Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike
Star Mineral Corporation (OTCBB:KDSM) is pleased to announce the
results from holes 14 to 18 drilled to the northwest of the Lone Star
Zone and related trenching from this area late summer. The Lone Star
Zone is one of four primary gold exploration targets in the 58.7
square mile (152 square kilometer) project.
These diamond drilling and trenching results are significant as
they confirm that the Lone Star Zone continues to remain open in every
direction. In particular, they add confidence the Lone Star Zone has
potential for an additional northwest strike extension of at least 700
meters to 1000 meters beyond the previously drill defined 800 meter
strike length. The zone is also open to expansion to the east and in
places to the north and at depth.
"These results continue to validate the Company's fundamental and
promising appraisal of the Lone Star properties", says Bill Mann,
M.Sc., Manager of Exploration. "The Lone Star represents an extensive
mineralized area with a large tonnage, low grade gold resource
augmented by higher grade zones that warrants continued exploration
and intensive evaluation for potential mine feasibility and
development".
These holes located in the O'Neil Gulch area are up to 775 meters
northwest of any previous drilling, and all intersected anomalous to
low grade gold values over significant widths. Of particular interest
are holes 15 and 16, which were both terminated at less than 33 meters
length, well before reaching their target, and intersected up to
0.66grams/tonne gold over 13.72 meters at the bottom of hole 16.
These holes are the most northwesterly holes drilled at the Lone
Star Zone, and were testing an area where an old hand dug shaft was
located, containing gold-bearing quartz veins. Holes 15 and 16,
drilled from the same setup, intersected highly altered and faulted
rock thought to be related to a low angle thrust fault which underlies
the main Lone Star zone at depth. The thrust fault is thought to be an
important structure for ground preparation prior to gold
mineralization.
Trenching 300 meters beyond these holes intersected further
broadly anomalous rocks along the Lone Star trend. Trench 06TR-07 is
340 meters long, and returned anomalous to interesting chip sample
values over a 185 meters length, up to 279 ppb gold over 5 meters.
This area northwest of the previously drilled Lone Star Zone was
tested by IP survey on the Lone Star West grid this summer. When the
interpreted results of this survey are available, it is expected to
help refine drill targets for the 2007 drilling season.
Hole 06LS-14 is thought to have tested rocks just below the thrust
fault, which are thought to have lower potential to host gold
mineralization than those above it. Holes 06LS-17 and 18 were drilled
from a single setup midway between the Lone Star Zone and holes 15 and
16. These holes were drilled beneath a 2005 trench which returned
anomalous values near the interpreted north side of the Lone Star
trend.
Subsequent to these holes, the drill was moved to the northwest
end of the Lone Star Zone to test for extensions of the mineralized
zone. Diamond drilling for 2006 was completed at the end of October
and results from holes 19-23 are forthcoming.
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 Sheer 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.
Diamond drilling results, holes 14-18
-0-
*T
ASSAY TABLE From To Interval GOLD
-------------------------
HOLE No. Azimuth DIP metres metres metres grams/tonne
----------------------------------------------------------------------
06ON14 -- -90 88.00 92.00 4.00 0.19
----------------------------------------------------------------------
06ON15 200 -60 11.00 28.00 17.00 0.36
----------------------------------------------------------------------
including 16.85 24.50 7.65 0.65
----------------------------------------------------------------------
060N16 237 -60 12.80 26.52 13.72 0.66
----------------------------------------------------------------------
06-LS-17 185 -80 22.40 25.20 2.80 0.72
----------------------------------------------------------------------
and 49.00 52.00 3.00 0.67
----------------------------------------------------------------------
and 94.00 94.70 0.70 1.32
----------------------------------------------------------------------
and 111.80 115.60 3.80 0.81
----------------------------------------------------------------------
including 112.50 113.50 1.00 2.01
----------------------------------------------------------------------
06-LS-18 185 -50 58.00 59.00 1.00 0.52
----------------------------------------------------------------------
and 102.00 103.00 1.00 0.74
----------------------------------------------------------------------
and 124.00 133.00 9.00 0.21
----------------------------------------------------------------------
*T
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.
