is primarily focused on the discovery of gold. It specializes in 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. Alberta Star has been actively identifying and targeting several high-grade gold projects that are fully permitted and drill ready, for acquisition in Canada, 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. and Mexico. 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. 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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