Klondike Star Appoints Manager For Indian River Gold
Project
SEATTLE, October 23, 2007 (BUSINESS WIRE) – Hans Boge, P.Eng.,
President, Klondike Star Mineral Corporation (OTCBB:KDSM) today announced the
appointment of John Maissan, P. Eng. as mine development manager for the
proposed Indian River Gold Project in the Klondike gold district, Yukon,
Canada. The mine planning team includes a senior mining process engineer with a
leading Canadian engineering firm as well as Yukon-specific expertise in placer
mining.
A professional engineer, Maissan has experience as a mine
manager and extractive metallurgist holding positions of increasing
responsibility in copper-gold, copper-lead-zinc, and lead-zinc operations,
culminating with bringing a 300 ton per day underground gold mine into
production.
Hans Boge said, “John Maissan, P.Eng. offers
extensive professional and practical experience in the Canadian mining industry
including roles in project management, mine development, management and milling
operations, and is a well regarded energy specialist. These qualities address
the challenges associated with bringing the Indian River Gold Project into
production successfully.”
Previously, Maissan was Mine Manager for
the Mount Skukum Gold Mine, Mill Manager for Cyprus Anvil Mining Corporation,
Assistant Mill Superintendent for Noranda Mines (Ontario) and an instructor in
metallurgy and mineral processing for the Haileybury School of Mines. Work
experience as Senior Utility Engineer and Director of Technical Services for
Yukon Energy was preceded by service as Director of Energy and Mines for the
Yukon government. He was responsible for technical studies into new mining
methods to improving gold recovery from alluvial deposits in the Klondike
region, Yukon, Canada. More recently, Maissan’s energy clients in the
mining sector have included majors with projects in Alaska (gold) and the
Northwest Territories (diamonds).
As an acknowledged expert in
renewable energy technologies, electrical utility infrastructure and services
and energy efficiency, John Maissan was awarded the R.J. Templin Award for
outstanding contributions in the development of Canadian wind energy technology
by the Canadian Wind Energy Association in 2001.
About the Indian
River Gold Project
The Indian River property consists of 223
placer bench claims and 3 leases totaling about 21.1 km2/8.2
mi2 located in a wide, shallow valley about 40 kilometers from
Dawson City, Yukon in the heart of the Klondike gold-producing region. Klondike
Star holds 100% ownership, with exception of a 49% interest in a small group of
claims. The property has never been mined or subjected to modern recovery
methods.
The Company has reported progress respecting environmental
assessment and regulatory approvals, extensive drilling and test mining,
delineation of probable mineral reserves, and business planning for a mine
development decision by the Board of Directors. An authorization to mine has
been issued by the Government of Yukon following a public environmental and
socio-economic assessment by an independent agency. A comprehensive business
plan based on a 10-year minimum mine-life is nearing completion. The latest
2007 drilling and test mining results are being incorporated. The plan will
comply with the U.S. Securities and Exchange Commission requirements for
assessment and reporting of mineral reserves.
For more information
please contact:
Wayne Cousins, Investor Relations
Toll Free (800)
579-7580
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 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.