Full-Scale Exploration Commences on the New Dominion Project.SEATTLE -- Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KDSM KDSM Korea Defense Service Medal (US DoD) ) is pleased to report that a comprehensive exploration program is being launched on the company's newest major property in the Klondike, Yukon The Klondike or Clondike is a region of the Yukon Territory in northwest Canada, east of the Alaska border. It lies around the Klondike River, a small river that enters the Yukon River from the east at Dawson. , Canada. The goal is to consolidate and ground-truth previous exploration results, advance knowledge of the mineral resources, and identify future drill targets on a systematic and expedited basis. At the headwaters of Dominion Creek, the Dominion Project consists of 224 claims totaling 45 square kilometers. Klondike Star holds 100% or majority interest in 168 claims and an exclusive option to purchase 56 claims. Since 1999, a portion of the property was explored by KSL KSL - Knowledge Systems Laboratory Exploration (Yukon) Limited, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Klondike Source Limited including drilling, soil sampling, and trenching. Before that, United Keno Hill Mines Limited, longstanding operator of gold and silver properties, such as the Elsa and Keno Hill mines, invested significant effort on the other portion of the property. Klondike Star's total mineral rights holdings in the Klondike have grown to 350 square kilometers. "The Dominion Project adds to Klondike Star's strategic positioning in one of the world's most productive gold producing areas, the Klondike in Yukon, Canada. We believe there is exceptional mineral potential in this property", said Hans Boge, President of Klondike Star Mineral Corporation. The 2006 summer exploration program will be headed up by a separate, dedicated team of geologists with previous experience on the property. The program will include detailed mapping, extensive chip sampling, assessment of 65 existing trenches, selective bulk sampling and processing through the Eldorado test milling plant. A satellite camp is being installed to support project operations. About Klondike Star Klondike Star Mineral Corporation is an established exploration and development company actively working on seven major properties in the Yukon Territory, Canada. Klondike Star Mineral Corporation is developing mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones on a 350 square kilometer land position underlying the site of the Klondike Gold Rush Klondike gold rush Canadian gold rush of the late 1890s. Gold was discovered on Aug. 17, 1896, near the confluence of the Klondike and Yukon rivers in western Yukon Territory. The news spread quickly, and by late 1898 more than 30,000 prospectors had arrived. , and 88 square kilometers of select high potential targets in other parts of the Yukon. The famous Klondike goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. 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 owns extensive subsurface and 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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