Klondike Star Drill Program Mounted as Spice Project Enters New Phase on Expanded Land Base.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 spring staking initiative on the Spice Project has increased the land base and a diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program will proceed this fall. The Spice Project now consists of 51 mineral claims totaling 10.9 square kilometres (4.2 square miles), an increase of 63%. The property is located 28 kilometres east of Ross River and 8 kilometres south of the North Canol Road in the Watson Lake mining district. Klondike Star has an agreement for the acquisition of up to 75% interest in the Spice claims. "The Spice Project falls within the Tintina Gold Belt which hosts numerous gold deposits and producing mines, notably the Fort Knox, Pogo and (former) Brewery Creek, as well as active exploration projects", said Hans Boge, President, Klondike Star Mineral Corporation. The property is drill ready, although it has been explored since 2000, when a regional geochemical survey conducted by the Yukon Geological Survey identified strong, coincident gold, silver and epithermal pathfinder elements. Follow-up geochemical sampling identified an open-ended anomalous zone where samples assayed up to 13.9 grams/tonne gold. An IP chargeability high and resistivity resistivity Electrical resistance of a conductor of unit cross-sectional area and unit length. The resistivity of a conductor depends on its composition and its temperature. low coincides with the highest geochem values. The target is a low-sulphidation epithermal style gold deposit hosted by rhyolite rhyolite, fine-grained light-colored acidic volcanic rock. Rhyolite is chemically the equivalent of granite, and is thus composed primarily of quartz and orthoclase feldspar with subordinate amounts of plagioclase feldspar, biotite mica, amphiboles, and pyroxenes. , similar to the Grew Creek property 60 kilmeters to the west. The Grew Creek property is currently being explored with an on-going drilling program. The 2006 exploration program will be headed up by an expanded geology team. The program will include exploratory diamond drilling of identified targets in the fall. 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 kilometre (135.1 square miles) 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 93 square kilometers (35.9 square miles) 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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