Alberta Star Appoints Michael Bersch B.Sc., M.Sc., Ph.D., as Chief Geologist
Alberta Star Development Corp. (the “Company”) listed on the TSX Venture Exchange (ASX), on the OTCBB (ASXSF) and on the Frankfurt Exchange (QLD), is pleased to announce that the Company has appointed Dr. Michael Bersch as Chief Geologist. Dr. Bersch holds a Ph.D. in geology from the University of New Mexico. Most recently he served as Assistant to the Vice President for Research, Director of Central Analytical Facility, and adjunct professor of Geology at The University of Alabama, where he taught courses in economic geology, analytical instrumentation, physical and historical geology. Dr. Bersch is a licensed professional geologist (Alabama), AIPG certified geologist, a Fellow in the Society of Economic Geologists, and member of numerous other geological organizations. Dr. Bersch has extensive experience having worked in precious metals, base metals, uranium, and oil and gas exploration and development for over 20 years on projects in the US, Australia, Canada, and Latin America. He was a “hands-on” project manager with two successful gold mining operations which included the Golden Reward Mine located in South Dakota as VP of Exploration with Moruya Gold Mine NA, the Pauper’s Dream mine located in Montana and as Director and VP of exploration with Pangea Resources Ltd. He also holds a Law Degree from The University of Alabama School of Law and is a licensed attorney in the State of Alabama. Dr. Bersch served on the Investigation & Enforcement Committee of the Alabama Board of Licensure for Professional Geologists which monitors the practices of Alabama licensed professional geologists. The Company believes that Dr. Bersch’s proven leadership, combined with his strong technical expertise and strengths in mineral exploration and mining will assist the Company in acquiring additional advanced stage mineral exploration projects. The Company currently has approximately $20 million in cash that is fully liquid and held with a large Canadian commercial bank. The Company has no debt.
ELDORADO & CONTACT LAKE-5 YEAR CLASS “A” DRILLING PERMITS ISSUED-FULLY PERMITTED
The Company has been granted two amended five-year Sahtu Land & Water Board Class “A” Land Use Permits amendments (Eldorado/Glacier Lake and Contact Lake) for long term diamond drilling at both the Eldorado & Contact Lake Projects. The Eldorado/Glacier Lake Permit (Permit No. SO5C-012) is valid until April 26, 2013 and the Contact Lake permit (Permit No.S05C-002) is valid until August 24, 2012. The Company has also submitted a formal application for a third drill permit to the Sahtu Land and Water Board (SLWB). This third “5-Year” drill permit application was submitted in April 2007 and has requested 15,000 meters of drilling per year, over a five-year period for a total of 75,000 meters which includes the area of the recently discovered Eldorado South IOCG and uranium anomaly. The permit (Permit No. S07C-008) was deemed complete on May 30, 2008 by the Sahtu Land & Water Board. This prospective IOCG & uranium target is being prepared for reconnaissance and detailed sampling and mapping.
THE ELDORADO & CONTACT LAKE IRON OXIDE COPPER, GOLD, SILVER AND URANIUM PROJECTS
The Eldorado & Contact Lake Permit Areas are located on the east side of Great Bear Lake in Canada’s Northwest Territories. The permit areas are situated 470 kilometers north of the city of Yellowknife. The total size of the Eldorado & Contact Lake Permit area covers over 113,488.09 acres in size. The Eldorado IOCG Project area includes two past producing high grade silver and uranium mines, the Echo Bay silver mine which produced 23,779,178 ounces of silver and the Eldorado uranium mine which produced 15 million pounds of uranium and 8 million ounces of silver. Olympic Dam volcanic hosted hydrothermal iron-oxide copper, gold style of deposits are attractive targets for exploration and development due to their poly-metallic nature, high unit value and enormous size and grade tonnage potential.
ALBERTA STAR DEVELOPMENT CORP.
Alberta Star is a Canadian mineral exploration company that identifies, acquires, finances advanced stage mineral exploration projects in Canada. The Company is committed to creating long term shareholder value through the discovery of base and precious metals and uranium.
Investors are welcomed to contact Mr. Allan Feldman, Alberta Star’s Investor Relations and Corporate Communications Specialist, for all corporate updates at (604) 948-9663 and in Quebec, Mario Drollet at MI3 Corporate Communications (514) 904-1333.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland. President and CEO
Alberta Star Development Corp.
Tel 604.681.3131 Fax 604.408.3884
ALBERTA STAR DEVELOPMENT CORP.
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
This news release contains certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. For further information investors should review the Company’s filings that are available at www.sedar.com or contact Tim Coupland, President at (604) 681-3131.