GoldTrain Resources Inc.

August 24, 2009 09:46 ET

GoldTrain Completes Phase 1 of its Field Program on the Missinabie Property

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2009) - GoldTrain Resources Inc. ("GoldTrain") is pleased to announce that a Phase 1 detailed mapping and channel-sampling program have been completed on GoldTrain's Missinabie property. The field-work included ground-truthing several high priority induced-polarization targets as well as detailed mapping and channel-sampling on the D-vein. The surface exposure of the D-vein consists of a folded quartz vein that averages approximately 3 m in width along an exposed strike length of 80 m. The veining and associated mineralization obtains widths of greater than 6 m at the hinge of the fold. The detailed mapping provides GoldTrain with sufficient data to plan a minimum 1000 m diamond drill program which is expected to start as soon as GoldTrain's proposed flow-through private placement is completed. Prior to the drilling program, GoldTrain plans a second phase of additional channel-sampling along the D-Zone. Historical work including limited trenching has traced the D zone for a strike length of over 200 meters.

Samples from the first phase of the channel-sampling are currently being analyzed by ALS Chemex Laboratories in Vancouver, B.C. Assay results will be provided as soon as they are received from the lab and reviewed by GoldTrain personnel.

GoldTrain's Missinabie property consists of 5 unpatented Mining Claims totaling 1248 Ha located 3.5 km southeast of the past-producing Renabie Gold Mine. Historical gold production from the Renabie Mine was 1,100,000 ounces at an average grade of 0.20 oz/ton. Gold production summaries completed at the end of 2008 indicate that this represents approximately 45 % of all of the gold mined from the Wawa area. (Atkinson, B.T., Pace, A., Woo, H., Wilson, A.C., Butorac, S. and Draper, D.M. 2009. Report of Activities 2008, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6235, 109p.)

Surface work was completed under the supervision of Joerg Kleinboeck, B.Sc., P.Geo, the company's Qualified Person as defined by National Instrument 43-101. Mr. Kleinboeck has reviewed and approved the scientific and technical content of this release.

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the forward-looking statements and expectations.

Contact Information

  • GoldTrain Resources Inc.
    Brian Wright
    (705) 967-0216
    By mail:
    GoldTrain Resources Inc.
    #1801-180 Dundas Street West,
    Toronto, Ontario
    M5G 1Z8