Klondike Megastar Discovers Novel Mineralized Zone at Lone Megastar Gold Mission

Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike Megastar Mineral Corporation (OTCBB:KDSM) at present time announced the discovery of a brand fresh gold-bearing zone at the Lone Megastar Mission in the Klondike predicament, Yukon, Canada. This brings the known, orderly gold mineralized zones which would be packed with life exploration targets on the colossal 58.7 square mile (152 square kilometer) Lone Megastar Mission to 5.

An exploration excavator trenching program has stumbled on a brand fresh gold zone map the centre of the Lone Megastar property. A 95 meter length of trench 06TR-06 returned highly anomalous values as much as 2.32 g/t gold over a 5 meter interval. The remaining sample in the ditch returned 1.27 g/t gold over 5 meters. The zone is located 1.5 kilometers east of the Buckland zone, 1.5 kilometers southeast of the Lone Megastar zone, and is birth in all directions. The fresh zone, named the “JF” zone, is no longer on constructing with any previously known mineralization on the property.

Bill Mann, M.Sc., Exploration Manager smartly-known, “It is some distance terribly encouraging to hold made a fresh discovery in this kind of central space on our foremost Lone Megastar Mission yelp block. There’s no indication of any outdated exploration on this space, diverse than a soil geochemical locate.”

The decision to locate the gap of the JF zone was once in accordance with the presence of a 400 meter by 500 meter soil geochemical gold anomaly, with a peak price of 291ppb gold. The soil locate was once performed in the mid 1980’s, but was once no longer adopted up except 2006. The mineralized zone is hosted by rusty quartz-muscovite schist and not utilizing a quartz veining smartly-known. These rocks appear equivalent to these net net hosting the Lone Megastar zone, and happen in the same structural surroundings above a gently dipping thrust fault. The zone is located in the headwaters of Happy Gulch, a smartly off placer movement named after miner Emile Happy who stumbled on gold at the gulch in 1897.

The ditch was once sampled by 5 meter prolonged valid chip samples alongside a 480 meter prolonged trench, with samples analyzed for 36 substances by the ICP map. The remaining 95 meters of the ditch was once stumbled on to be tremendously mineralized with gold, and samples above 100ppb hold been re-analyzed by metal sieve fire assay.

Plans for the JF zone in 2007 will embrace extending the discovery trench at the very least 250 meters extra to the west to decrease throughout the soil anomaly, and re-sampling the mineralized zone at 2 meter intervals. An IP geophysical locate will be laid out to veil the gap of the soil anomaly. Extra trenches will be laid out at offsets to the discovery trench, and an preliminary diamond drill check is deliberate for later in the summertime.

About the Lone Megastar Mission

Lone Megastar is an superior exploration stage mission that is being studied for mine constructing. Of its eight initiatives, Klondike Megastar is in the intervening time focusing exploration efforts at the bulk-owned Lone Megastar Mission. It is some distance made out of 1,056 mineral claims and crown grants intelligent an space of 152 square kilometers (or 58.7 square miles) together with the Lone Megastar Zone, the Nugget Zone, the Buckland Shear Zone, the 27-Pup-Dysle-Veronika Zone and the fresh JF Zone. All 5 zones lengthen over orderly areas with amazing opportunity for the existence of a pair of mineralized zones, alongside each strike and dip. They belong to a class of buildings which hold ability for orderly, medium-to-low grade, gold bearing ore bodies.

The Lone Megastar Mine was once built in 1912 and was once the largest of the underground gold mines built in the Klondike. By 1914, the Lone Megastar Mine had produced 7,640 tons of ore (calculated to reveal approximately a head grade of 0.202 ounceston: Cathro, 1969, or 5.67 grams/tonne) from an birth decrease which was once connected to a 225 meter adit via an ore circulate. An amalgamation 4-head tag mill was once built on Victoria Gulch and a gravity tramway connected this to the mine. The mine was once closed at the outbreak of World War I. Varied attempts at underground constructing took effect between 1911 and 1948.

Gold on the Lone Megastar property is fresh as grievous free gold, with pyrite in disseminations, and in the neighborhood is associated with slim discordant quartz veins. The mineralized zones are associated with quartz-carbonate-pyrite alteration, and are hosted by felsic metavolcanic schist.

About Klondike Megastar

Klondike Megastar Mineral Corporation is an established exploration and constructing firm actively working on eight predominant properties, totalling 463 square kilometers or 179 square miles in the Yukon, Canada. The firm is growing intensive floor and subsurface mineralized zones on a 370 square kilometer or 143 square mile land effect underlying the gap of the Klondike gold-producing predicament in the Dawson mining district. These holdings embrace, but aren’t restricted to properties is smartly-known as the Lone Megastar Mission and the Indian River Placer Mission, each superior stage exploration. Moreover, Klondike Megastar holds pursuits in 93 square kilometers or 36 square miles of take high ability targets for gold, deplorable and treasured metals in the Watson Lake and Whitehorse mining districts of the Yukon.

The statements in the click unlock that yelp to the firm’s expectations concerning the future impact on the firm’s results from fresh products or actions in constructing are forward-looking out statements, for the period of the meaning of the Non-public Securities Litigation Reform Act of 1995. The statements on this file could presumably merely additionally non-public “forward-looking out statements” for the period of the meaning of Piece 27A of the Securities Act of 1933 and Piece 21E of the Securities Alternate Act of 1934. Since this knowledge could presumably merely non-public statements that non-public risk and uncertainties and are subject to change at any time, the firm’s exact results could presumably merely differ materially from anticipated results.

Klondike Megastar Mineral Corporation
Investor Relatives:
Wayne Cousins, 800-579-7580