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Alberta Star completes staking at Contact Lake
2005-04-27 10:37 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR COMPLETES STAKING OF AN ADDITIONAL 9,968.45 ACRES AND INCREASES THE SIZE OF THE 100% WHOLLY OWNED CONTACT LAKE IRON OXIDE COPPER, GOLD, SILVER, URANIUM PROJECT
Alberta Star Development Corp. has completed its staking at Contact Lake located in the Northwest Territories and increased the size of its 100-per-cent-owned Contact Lake iron oxide, copper, gold, silver, uranium project to 14,420.82 acres. Alberta Star continues to amass a number of advanced stage uranium properties with archived uranium drill data and advanced stage datasets in Canada's Northwest Territories.
Contact Lake "iron oxide copper/gold/silver uranium project"
The Contact Lake claim block now consists of 11 contiguous claims located five kilometres southeast of Port Radium on the east side of Great Bear Lake, NWT, and 423 miles north of the city of Yellowknife, and consists of 5,835.59 hectares (14,420.82 acres). The Contact Lake project is located five kilometres from two past producing silver and uranium mines, the Echo Bay mine (produced 23,779,178 ounces of silver) and the Port Radium, Eldorado mine (produced 15 million pounds of uranium and eight million ounces of silver). The Contact Lake mine is a former past producer of silver and high-grade uranium. The Contact Lake claim block and surrounding area covers extensive alteration zones including large intensely mineralized gossans that can be traced for over one kilometre in length and over 200 metres in width. This area has been under-explored and has lacked advanced exploration geophysics. The Contact Lake mineral belt is approximately 15 kilometres long. This is the northern extension of the same mineral belt that hosts Fortune Minerals Nico gold deposit. These large-scale deposits are of a class that includes the two-billion-ton Olympic Dam iron oxide, copper, gold, silver, REE and uranium (IOCG) deposits. The continuing search for iron oxide copper, gold, silver and uranium (IOCG) deposits has gained momentum in Canadian mineral exploration due to their large size potential and polymetallic grades of mineralization, including sizable amounts of uranium.
Alberta Star has adopted a strategy which will allow the company to focus on the development of the Contact Lake, MacInnis Lake uranium property and Longtom Lake properties as uranium assets, as part of a long-term strategy to take advantage in the growth of in the United States and worldwide electrical energy demand. Over the next decade, uranium supply is expected to fall short of demand and the current production shortfall is expected to be more than 300 million pounds. The current spot price for uranium is $24.00 (U.S.) per pound. Erik Ostensoe, PGeo, is the qualified person responsible for technical information contained within this news release on Contact Lake project.
Investors are welcomed to contact Allan Feldman, Alberta Star's in-house investor relations and corporate communications specialist, for all corporate updates at 604-948-9663.
Erik Ostensoe, PGeo, is the qualified person for the Contact Lake project.
Alberta Star to acquire Contact Lake U308 claim
2005-04-25 11:24 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR PURCHASES THE CONTACT LAKE IRON OXIDE COPPER, GOLD, SILVER, URANIUM PROJECT IN CANADA'S NORTHWEST TERRITORIES
Alberta Star Development Corp. has agreed to purchase a 100-per-cent interest in 1,801.83 hectares (4,452.37 acres) called the Contact Lake mineral properties located in the Northwest Territories from three individuals.
Purchase agreement -- Contact Lake mineral claims
Alberta Star has agreed to purchase a 100-per-cent interest in five mineral claims, subject to a 1-per-cent net smelter returns royalty (NSR), in the Contact Lake mineral claims (4,452.37 acres) by paying $60,000 and issuing 300,000 shares, conditional on TSX Venture Exchange acceptance for filing. Alberta Star may purchase the 1-per-cent NSR for a one-time payment of $1-million.
Contact Lake iron-oxide copper/gold/silver and uranium project
The Contact Lake claim block consists of five contiguous claims located five kilometres southeast of Port Radium on the east side of Great Bear Lake, Northwest Territories, and 423 miles north of the city of Yellowknife, and consists of 1801.83 hectares (4,452.37 acres). The Contact Lake claim is located five kilometres from two past-producing silver and uranium mines, the Echo Bay mine (23,779,178 ounces of silver) and the Port Radium, Eldorado mine (15 million pounds of uranium, eight million ounces of silver). The Contact Lake mine is a past producer of silver and high-grade uranium. The Contact Lake claim block and surrounding area covers extensive alteration zones including large, intensely mineralized gossans that can be traced for over one kilometre in length and over 200 metres in width. This area has been underexplored and has lacked advanced exploration geophysics. The South McTavish Arm region known as the Contact Lake mineral belt encompasses an extremely mineral-rich portion of the Great Bear magmatic zone, as evidenced from past mineral production records from Port Radium, Contact Lake, Bonanza and El Bonanza. The Contact Lake mineral belt is approximately 15 kilometres long. This is the northern extension of the same mineral belt that hosts Fortune Minerals Nico gold deposit. These large-scale deposits are of a class that includes the two-billion-tonne Olympic Dam iron-oxide copper, gold, silver, REE and uranium (IOCG) deposits. The continuing search for iron-oxide copper, gold, silver and uranium (IOCG) deposits has gained momentum in Canadian mineral exploration due to their large size potential and polymetallic grades of mineralization, including sizable amounts of uranium.
International Uranium Mining Company Ltd. purchased the Contact Lake property and executed extensive field programs consisting of prospecting, geological mapping and diamond drilling for uranium on the property during the summers of 1944 and 1945. Past production records indicate that mill heads varied from 50 to 79 ounces of silver and two pounds of uranium. The mine operated intermittently between 1939 and 1979 and production records indicate that roughly 750,000 ounces of silver and approximately 7,000 pounds of U308 were produced.
Preparations for an aggressive spring and summer exploration program consist of regional mapping, trenching reviewing historically archived drill data and reviewing production records filed with the government geoscience office of research and information in Yellowknife.
Alberta Star expects to complete a detailed regional-airborne and radiometric survey of the Contact Lake mineral belt this summer. The company will be completing a National Instrument NI 43-101 report on the Contact Lake property by a qualified person in mid-May. The historical data predates NI 43-101 standards and these estimates should not be relied upon.
Alberta Star has adopted a strategy which will allow the company to focus on the development of the MacInnis Lake uranium property, Longtom Lake property and Contact Lake properties as uranium assets, as part of a long-term strategy to take advantage of the growth of American and worldwide electrical energy demand. Over the next decade, uranium supply is expected to fall short of demand and the current production shortfall is expected to be more than 300 million pounds. The current spot price for uranium is $23.50 (U.S.) per pound. Erik Ostensoe, PGeo, is the qualified person responsible for technical information contained within this news release on Contact Lake.
Alberta Star to begin survey of MacInnis Lake
2005-04-12 13:42 ET - News Release
Also News Release (C-MXR) Max Resource Corp
Mr. Tim Coupland of Alberta Star reports
ALBERTA STAR TO CONDUCT A 'MEGATEM' AIRBORNE GEOPHYSICAL SURVEY ON THE MACINNIS LAKE URANIUM PROJECT IN CANADA'S NORTHWEST TERRITORIES
Alberta Star Development Corp. will conduct a Fugro deep-penetrating airborne electromagnetic geophysical (MegaTem) survey on its MacInnis Lake uranium project. The airborne survey is expected to begin shortly, using a specially modified Dash-7 aircraft and will cover a total of 951 line kilometres, which are being flown along east-west oriented lines, spaced at 200-metre intervals. Jan Klein, MSc, PEng, PGeo, the company's consulting geophysicist, will review and compile all of the data generated from the geophysical survey. The large-scale size and high-transmitter power of the proprietary MegaTem system allows for deep-penetrating exploration in the search for unconformity-type uranium deposits associated with graphitic y conductors in the basement. Results from the geophysical survey, combined with archived historical drill results, will assist the company in its drill targeting and expanding known uranium showings on the project. Summer exploration activities will include follow-up ground geophysics and diamond drilling. Erik Ostensoe, PGeo, is the qualified person for the MacInnis Lake uranium project.
MacInnis Lake uranium project (unconformity or basement-hosted uranium setting)
The MacInnis Lake uranium claim block, located in the Nonacho basin 150 kilometres northeast of Fort Smith, NWT, and 275 kilometres southeast of Yellowknife, NWT, consists of 26,184 acres. The MacInnis Lake uranium project is considered a basement-hosted or unconformity-type deposit setting. Unconformity-related uranium deposits can be extremely high grade and can average 10 per cent or more, and this is the setting for the vast majority of deposits in the Athabasca basin in Northern Saskatchewan. The MacInnis Lake uranium claim block is known to have widespread surface uranium mineralization, and contains 28 high-grade uranium showings that were drill discovered between 1954 and 1988. All uranium exploration and drilling datasets have been archived and recorded by the Geological Survey of Canada.
Alberta Star's management believes the MacInnis Lake area has the potential to host a world-class, economic uranium deposit, similar to those at Saskatchewan's McArthur River and Cigar Lake. The MacInnis Lake uranium project currently has over 100 historical uranium drill hole results. These drill holes were successfully completed by Canadian Pipelines and Petroleum Ltd. and Scurry-Rainbow Oil Ltd., between 1954 and 1988. The highest uranium values intersected in drill core at the Dussault showing intersected 0.84 per cent U308 over two feet. This high-grade zone is more than 150 metres along strike and 60 metres at depth. Uranium mineralization rakes to the northeast at 40 degrees. This showing has been drill tested to a depth of 50 metres. The Ace uranium showing was drill tested with 57 drill holes, totalling 6,096 metres. Uranium mineralization was drill tested to a depth of 150 metres. A narrow, high-grade uranium zone of ore that was discovered is 50 metres in length and six metres wide. The world average grade from producing uranium mines is 0.15 per cent U308. All historically archived drill data are available from the geoscience office of research and information in the Northwest Territories. The company will be completing a report compliant with National Instrument 43-101 on the property by a qualified person in late April. The historical data predate National Instrument 43-101 standards and these estimates should not be relied upon.
MacInnis Lake uranium project -- option agreement with Max Resources
Alberta Star has entered into an option agreement with Max Resources Corp., whereby Max can earn a 50-per-cent interest in Alberta Star's MacInnis Lake uranium project, by making total cash payments of $30,000 to Alberta Star, incurring exploration expenditures totalling $2-million over five years and issuing 200,000 common shares. Alberta Star will be the operator of the project.
Max acquiring 50% of MacInnis Lake from Alberta Star
2005-04-11 16:19 ET - Property Agreement
The TSX Venture Exchange has accepted for expedited filing documentation pertaining to a mineral property option agreement dated April 1, 2005, between Max Resource Corp. and Alberta Star Development Corp. pursuant to which Max Resource may acquire up to 50-per-cent interest in 15 mineral claims totalling 26,184.64 acres located in the Nonacho basin, Northwest Territories, known as the MacInnis Lake uranium claims. To earn a 25-per-cent interest, Max Resource must, upon acceptance, pay $15,000 and issue 200,000 shares, pay a further $15,000 and incur $750,000 of exploration expenditures on or before the first anniversary, and a further $250,000 of exploration expenditures on or before the second anniversary. To earn a further 25-per-cent interest, Max Resource must incur a further $1-million in exploration expenditures on or before the fifth anniversary.
Alberta Star names Read senior exploration consultant
2004-11-15 13:12 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR APPOINTS PETER READ Ph.D., AS SENIOR EXPLORATION MANAGER AND PROVIDES CORPORATE UPDATE
Alberta Star Development Corp. has appointed Dr. Peter Read, PhD, FGAC, as senior exploration consultant for Alberta Star.
Dr. Read brings over 45 years of mineral exploration experience to Alberta Star and its exploration team. He has worked extensively in some of Canada's largest gold mines and is renowned for his structural and stratigraphic knowledge of the Red Lake gold belt. Dr. Read has worked extensively for both the Canadian federal and provincial governments and also as an independent consultant for Placer Dome Canada's Campbell mine in Red Lake, Ont. The Campbell mine, owned and operated by Placer Dome, has mined over 10 million ounces of gold and is one of Canada's largest gold producers.
Dixie Lake gold project -- Red Lake, Ont.
The Dixie Lake gold property is the company's most advanced project. Alberta Star plans to use flow-through proceeds to commence phase 4 drilling. Phase 4 drilling is in the planning stage. The company is currently planning drilling targeting additional high-grade gold shoots that have been identified, and is testing new geochemical and geophysical targets that exist on the property. Alberta Star has been granted an option to earn up to a 50-per-cent interest on Fronteer's Dixie Lake gold property, which is situated 25 kilometres south of Placer Dome's Campbell mine and Goldcorp's Red Lake mine in the Red Lake gold belt of Ontario.
Longtom Lake uranium project -- Northwest Territories
The Longtom property is Alberta Star's prospective Olympic Dam-style iron-oxide-copper-gold plus cobalt, silver and uranium exploration project near Longtom Lake in Canada's Great Bear magmatic zone. Alberta Star has adopted a strategy that will allow the company to focus largely on the exploration and development of the Longtom property as a uranium asset as part of a long-term strategy to take advantage of the growth in the United States and worldwide electrical energy demand. Based on recent drill hole results and historical results in the surrounding area, there are indications of a near-surface uranium system that has both size and high-grade potential. Fronteer has been granted the option to earn a 75-per-cent interest in the Longtom Lake property from Alberta Star by paying $15,000 in cash and spending a total of $500,000 on exploration over three years. Fronteer will be the operator during the earn-in period.
Shabu Lake properties -- Red Lake, Ont.
The Shabu Lake properties are adjacent to Sabina Resources Ltd.'s Golden Sidewalk property in Red Lake, Ont. The properties are located in Balmer assemblage volcanic rocks located on the west side of the Birch-Confederation greenstone belt adjacent to Sabina Resources' Golden Sidewalk property. Balmer assemblage rocks are host to the major gold producers in the Red Lake gold camp. Alberta Star can earn a 100-per-cent interest, subject to a 2-per-cent net smelter return royalty, in the Shabu Lake claims by paying $4,500 and issuing 25,000 common shares, as well as paying $90,000 and issuing 100,000 common shares in stages over four years. Alberta Star may purchase half of the 2-per-cent net smelter return royalty for a one-time payment of one million dollars.
Dr. Rick Valenta, PGeo, of Fronteer Development Group is the qualified person for the Longtom Lake iron-oxide-copper-gold project.
See below from #msg-3790859 The preliminary resource estimate is long overdue. What do you know?
SRK Consulting Engineers & Scientists are currently on-site at Dixie Lake
gold project, in Ontario. SRK is completing a comprehensive National
Instrument (NI) 43-101 technical review and preliminary resource estimate on
the Dixie Lake gold project for Alberta Star. The report, which has been
started, is expected to be completed by Sept. 15, 2004. Alberta Star has
completed over 8,500 metres of deep drilling over the past 12 months with its
partner Fronteer Development Group. Alberta Star has significantly upgraded
the gold resource potential of the Dixie Lake property, demonstrating that
high-grade gold mineralization is present over significant widths and that
the shoot geometry is both predictable and continuous over a vertical range
of at least 400 metres. The Dixie Lake Resource estimate will be prepared
according to industry best practices, as defined by the Canadian Institute of
Mining and Metallurgy (CIMM). An appropriate geological model will be
established in conjunction with developed economic parameters. Analysis will
seek to establish the statistical and spatial character of the gold
mineralization, in terms of grade, thickness variations, distribution of
refractory versus free gold and the extent to which the nugget effect affects
the mineralized sample population. The report will be comprehensive and will
be the cornerstone of upcoming studies, evaluations and strategic planning
for the company.
Alberta Star (ASX) strikes major mineral find. I have heard this. Does anyone know if this is true?
Alberta Star raises $1.02-million in final tranche
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 30,196,408
Last Close 10/20/2004 $0.265
Wednesday October 20 2004 - News Release
Mr. Tim Coupland reports
ALBERTA STAR COMPLETES BROKERED PRIVATE PLACEMENT
Alberta Star Development Corp., further to its news in Stockwatch dated Sept. 24, 2004, concerning its brokered private placement, has completed the second and final tranche of the financing consisting of the sale of 3,797,000 units at 27 cents for gross proceeds of $1,025,190. Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each full warrant entitles the holder to acquire an additional common share of the company for 40 cents for a period of 18 months.
In connection with the completion of the offering, the company has paid the agent, Pacific International Securities Inc., commission of $45,251 and 136,163 units at a deemed price of 27 cents each. These units are identical to those purchased in the offering, with the exception that they do not qualify for flow-through tax treatment. Alberta Star has also issued 569,550 broker's options whereby the holders may purchase up to 569,550 common shares in the capital of the company at 36 cents each for a period of 18 months. All securities issued in this financing are subject to a four-month hold period ending Feb. 20, 2005.
The funds raised will be used for exploration expenditures in Canada that qualify as Canadian exploration expenses as defined in the Income Tax Act and will be renounced for the 2004 taxation year.
Combined with the first tranche of this brokered private placement the company has raised gross proceeds of $1,826,530.
Alberta Star acquiring Ontario ground
2004-10-18 16:53 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pursuant to which Alberta Star Development Corp. will acquire a 100-per-cent interest in 62 mineral claims located in the Goodall and Dent townships, Ontario, from an arm's-length party. Total consideration for the acquisition will result in a total of $96,000 cash being issued by March 31, 2008, along with 100,000 common shares at a deemed price of 26 cents, being issued before Oct. 15, 2007. Please refer to the company's news release dated May 12, 2004.
Alberta Star acquiring Shabu Lake property
2004-10-18 16:49 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pursuant to which Alberta Star Development Corp. will acquire a 100-per-cent interest in 32 mineral claims located in the Shabu Lake township, Ontario, from an arm's-length party. Total consideration for the acquisition will result in a total of $94,500 cash being issued by March 31, 2008, along with 100,000 common shares at a deemed price of 26 cents, being issued before Oct. 15, 2007. Please refer to the company's news release dated May 12, 2004
Looks as if Tim bought 200,000 of the pp at .27 after selling 120,000 at about .33
Here is the Sabina release of Golden Sidewalk results...
Sabina sees potential for gold at Golden Sidewalk
2004-09-29 18:10 ET - News Release
Mr. William Cummins reports
SABINA UNCOVERS GOLD ZONE IN RED LAKE - 109.17 OZ/TON GOLD
Sabina Resources Ltd.'s continuing exploration program on the company's Golden Sidewalk property, located in the Red Lake mining district, Ontario (42 miles east of the town of Red Lake), has uncovered two new gold zones, where initial sampling has returned extremely high gold grades.
The current exploration program consists of prospecting and sampling, followed by diamond drilling. Prospecting has uncovered two new high-grade gold zones. Initial sampling in the KT zone has returned assays ranging from trace to 189.96 grams per tonne gold (5.54 ounces per ton gold), and four of the first five grab samples taken from material uncovered at the initial find of the new gold zone, "the Joe," have returned greater than 93.27 grams per tonne gold (2.72 ounces per ton gold) with a high of 3,742.55 grams per tonne gold (109.17 ounces per ton gold). The following table provides a summary of the first five grab samples taken from the Joe.
Sample Au Au
No. (g/t) (oz/ton)
391421 328.20 9.57
391422 427.15 12.46
391423 3,742.55 109.17
391424 96.63 2.82
391424 (reassay) 93.27 2.72
391425 7.06 0.21
Tim has increased his personal holdings by 144,000 shares. Incl...
+80k @ .27 on the 14th (day of uranium release)
+44k @ .31 on the 15th
However he sold 295k through T8X Capital mid 30s, timed nicely.
Alberta Star to add to Red Lake holdings
2004-09-30 15:42 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR TO ACQUIRE ADDITIONAL GROUND ADJACENT TO SABINA RESOURCES GOLDEN SIDEWALK PROPERTY IN RED LAKE, ONTARIO
Alberta Star Development Corp. has entered into an agreement to acquire 2,880 acres of property adjacent to Sabina Resources Ltd.'s Golden Sidewalk property in Red Lake, Ont. Alberta Star's properties are located in Balmer assemblage volcanic rocks located on the west side of the Birch-Confederation greenstone belt adjacent to Sabina Resources's Golden Sidewalk property. Balmer assemblage rocks are host to the major gold producers in the Red Lake gold camp, Placer Dome's Campbell mine and Goldcorp's Red Lake mine. Alberta Star's properties are located directly up ice from a gold grain in basal till anomaly identified in the Red Lake region by the Geological Survey of Canada during a regional till survey completed in the 1990s. Alberta Star has assembled a strategic land package in the Red Lake gold belt.
Option agreement -- Shabu Lake gold property
Alberta Star can earn a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in the Shabu Lake gold claims (72 mineral claim units) by:
1) paying $4,500 and issuing 25,000 shares on TSX Venture Exchange acceptance for filing; and
2) paying $90,000 in stages over four years and issuing 100,000 shares.
Alberta Star may purchase half of the 2-per-cent NSR for a one-time payment of $1-million.
I see you've been grabbing up all the 69s.^^
Alberta Star increases placement by 1.3 million units
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 30,196,408
Last Close 9/24/2004 $0.315
Friday September 24 2004 - News Release
Mr. Tim Coupland reports
ALBERTA STAR ANNOUNCES INCREASE IN BROKERED PRIVATE PLACEMENT
Alberta Star Development Corp., as reported in Stockwatch on Sept. 20, 2004, has engaged Pacific International Securities Inc. as lead agent for the private placement, on a best efforts basis, of up to four million units at 27 cents per unit. Alberta Star has now agreed to increase the number of units available in the overallotment option by 1.3 million units to provide in part for excess interest in the offering. The total size of the overallotment option will now be for up to an additional 2.8 million units. Each unit will consist of one flow-through common share and one-half of one transferable non-flow-through common share purchase warrant. Each Warrant shall be exercisable into one additional common share at an exercise price of 40 cents per common share for 18 months following the closing date. Other terms of the placement remain unchanged. The financing is expected to close on or before Oct. 20, 2004. The private placement is subject to TSX Venture Exchange acceptance for filing.
Alberta Star proposes $1.08-million private placement
2004-09-20 16:43 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR TO RAISE $1.08 MILLION IN BROKERED PRIVATE PLACEMENT
Alberta Star Development Corp. has engaged Pacific International Securities Inc. in a brokered private placement, on a best-efforts basis, of up to 4.0 million units of Alberta Star at 27 cents per unit. Each unit shall consist of one flow-through common share and one-half of one transferable non-flow-through common share purchase warrant. Each warrant shall be exercisable into one additional common share of the company for 18 months following the closing date at an exercise price of 40 cents per common share for gross proceeds of up to $1.08-million. Alberta Star has granted the agent an option to cover overallotments and for market stabilization purposes, which will allow it to offer up to 1.5 million additional units. The overallotment option may be exercised in whole or in part at any time prior to the closing date of the offering.
In consideration for acting as agent, Pacific International Securities will receive a cash commission of 8 per cent of the gross proceeds raised in this offering and a corporate finance fee of $10,000. In addition, the agent will receive compensation options equal in number to 15 per cent of the total number of units sold pursuant to the offering. The proceeds from the offering will be used to finance exploration and drilling of Alberta Star's Dixie Lake gold project in Red Lake, Ont., Longtom Lake IOCG project and general working capital. The private placement is subject to TSX Venture Exchange acceptance for filing.
WARNING: The company relies upon litigation protection for "forward-looking" statements.
Enough, still like thier red lake prospects.
Nice move. Hope you had lots.
Alberta Star intersects high-grade uranium at Longtom
2004-09-14 13:27 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR INTERSECTS HIGH GRADE URANIUM IN DRILL PROGRAM
Alberta Star Development Corp. has intersected high-grade uranium mineralization in a recent drill program on its Longtom Lake property in Canada's Northwest Territories. Drilling intersected:
1.68 per cent U3O8 over one metre at a downhole depth of 80 metres. This uranium intercept was part of a broader interval that returned 0.56 per cent U3O8 over three metres; and
0.16 per cent U3O8 over one metre was intersected at a depth of 51 metres in the same hole.
Previous drill campaigns by Alberta Star, Tyhee Development Corp. and the Central Electricity Board Exploration Ltd. in 1986 have also intersected significant anomalous to high-grade uranium. Within a 300-metre radius of Alberta Star/Fronteer's new high-grade discovery, eight historic drill holes intersected uranium mineralization with values ranging between:
0.21 per cent U3O8 over 0.6 metre at a downhole depth of 45 metres; and
0.48 per cent U3O8 over 1.5 metres at a downhole depth of 59 metres.
Based on recent drill hole results and historical results in the surrounding area, there are indications of a near surface uranium system, that has both size and high-grade potential. The world average grade from producing uranium mines is 0.15 per cent U308.
Fronteer's summer 2004 drill program completed 2,100 metres of drilling to test the copper-gold-silver-uranium targets based on surface mineralization, geophysical data and historic drilling results. Other significant results include:
0.19 per cent copper over 15 metres at a downhole depth of 37 metres; and
0.14 per cent cobalt over six metres at a downhole depth of 185 metres.
Fronteer has the option to earn a 75-per-cent interest in the Longtom Lake property from Alberta Star by paying $15,000 in cash and spending a total of $500,000 on exploration over three years. Fronteer will be the operator of the program during the earn-in period. The agreement is subject to TSX Venture Exchange approval.
Alberta Star has adopted a strategy which will allow the company to focus largely on the exploration and development of the Longtom property as a uranium asset, as part of a long-term strategy to take advantage of the growth in the United States and worldwide electrical energy demand. This increasing demand is occurring at a time when mine supplies are dwindling and inventories are being depleted. Over the next decade, uranium supply is expected to fall short of demand and the current production shortfall is more than 300 million pounds. Spot uranium prices have risen from a cyclical low of $7.10 (U.S.) per pound in late 2000 to a recent 20-year high. Based on uranium's current spot price of $19.50 per pound and its longer-term price projections, Fronteer, as operator, will prepare a follow-up drill and exploration program on the Longtom property to explore and expand uranium targets over the course of the next year.
Dr. Rick Valenta, PGeo, of Fronteer Development Group, is the qualified person for the Longtom Lake IOCG project.
Spruced up the header a bit. Tim is still spending the kids lunch money on stock +10k @ .19 Sept. 02/04.
+2k @ .215 +18k @ .21
Alberta Star consultant begins Dixie Lake tech report
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 27,262,032
Last Close 8/10/2004 $0.205
Tuesday August 10 2004 - News Release
Mr. Tim Coupland reports
ALBERTA STAR DEVELOPMENT ANNUAL GENERAL MEETING/SRK BEGINS RESOURCE
CALCULATION ESTIMATES
Alberta Star Development Corp. has carried out its annual general meeting of
shareholders held on Tuesday, Aug. 10, 2004. All resolutions proposed were
passed unanimously. The company will remain interlisted on both the TSX
Venture Exchange and on the NASD OTC Bulletin Board exchanges for wider
market exposure.
SRK Consulting Engineers & Scientists on-site to complete gold resource
estimate
SRK Consulting Engineers & Scientists are currently on-site at Dixie Lake
gold project, in Ontario. SRK is completing a comprehensive National
Instrument (NI) 43-101 technical review and preliminary resource estimate on
the Dixie Lake gold project for Alberta Star. The report, which has been
started, is expected to be completed by Sept. 15, 2004. Alberta Star has
completed over 8,500 metres of deep drilling over the past 12 months with its
partner Fronteer Development Group. Alberta Star has significantly upgraded
the gold resource potential of the Dixie Lake property, demonstrating that
high-grade gold mineralization is present over significant widths and that
the shoot geometry is both predictable and continuous over a vertical range
of at least 400 metres. The Dixie Lake Resource estimate will be prepared
according to industry best practices, as defined by the Canadian Institute of
Mining and Metallurgy (CIMM). An appropriate geological model will be
established in conjunction with developed economic parameters. Analysis will
seek to establish the statistical and spatial character of the gold
mineralization, in terms of grade, thickness variations, distribution of
refractory versus free gold and the extent to which the nugget effect affects
the mineralized sample population. The report will be comprehensive and will
be the cornerstone of upcoming studies, evaluations and strategic planning
for the company.
Alberta Star plans to use its flow-through proceeds to commence phase 4
drilling, which is expected to begin upon completion and evaluation of the NI
43-101 resource report estimates. The company plans to start aggressively
drill targeting additional high-grade gold shoots that have been identified,
and testing new geochemical and geophysical targets that exist on the
property.
Geological long section through the 88-4 zone showing the shoot geometry
Drilling highlights within the 88-4 shoot are shown in the table below.
Drill hole No. Length Au
(m) (g/t)
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-04-04 4.0 11.0
Including 2.1 18.5
DL-04-05 2.0 7.4
Including 1.1 11.2
DL-04-06 8.2 10.9
Including 5.1 15.1
Including 2.3 27.7
DL-04-07 1.8 5.0
DL-03-06 4.3 5.8
Including 0.9 12.0
DL-03-08 4.0 12.5
Including 1.5 24.7
DL-89-09 2.8 15.6
DL-04-08 1.3 7.4
DL-04-10 1.5 9.3
Tim took 100,000 of the pp @.25 on July 29th.
Alberta Star raises $735,000; hires SRK
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 25,938,399
Last Close 7/28/2004 $0.225
Wednesday July 28 2004 - News Release
Mr. Tim Coupland reports
ALBERTA STAR CLOSES FIRST TRANCHE OF 1.2 MILLION DOLLAR BROKERED PRIVATE PLACEMENT/ENGAGES SRK CONSULTING ENGINEERS
Alberta Star Development Corp. has raised $735,000 in the first tranche of a 4.8-million-flow-through common share private placement at 25 cents per common share, for gross proceeds of up to $1.2-million.
ALBERTA STAR ENGAGES SRK CONSULTING ENGINEERS TO COMPLETE RESOURCE ESTIMATE
Alberta Star has engaged SRK Consulting Engineers & Scientists to complete a National Instrument 43-101 technical review and preliminary resource estimate on the Dixie Lake gold project. The report is expected to be finalized by Sept. 15, 2004. Alberta Star has completed over 8,500 metres of deep drilling over the past 12 months with its partner, Fronteer Development Group. Fronteer has filed a compliant NI 43-101 report dated March 7, 2003, on the Dixie Lake project. Alberta Star has significantly upgraded the resource potential of the Dixie Lake property, demonstrating that high-grade gold mineralization is present over significant widths and that the shoot geometry is both predictable and continuous over a vertical range of at least 400 metres. The Dixie Lake resource estimate will be prepared according to industry best practices, as defined by the CIMM. An appropriate geological model will be established in conjunction with developed economic parameters. Analysis will seek to establish the statistical and spatial character of the gold mineralization, in terms of grade, thickness variations, distribution of refractory versus free gold and the extent to which the nugget effect affects the mineralized sample population. The report will be comprehensive and will be the cornerstone of upcoming studies, evaluations and strategic planning for the company.
Alberta Star has provided and disclosed all material information regarding the Dixie Lake gold project and the company, and there are no undisclosed material facts about the company.
Drilling highlights within the 88-4 shoot are shown in the table below.
Drill hole Core length Gold
(m) (g/t)
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-04-04 4.0 11.0
Including 2.1 18.5
DL-04-05 2.0 7.4
Including 1.1 11.2
DL-04-06 8.2 10.9
Including 5.1 15.1
Including 2.3 27.7
DL-04-07 1.8 5.0
DL-03-06 4.3 5.8
Including 0.9 12.0
DL-03-08 4.0 12.5
Including 1.5 24.7
DL-89-09 2.8 15.6
DL-04-08 1.3 7.4
DL-04-10 1.5 9.3
Alberta Star provides more Dixie Lake assays
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 25,938,399
Last Close 7/13/2004 $0.235
Wednesday July 14 2004 - News Release
Also Fronteer Development Group Inc (TSX:FRG) News Release
Mr. Tim Coupland of Alberta Star reports
DRILLING RESULTS EXPAND SIZE OF GOLD SHOOT AT DIXIE LAKE GOLD PROJECT
Alberta Star Development Corp. has provided assays from the first three holes of a five-hole (2,500-metre) diamond drill program at the Dixie Lake gold project in Red Lake, Ont. Two of the holes have extended the recently discovered gold shoot within the 88-4 zone. Gold mineralization in these two holes was intersected over broad intervals (12 metres to 15 metres of core length), characterized by higher-grade sections (15 grams per tonne (g/t) to 20 g/t gold) containing some visible gold.
Drilling results -- drill holes DL-04-08 and DL-04-10:
DL-04-08 intersected 15.1 metres at 1.7 g/t gold including 1.3 metres at 7.4 g/t gold; and
DL-04-10 intersected 12.4 metres at 2.1 g/t gold including 1.5 metres at 9.3 g/t gold.
Drilling results (DL-04-09)
DL-04-09 deviated 30 metres to the southeast from its intended target and intersected the southeastern edge of the shoot. This hole returned 8.7 metres at 0.78 g/t gold including 1.5 metres at 1.5 g/t gold. Assays for holes DL-04-11 and DL-04-12 are pending and will be released upon receipt of assay data.
Geological long section through the 88-4 zone showing the shoot geometry
Drilling highlights within the 88-4 shoot are shown in the table below.
Drill hole Core length Gold
(m) (g/t)
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-04-04 4.0 11.0
Including 2.1 18.5
DL-04-05 2.0 7.4
Including 1.1 11.2
DL-04-06 8.2 10.9
Including 5.1 15.1
Including 2.3 27.7
DL-04-07 1.8 5.0
DL-03-06 4.3 5.8
Including 0.9 12.0
DL-03-08 4.0 12.5
Including 1.5 24.7
DL-89-09 2.8 15.6
DL-04-08 1.3 7.4
DL-04-10 1.5 9.3
Special thanks to Churak for that thought provoking grub.
Alberta Star to JV with Fronteer on Longtom project
Alberta Star Development Corp (TSX-V:ASX)
Shares Issued 25,938,399
Last Close 7/6/2004 $0.225
Wednesday July 07 2004 - News Release
Also Fronteer Development Group Inc (TSX:FRG) News Release
Also Northwestern Mineral Ventures Inc (TSX-V:NWT) News Release
Mr. Tim Coupland of Alberta Star reports
ALBERTA STAR COMPLETES JOINT VENTURE AGREEMENT WITH FRONTEER ON LONGTOM LAKE COPPER- GOLD-SILVER (OLYMPIC DAM TYPE) PROJECT, NWT.
Alberta Star Development Corp. has entered into an agreement with Fronteer Development Group Inc. on the Longtom project in Canada's Northwest Territories. Fronteer has, in turn, suboptioned the Longtom project to Northwestern Mineral Ventures Inc.
Pursuant to the agreement, Fronteer may earn a 75-per-cent interest in the Longtom project from Alberta Star by paying $15,000 in cash over three years and incurring exploration expenditures of $500,000. Fronteer will be the operator of the program during the earn-in period. The agreement is subject to TSX Venture Exchange approval.
A 2,500-metre drill program is currently under way to test a series of large geophysical anomalies that are associated with extensive alteration and locally with surface copper-gold mineralization.
Non-brokered private placement -- Nov. 13, 2003, correction
The TSX-V's bulletin in Stockwatch dated Nov 13, 2003, accepted for filing the company's private placement consisting of the sale of 1.33 million units at 15 cents each. The actual private placement that was closed involved the sale of 1,333,000 units. All other terms of the private placement as described in the exchanges notice were accurate.
Fronteer, Alberta Star begin Dixie Lake phase III
Alberta Star Development Corp ASX
Shares issued 25,938,399 Jun 18 close $0.245
Mon 21 Jun 2004 News Release
See (FRG) News Release
Mr. Mark O'Dea reports
FRONTEER COMMENCES PHASE III DRILLING PROGRAM ON DIXIE LAKE GOLD PROJECT
Fronteer Development Group Inc. has commenced a phase III drilling program
on the Dixie Lake gold project in Red Lake, Ont.
To date 14 diamond drill holes totalling 4,500 metres have been drilled by
Fronteer and partner Alberta Star Development Corp. (TSX-V: ASX). All holes
intersected and expanded the gold-bearing 88-4 zone, seven of which
delineated the upper section of a new high-grade gold shoot that is open
down plunge and continues to improve with higher grades and greater widths
at depth. The deepest drill hole to date (DL-04-06) intersected this new
shoot at 321 vertical metres and returned 11 g/t gold over 8.2 metres
including 15.1 g/t gold over 5.1 metres.
The current exploration program will include approximately 3,000 metres of
drilling to further test the down plunge extension of this new high-grade
gold shoot. A property-wide MMI survey will also be undertaken as a part of
the phase III exploration program in order to identify other drill ready
gold zones on the property.
Drilling highlights within this shoot are shown in the table below.
Core
length Gold
Drill hole (m) (g/t)
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-04-04 4.0 11.0
including 2.1 18.5
DL-04-05 2.0 7.4
including 1.1 11.2
DL-04-06 8.2 10.9
including 5.1 15.1
including 2.3 27.7
DL-04-07 1.8 5.0
DL-03-06 4.3 5.8
including 0.9 12.0
DL-03-08 4.0 12.5
including 1.5 24.7
DL-89-09 2.8 15.6
Tim still nibbling. Has added 20,500 more most @ .22
Alberta Star to raise $1.2-million privately
Alberta Star Development Corp ASX
Shares issued 25,938,399 Jun 15 close $0.235
Wed 16 Jun 2004 News Release
Mr. Tim Coupland reports
ALBERTA STAR TO RAISE $1.2 MILLION IN BROKERED PRIVATE PLACEMENT
Alberta Star Development has engaged Pacific International Securities Inc.
as agent for the private placement, on a best efforts basis, of up to 4.8
million flow-through common shares of Alberta Star at 25 cents each per
common share, for gross proceeds of up to $1.2-million. Alberta Star has
granted Pacific International a greenshoe option to cover overallotments,
which will allow it to offer up to 960,000 additional flow-through common
shares. The overallotment option may be exercised in whole or in part at
any time prior to the closing. The proceeds from the offering will be used
to finance continuing exploration and drilling of Alberta Star's Dixie Lake
gold project in Red Lake, Ont. The private placement is subject to TSX
Venture Exchange acceptance for filing.
Added another 107,000 to Tim's private holdings. Since May 1st he has added 65,000 shares most at .25
Alberta Star picks up two Red Lake options
2004-05-12 15:54 ET - News Release
Mr. Tim Coupland reports
ALBERTA STAR OPTIONS SHABU LAKE & DENT GOLD PROPERTIES IN RED LAKE, ONTARIO
Alberta Star Development has entered into two option agreements with a private Ontario company providing for the 100-per-cent interest in two strategically located gold exploration properties in the Red Lake gold belt. The Red Lake area remains one of the most significant and active gold camps in Canada, with historical gold production exceeding 20 million ounces at an average grade of 0.40 ounce per ton.
Option agreement -- Shabu Lake gold property
Alberta Star can earn a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in the Shabu Lake gold claims (72 mineral claim units) by:
1) paying $4,500 and issuing 25,000 shares on TSX Venture Exchange acceptance for filing; and
2) paying $90,000 in stages over four years and issuing 100,000 shares.
Alberta Star may purchase half of the 2-per-cent NSR for a one-time payment of $1-million.
Option agreement -- Dent gold property
Alberta Star can earn a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in the Dent property claims (62 mineral claim units) by:
1. Paying $6,000 and issuing 25,000 shares on TSX Venture Exchange acceptance for filing.
2. Paying $90,000 in stages over four years and issuing 100,000 shares.
Alberta Star may purchase half of the 2-per-cent NSR for a one-time payment of $1-million. Alberta Star will be responsible for cash payments and share issuances. The agreements are subject to TSX Venture Exchange acceptance for filing. Alberta Star is continually evaluating and seeking additional gold exploration opportunities and is continuing its aggressive property acquisition strategy in the Red Lake gold camp. The company is currently scheduling phase 3 deep drilling on the Dixie Lake gold project set to commence in June, 2004.
Dixie Lake grade gold project
Alberta Star has been granted an option to earn up to 50-per-cent 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 completes fourth Dixie Lake drill hole
2004-04-05 10:48 ET - News Release
Mr. Tim Coupland reports
ONGOING DRILLING AT DIXIE LAKE INTERSECTS 18.5 G/T GOLD OVER 2.1 METRES
Alberta Star Development has completed the fourth drill hole of its continuing drill program and intersected 18.5 grams per tonne gold over 2.1 metres at a vertical depth of 198 metres. Screen metallic and check assays are pending. The four drill holes completed to date continue to confirm the continuity of a newly defined high-grade gold shoot that remains open at depth. Results from holes DL-04-03 and DL-04-04 are as follows:
Drilling results
Hole DL-04-04 returned 18.5 grams per tonne gold over 2.1 metres. This interval is part of a wider mineralized zone that returned 11 grams per tonne gold over 4.0 metres and 4.8 grams per tonne gold over 10.6 metres. It was intersected at a vertical depth of 198 metres. Hole DL-04-03, which deviated approximately 30 metres to the west of its intended target, intersected the margin of the high-grade gold shoot and returned 2.6 grams per tonne gold over 5.0 metres. The zone was intersected at a vertical depth of 144 metres. This new gold zone, which continues to expand and improve with depth, is currently defined by the following drill intercepts.
Drill Width Au
hole (m) (g/t)
DL-04-04 4.0 11.0
incl. 2.1 18.5
DL-04-01 2.0 11.1
DL-04-02 1.0 10.3
DL-03-08 4.0 12.5
incl. 1.5 24.7
DL-89-09 2.8 15.6
DL-03-06 4.3 5.8
incl. 0.9 12.0
DL-03-05 21.0 1.8
incl. 1.2 5.3
Alberta Star confirms Dixie Lake gold mineralization
2004-03-22 10:24 ET - News Release
Mr. Tim Coupland reports
EARLY DRILL RESULTS CONTINUE TO CONFIRM HIGH GRADE GOLD MINERALIZATION AT DIXIE LAKE
Alberta Star's first two holes of a nine-hole drill program have been completed, and continue to intersect high-grade gold mineralization, confirming the geometry and continuity of gold mineralization on the Dixie Lake gold project. Gold mineralization was intersected in both holes, one of which contained visible gold over a four-metre-wide interval. Screen metallic and check assays are pending. Results to date are as follows.
Drilling results are as follows:
Hole DL-04-01 returned 11.1 grams per tonne gold over 2.0 metres hosted within a broader zone that assayed 3.8 g/t gold over 14.0 metres. The zone was intersected at a vertical depth of 134 metres.
Hole DL-04-02 returned 6.1 g/t gold over 3.6 metres hosted within a broader zone that assayed 2.8 g/t gold over 12.6 metres. The zone was intersected at a vertical depth of 183 metres.
These results continue to confirm that:
Gold mineralization is wide open at depth.
The property hosts Red Lake-style gold grades over minable widths.
High-grade gold mineralization is hosted within steeply plunging ore shoots that have demonstrated continuity.
"The size and vertical continuity of this gold bearing system indicate that the Dixie Lake property has the potential to develop into a world-class Red Lake-style deposit," said Fronteer president and chief executive officer Dr. Mark O'Dea. "We have determined the geometry of this high-grade gold shoot and are encouraged by the result of our first two follow-up drill holes."
This new gold zone, which continues to expand, is currently defined by the following drill intercepts:
Drill hole Width Gold
(metres) (g/t)
DL-04-01 14.0 3.8
including 2.0 11.1
DL-04-02 12.6 2.8
including 3.6 6.1
DL-03-08 4.0 12.5
including 1.5 24.7
DL-89-09 2.8 15.6
DL-03-06 17.0 2.9
including 4.3 5.8
including 0.9 12.0
DL-03-05 21.0 1.8
including 4.0 3.0
Updated ibox. Tim did some selling in the .36-.38 range but most recently bought 60,000 shares for .30-.32 March 17-18. A shrewd trader, no doubt he has his finger on the company's pulse.
Jim Puplava from http://www.financialsense.com/Market/wrapup.htm
"For the majors it is a tough call. Do you go out and try to find the ounces--a process that can take 5-7 years, or do you step up to the plate and pay up for gold that has already been discovered lying dormant in the ground in the portfolio of a junior exploration company. My analysis tells me they embark on an acquisition spree once they realize their precarious predicament. For many of the majors, their mine life has been declining. It is no longer a question of finding ounces anymore. It has become a question of survival. According to geologist H.R. Bullis, today’s VLGP’s are unlikely to survive at current production rates over the next decade. It is time to open the checkbooks and go get the ounces."
Rumblings from Stockhouse...
"Heard a report yesterday that stated Goldcorp was the potential buyer of Alberta Star. Since Goldcorp has seen their reserve in Red Lake increase, as stataed in their latest quarterly report, they apparently think that the Alberta Star/Fronteer property in the area is a slam dunk. Goldcorp has a ton of cash and already is in the area. Unsure of what the value would be set at but considering the amount they have pulled out of their own reserve, the asking price would be high. My guess would be in the $75-$100 million dollar range. Since ASX has 50% of the property, would see their share price valued at about $2.50. Would be a nice premium if it came to fruition."
Alberta Star Development Corp. Drilling has Commenced
Tuesday February 17, 12:55 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 17, 2004--Tim Coupland, President of Alberta Star Development Corp. (ASX), listed on the TSX Venture Exchange and on the 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. 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 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 and Mexico.
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.
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 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.
--------------------------------------------------------------------------------
Contact:
Alberta Star Development Corp.
Allan Feldman, 604-948-9663
Fax: 604-801-5499
Website: www.alberta-star.com
--------------------------------------------------------------------------------
Source: Alberta Star Development Corp
Alberta Star 2,715,000 flow-through share financing
Alberta Star Development Corp ASX
Shares issued 19,264,521 Jan 28 close $0.375
Thu 29 Jan 2004 Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect
to a non-brokered private placement announced Dec. 18, 2003.
No. of shares: 2,715,000 flow-through
Price: 25 cents per share
Warrants: For 2,715,000 shares
Warrant price: 45 cents for a one-year period; 55 cents in the second
year
Placees: 13 placees participated
Insider: Tim Coupland 200,000
Pro group: William R. Cawker 40,000
Finders' fees: $16,500 cash payable to Wolverton Securities Ltd. and
$3,000 cash payable to Pacific International Securities
More money for drilling Dixie...
Alberta Star raises $678,750 in flow-through financing
Alberta Star Development Corp ASX
Shares issued 19,264,521 Jan 28 close $0.375
Thu 29 Jan 2004 News Release
Mr. Tim Coupland reports
ALBERTA STAR COMPLETES $678,750 FINANCING
Alberta Star Development has completed its private placement announced in
Stockwatch Dec. 18, 2003, consisting of the sale of 2,715,000 flow-through
units at 25 cents each. Each unit consists of one common share and one-half
two-year share purchase warrant entitling the holder to purchase one
additional common share of the company for 45 cents in the first year and
for 55 cents in the second year. The securities issued through this
offering are restricted from trading until May 28, 2004.
Alberta Star, Fronteer to begin phase II at Dixie Lake
Alberta Star Development Corp ASX
Shares issued 19,264,521 Jan 23 close $0.36
Mon 26 Jan 2004 News Release
Also (FRG)
Mr. Tim Coupland of Alberta Star reports
CHECK ASSAYS INCREASE GOLD GRADES AT DIXIE LAKE -- DRILLS MOBILIZED FOR
PHASE II PROGRAM
Field crews and drill rigs have been mobilized for the phase II drilling
program on the Dixie Lake gold project in Red Lake, Ont. A 3,000-metre deep
drilling program will commence Feb. 1, 2004, and is expected to last
approximately 40 days.
The drill program
The objective of the program is to test the down-plunge extension of
high-grade gold mineralization that was intersected in a 10-hole drill
program completed in November, 2003. Gold mineralization was encountered 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. High-grade gold
mineralization is wide open at depth and the property is considered to have
the potential to host a greater than 500,000-ounce gold resource.
Check assays increase grade of high-grade zone
Recent check assays on drill core from the November, 2003, program have
increased the highest grade interval by 10.7 grams per tonne (g/t) gold.
Specifically, the interval in 03-DH-08, containing visible gold, increased
from 0.6 metre at 39.7 g/t gold to 0.6 metre at 50.6 g/t gold (1.9 feet at
1.5 ounces per ton). This high-grade intercept is part of an interval that
now runs four metres at 10.7 g/t gold (13.2 feet at 0.30 ounce per ton)
including 1.5 metres of 21.0 g/t gold. Bearing in mind that 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 gold project indicate that the property
hosts Red Lake-style grades over mining widths.
According to Fronteer's president, Dr. Mark O'Dea, "These results are
particularly encouraging as we embark on our second round of drilling on
the property to test the continuity of high-grade gold shoots down plunge."
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 been granted an option to earn up to a 50-per-cent
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 at an average grade of 0.575 ounce per ton and Goldcorp's
Red Lake mine which has produced over 3,736,704 ounces of gold at an
average grade of 0.434 ounce per ton in the Red Lake belt, Ontario.
The Alberta Star exploration team
Fronteer is the operator of the Dixie Lake gold project, which is
supervised by Fronteer's vice-president of of exploration Dr. Rick Valenta,
with technical input from president and chief executive officer, Dr. Mark
O'Dea, and Alberta Star's consulting geologist, Brian Game, PGeo. The
companies bring considerable expertise to the table with a strong history
of exploration and development in the Red Lake belt. Management and
implementation of projects are carried out by geological experts with solid
mineral exploration experience.
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http://ih.advfn.com/p.php?pid=squote&cb=1262819443&symbol=asxsd
A board dedicated to the tracking of Alberta Star. Opinion and discussion welcome.
Alberta Star Development Corp. is a Canadian mineral exploration company that identifies, acquires, finances advanced stage exploration projects in Canada. The Company is committed to creating long term shareholder value through the discovery of base, precious metals and uranium.
Alberta Star's objective is to create swift, substantial and sustainable returns on investment for its shareholders. The company's corporate objective is to identify, acquire and develop high potential, exploration projects world wide in a timely, responsible and cost-effective manner.
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