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Gold, considered by many as a monetary currency, plays a vital role in global stability. In an era of global tension it may not be surprising to see a renewed interest in gold and an increase in pricing, as witnessed in late 2002 and 2003. Many forward looking views have been expressed recently regarding the future pricing of gold relative to the U.S. currency, and the effect that a consumer debt crisis may have on those values. Richard Hughes is one of Canada's most successful mineral explorationists. He is responsible for discovering three of Canada's most significant gold mines, Belmoral, Sleeping Giant and the countries largest ever gold find — Hemlo. Klondike Star Mineral Corporation (NASD:KDSM) through partnership with an exceptional Canadian mine–finder, Richard Hughes, has an earn–in option agreement on the Lone Star claims in the Klondike Mining District of Yukon Territories. In his 35 years of exploration experience Hughes has stated that the Lone Star claims in the Klondike is “one of the most exciting projects” he has ever worked on.
It is estimated that as much as 20,000,000 oz of gold has been mined over the past 107 years, and that this gold has migrated from sources at the headwaters of Bonanza and Eldorado creeks. This headwater is known as Lone Star mountain, and is contained within the Lone Star claims. The Lone Star claims, including famed Eldorado and Bonanza Creeks, are the nexus of the original Klondike Gold Rush. The Klondike is considered to be the richest placer, or surface, gold producing area in world history and experienced the greatest gold rush the world has known. Klondike Star is providing capital resources
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