Klondike Star Achieves Majority Interest in The Lone Star Claims.SEATTLE -- Hans Boge, President of Klondike Star Mineral Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KDSM KDSM Korea Defense Service Medal (US DoD) ) announces that the company has completed the terms of the earn-in option agreement for 55% interest in the Lone Star claims in the Klondike Mining District, Yukon, Canada by spending a total of $2,250,000. Klondike Star may earn up to 65% by completing a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. , and has informed Richard Hughes of its intentions to do so in a recent meeting in Whitehorse, Yukon during the annual Geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge Forum. Klondike Star Mineral Corporation now owns the majority interest in these claims and will take over as operator of the exploration program. Don Flinn, P. Eng., Vice-President of Operations will assume leadership of the work programs, which are gearing up to be the largest field season in the history of the Lone Star project. Bill Mann, M. Sc., Project Geologist will continue to lead a team of geologists, geological engineers and prospectors based in Dawson City. Work programs will commence in early spring and run until late fall. Details of the exploration plan for 2005 are in development and will be released shortly. Klondike Star Mineral Corporation is an exploration and development company with mineral claims in the Klondike Mining District, Yukon, Canada. The property includes Bonanza Creek Eldorado Creek, and the Lone Star Mine near the site of the discovery 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. . About Klondike Star Klondike Star Mineral Corporation is developing 5 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 60 square km land position underlying the site of the Klondike Gold Rush. The area has been in constant Placer 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. Klondike Star can earn up to 75% interest in the Lone Star claim group from its joint venture partner by completing certain exploration programs and delivering a bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study. 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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