Alberta Star and Fronteer Intersect High Grade Gold Mineralization on Dixie Lake Property.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 2, 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), and Dr. Mark O'Dea of Fronteer Development Group Inc. (FRG-TSX, Frankfurt-FRR) are pleased to announce that its drilling program on the Dixie Lake Property has 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. . Gold mineralization was intersected in all 10 holes and a five metre interval containing visible gold was intersected at a depth of 110 metres confirming the vertical continuity and depth potential of this large gold bearing system. This Phase I drilling program has demonstrated that the 88-4 zone is open down dip and that high grade gold mineralization is hosted within steeply plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: shoots. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Fronteer President Dr. Mark O'Dea, "We have successfully tested our exploration model and confirmed the presence and continuity of high grade gold shoots within the resource area, which can be traced and confirmed down plunge The term Plunge has multiple meanings:
DRILLING HIGHLIGHTS -- Hole DL-03-08 intersected a 5 metre interval containing visible gold that returned 4.7 metres of 8.1 g/t including 3.0 metres of 10.6 g/t gold, and 0.6 metres of 39.7 g/t gold. -- Hole DL-03-06 returned 17 metres of 2.9 g/t gold which included two high grade intercepts 0.5 metres of 12.4 g/t gold, and 4.3 metres of 5.8 g/t gold including 0.9 metres of 12.0 g/t gold. -- Hole DL-03-05 returned 21 metres of 1.8 g/t gold including 4.0 metres of 3.0 g/t gold and 1.2 metres of 5.3 g/t gold. -- Hole DL-03-01 returned 8.3 metres of 2.0 g/t gold including 2.5 metres of 3.9 g/t gold. Hole DL-89-09 in which Teck Corp intersected 2.8 metres of 15.6 g/t gold at a depth of 40 metres, was undercut undercut, n 1. the portion of a tooth that lies between its height of contour and the gingivae, only if that portion is of less circumference than the height of contour. 2. by DL-03-06 at a depth of 65 metres. Hole DL-03-08 and Hole DL-03-05 also tested the down plunge extension of these high grade gold shoots at depths of 110 metres and 245 metres respectively. In addition to the 88-4 zone, one exploration hole was drilled into a distinct structural and geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. target with an untested strike length of over 600 metres, situated 800 metres to the north of the 88-4 zone. The hole intersected a broad zone (greater than 100 metres) of gold enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. including 29.68 metres of 0.56 g/t gold. This new zone is an important new discovery on the property that has significant growth potential. According to Fronteer's project manager, Lucas Marshall, "DL-03-10 intersected a broad zone of pyrite-sericite alteration, characteristics of many lode gold systems. "This new discovery has significant potential in and adjacent to this zone to discover discrete high grade gold shoots". This round of drilling has intersected the 88-4 zone at depths of between 65 metres and 305 metres. The next round of drilling, which will be commencing shortly, will chase the high grade gold bearing zones to depths of at least 600 metres. The shear shear: see strength of materials. Shear A straining action wherein applied forces produce a sliding or skewing type of deformation. size and vertical continuity of the large gold bearing system on the Dixie Lake Property indicate that it has the potential to expand into a Red Lake Belt-style deposit. The average grade of Goldcorp's Red Lake Mine between 1948 and 1996 was 11.8 g/t gold. The results obtained at Dixie Lake indicate that the property hosts Red Lake style grades over mining widths. DIXIE LAKE HIGH 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 Canadian based mineral exploration company that identifies, acquires, and develops advanced staged mineral exploration properties throughout the world. It specializes in gold and base metal properties with strong data bases, which are fully permitted and drill ready for purchase or option. Alberta Star's focus is to acquire properties where 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 gold 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, Mexico and Nevada. 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 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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