Klondike Star Mineral Corporation
OTC Bulletin Board : KDSM

November 15, 2005 15:16 ET

Klondike Star Intersects 2.74 g/t Gold Over 8.4 Metres

SEATTLE--(CCNMatthews - Nov 15, 2005) -

Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB:KDSM) is pleased to announce assay results from holes 7 to 12 of a 32 hole diamond drilling program conducted in 2005 on the Klondike property. Additional assay results will be released as assays are received, verified and compiled.

The 2005 diamond drilling program began at the Lone Star zone, with the first holes located 25m west from the open pit of the former producing Lone Star mine. Holes 7 to 12 were drilled on sections spaced 50m apart along the length of the Lone Star zone, with the objective of extending the main mineralized zone to the north and at depth, and confirming the results of previous drill programs. 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.

Highlights of the drilling, tabulated below, include 2.74 g/t gold over 8.4m, within a broader zone of 0.84 g/t gold over 44.0m in hole 05LS-12. True widths of the mineralized horizons have yet to be determined. The limit of the Lone Star zone has been determined on the southwest side, but the zone remains open to expansion to the north and at depth, and along strike in both directions.

Hole locations for the first 27 holes are shown on the accompanying map of the Lone Star zone; the final 5 holes were drilled at the Dysle and Veronika zones near Eldorado Creek. The holes reported here 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.



Assay
-----
Table
----- From To Interval GOLD
HOLE No. Azimuth DIP metres metres metres grams/tonne
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Lone Star Zone
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05-LS-07 200 -50 11.00 11.50 0.50 1.64
----------------------------------------------------------------------
and 18.00 39.00 21.00 0.29
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including 22.00 22.50 0.50 1.93
----------------------------------------------------------------------
including 35.00 36.00 1.00 2.49
----------------------------------------------------------------------
and 60.00 68.70 8.70 1.85
----------------------------------------------------------------------
including 60.00 61.00 1.00 12.81
----------------------------------------------------------------------
05-LS-08 200 -70 24.00 26.00 2.00 0.66
----------------------------------------------------------------------
61.00 62.00 1.00 1.52
----------------------------------------------------------------------
05-LS-09 200 -50 13.18 23.75 10.57 1.23
----------------------------------------------------------------------
including 21.10 22.10 1.00 6.90
----------------------------------------------------------------------
and 36.15 37.85 1.70 9.10
----------------------------------------------------------------------
including 36.56 36.71 0.15 32.79
----------------------------------------------------------------------
and 78.65 88.50 9.85 0.40
----------------------------------------------------------------------
including 79.65 80.15 0.50 1.94
----------------------------------------------------------------------
05-LS-10 200 -80 2.00 7.00 5.00 0.94
----------------------------------------------------------------------
including 4.00 5.00 1.00 3.53
----------------------------------------------------------------------
and 14.00 24.00 10.00 1.47
----------------------------------------------------------------------
including 19.00 23.00 4.00 3.18
----------------------------------------------------------------------
and 49.00 50.00 1.00 2.45
----------------------------------------------------------------------
and 68.00 79.00 11.00 0.99
----------------------------------------------------------------------
including 69.00 70.00 1.00 3.70
----------------------------------------------------------------------
and 115.00 115.80 0.80 1.98
----------------------------------------------------------------------
05-LS-11 200 -50 6.40 10.50 4.10 2.26
----------------------------------------------------------------------
and 28.00 34.00 6.00 0.65
----------------------------------------------------------------------
and 83.60 84.60 1.00 2.48
----------------------------------------------------------------------
05-LS-12 200 -80 20.00 21.00 1.00 6.25
----------------------------------------------------------------------
and 37.00 81.00 44.00 0.84
----------------------------------------------------------------------
including 37.00 43.00 6.00 1.62
----------------------------------------------------------------------
including 61.00 69.40 8.40 2.74
----------------------------------------------------------------------
including 63.00 64.00 1.00 10.89
----------------------------------------------------------------------
and 107.00 108.00 1.00 2.23
----------------------------------------------------------------------



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

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