Major Expansion of Gold Mineralization Forecast for Lone Star Gold
Project
SEATTLE,
January 29, 2008 (MARKET WIRE) – Donald W. Flinn,
P.Eng., Vice-President, Operations of Klondike
Star Mineral Corporation (OTCBB:KDSM) today
reported consolidated analysis of 2007 exploration results together with
geological research of the Klondike region by the University of British
Columbia’s Mineral Deposit Research Unit (MDRU) has resulted in the
identification of high priority drill targets at the Lone Star Zone, expected
to substantially increase the known gold potential." This zone is one
of five major exploration targets on the expansive Lone Star property.
Detailed
mapping and re-logging of drill core at the Lone Star Zone by Klondike
Star’s geological staff has resulted in the first comprehensive
geological model of the zone. This model displays the major structures and
identifies a major stratigraphic control of gold mineralization that was
not previously apparent. The zone is highly deformed, with multiple phases
of folding and faulting, and has few obvious geological markers. The rock
types at Lone Star grade into one another, with subtle variations in
mineralogy and highly variable percentages of the rock forming minerals.
The
detailed geology of Lone Star zone was re-investigated, informed by the
recent regional structural geological framework identified by the MDRU. Careful
examination of the available rock outcrops at the zone, mostly present in
trenches, combined with information available in drill core led to the
identification of subtle marker horizons which could be traced across the
zone at surface, and into the subsurface. These marker horizons allow for a
realistic interpretation of the major folds and faults which control the
geometry of the host rocks.
Gold
mineralization was found to be strata-bound within certain favourable
geological horizons. For the most part gold is disseminated within a
muscovite-rich schist which is variably pyritic. Minor quartz veins are
locally associated with gold, however most of the gold is not spatially
associated with veining. A schistose meta-quartzite forms the footwall to
the mineralized unit, and a distinctive, narrow, apple green band of
quartzite is found within the muscovite schist that is a consistent marker
horizon.
Combining
the new geological model with plans and cross sections displaying gold
mineralization has led to the identification of numerous locations within
the existing Lone Star resource area that are very likely to host
additional mineralization. It is also apparent from the geological cross
sections that a significant deep gold target is present at the Lone Star
zone that has never been drilled. The maximum depth tested to date is 175
meters/574 feet, and the favourable horizon is now interpreted to extend to
approximately 400 meters/1,312 feet in the Lone Star area.
A
program of infill, step-out and deep drilling has been planned based on
this new interpretation of the geological setting. 11,000 meters/36,089
feet of drilling is proposed for 2008 that is expected to substantially
increase the identified gold resource at the Lone Star zone. This drilling
would consist of about 2,000 meters/6,562 feet of shallow drilling (maximum
100 meters/328 feet) along the southern edge of the deposit in areas that
haven’t been tested, 4,000 meters/13,123 feet to extend the zone to
the Pioneer zone to the southwest, 1,000 meters/3,280 feet to extend the
zone to the northwest and 4,000 meters/13,123 feet of deep drilling (holes
of 200 to 400 metesr/656 to 1,312 feet) within the Lone Star resource
area.
Exploration
Manager, Bill Mann M.Sc. said “I am very pleased that our patient,
systematic and sustained geological work in conjunction with the MDRU has
resulted in a breakthrough in understanding of the structural and
stratigraphic geological setting at Lone Star. It is exciting to be able to
plan drill holes that are highly probable to intersect additional gold
mineralization.”
About the Lone Star Project
Lone
Star is an advanced exploration stage project that is being studied for
mine development. Of all its projects, Klondike Star is currently focusing
exploration efforts at the majority-owned Lone Star Project. It involves an
area of 135 square kilometres/152 square miles, including the Lone Star
Zone, the Nugget Zone, the Buckland Zone, the JF Zone, Pioneer Zone and the
27-Pup-Dysle-Veronika Zone. These zones extend over large areas with
excellent opportunity for the existence of multiple mineralized zones,
along both strike and dip. They belong to a class of structures which have
potential for large, medium-grade, bulk-tonnage ore bodies.
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.