Killdeer Minerals Inc.
TSX VENTURE : KMI

Killdeer Minerals Inc.

December 03, 2009 14:20 ET

Killdeer Minerals Inc. Expands Gold Belt Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2009) - Killdeer Minerals Inc. (TSX VENTURE:KMI) ("Killdeer" or the "Company"), has acquired, by staking, two claims which cover an area of 8,577 hectares which adjoin and expand the Company's Gold Belt property in the La Ronge area of Saskatchewan (follow this link to map). Several gold-bearing shear-hosted quartz veins occur on the original Gold Belt claim and sampling by Killdeer confirmed high-grade gold values from these occurrences (see Killdeer news release, November 12, 2009). The newly staked claims cover other, similar, shear-hosted quartz vein occurrences. One of these, the Vidgy showing, was tested by limited trenching and drilling by a previous operator in 1988-89. Trenching exposed a 1 to 2.5 meter wide shear zone.

Grab samples from the trenched exposure returned values including: 72.0 grams per tonne gold (2.10 ounces per ton), 38.7 grams per tonne gold (1.13 ounces per ton), 29.2 grams per tonne gold (0.85 ounces per ton), and >100 grams per tonne gold (>2.9 ounces per ton). Representative chip samples from trenching graded: 9.2 grams per tonne gold (0.27 ounces per ton gold) over 2.0 meters, 4.8 grams per tonne gold (0.14 ounces per ton gold) over 2.7 meters, 6.2 grams per tonne gold (0.18 ounces per ton gold) over 2.5 meters.

Visible gold was reported in almost all sections sampled and some elevated gold values were also returned from drilling.

In addition to the gold potential, the Gold Belt property is prospective for magmatic copper-nickel-PGE (platinum-group) mineralization. MacDonald Mines Exploration Ltd. is actively exploring for this style of mineralization on the Nielsen-Chisholm property, 4 kilometres to the southwest of the Gold Belt property (see MacDonald Mines news release, September 9, 2009). Killdeer's newly staked claims cover the Triangle Lake magmatic Cu-Ni occurrence, within the layered Bassett Lake ultramafic complex. Exploration at the Triangle Lake showing in the 1950s and 1960s exposed zones of massive to semi-massive magnetite and pyrite-pyrrhotite-chalcopyrite-pentlandite. Grab samples from trenches returned results of 0.82% copper, 0.21% nickel and 0.35% cobalt and limited "definition drilling" outlined a 900 meter long by 60 meter wide by 150 meter deep historic resource of 27 million tonnes grading 20% iron. This historical resource estimate was prepared prior to the implementation of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Killdeer has not conducted any work to verify the historical resource estimate at the Triangle Lake showing, nor is the Company aware of any more recent resource estimate or data for the Triangle Lake showing which does conform to the standards of NI 43-101. Killdeer does not consider the historical estimate to be a current mineral resource and cautions readers that it should not be relied upon.

Killdeer has not completed any work or independent sampling on the newly staked Gold Belt claims. All of the analytical results described in this release are historic results from work by previous operators which have not been verified by Killdeer and which the Company considers valid only as an indication of potential targets that should be assessed. Killdeer is presently compiling the results of the previous work on the Gold Belt property in order to plan further exploration on the claims.

Linda Caron, M.Sc., P.Eng. is the qualified person under NI 43-101 who has reviewed and approved the technical content of this news release.
 

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "Michael Elson"
Michael Elson,
President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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