SEATTLE, Oct. 23, 2007 (PRIME NEWSWIRE) -- 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.
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.