GoldTrain Resources Inc.

December 14, 2009 09:41 ET

GoldTrain to Trade on Canadian National Stock Exchange and Announces Proposed Winter Exploration Programs

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2009) - GoldTrain Resources Inc. (CNSX:GT) ("GoldTrain") is pleased to announce that effective at the open of market on Monday December 14, 2009, GoldTrain's common shares are scheduled to begin trading on the Canadian National Stock Exchange ("CNSX") under the trading symbol GT.

As part of the listing process, GoldTrain filed a CNSX Form 2A - Listing Application (the "Form 2A") with the CNSX as well as other related CNSX forms. The Form 2A contains prospectus level disclosure on GoldTrain and investors are encouraged to review the Form 2A on the CNSX's website at .

Brian Wright, President of GoldTrain, commented, "I am personally very pleased that GoldTrain's shares have been listed on the Canadian National Stock Exchange. For shareholders of both predecessor companies, Goldwright and Hall Train, it is has been a very long process but finally we are at the stage where our company can access capital markets to provide the funding to achieve our goal of building a world-class mining company from the ground up, and to enable me, personally, to follow the path of my mentors."

Planned Winter Exploration Programs

1. - Missinabie Gold Property

Following successful completion of a proposed flow-through financing, a minimum 800 meter drill program is planned to commence on the Missinabie Property in early January to follow up on historical and recent surface sampling results that include:

21.6 g/t (grams per metric tonne) gold (Au) over a channel length of 2.0 metres

18.47 g/t Au over a sample length of 3.66 metres

18.61 g/t Au over a sample length of 1.87 metres

12.51 g/t Au over a sample length of 2.74 metres

10.59 g/t Au over a channel length of 3.00 metres

GoldTrain's Missinabie Property consists of 5 unpatented mineral exploration claims totalling 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.)

2. - Janes Township Copper/Nickel Property

A 9-hole diamond-drill exploration program totalling 826 meters was drilled on GoldTrain's 75% owned Janes Property in December 2007. To date, the core from these drill holes has not been logged or sampled. The core has been stored in a secure location at GoldTrain's field office in Hagar, Ontario. This drill program was designed to test for strike and down dip extensions as well as infill drilling on previous drill programs completed by joint venture partners, Pacific North Capital Corp. and Anglo American Platinum Corp.

Highlights of previous drill programs include:

15.05 metres assaying 0.85% Cu, 0.28% Ni, 2.28 g/t Pd, 0.33 g/t Pt and 0.19 g/t Au and

14.01 metres assaying 0.84% Cu, 0.35% Ni, 2.08 g/t Pd, 0.33 g/t Pt and 0.28 g/t Au

Historical drill holes on the Janes property include 7.9 metres assaying 1.86 % Cu, 1.51% Ni, 1.30 g/t Pd, 0.21 g/t Pt and 0.21 g/t Au at 172 metres vertical depth. Significant drill results from Pacific North West Capital drill programs are included in the table below.

Cu Ni Pd Au Pt
From To Interval (copper)(nickel)(palladium) (gold)(platinum)
Hole No. (m) (m) (%) (%) (%) (g/mt) (g/mt) (g/mt)
JR99-01 35.00 50.05 15.05 0.85 0.28 2.282 0.195 0.333
incl. 40.13 47.11 6.98 1.34 0.24 3.038 0.116 0.386
JR99-02 6.87 11.00 4.13 1.21 0.58 1.710 0.180 0.389
incl. 9.92 10.56 0.64 3.37 1.66 3.989 0.362 0.893
JR99-03 0.00 8.68 8.68 0.69 0.44 3.716 0.268 0.462
JR99-05 2.75 9.57 6.82 0.19 0.09 0.772 0.081 0.121
JR99-06 9.90 23.91 14.01 0.84 0.35 2.084 0.292 0.331
incl. 19.76 22.16 2.40 0.87 0.47 3.631 0.334 0.490
JR99-07 222.82 223.41 0.59 0.21 0.36 0.541 0.028 0
JR99-08 35.83 38.59 2.76 0.29 0.22 4.491 0.173 0.713
JR99-09 2.46 7.85 5.39 0.54 0.21 0.339 0.146 0.093
JR99-11 32.52 48.68 16.16 0.64 0.27 1.633 0.234 0.286
JR99-14 68.45 78.20 9.75 0.40 0.19 1.183 0.180 0.199
JR99-15 60.00 78.50 18.50 0.26 0.12 0.315 0.097 0.084
JR99-16 31.77 37.50 5.73 0.50 0.20 1.602 0.126 0.228
JR99-19 132.65 132.95 0.30 11.08 0.60 0.706 0.074 0.360

This proposed logging and sampling program is to begin immediately following completion of GoldTrain's proposed flow-through financing, in which event, results could be expected within a few weeks Once results are received from this logging and sampling program, preliminary metallurgical test work would be scheduled to be undertaken. The process to bring the key claims to lease and permitting to process a proposed 10,000 tonne bulk sample from the property would then be completed A compilation of all drilling and surface data and further interpretation of geophysical data is to be completed to aid in future drill programs planned for 2010.

All surface and diamond drilling programs were completed under the supervision of Joerg Kleinboeck, B.Sc., P.Geo, GoldTrain's Qualified Person as defined by National Instrument 43-101. Mr. Kleinboeck has reviewed and approved the scientific and technical content of this news release.

Technical Reports (in accordance with NI 43-101) detailing the Chiniguchi River Property (also known as the Janes Property) and the Missinabie Property are available at

This news release contains or refers to forward-looking information. All information other than statements of historical fact that address activities, events or developments that GoldTrain believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond GoldTrain's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements, including that results of the sampling or drilling programs or metallurgical test work may not be positive or conclusive. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, GoldTrain disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although GoldTrain believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Contact Information

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