Lone Star Project Moves to Next Level of Advanced Stage Exploration.SEATTLE -- Donald W. Flinn, Vice-President, Operations is pleased to announce that Klondike Star Mineral Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KDSM KDSM Korea Defense Service Medal (US DoD) ) is proceeding with its most extensive drilling and bulk sampling program ever on its major gold property, located 20 kilometers from Dawson City in the heart of the Klondike gold producing region of the Yukon, Canada. 2006 exploration efforts will more than double the substantial investment in 2005. The Lone Star Lone Star (or Lonestar) may refer to:
Klondike Star's results to date and the potential of the Lone Star Project are summed up by Bill Mann, Exploration Manager in the 2006 project assessment. This follows the 2005 large-scale 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 , soil and chip sampling, bulk sampling program. "The Lone Star represents an extensive 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. area with a large tonnage, low grade gold resource augmented by higher grade zones that warrants an expanded exploration effort and intensive evaluation for potential mine feasibility and development," says Mann. Since acquiring the property in 2004, Klondike Star has become the majority owner and operator, increased the size of the project from 500 to 1056 mineral claims and crown grants, constructed a hard camp and milling infrastructure on site, and completed extensive soil, chip and bulk sampling, drilling, milling and assay analysis. The 2006 summer work plan will run from late May through October. It includes an expanded diamond and auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. drilling program of 11,000 metres, more than double the 4828 metres drilled in 2005. This will further delineate the extent of the known gold bearing ore body in the primary zones of interest, including the Lone Star and extensions, the Buckland between Gay Gulch and 27 Pup and the Nugget Nugget A 15 year Gold FHLMC (Freddie Mac) bond; similar to a Dwarf. zone above Oro Grande Gulch. Deep drill holes are planned to extend resource analysis to depths beyond 500 metres. The company completed construction and testing of its Bulk Sample Testing Facility in 2005. This facility will process between 1 and 10 tonne samples from trenches throughout the Lone Star property and will provide detailed analysis of ore grades, lode gold particle counts, and milling efficiencies. Such data will contribute to completing an industry standard mineral resource assessment. Information gathered will also be part of the ongoing scoping study currently in progress (Press Release #13-2005), while environmental baseline studies enter their third season. New facilities, including a mechanical shop and camp annex, are being constructed in the vicinity of the Eldorado Camp installed for the 2005 season. This infrastructure will increase productivity and provided cost-efficiencies while supporting a larger exploration effort. The Lone Star Project is an advanced, late stage exploration property. Bulk sampling is proceeding alongside the scoping study to determine the economic viability of the mineral deposit and facilitate expedited planning and decision-making. About Klondike Star Klondike Star Mineral Corporation is an established exploration and development company actively working on seven major properties in the Yukon Territory Yukon Territory, territory (2001 pop. 28,674), 207,076 sq mi (536,327 sq km), NW Canada. Geography and Climate The triangle-shaped Yukon territory is bordered on the N by the Beaufort Sea of the Arctic Ocean, on the E by the Northwest Territories, , Canada. Klondike Star Mineral Corporation is developing mineralized 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 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 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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