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ASX in Red Lake camp:

Alberta Star options 50% Dixie Lake stake from Fronteer

Alberta Star Development Corp ASX
Shares issued 14,415,216 Oct 1 close $0.17
Thu 2 Oct 2003 News Release
Also (FRG)
Mr. Tim Coupland of Alberta Star reports
ALBERTA STAR SIGNS FORMAL OPTION AGREEMENT ON FRONTEER'S DIXIE LAKE GOLD
PROJECT- DRILLING SCHEDULED TO COMMENCE MID-OCTOBER
Alberta Star Development has signed a formal agreement with Fronteer
Development Group granting Alberta Star 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. The agreement is subject to TSX Venture Exchange
acceptance for filing.
Dixie Lake high-grade gold project
The Dixie Lake property represents one of the most attractive undeveloped
resource areas in the Red Lake gold belt, which is currently ready for
drilling. Of the historical drilling conducted on the Dixie Lake property
by Teck Corp. (from the 88-4 zone), 10 intersections ranged from 10 grams
per tonne grams per tonne to 34.2 grams per tonne gold, 42 intersections
ranged from five grams per tonne to 10 grams per tonne gold and 113
intersections ranged from two grams per tonne to five grams per tonne. In
addition to being virtually untested below 150 metres, there are clear
high-grade targets as shallow as 50 metres, and the aeromagnetic data
confirm that the 88-4 zone is open along strike.
Drilling commences mid-October
A $300,000, 10-hole drill program targeting gold intercepts is scheduled to
commence mid-October. A contract has been signed with Chibougamau Diamond
Drilling Ltd. for a drill program comprising for a minimum 2,000+ metres,
to commence in mid-October. It is estimated that 25 per cent of the drill
campaign will involve drilling oriented core -- a technique that measures
the 3-D orientation of critical gold-bearing zones to allow more precise
targeting of high-grade plunging shoots at depth. This program will focus
on testing the down plunge continuation of high-grade plunging shoots
within the 88-4 zone, as well as testing additional high-priority targets
peripheral to the zone.
As part of the preparation prior to drilling, Fronteer has completed a 3-D
Gemcom block model of the 88-4 zone to better constrain the distribution of
gold grade and visualize the shape and orientation of high-grade shoots.
The structural and geological modelling will greatly enhance the database
and drill targeting. Given the dimensions of the gold system and its
potential for high-grade gold mineralization, the 88-4 zone and its newly
identified extensions represent an outstanding high-grade gold target. The
Alberta Star and Fronteer geological team are confident that the inferred
gold resource of the property will be expanded through the upcoming drill
program.