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.
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*T
Diamond drilling results, holes 19-23
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ASSAY TABLE From To Interval GOLD
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HOLE No. Azimuth DIP metres metres metres grams/tonne
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06-LS-19 -- -90 47.00 50.80 3.80 0.20
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75.00 79.30 4.30 0.26
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97.00 100.00 3.00 2.18
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108.00 110.00 2.00 1.09
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06-LS-20 -- -90 10.80 122.10 111.30 0.17
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including 71.00 72.00 1.00 1.16
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including 90.00 110.00 20.00 0.39
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including 93.00 94.00 1.00 1.81
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06-LS-21 200 -50 14.00 26.00 12.00 0.38
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including 22.38 26.00 3.62 1.01
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and 68.00 69.00 1.00 2.07
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and 115.00 146.00 31.00 0.12
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06-LS-22 -- -90 40.00 68.20 28.20 0.16
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including 67.70 68.20 0.50 1.25
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06-LS-23 200 -50 6.00 46.00 40.00 0.46
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including 23.70 25.90 2.20 3.79
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including 23.70 24.50 0.80 8.40
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*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.
