SEATTLE, September 6 /CNW/ - 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
For further information:
For further information: Klondike Star Mineral Corporation Investor
Relations: Wayne Cousins, 800-579-7580