Klondike Star's Indian River Placer Project Advances.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 announce that Klondike Star Mineral Corporation has acquired a strategic block of placer gold mining claims in the heart of the Indian River Indian River, lagoon, c.100 mi (160 km) long, E Fla., parallel to the east coast from N of Titusville to Stuart. Along the lagoon a variety of citrus and vegetable products are grown and transported by small boats to towns on its waterway and those further inland. Placer Project. A 49% interest has been taken in 29 claims filling in a gap between existing groups of placer claims and leases owned 100% by Klondike Star. The ground has been subject of extensive prospecting, auger drilling, and sampling. High potential sites have already been cleared for bulk sampling and test mining. Klondike Star is the operator for the joint venture. "With a scoping study for potential mine development in progress, this strategic mineral rights acquisition advances prospects for the Indian River Placer Project considerably", says Hans Boge, P.Eng., President, Klondike Star Mineral Corporation. This arrangement increases Klondike Star's total placer claims in the Dawson Mining District by 10% and the total area of placer mineral rights holdings to an estimated 46 square kilometers (17.8 square miles). The new properties come with a valid water use authorization and a placer mining placer mining: see mining. placer mining Oldest method of recovering gold from alluvial deposits. It takes advantage of gold's high density, which causes it to sink more rapidly from moving water than the lighter siliceous materials with which it is land use operating permit. The Indian River Placer Project is an advanced exploration property. (Press release #9, June 13, 2006) The bulk sampling and test mining program currently underway is expected to incorporate one or more sites in the new block of placer claims. About Klondike Star Klondike Star Mineral Corporation is an established exploration and development company actively working on eight major properties, totalling 401 square kilometers (154.9 square miles) in the Yukon Canada. The company is developing extensive surface and subsurface 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 308 square kilometer (119 square miles) land position underlying the site of the Klondike gold producing region in the Dawson mining district. These holdings include, but are not limited to properties known as the Lone Star Lone Star (or Lonestar) may refer to:
Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. in the Watson Lake Watson Lake, village (1991 pop. 912), SE Yukon Territory, Canada, near the Liard River and the British Columbia border. It is a Royal Canadian Mounted Police Post, with an airfield and a radio station, located near the Alaska Highway. and Whitehorse mining districts of the Yukon. 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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