Klondike Star Mineral Corporation
OTC Bulletin Board : KDSM

January 24, 2006 12:34 ET

Klondike Star Intersects 1.67 g/t Gold Over 61.7 Metres

SEATTLE--(CCNMatthews - Jan 24, 2006) -

Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB:KDSM) is pleased to announce assay results from holes 24 to 27 of an HQ diamond drilling program conducted in 2005 on the Klondike property. Highlights, tabulated below, include 1.03 g/t gold over 57.24m in hole 26, and 1.67 g/t gold over 61.74m in hole 27.

The 2005 diamond drilling program began at the Lone Star zone, near the open pit of the former producing Lone Star mine. Pairs of holes were drilled spaced 50m apart along the length of the Lone Star zone. Holes 26 and 27 were drilled to confirm a 1990 reverse circulation rotary drill hole (hole 90R-18) which encountered substantial mineralization: 1.68 g/t gold over 56.4m. Hole 26 was a twin to vertical hole 90R-18, while hole 27 was drilled at -70 degrees to the south-southwest from the same collar. These holes are located on the south central part of the zone, and lie on the same cross-section as previously released drillholes 7 and 8, and holes 24 and 25. Holes 26 and 27 are collared 80m south-southwest of holes 7 and 8. The results are consistent with the "nugget effect" style of mineralization common on the property. The Lone Star zone has a minimum strike length defined by drilling of 800m, open in both directions. Previous drilling conducted in the period between 1986 and 1993 was mostly limited to about 60m depth, and was a combination of reverse circulation, percussion and diamond drilling.

Holes 24 and 25 were drilled to the north of the main trend of the Lone Star zone, on the same cross-section and azimuth as previously released drillholes 7 and 8, and collared 65m to the north-northeast. Highlights from holes 24 and 25, tabulated below, include 4.13 g/t gold over 1.0m and 0.39 g/t gold over 21.0m in hole 24. These results indicate that the Lone Star zone remains open down dip to the north, with a minimum dip length of 165m on this section. The Lone Star zone has a minimum strike length defined by drilling of 800m, open in both directions. The holes also confirm that the zone dips gently to the northeast, slightly more steeply than the topographic slope.

Hole locations for the first 27 holes are shown on the company website map of the Lone Star zone; the final 5 holes were drilled at the Dysle and Veronika zones near Eldorado Creek. The holes reported to date from the Lone Star zone all successfully delineated low grade mineralization over substantial widths, many of which contain narrower intervals of higher gold grade. Gold on the 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. The mineralized horizon at Lone Star trends northwest and dips gently to the northeast. Previous drilling conducted in the period between 1986 and 1993 was mostly limited to about 60m depth, and was a combination of reverse circulation, percussion and diamond drilling.



Assay Table From To Interval GOLD
---------------------------------
HOLE No. Azimuth DIP metres metres metres grams/tonne
----------------------------------------------------------------------
05-LS-27 - -70 4.26 66.00 61.74 1.67
----------------------------------------------------------------------
including 12.00 61.00 49.00 2.01
----------------------------------------------------------------------
including 12.00 19.00 7.00 2.57
----------------------------------------------------------------------
including 38.00 61.00 23.00 3.23
----------------------------------------------------------------------
including 38.00 39.00 1.00 13.41
----------------------------------------------------------------------
including 54.00 55.00 1.00 22.15
----------------------------------------------------------------------
05-LS-26 200 -90 4.26 61.50 57.24 1.03
----------------------------------------------------------------------
including 13.00 57.50 44.50 1.28
----------------------------------------------------------------------
including 20.00 32.00 12.00 1.99
----------------------------------------------------------------------
including 30.00 31.00 1.00 6.50
----------------------------------------------------------------------
including 41.50 50.90 9.40 1.98
----------------------------------------------------------------------
including 49.85 50.90 1.05 10.45
----------------------------------------------------------------------
05-LS-25 200 -70 47.00 63.60 16.60 0.15
----------------------------------------------------------------------
including 48.00 48.95 0.95 1.02
----------------------------------------------------------------------
including 63.00 63.60 0.60 1.25
----------------------------------------------------------------------
05-LS-24 200 -90 10.00 11.00 1.00 4.13
----------------------------------------------------------------------
and 85.00 106.00 21.00 0.39
----------------------------------------------------------------------
including 95.40 98.00 2.60 1.51
----------------------------------------------------------------------
including 105.00 106.00 1.00 1.76
----------------------------------------------------------------------



HQ size drill core is delivered to the core shack by the drill contractor, Advanced Drilling Ltd., 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 sampled by analytical procedure 1DX for 36 elements by ICP-MS. Where gold is found to be greater than 100ppb by ICP-MS, the samples are reprocessed using the metallic sieve fire assay procedure on a 500 gram split.

About Klondike Star

Klondike Star Mineral Corporation is developing 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