Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike
Star Mineral Corporation (OTCBB:KDSM) today announced that field work
conducted to date in the 2007 exploration season continues to confirm
and advance a number of promising gold targets at the Lone Star
project. After completing structural and delineation drilling on the
Lone Star zone last year, diamond and reverse circulation drilling is
proceeding on the Buckland zone and the Pioneer zone. These are among
nine known major exploration targets on the expansive 135.1 square
km/52.2 square mi property. Ongoing work on the Lone Star Project
includes bulk sampling, trenching, soil geochemistry and detailed
geological mapping.
The first diamond drill target tested this year was the Buckland
zone, an area which has returned multiple intersections of gold
mineralization for previous operators, but which has not been drilled
by Klondike Star. This zone lies about one kilometre/0.62 miles south
of the Lone Star zone and 0.5 kilometers/0.31 miles southeast of the
Nugget zone, and occupies an area roughly 800 meters/2624.7 feet by
300 meters/984.3 feet. The Buckland zone lies between Emile Gay Gulch
and Oro Grande gulch, which have been significant producers of placer
gold and are still being mined. Five holes have been completed in a
fence which cuts across the centre of the zone, and tests the best IP
anomalies identified by geophysical surveys in 2006. A total of 845
meters/2772.3 feet have been drilled in the holes completed, and 710
samples from the first 4 holes have been sent for analysis.
The reverse circulation drill was moved to the Pioneer zone, which
lies about 700 meters/2296.6 feet southeast of the Lone Star zone. The
Pioneer zone was the focus of underground exploration for gold in the
same era as the Lone Star mine (ca. 1911). Only 3 holes have
previously been drilled in this area, with hole 87R-47 returning 0.60
g/t gold over 50 meters/164 feet. A fence of several holes has been
drilled, starting from above the Pioneer shaft and progressing
northward downslope into a linear IP anomaly identified in 2006 which
is thought to be the eastward extension of the Lone Star zone. This
target is 200 meters/656.2 feet wide and at least 550 meters/1804.5
feet long; the holes planned here represent a 400 meter/1312.3 foot
step-out to the known Lone Star zone.
Five bulk samples have been processed from the Lone Star zone to
date in 2007. These samples were collected from the southern end of
trench 87TR-16, and continue to extend the sampling of this area
reported in 2006 (Press Release #3-2007: Klondike Star Releases Bulk
Sampling Results Including 1.33 G/T Over 24 Meters). The 2006 work at
this site included 10 contiguous bulk samples which cut the zone over
a 67 meter/219.8 foot length, and which proved the zone to be
continuously mineralized. The 5 samples collected in 2007 extend this
trend an additional 30 meters/98.4 feet.
A bulk test from a trench near the Pioneer zone is in progress -
this is the first bulk sample from the Pioneer zone. A small bulk test
from the 310 zone has also been processed. The 310 zone is a
continuous, narrow vein located about 1500 meters/4921.3 feet
southwest of Eldorado Creek on the Lone Star property. This vein has
returned chip samples up to 1.12 g/t gold over 1.32 meters/4.3 feet.
A cut-line grid totalling 20 line-kilometers has been completed in
preparation for geophysical surveys at the JF zone. A detailed soil
geochemical survey, with samples collected at 25 meter/82 foot
intervals on lines spaced 100 meters/328.1 feet apart is in progress
on this grid, and an IP survey is anticipated to start by early
September. An extension to the discovery trench is planned within the
next month. An area immediately south of the JF zone grid that had not
previously been geochemically sampled has been tested with 299 samples
over a 1 kilometer/0.62 mile square area.
Klondike Star, in conjunction with the University of British
Columbia Mineral Deposit Research Unit, has been developing an
exploration model for this area that combines an improved
understanding of the structural geology with compilation of other data
including airborne geophysics, geochronology, petrology and placer
gold characteristics and distribution. A geological map at 1:10,000
scale has been produced for the Eldorado Dome - Lone Star ridge area.
A detailed map of the Lone Star zone at 1:1,000 scale is also being
produced by company geologists.
Klondike Star's objective for the 2007 season at the Lone Star
property is to be able to significantly advance the Buckland, JF and
Pioneer targets, to improve the overall understanding and assessment
of the scope mineralization on the property, and to extend the Lone
Star zone a substantial distance to the east.
The Lone Star is an advanced-stage hard-rock exploration project
in the legendary Klondike gold-producing region, Yukon, Canada. An
in-depth scoping study is progressing towards scheduled release by
December 2007.
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.
