Alberta Star Makes Formal Application for an Additional 25,000 Meter 'Class A-5 Year Drill Permit'.VANCOUVER, British Columbia -- For its Eldorado Iron Oxide The material used to coat the surfaces of magnetic tapes and lower-capacity disks. Copper, Gold, Silver, and Uranium Project in the Port Radium Uranium District 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), 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. (ASX) and on the OTCBB (ASXSF), is pleased to announce that it has made formal application for an additional 25,000 meter drill program at Port Radium/Eldorado uranium district and is awaiting final approval from the Sahtu Land and Water Board (SLWB) for this "Class A-5 year drill permit", at its Eldorado Iron oxide, copper, gold, silver, and uranium project located in Canada's Northwest Territories. 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 is good news for Alberta Star and for mineral and uranium exploration in Canada and 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 to be one of the most prospective IOCG IOCG Iron Oxide Copper Gold IOCG International Organization for Crystal Growth 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 and 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. in an area that has not been properly explored using advanced 21st century geophysical exploration techniques and incorporates the newly developed IOCG-epithermal deposit model type applications. This regional land package, which contains six former and past producing silver and uranium mines, will now allow Alberta Star to gain maximum exposure to all base and precious metals including uranium during the upcoming 2006 drilling season. Alberta Star is actively involved in the continuing search for iron oxide, copper, gold, silver and uranium (IOCG) deposits which has gained momentum in Canadian mineral exploration due to their large size potential and poly-metallic grades of mineralization including sizeable amounts of uranium. This second 25,000 meter drill permit will now allow Alberta Star to focus additional exploration and diamond drilling in two distinct areas between Contact Lake and the Port Radium, Echo Bay, Crossfault Lake uranium mine, and Eldorado mine areas with history of high grade poly-metallic and uranium mineral production. Alberta Star has assembled a highly regarded IOCG technical group of experts with advanced uranium exploration expertise that will oversea the direction of the project." The current January 30, 2006 spot prices in $US: Uranium $37.00 US per pound, and Gold $568.20 oz. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a Canadian mineral exploration company that identifies, acquires, finances advanced stage exploration projects in Canada. Alberta Star is focused in the discovery of base and precious metals and uranium. ALLAN FELDMAN-INVESTOR RELATIONS Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's in-house Investor Relations and Corporate Communications Specialist, for all corporate updates at (604) 948-9663. ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President & CEO Dr. Hamid Mumim 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 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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