Klondike Star Mineral Corporation
OTC Bulletin Board : KDSM

October 11, 2005 12:54 ET

Klondike Star Announces Collaborative Research Project

SEATTLE--(CCNMatthews - Oct 11, 2005) -

Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB:KDSM) is pleased to announce that it is finalizing arrangements with the Mineral Deposit Research Unit (MDRU) at the University of British Columbia to further fund a collaborative program of scientific research in the Klondike gold fields under the direction of professor Jim Mortensen. The study will consist of two major components: structural mapping leading to a revised bedrock geological map of the Klondike region, and a study of gold grain composition and the relationships between lode and placer gold.

An initial field program, supported by the company was conducted during the summer of 2005. Professor Mortensen and post-doctoral fellow Mike Begbie began structural studies and mapping for a three week period in June. Professor Rob Chapman of the University of Leeds, U.K. began fieldwork with professor Mortensen in July for a study of gold grain composition from the placer streams and hard rock occurrences in the Klondike. This study will combine the microchemical characterization of gold grains technique developed at Leeds with the laser-ablation inductively coupled plasma mass spectrometer facility at UBC to characterize Klondike gold. This will result in a "fingerprint" for gold grains, and lead to an advance in the understanding of the placer gold and its bedrock sources.

Klondike Star will provide funding and field support for these studies, and company geologists will work in collaboration with the researchers to improve the overall understanding of the geology of the Klondike and its gold resources. It is anticipated that this work will lead to better exploration models for this area, and increase our probability of success.

About Klondike Star

Klondike Star Mineral Corporation is developing 5 mineralized zones on a 250 square km land position underlying the site of the Klondike Gold Rush, and select high potential targets in other parts of the Yukon.

The famous Klondike goldfields have been in constant surface mining production since the discovery of gold in 1896. Thousands of ounces of gold continue to be produced from placer mining operations each year on streams in the Klondike. The company also owns extensive surface mining rights in the Klondike Mining District.

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.

Contact Information

  • Klondike Star Mineral Corporation
    James West, 800-579-7580