Klondike Star Mineral Corporation
OTC Bulletin Board : KDSM

September 22, 2005 15:13 ET

Klondike Star Reports on the 2005 Summer Work Programs on Mineral Claims in the Klondike Mining District

SEATTLE--(CCNMatthews - Sep 22, 2005) -

Donald W. Flinn, Vice President, Operations is pleased to report that Klondike Star Mineral Corporation (OTCBB:KDSM) is nearing the completion of the 2005 summer work programs on its majority owned mineral claims in the Klondike Mining District.

The company began an 11,000 m. diamond drilling program, of which 4,830 meters (15,848 feet) have been completed in 32 holes, and the balance of this Phase 1 program will be completed at the beginning of the 2006 summer work program. To date there have been a total of 3,843 split core samples sent for ICP and metallic fire assay analysis.

The primary target has been the areas to the northwest and east of the Lone Star Mine. In total there have been 27 holes totaling 4,268 meters (14,100 feet) drilled in and around the original Lone Star Mine for the purpose of independently confirming previous work on the known mineralized zone and to produce inferred resource estimates. Angled holes have been drilled in pairs at 50m intervals along strike for 800m. Further, the drilling program is also testing the zone to greater depths than previous drilling programs and is testing extensions of the Lone Star zone to the northwest and to the southeast. Trenching at the historic Pioneer Mine, located 500m to the southeast of the Lone Star mine has been very encouraging, with visible gold identified in three new trenches in association with a felsic dyke.

A 1987 reverse circulation drill hole encountered 0.60 g/t gold over 60m in this area. Klondike Star believes that there is excellent potential to extend the Lone Star zone to the old Pioneer Mine workings. The total strike length of the Lone Star zone to date is estimated at 2,500m. The company is using HQ core size to provide structural and textual information and to reduce the gold nugget effect.

The remaining 5 drill holes have tested areas known as the Dysle Zone and Veronika Zone. The Veronika Vein is a high grade quartz vein and stockwork system discovered in June/05 during road building work. The Dysle Zone is a high-grade zone that appears to be an extension of the Buckland Zone. Both zones are located within 100m uphill from Eldorado Creek on the south side of the mountain. These tests consist of 562 m. (1,854 ft.) of drilling.

The mini bulk testing facility on-site has been processing bulk samples to determine the true grade of surface mineralized zones using gravity separation of material from trenches at 4 sites on the mountain. A new final clean-up washing table is presently processing completed tests and results will be sent for analysis.

Surface trenching work continues, with 10 new trenches totaling over 1,200m to date and 300 new chip samples. Trenches are chip sampled on 2m to 5m intervals.

The company has successfully acquired a new package of mineral claims totaling 60 claims in the central area of the Klondike Plateau. Working in conjunction with Dr. James Mortensen from University of British Columbia the company is following a theory that possibly four underground sources may exist and account for the majority of the lode gold mined from surficial deposits in the Klondike Mining District. The focus of the exploration continues on Eldorado Dome, site of the original Lone Star Mine, with implications for path-finding that may contribute to lode sources of gold in other drainages on the Klondike plateau.

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