This news release went out today:
Date: September 3, 1998
For Immediate Release
Release: Series 98 Release 009
Alberta Star Completes Summer Field Exploration Program
on the Mazenod-Squirrel Lakes Property
Alberta Star Mining Corp. (ASE: ASC) (the "Company", "Alberta Star") is pleased to report that further to tthe news release of July 14, 1998, the summer field program on the Mazenod-Squirrel Lakes property has been completed and crews have returned from the field. Work, under the direction of Dr. Sunil Gandhi, was concentrated in two areas of the 16km long mineralized belt that occurs on the property and which to the north hosts the Sue-Dianne deposit and to the southeast hosts the Lou Lake (NICO) deposit, both of which are being actively explored by Fortune Minerals Limited (TSE: FT).
In the southern part of the property ground exploration was completed on a newly established (Upper Bea Lake) control grid comprising 46km of control line over an area of large coincident airborne magnetic, potassium and Th/K ratio anomalies southeast of Squirrel Lakes. The work included geologic mapping, prospecting and ground magnetic and spectrometric surveys. Samples of magnetite and pyrite-chalcopyrite veins found on the grid have been sent for assay.
In the northern part of the property the Nod prospect near Mazenod Lake was re-examined by Dr. Gandhi who re-logged the core from the four holes drilled by Moss Resources Inc. (TSE: MRS) in 1997. His review of the Nod information is allowing a new appraisal of the mineral potential of this target.
Detailed study and evaluation of the results is currently underway by Dr. Gandhi and by Alberta Star. An initial review of the data collected is very positive and confirms the hypothesis that the potential for large-tonnage, open-pittable deposits exists on the property. Although specific targets for drilling cannot be chosen until the study is complete, it is certain that diamond drill testing will be forthcoming in both the Nod prospect area and in the Upper Bea Lake grid area.
Alberta Star's emphasis is to search for large tonnage polymetallic deposits containing such elements as gold, silver, copper, cobalt, bismuth, tungsten and uranium. The Great Bear magmatic zone ("GBmz") has several examples of this deposit type including the Lou Lake (NICO) deposit containing a drill-indicated resource of 128 million tonnes recently outlined by Fortune Minerals Limited (TSE: FT). Definite examples of this deposit type, the NOD and Damp prospects, outcrop on the highly prospective ground held by Alberta Star Mining Corp.
For More Information:
Ian Klassen or Jonathan Burke (604) 488-1111 OR
Ed Bergsteinsson
(416) 777-6776
On Behalf of the Board of Directors:
Dr. K. Warren Geiger
VP Exploration & director
Alberta Star Mining Corp.
The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. Newswire Services or for dissemination in the United States. |
