Message #53 From:
NewsBot Date: January 18, 2007 12:19:00 PM
KDSM News Klondike Star Releases Final 2006 Drilling and Lone Star Project Mineralization Still Expanding Without Limits
SEATTLE--(BUSINESS WIRE)--Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike Star
Mineral Corporation (OTCBB:KDSM) today released information on the final
2006 diamond drilling for the Lone Star Project, with results from holes
19 to 23 drilled at the northwest end of the drill-defined Lone Star
Zone. These are the final drill results from the 2006 diamond drilling
program at the Lone Star Project. The Lone Star Zone is one of four
primary gold exploration targets in the 58.7 square mile (152 square
kilometer) Lone Star Project which forms part of the Company holdings in
the Klondike Region of the Yukon, Canada.
Holes 19 to 22 are located in the headwaters of O’Neil
Gulch, and represent a step-out to the northwest of the Lone Star zone
as defined by drilling in 2005 and previously. All holes intersected
anomalous to low grade gold values over significant widths, for example
111.3 meters grading 0.17 g/t gold in hole 20, as well as local higher
grade intervals up to 2.18 g/t gold over 3.0 meters in hole 19.
Hole 23 was drilled beneath a 1987 trench along the west side of the
Lone Star Zone, and which was the location of a series of bulk samples
processed in 2006. This hole returned 0.46 g/t gold over 40.0 meters,
including 8.40 g/t gold over 0.8 meters. The results from the bulk
samples, as well as from related 1m chip samples along the trench will
be released shortly.
The Lone Star Zone has now been drill tested over a strike length of 900
meters with a potential strike length of over 3,500 meters and remains
open. Mineralization is present across widths of tens to hundreds of
meters along this length. The Zone is open to expansion to the
northwest, to the east, to the north and at depth.
This area northwest of the drill-holes discussed here was tested by an
IP geophysical survey in 2006 (the Lone Star West grid). When the
interpreted results of this survey are available, it is expected to help
refine drill targets for the 2007 drilling season.
About the Lone Star Project
Lone Star is an advanced exploration stage project that is being studied
for mine development. Of its eight projects, Klondike Star is currently
focussing exploration efforts at the majority-owned Lone Star Project.
It is comprised of 1,056 mineral claims and crown grants involving an
area of 152 square kilometres (or 58.7 square miles) including the Lone
Star Zone, the Nugget Zone, the Buckland Shear Zone and the
27-Pup-Dysle-Veronika Zone. All four zones extend over large areas with
excellent opportunity for the existence of multiple mineralized zones,
along both strike and dip. They belong to a class of structures which
have potential for large, medium-grade, bulk-tonnage ore bodies.
Gold on the Lone Star property is present as coarse free gold, with
pyrite in disseminations, and locally is associated with narrow
discordant quartz veins. The mineralized zones are associated with
quartz-carbonate-pyrite alteration, and are hosted by felsic
metavolcanic schist.
HQ size drill core is delivered to the core shack by the drill
contractor, where the geological staff photographs and logs the core for
geological and geotechnical details. The core is then sawn in half
lengthwise using a diamond saw, with half core retained for future
examination. The half core samples are sealed and shipped via surface
freight to Acme Analytical Laboratories Ltd. of Vancouver, B.C., an ISO
9001:2000 accredited facility, where the core is dried, crushed and
analyzed for gold by metallic sieve fire assay.
About Klondike Star
Klondike Star Mineral Corporation is an established exploration and
development company actively working on eight major properties,
totalling 463 square kilometers or 179 square miles in the Yukon,
Canada. The company is developing extensive surface and subsurface
mineralized zones on a 370 square kilometer or 143 square mile land
position underlying the site of the Klondike gold-producing region in
the Dawson mining district. These holdings include, but are not limited
to properties known as the Lone Star Project and the Indian River Placer
Project, both advanced stage exploration. Additionally, Klondike Star
holds interests in 93 square kilometers or 36 square miles of select
high potential targets for gold, base and precious metals in the Watson
Lake and Whitehorse mining districts of the Yukon.
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results
from new products or actions in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also contain
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Since this information may contain statements that involve risk
and uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
